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Kenya Re FY 2018
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Superprime1
#1 Posted : Tuesday, March 19, 2019 9:29:43 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
The re-insurer has issued a profit warning. Things not cool.d'oh! d'oh!
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wukan
#2 Posted : Tuesday, March 19, 2019 10:56:00 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
Huh! You are still invested in gava firms.
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jmbada
#3 Posted : Tuesday, March 19, 2019 11:12:46 AM
Rank: Member

Joined: 1/1/2011
Posts: 396
Superprime1 wrote:
The re-insurer has issued a profit warning. Things not cool.d'oh! d'oh!

I think they should have 2 levels of profit warnings. One for below 25% of prior year profits. and another for swinging to loss making.
In this case, looks like they still have room to make profits, but the warning covers everything including a swing to losses.
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Pesa Nane
#4 Posted : Tuesday, March 19, 2019 2:31:31 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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the deal
#5 Posted : Tuesday, March 19, 2019 2:39:55 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....
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Superprime1
#6 Posted : Tuesday, March 19, 2019 2:44:47 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....

Hope so too. In the meantime, serious supply at 12.50!
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Ericsson
#7 Posted : Tuesday, March 19, 2019 5:38:17 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#8 Posted : Tuesday, March 19, 2019 6:16:44 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land


How does land get impaired?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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VituVingiSana
#9 Posted : Tuesday, March 19, 2019 6:52:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Angelica _ann wrote:
Ericsson wrote:
the deal wrote:
Pesa Nane wrote:


Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....


High claims reserves is due to coming in of IFRS9
Impairment of an asset held for sale is a parcel of land


How does land get impaired?
Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park!
GoK-controlled firms ni noma.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#10 Posted : Wednesday, March 20, 2019 12:06:47 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Pesa Nane wrote:


Unexpected income reduction from an associate--This is Zep Re

Forex losses due to currency devaluations in some of our markets--Sudan
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Wednesday, March 20, 2019 12:09 AM | Reason: Not specified
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