@guru267, you have diverted from the matter we were tackling. And FYI, I am not an accountant, a finance analyst or an economist. But I have good understanding of these fields because they are very important for an investor. Now you know when investing, I would consider a load of things

@guru267, we are talking about underwriting loss therefore one cannot avoid mentioning it. Don't get petty. Present your digits of how you are arriving at an underwriting profit of 543mio

when will the extra shares (bonus) start trading...

@the deal, thank you. I am a keen reader of your work and it is very good

@guru267, here are my concluding remarks

1. Your last post no 114 was supposed to present the digits but you have opted for an evasive response. This makes one think that you know you are wrong but you cannot admit it.

2. The chairman’s statement is in complete contradiction with the audited accounts (refer to post 109 in this case).

3. Note 2.4 are an integral part of the audited accounts. Every investor should read it and understand how the premiums and claims are measured and recognized.

4. Note 6 and Note 8 clearly show that Jubilee made an underwriting loss of KES. 258,580,000. The digits are:

Net insurance premium revenue 5,360,136,000
Less: Net insurance claims 5,618,716,000
Underwriting loss 258,580,000

5. To let you know that Jubilee is far from the best in terms of underwriting performance, have a look at this comparative analysis of insurance companies from @kenyainvesting.blogspot.com.

http://kenyainvesting.bl...rative-analysis-of.html


I rest my case too.

Happy fishing too.

hehehe @investor like @guru says that blog tells you nothing now lemme teach you something...Float comes from insurance...and Jub has the highest Float in EA so their the no 1 insurer in EA...now what's float? lemme explain in layman terms's...if you go to Jub and take out a life policy it doesnt mean you will die today but you will be paying for it (premiums) so an insurer will take this free money a.k.a Float and invest for better returns while their still waiting for your claim...now the best insurer's have high float and a low combined ratio a.k.a as cost of float...in 2009 JUB had 6 B Ksh in float and a combined ratio of 85% (super good)...with that 6 B Ksh they would have bought Unga pty ltd or do many things with it..with your Free money this is how Buffet got Rich...a well run insurance company is a MONEY MAGNET...now in 2010 Jub's float shrunk to around Ksh 4 B as claims accelerated...the combined ratio shot above 100%...do you see the correlation of the two...a low float and a high combined ratio means the imsurer is struggling i.e Britak falls in tha category...now JUB's 2010 float of Ksh 4 B is still da best in EA hence their no 1 insurance king pins.