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KenyaRe FY19 - FY23 (Both Inclusive)
guru267
#321 Posted : Tuesday, July 30, 2019 11:04:03 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
Half Year Results are not very far from being released


Maybe there is some bad news in there which when combined with the extra liquidity coming through might take the share price down to below par value Pray Pray Pray
Mark 12:29
Deuteronomy 4:16
AndyC
#322 Posted : Tuesday, July 30, 2019 12:06:35 PM
Rank: Member


Joined: 4/21/2015
Posts: 151
Among the consolidated bank bond investors.
VituVingiSana
#323 Posted : Tuesday, July 30, 2019 12:15:28 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
guru267 wrote:
Ericsson wrote:
Half Year Results are not very far from being released


Maybe there is some bad news in there which when combined with the extra liquidity coming through might take the share price down to below par value Pray Pray Pray
Good point. Kenya Re said they need to make efforts to improve their rating and that might involve additional write-offs of uncollectible premiums. Perhaps they are getting ready to adopt IFRS 9 among other standards.

On the other hand, the cyclones that hit Mozambique and Zambia will hurt Kenya Re and Zep re.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#324 Posted : Tuesday, July 30, 2019 12:52:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
AndyC wrote:
Among the consolidated bank bond investors.


This one will be paid off by KCB or any other bank that will acquire consolidated bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Superprime1
#325 Posted : Wednesday, July 31, 2019 6:22:18 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
VituVingiSana wrote:
Leo ni leo for the dividend!
Will the bonus shares be credited today too?

Has anyone received? Something seems amiss this time with Kenya Re; there's no clarity in communication...d'oh! d'oh!
Ebenyo
#326 Posted : Wednesday, July 31, 2019 9:13:17 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Superprime1 wrote:
VituVingiSana wrote:
Leo ni leo for the dividend!
Will the bonus shares be credited today too?

Has anyone received? Something seems amiss this time with Kenya Re; there's no clarity in communication...d'oh! d'oh!



Nothing yet.No bonus shares,No dividends yet.Today is the third day since initial day of 26th when it was supposed to settled.
Towards the goal of financial freedom
cyruskulei
#327 Posted : Thursday, August 01, 2019 9:21:03 AM
Rank: Member


Joined: 3/9/2010
Posts: 320
Location: kenya
Ebenyo wrote:
Superprime1 wrote:
VituVingiSana wrote:
Leo ni leo for the dividend!
Will the bonus shares be credited today too?

Has anyone received? Something seems amiss this time with Kenya Re; there's no clarity in communication...d'oh! d'oh!



Nothing yet.No bonus shares,No dividends yet.Today is the third day since initial day of 26th when it was supposed to settled.


I think they are converting to new currency notes. And i hear there is a shortage.Sad Sad Sad
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

Ebenyo
#328 Posted : Thursday, August 01, 2019 10:33:30 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
cyruskulei wrote:
Ebenyo wrote:
Superprime1 wrote:
VituVingiSana wrote:
Leo ni leo for the dividend!
Will the bonus shares be credited today too?

Has anyone received? Something seems amiss this time with Kenya Re; there's no clarity in communication...d'oh! d'oh!



Nothing yet.No bonus shares,No dividends yet.Today is the third day since initial day of 26th when it was supposed to settled.


I think they are converting to new currency notes. And i hear there is a shortage.Sad Sad Sad



Laughing out loudly Laughing out loudly
Towards the goal of financial freedom
Ericsson
#329 Posted : Thursday, August 01, 2019 5:19:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
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
VituVingiSana
#330 Posted : Friday, August 02, 2019 12:29:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
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/-
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#331 Posted : Friday, August 02, 2019 6:23:57 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,506
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

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ebenyo
#332 Posted : Friday, August 02, 2019 3:12:25 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
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
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...
VituVingiSana
#334 Posted : Friday, August 02, 2019 3:48:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
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
Ebenyo
#335 Posted : Friday, August 02, 2019 4:22:17 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
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
Ericsson
#336 Posted : Monday, August 05, 2019 10:05:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
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
Ericsson
#337 Posted : Monday, August 05, 2019 10:26:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
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
Ericsson
#338 Posted : Monday, August 05, 2019 10:59:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
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
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
Ericsson
#340 Posted : Tuesday, August 06, 2019 8:20:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
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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