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Jubilee Holdings results FY2010 profit jumps 84 pct
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the deal
#81 Posted : Monday, May 16, 2011 11:28:11 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Merchant Britak vs JuB one on one its a landslide in favour of Britak...Britak boosts a combined ratio of 65% vs JuB's over 100%..the combined ratio is the main measure used to evaluate how profitable an insurance firm...if its above 100% it shows that the company is paying out(claims) more than its retaining(earned premiums)
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The Merchant
#82 Posted : Tuesday, May 17, 2011 11:50:59 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
the deal wrote:
@Merchant Britak vs JuB one on one its a landslide in favour of Britak...Britak boosts a combined ratio of 65% vs JuB's over 100%..the combined ratio is the main measure used to evaluate how profitable an insurance firm...if its above 100% it shows that the company is paying out(claims) more than its retaining(earned premiums)

Oh my!! So Jubilee is losing millions through its insurance business. It seems to be investing very well though. Do you have Jubilee financial statements for like 3 years back? I would like to see whether this underwriting loss is the norm or whether its a one off thing. The statements from their site are quite shallow.Sad I had really fallen in love with this stock and my heart is nearly braeking so I want fool proof proof!!Sad Sad
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The Merchant
#83 Posted : Tuesday, May 17, 2011 11:54:21 AM
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Joined: 5/24/2010
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Location: KENYA
Its sister DTB on the other hand is the new star in the market...
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Aguytrying
#84 Posted : Tuesday, May 17, 2011 2:03:33 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
The Merchant wrote:
Its sister DTB on the other hand is the new star in the market...

yeah. Ha ha. This momentum towards book closure is very much welcome. smilesmile.
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#85 Posted : Tuesday, May 17, 2011 2:49:39 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
jubilees profit growth is sustainable especially since they will have new income streams in 2011...
plus i would not read much into the underwriting loss because it has been making a profit in previous years
Mark 12:29
Deuteronomy 4:16
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The Merchant
#86 Posted : Tuesday, May 17, 2011 3:39:57 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
guru267 wrote:
jubilees profit growth is sustainable especially since they will have new income streams in 2011...
plus i would not read much into the underwriting loss because it has been making a profit in previous years

Aaaah, so it is a one off underwriting loss.smile
What other streams of income in 2011 do you speak of @guru. Illuminate me.
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VituVingiSana
#87 Posted : Tuesday, May 17, 2011 9:47:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Warren Buffett of Berkshire Hathaway does NOT generally expect underwriting profits [but is happy to have them!] but he wants the cheap float insurance provides...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#88 Posted : Wednesday, June 01, 2011 11:07:14 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
deal, did Jubilee make an underwriting profit or loss? guru is talking about an underwriting loss while in your blog you mention "Underwriting profits increased by 42 percent to 523 million shillings in 2010".
GOD BLESS YOUR LIFE
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the deal
#89 Posted : Wednesday, June 01, 2011 11:25:45 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
youcan'tstopusnow wrote:
deal, did Jubilee make an underwriting profit or loss? guru is talking about an underwriting loss while in your blog you mention "Underwriting profits increased by 42 percent to 523 million shillings in 2010".

When i did that post i didn't have the results at hand...so i just copy and pasted what reuters said..but yes the Insurance business is no good...just like all micro insurers in Kenya.smile smile
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youcan'tstopusnow
#90 Posted : Wednesday, June 01, 2011 11:27:21 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
the deal wrote:
youcan'tstopusnow wrote:
deal, did Jubilee make an underwriting profit or loss? guru is talking about an underwriting loss while in your blog you mention "Underwriting profits increased by 42 percent to 523 million shillings in 2010".

When i did that post i didn't have the results at hand...so i just copy and pasted what reuters said..but yes the Insurance business is no good...just like all micro insurers in Kenya.smile smile

What's the exact figure
GOD BLESS YOUR LIFE
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