Not really...its actually the best report right now on insurance stocks in Kenya...print it and keep it somewhere...i have a copy myself...the thing its too critical...also you can not compare Britak to Jub because Britak is predominantly ordinary life while Jub is both life and general business...so let it be your referance
...Thanks for the support and keep reading.

The deal. That's precisely the point I have been making in my earlier posts. Get the IPO in the bag and BA's diversification problems are sorted.

In any case from your latest "insider" update, BA has now shed off quite a chunk of their stake in Equity. This has surprised me big time. I attended the Equity AGM and JM went to great pains to impress upon us that BA does not sell its stakes in Equity. Clearly this has now changed.

In any event it definitely improves the picture for BA in so far as the volatility of earnings esp. through changes in FVTP&L. Gross proceeds on this should be at least 3B with a good chunk of this being realized profits although I guess these will already have been reported as unrealised in H1 2010.

My earlier thoughts regarding going into BA speculatively still stand. But I intend to ride the wave exit and then re-enter. As stocksmaster has averred, there's a good chance of getting into this baby at below IPO price later on in the year.

Kudos @the deal. You are doing great. And thanks for your kind comments!

The prospectus is not even ready also how do you expect 1H numbers to be in the prospectus after 30 June was just yesterday and the IPO kicks off in 10 days..

BTW @the deal, both BA and Panafrican Insurance claim to be No. 1 in life insurance in Kenya. I have looked at the figures for both and I guess from a strict interpretation of the term Life Insurance, BA appears to be correct.

In 2010, BA wrote 2,674,360K in both ordinary and group life insurance. The balance of the premium income was made up of 1,659,068K in short term business.

On the other hand, PI had 1,697,407K in ordinary life premiums. Added onto this was a further 2,133,386K in superannuation (pension) business. PI had no short term business at all as it is a pure long term insurance player (if you ignore its "former" interests in APA).

My question, is could it be that some of BA's so called life insurance is actually pension related, given that they appear not to have any superannuation?