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