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KenyaRe FY19 - FY23 (Both Inclusive)
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obiero
#331 Posted : Friday, August 02, 2019 6:23:57 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,325
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
Kenya Re HY Results
Kenya Re profit after tax down 12.5% to Kshs. 1.076b
Gross written premiums up 39.9% to ksh.8.86bn
Net earned premiums up 16.6% to Kshs. 7.429b
Gross claims incurred and policy holder benefits up 47.4% to ksh.5.2806bn

Claims ratio 67% v. 53%

Expense ratio 41% v. 50%

Net profit margin 12% v. 19%

Investment & other income almost flat

Cash at the end of the period up 27% to Kshs. 7.369b

NAV Kshs. 10.4

Link;https://pbs.twimg.com/media/EA44788WkAEVVL1?format=jpg&name=large
Pray Pray Pray 3/-

Be very cautious
COOP, IMH, KEGN, KQ, MTNU
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Ebenyo
#332 Posted : Friday, August 02, 2019 3:12:25 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,022
Location: Kitale
https://www.standardmedi...akaba-as-board-chairman



This is a good move.The politics will now take a break.
Towards the goal of financial freedom
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the deal
#333 Posted : Friday, August 02, 2019 3:23:49 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Told you to sell this thing long time ago...
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VituVingiSana
#334 Posted : Friday, August 02, 2019 3:48:56 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
Kenya Re profit declines 12.2pc on higher claims
https://www.businessdail...19808-7ckipez/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#335 Posted : Friday, August 02, 2019 4:22:17 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,022
Location: Kitale
[quote=VituVingiSana]Kenya Re profit declines 12.2pc on higher claims
https://www.businessdail...9808-7ckipez/index.html[/quote]



bonus shares bado haijaingia.With a NAV of kshs 10,the current price is a bargain.
Towards the goal of financial freedom
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Ericsson
#336 Posted : Monday, August 05, 2019 10:05:45 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Kenya Re HY Results
The profit before taxation for the period ended 30th June 2019 stood at Kshs. 1,380 million compared to Kshs 1,756.7 million for the period ended 30th June 2018 which is a decrease of 21%. This mainly attributed to the upsurge of claims by 49% compared to the same period in 2018.
Kenya Re profit after tax down 12.5% to Kshs. 1.076b
Gross written premiums up 39.9% to ksh.8.86bn
Net earned premiums up 16.6% to Kshs. 7.429b
The higher performance is attributable to more opportunities in the Agriculture business whose premiums stood at 2,962 million and secondly the aggressive marketing of business which the growth was better compared to the same period in 2018.

Gross claims incurred and policy holder benefits up 47.4% to ksh.5.2806bn

Net Claims incurred increased by 49% to stand at Kshs. 4.995 billion compared to the prior-year figures of Kshs. 3.362 billion. The increase was as a result of the higher claims reported during the half-year period compared to the same in 2018.

Claims ratio 67% v. 53%

Expense ratio 41% v. 50%

Net profit margin 12% v. 19%

Investment & other income almost flat

Investment income for the half-year period stood at Kshs 1.975 billion which is 2% higher than the prior-year (Kshs. 1.94 billion). This was attributed to the higher interest from investments in government securities and fixed deposits.

Cedant Acquisition costs increased by 11% from Kshs. 1.828 billion to Kshs. 2.028 billion, attributed to the increase in the gross written premiums compared to the same period in 2018.

Management expenses for the period ended 30th June 2019 stood at Kshs. 916.6 million, an increase of 23% compared to the prior year 2018 which was Kshs. 745.1 million.

Cash at the end of the period up 27% to Kshs. 7.369b

The total assets increased from kshs. 44.362 billion as of 31st December 2018 to kshs. 45.828 billion as at 30th June 2019 which is a 3% increase.

The Shareholders' funds increased from kshs. 28.3 billion as at 31st December 2018 to Kshs. 29.1 billion as at 30th June 2019 which is was 3% increase.

NAV Kshs. 10.4

Link;https://pbs.twimg.com/media/EA44788WkAEVVL1?format=jpg&name=large
Pray Pray Pray 3/-


Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#337 Posted : Monday, August 05, 2019 10:26:40 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Claims relating to the Ethiopian Airlines crash of Sh41.4 million made to an undisclosed insurer by the Kenya Reinsurance Corporation (Kenya Re) contributed to a 48.57 percent jump in net claims.
Chief executive Jadiah Mwarania said on Friday the reinsurer also incurred property damage linked claims amounting to Sh44 million in the recent terrorist attack on dusitD2 hotel and business complex in Nairobi
Other claims incurred in the period include Sh72.5 million owing to last year’s severe floods affecting the south Indian state of Kerala and Sh34 million in relation to Standard Media Group, Mr Mwarania said.

https://www.businessdail...222576-ngopsu/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#338 Posted : Monday, August 05, 2019 10:59:45 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
The tenure of the Chairman David Kibet Kemei ends next year having completed two terms of 3 years each
Applause Applause Applause


He's out even before term ends
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nashx
#339 Posted : Tuesday, August 06, 2019 1:01:19 AM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Ebenyo wrote:
[quote=VituVingiSana]Kenya Re profit declines 12.2pc on higher claims
https://www.businessdail...9808-7ckipez/index.html[/quote]



bonus shares bado haijaingia.With a NAV of kshs 10,the current price is a bargain.

I can't see the bonus shares too
Offering my personal finance knowledge for free
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Ericsson
#340 Posted : Tuesday, August 06, 2019 8:20:14 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
nashx wrote:
Ebenyo wrote:
[quote=VituVingiSana]Kenya Re profit declines 12.2pc on higher claims
https://www.businessdail...9808-7ckipez/index.html[/quote]



bonus shares bado haijaingia.With a NAV of kshs 10,the current price is a bargain.

I can't see the bonus shares too


Nani amesema zimeingia
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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