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Kenya Re HY16
Rank: Member Joined: 1/13/2014 Posts: 378 Location: Denmark
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sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Significant supply at 25 25 trade yet to print Now at 21. Kenre goes to Nepal and reinsures over 10 companies in the same market against earthquakes! BOOM an earthquake happened and KES 450m needs to be paid up. Intelligent management?? You can add JKIA fire. One company's business is reinsurance. It reinsurance a risk and actually pays when risk materialises. Another company's business is flying but it can't fly. Management think they can make money by selling plots and operating matatus. Haha what a counter attack.. Seeing is believing
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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jawgey wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Significant supply at 25 25 trade yet to print Now at 21. Kenre goes to Nepal and reinsures over 10 companies in the same market against earthquakes! BOOM an earthquake happened and KES 450m needs to be paid up. Intelligent management?? You can add JKIA fire. One company's business is reinsurance. It reinsurance a risk and actually pays when risk materialises. Another company's business is flying but it can't fly. Management think they can make money by selling plots and operating matatus. Haha what a counter attack.. LOL.. Hii mwaka mtajiju
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:jawgey wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Significant supply at 25 25 trade yet to print Now at 21. Kenre goes to Nepal and reinsures over 10 companies in the same market against earthquakes! BOOM an earthquake happened and KES 450m needs to be paid up. Intelligent management?? You can add JKIA fire. One company's business is reinsurance. It reinsurance a risk and actually pays when risk materialises. Another company's business is flying but it can't fly. Management think they can make money by selling plots and operating matatus. Haha what a counter attack.. LOL.. Hii mwaka mtajiju Two k brothers out competing one another.kq went international with project mawingu, fired forex losses, repatriation losses etc. Kenre bumped on seisimal graph of Nepal and found out how to go belly up in style. Kaboom, earth quake quakes. Umm! Anyway nimwaka wa swearing political allegiance and better sit pretty coz its turbulent all the way to 2017. ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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muandiwambeu wrote:obiero wrote:jawgey wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Significant supply at 25 25 trade yet to print Now at 21. Kenre goes to Nepal and reinsures over 10 companies in the same market against earthquakes! BOOM an earthquake happened and KES 450m needs to be paid up. Intelligent management?? You can add JKIA fire. One company's business is reinsurance. It reinsurance a risk and actually pays when risk materialises. Another company's business is flying but it can't fly. Management think they can make money by selling plots and operating matatus. Haha what a counter attack.. LOL.. Hii mwaka mtajiju Two k brothers out competing one another.kq went international with project mawingu, fired forex losses, repatriation losses etc. Kenre bumped on seisimal graph of Nepal and found out how to go belly up in style. Kaboom, earth quake quakes. Umm! Anyway nimwaka wa swearing political allegiance and better sit pretty coz its turbulent all the way to 2017. kenre is better than kq. Towards the goal of financial freedom
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ebenyo wrote:muandiwambeu wrote:obiero wrote:jawgey wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Significant supply at 25 25 trade yet to print Now at 21. Kenre goes to Nepal and reinsures over 10 companies in the same market against earthquakes! BOOM an earthquake happened and KES 450m needs to be paid up. Intelligent management?? You can add JKIA fire. One company's business is reinsurance. It reinsurance a risk and actually pays when risk materialises. Another company's business is flying but it can't fly. Management think they can make money by selling plots and operating matatus. Haha what a counter attack.. LOL.. Hii mwaka mtajiju Two k brothers out competing one another.kq went international with project mawingu, fired forex losses, repatriation losses etc. Kenre bumped on seisimal graph of Nepal and found out how to go belly up in style. Kaboom, earth quake quakes. Umm! Anyway nimwaka wa swearing political allegiance and better sit pretty coz its turbulent all the way to 2017. kenre is better than kq. Ofcoarse, that's undisputed. With a record breaking all time loss of over 30beees  , that's not arguable. But kenre is devising easier, faster and quicker styles, to outshine kq lately. Sooner, and with practice, perfection will be mastered, and its will be no more questions, as for who will be making perturbing losses. ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Significant supply at 25 25 trade yet to print Now at 21. Kenre goes to Nepal and reinsures over 10 companies in the same market against earthquakes! BOOM an earthquake happened and KES 450m needs to be paid up. Intelligent management?? You can add JKIA fire. One company's business is reinsurance. It reinsurance a risk and actually pays when risk materialises. Another company's business is flying but it can't fly. Management think they can make money by selling plots and operating matatus. BOOM😈😈😈 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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@Ebenyo let's enjoy the ride with KenRe which hasn't made a loss in 5 years unlike KQ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Leave Obiero alone he is posting historical events to try and instill fear. that earthquake in Nepal happened in 2015 and kenya re booked the reinsurance risk and compensation in FY2015. 2016 there was no earthquake so nothing to fear about. Those Obiero signs are of one who has runout of ideas Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:Leave Obiero alone
he is posting historical events to try and instill fear.
that earthquake in Nepal happened in 2015 and kenya re booked the reinsurance risk and compensation in FY2015.
2016 there was no earthquake so nothing to fear about.
