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Jubilee Insurance FY 2018.....Anyone ?
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Please provide info when the news unfold? Hope the bi-annual 1:10 bonus(scrip dividend) will apply for FY 2018....... The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 3/30/2009 Posts: 56
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Insurance numbers for 2018 have been bad, I don't expect different from JHL. They haven't issued a profit warning, so I guess that it will be flat. I can live with zero dividend and the traditional bonus.
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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peep wrote:Insurance numbers for 2018 have been bad, I don't expect different from JHL. They haven't issued a profit warning, so I guess that it will be flat. I can live with zero dividend and the traditional bonus. A flat performance from JHL is a much better performance than what most insurance firms have reported!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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I believe the result will be out on or before Friday 26th April. 1:10 traditional bonus every other year still in the cards . The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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young wrote:I believe the result will be out on or before Friday Friday 25th April.
1:10 traditional bonus every other year still in the cards . 25th April is on Thursday. With the way they have delayed points a rosy picture of what to expect. They are bleeding businesses in the motor vehicle and medical insurance segments Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Ericsson wrote:young wrote:I believe the result will be out on or before Friday Friday 25th April.
1:10 traditional bonus every other year still in the cards . 25th April is on Thursday. With the way they have delayed points a rosy picture of what to expect. Last year they also lost Safaricom medical business which was worth ksh.2bn per annum in premiums Thanks for correcting the date to 26th. Have amended accordingly The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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3 more working days to end of April, dateline for earnings report announcement by coys. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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young wrote:3 more working days to end of April, dateline for earnings report announcement
by coys. this is not normal for jubilee!, what are they preparing or cooking? There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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littledove wrote:young wrote:3 more working days to end of April, dateline for earnings report announcement
by coys. this is not normal for jubilee!, what are they preparing or cooking? Julius Kipngetich transferred Uchumi monkey business there. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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sparkly wrote:littledove wrote:young wrote:3 more working days to end of April, dateline for earnings report announcement
by coys. this is not normal for jubilee!, what are they preparing or cooking? Julius Kipngetich transferred Uchumi monkey business there. I told you guys that the guy is not fit enough
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Waiting for the last working day in April. Tues 30th April The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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young wrote:Waiting for the last working day in April.
Tues 30th April Monday 29 April 2019 Jubilee Holdings FY Results release Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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https://www.businessdail...8780-n50hdkz/index.html How Jubilee survived 2018 insurance industry losses Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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VituVingiSana wrote:https://www.businessdailyafrica.com/corporate/companies/Jubilee-survived-2018-insurance-losses/4003102-5118780-n50hdkz/index.html How Jubilee survived 2018 insurance industry losses
Like a true Indian, he lets out his business secrets but still prospers.. Very good strategies by the way
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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obiero wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/corporate/companies/Jubilee-survived-2018-insurance-losses/4003102-5118780-n50hdkz/index.html How Jubilee survived 2018 insurance industry losses
Like a true Indian, he lets out his business secrets but still prospers.. Very good strategies by the way I did not read any "secrets" but that JIL executed well. 1) Keep costs low. "We had the lowest expense ratio in the industry" 2) Diversify. JIL is a regional (not Kenyan) insurer. "Our growth in Uganda and Tanzania strengthened our market leadership" "diversified by investing in a number of quality companies" 3) Sustainable and Conservative growth and investments. "Our conservative approach to investments" "putting more of our money in government bonds." "government guaranteed investments to get return in dollar terms." 4) Smart/Good Investment Allocation policy. "took a decision about five years ago to cut our exposure at NSE gradually" 5) Digital channels to expand the reach "automated simple tasks like giving quotations to customers" "customer service team to handle complex enquiries." I think Jubilee has a superb board which pushes the management to execute on their objectives. The Chairman is also listed as a major shareholder. The conservative investment approach, lid on expenses and digitization has helped JIL do very well over the years. JIL makes errors too but overall it is well run. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/corporate/companies/Jubilee-survived-2018-insurance-losses/4003102-5118780-n50hdkz/index.html How Jubilee survived 2018 insurance industry losses
Like a true Indian, he lets out his business secrets but still prospers.. Very good strategies by the way I did not read any "secrets" but that JIL executed well. 1) Keep costs low. "We had the lowest expense ratio in the industry" 2) Diversify. JIL is a regional (not Kenyan) insurer. "Our growth in Uganda and Tanzania strengthened our market leadership" "diversified by investing in a number of quality companies" 3) Sustainable and Conservative growth and investments. "Our conservative approach to investments" "putting more of our money in government bonds." "government guaranteed investments to get return in dollar terms." 4) Smart/Good Investment Allocation policy. "took a decision about five years ago to cut our exposure at NSE gradually" 5) Digital channels to expand the reach "automated simple tasks like giving quotations to customers" "customer service team to handle complex enquiries." I think Jubilee has a superb board which pushes the management to execute on their objectives. The Chairman is also listed as a major shareholder. The conservative investment approach, lid on expenses and digitization has helped JIL do very well over the years. JIL makes errors too but overall it is well run. A solid company that has never appeared on Yasserbigchair list of stocks to sell..
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 5/2/2018 Posts: 267
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/corporate/companies/Jubilee-survived-2018-insurance-losses/4003102-5118780-n50hdkz/index.html How Jubilee survived 2018 insurance industry losses
Like a true Indian, he lets out his business secrets but still prospers.. Very good strategies by the way I did not read any "secrets" but that JIL executed well. 1) Keep costs low. "We had the lowest expense ratio in the industry" 2) Diversify. JIL is a regional (not Kenyan) insurer. "Our growth in Uganda and Tanzania strengthened our market leadership" "diversified by investing in a number of quality companies" 3) Sustainable and Conservative growth and investments. "Our conservative approach to investments" "putting more of our money in government bonds." "government guaranteed investments to get return in dollar terms." 4) Smart/Good Investment Allocation policy. "took a decision about five years ago to cut our exposure at NSE gradually" 5) Digital channels to expand the reach "automated simple tasks like giving quotations to customers" "customer service team to handle complex enquiries." I think Jubilee has a superb board which pushes the management to execute on their objectives. The Chairman is also listed as a major shareholder. The conservative investment approach, lid on expenses and digitization has helped JIL do very well over the years. JIL makes errors too but overall it is well run. A solid company that has never appeared on Yasserbigchair list of stocks to sell.. For once, @VVS and @Obiero seem to be in agreement! Or has someone's account been hacked? 
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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From the results of it's HY 2019 half of the assets (Ksh.60bn)is invested in government securities. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Jubilee Insurance To Fire 52 Of Its Full-time Employees https://sokodirectory.co...ts-full-time-employees/ Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Fire would imply wrongdoing by employee?Laid off sounds better..
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