It has just popped up - oh my Wamae.

No wonder it took so long. Will the constant 0.30/- dividend assuage investor's pain? Surprisingly, detail shows culprits were:
- fair value losses on investments, negating 40% growth in premiums
- 32% growth in insurance claim expenses
- 45% growth in operating expenses

Finance costs jumped from ksh.350mn to 802mn.
The company is heavily reliant on its two major portfolios of Equity Bank and Housing Finance whose share prices have suffered a beating.
If it had good diversification like Jubilee,UAP and Pan African Holdings a loss would have been avoided.
If u look at the retained earnings in the balance sheet it's at the margins ksh.2.2bn compared to its peers who have much smaller business and balance sheet size and their retained earnings are much bigger.
In summary the company's financial performance poor.New strategy is needed
This company financial results swings is playing russian roulette

you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years

I am not so sure. Price has already taken a huge hit over the past year. The bad news has already been priced in and today's results didn't have any big surprises. We all knew the losses on the listed equities would be there. I still think this counter is a good buy at these prices.