Those Obiero signs are of one who has runout of ideas An earthquake could occur as we type.. Hii biashara ni kama sportpesa
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:Ericsson wrote:Leave Obiero alone
he is posting historical events to try and instill fear.
that earthquake in Nepal happened in 2015 and kenya re booked the reinsurance risk and compensation in FY2015.
2016 there was no earthquake so nothing to fear about.
Those Obiero signs are of one who has runout of ideas An earthquake could occur as we type.. Hii biashara ni kama sportpesa Shares an active volcanic belt with Himalayas. Its just a matter of when not if. Hapo @obiero tunakubaliana sako kwa tako.  ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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muandiwambeu wrote:obiero wrote:Ericsson wrote:Leave Obiero alone
he is posting historical events to try and instill fear.
that earthquake in Nepal happened in 2015 and kenya re booked the reinsurance risk and compensation in FY2015.
2016 there was no earthquake so nothing to fear about.
Those Obiero signs are of one who has runout of ideas An earthquake could occur as we type.. Hii biashara ni kama sportpesa Shares an active volcanic belt with Himalayas. Its just a matter of when not if. Hapo @obiero tunakubaliana sako kwa tako.  . What active volcanic belt? Do teach us some geology... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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VituVingiSana wrote:@Ebenyo let's enjoy the ride with KenRe which hasn't made a loss in 5 years unlike KQ i concur with you @vvs.I will be loading more before results announcement. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Insurers offering life policies are set to post higher 2016 full-year profits boosted by a change in the regulatory requirement in accounting for liabilities. Some of the revisions have been prompted by the Insurance Regulatory Authority’s (IRA) requirement that all life insurers should prepare their 2016 full-year accounts based on the gross premium valuation (GPV), which analysts say is less conservative compared to the previous net premium valuation (NPV). http://www.businessdaily...19734-ff8j47/index.html
Double digit profit growth in FY2016 compared to FY2015. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Ericsson wrote: Insurers offering life policies are set to post higher 2016 full-year profits boosted by a change in the regulatory requirement in accounting for liabilities. Some of the revisions have been prompted by the Insurance Regulatory Authority’s (IRA) requirement that all life insurers should prepare their 2016 full-year accounts based on the gross premium valuation (GPV), which analysts say is less conservative compared to the previous net premium valuation (NPV). http://www.businessdaily...19734-ff8j47/index.html
Double digit profit growth in FY2016 compared to FY2015. GPV is more precise so a good thing. But in a situation where the company doesn't have a good actuarial and FP&A talent it can cause shareholders headaches in the future when they are forced to unlock assumptions. Investment philosophy development in progress...
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote: Insurers offering life policies are set to post higher 2016 full-year profits boosted by a change in the regulatory requirement in accounting for liabilities. Some of the revisions have been prompted by the Insurance Regulatory Authority’s (IRA) requirement that all life insurers should prepare their 2016 full-year accounts based on the gross premium valuation (GPV), which analysts say is less conservative compared to the previous net premium valuation (NPV). http://www.businessdaily...19734-ff8j47/index.html
Double digit profit growth in FY2016 compared to FY2015. This is exactly why investors should pay close attention to the cashflow statement. Life is short. Live passionately.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Ericsson wrote: Insurers offering life policies are set to post higher 2016 full-year profits boosted by a change in the regulatory requirement in accounting for liabilities. Some of the revisions have been prompted by the Insurance Regulatory Authority’s (IRA) requirement that all life insurers should prepare their 2016 full-year accounts based on the gross premium valuation (GPV), which analysts say is less conservative compared to the previous net premium valuation (NPV). http://www.businessdaily...19734-ff8j47/index.html
Double digit profit growth in FY2016 compared to FY2015. The 2015 accounts must equally be restated using GPV standard so that a comparison is on apple to apple basis. This I believe is an IFRS principle so as to isolate the real performance from impact of standard change per se. 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: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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sparkly wrote:Ericsson wrote: Insurers offering life policies are set to post higher 2016 full-year profits boosted by a change in the regulatory requirement in accounting for liabilities. Some of the revisions have been prompted by the Insurance Regulatory Authority’s (IRA) requirement that all life insurers should prepare their 2016 full-year accounts based on the gross premium valuation (GPV), which analysts say is less conservative compared to the previous net premium valuation (NPV). http://www.businessdaily...19734-ff8j47/index.html
Double digit profit growth in FY2016 compared to FY2015. This is exactly why investors should pay close attention to the cashflow statement. Not always. Insurance firms face the risk of making/paying large claims due to events. According to WB, it is not the risk of paying claims but the size and pricing that's the risk. WB doesn't favor or avoids markets where pricing isn't commensurate with the risk taken on. As long as KenRe prices risk at a fair price then it will be OK over time. Insurance firms aren't expected to make money from premiums but investment of the float. KenRe has a unique opportunity to buy assets on the cheap. Shares in good and cheap firms. Bonds offering 13%. This is a long-term investment for me. A classic WB play. Not flashy just steady. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Huge volumes of 2.7mn shares traded today. Full year results are about to be announced Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Hoping for good news tomorrow. Share hit 20.75 today
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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After a lot of back and forth between Arm, KCB (have enough of those for now will prolly load up later) and Kenya Re, I finally got in today here. Hopefully results dont disappoint although had read somewhere that AM Best had reviewed this to a Negative recently
Seems quite undervalued. Just hope this is not a value trap
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