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Sanlam Kenya
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Did this Sanlam just report a loss of Ksh 2b?!
BBI will solve it :)
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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2012 wrote:Did this Sanlam just report a loss of Ksh 2b?! Where paste link here. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Ericsson wrote:2012 wrote:Did this Sanlam just report a loss of Ksh 2b?! Where paste link here. Magazetini and there is a thread http://wazua.co.ke/forum...s&t=37324#post864379If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Sanlam FY19 SANLAM FY19 Net earned premium +5.1% to Sh5.6bn Total income +50% to Sh8.9bn, mainly on FV losses reducing from -Sh1.9bn to a gain of Sh422m. FY18 v. FY19 Claims ratio 95% v. 86% Expense ratio 54% v. 62% Combined ratio 150% v. 148% While PBT improved to Sh550m from a loss of Sh2bn, the tax rate was a whopping 79% with no explanation given. As a result, EPS was just Sh0.79 from a whopping -Sh14.01 in FY18. Total assets remained largely flat at Sh29bn. Book value is Sh12 & share likely to trade BELOW THAT. Cash resources at the end of the period collapsed by 55% to Sh1.195bn due to loan repayments & increased investing activities. Despite loan repayments of Sh1bn, total liabilities decreased by slightly above Sh200m, which is pretty insignificant. https://pbs.twimg.com/me...rmat=jpg&name=large
https://pbs.twimg.com/me...mat=jpg&name=medium
https://pbs.twimg.com/me...rmat=jpg&name=large
https://pbs.twimg.com/me...rmat=jpg&name=large
https://pbs.twimg.com/me...mat=jpg&name=medium
https://pbs.twimg.com/me...ormat=jpg&name=largeWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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investment income- kshs 2,350,289,000. Net claims and policy holders benefits- kshs 4,836,423,000 If they work hard at increasing their investment income,they will make enough to clear claims and policy holders benefits hence increase their net profit. Towards the goal of financial freedom
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ebenyo wrote:investment income- kshs 2,350,289,000.
Net claims and policy holders benefits- kshs 4,836,423,000
If they work hard at increasing their investment income,they will make enough to clear claims and policy holders benefits hence increase their net profit. I guess their aggressiveness in investment must have been slowed down by CP and CB that burned them over the last 3 years. So the MD during the results briefing/presentation say that they are taking a cautious approach to investment as they review their policy on investment and risk management. They will recover going forward - next results will be hugely improved. 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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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry. https://citizentv.co.ke/...million-property-323848/Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=Ericsson]Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry. https://citizentv.co.ke/...illion-property-323848/[/quote] Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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sparkly wrote:Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m. Unless the "profit" on the property was 300mn+, it would have done little to help them. Sale Price - Cost + Depreciation - any prior "FV Gains" - Costs to sell = Profit in the current year Isn't real estate, especially office space, suffering? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m. Unless the "profit" on the property was 300mn+, it would have done little to help them. Sale Price - Cost + Depreciation - any prior "FV Gains" - Costs to sell = Profit in the current year Isn't real estate, especially office space, suffering? If the building in question is Sanlam House, then the residual value of the building is nominal and almost all the proceeds were capital gain. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Half year 2020 Loss of Ksh.136mn https://www.nse.co.ke/issuer-announcements.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Insurance broker accused of stealing Sh11.8m Sanlam premiums https://www.businessdail...24668-hxrcquz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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https://www.businessdail...ying-loan-again-2732150
Sanlam in talks to delay repaying loan again Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Is Sanlam a buy at sub 10? Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Fyatu wrote:Is Sanlam a buy at sub 10? Wait for release of FY results which will be out within a month from now. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Ericsson wrote:Fyatu wrote:Is Sanlam a buy at sub 10? Wait for release of FY results which will be out within a month from now. FY Profit Before Tax at ksh.50mn Loss after Tax Ksh.78mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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[quote=Ericsson]Half year 2020 Loss of Ksh.136mn https://www.nse.co.ke/issuer-announcements.html[/quote] Second Half must have been good at them.They were able to return a FY PBT of ksh.50mn 2020 Profit/Loss before Tax H1--Loss of ksh.136mn H2--Profit of Ksh.186mn https://www.nse.co.ke/ph...d-ended-31-dec-2020.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/1/2019 Posts: 119
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I am looking for Sanlam Kenya Group Financial results 2021.
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Rank: Member Joined: 7/1/2019 Posts: 119
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I am looking for Sanlam Kenya Group Financial results 2021.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Receptor wrote:I am looking for Sanlam Kenya Group Financial results 2021. Not yet released. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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