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CIC Insurance 1H16
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Better than I expected "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,640 Location: NAIROBI
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Big big surprise from what I had expected. A significant reduction in net claims and policy holders benefits. A big hands up to CIC. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Ericsson wrote:Big big surprise from what I had expected.
A significant reduction in net claims and policy holders benefits.
A big hands up to CIC. For Cic first half always much better, hope the make eps o.12 in second half
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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factoring in the bonus how far is it from listing price The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Aguytrying wrote:factoring in the bonus how far is it from listing price Listing price 3.50 and 10% dilution makes 3.25
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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bartum wrote:Aguytrying wrote:factoring in the bonus how far is it from listing price Listing price 3.50 and 10% dilution makes 3.25 Thanks. I like this company you just know 1 day it will be at 20.00. currently trailing PE is now at 10 (eps 0.43 for 2015). but with plenty of room to grow given good first half. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Aguytrying wrote:bartum wrote:Aguytrying wrote:factoring in the bonus how far is it from listing price Listing price 3.50 and 10% dilution makes 3.25 Thanks. I like this company you just know 1 day it will be at 20.00. currently trailing PE is now at 10 (eps 0.43 for 2015). but with plenty of room to grow given good first half. Just like KQ one day it will strike 20/- John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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I visited a certain hospital, had a chat with with a guy in cash office, I told him I wanted to take medical insurance with my family with CIC, I was shocked when he said don't try that, he preffered jubilee or resolution insurance,
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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bartum wrote:I visited a certain hospital, had a chat with with a guy in cash office, I told him I wanted to take medical insurance with my family with CIC, I was shocked when he said don't try that, he preffered jubilee or resolution insurance, Sadly this is true. From a friend. Their medical insurance doesn't pay or takes too long. Remember the year they had a medical insurance loss. As a result some hospitals do not like dealing with them. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Aguytrying wrote:bartum wrote:I visited a certain hospital, had a chat with with a guy in cash office, I told him I wanted to take medical insurance with my family with CIC, I was shocked when he said don't try that, he preffered jubilee or resolution insurance, Sadly this is true. From a friend. Their medical insurance doesn't pay or takes too long. Remember the year they had a medical insurance loss. As a result some hospitals do not like dealing with them. A friend of mine lost a probox. She was denied compensation by CIC on flimsy argument that the driver was negligent. CIC is run like a kiosk! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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@maka 3.5 Bob coming soon In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,640 Location: NAIROBI
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The insurer expanded rapidly without putting the necessary systems for checks and balances to avoid fraud. Now is when they are putting them hence having problems with hospitals due to delayed payments. I would like to see their balance sheet as as half year 2016 to see that loss in other comprehensive income Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/26/2012 Posts: 280
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Anyone dealt with Saham Insurance in terms of their medical cover? Let's be our brothers' keeper. DOH
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ericsson wrote:The insurer expanded rapidly without putting the necessary systems for checks and balances to avoid fraud.
Now is when they are putting them hence having problems with hospitals due to delayed payments.
I would like to see their balance sheet as as half year 2016 to see that loss in other comprehensive income Interim results = scanty info  Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Bond Holders earnings on interest of 325M almost at par with shareholders net earnings of 367M. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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My cynical take on the report that said CiC "claims incurred declined by 26%...an indication of improvement of quality of business": sure claims incurred will decline if you are not honoring your commitments to pay claims. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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DBLyon wrote:My cynical take on the report that said CiC "claims incurred declined by 26%...an indication of improvement of quality of business": sure claims incurred will decline if you are not honoring your commitments to pay claims. ...yet the price will rise today. The information the common investor has access to is severely limited. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Elder Joined: 12/4/2009 Posts: 10,640 Location: NAIROBI
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The decline in investment income is due to low interest rate on government securities and decline in stock market value. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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