The shareholder funds equates to 4.8billion kshs.. Divide this by the 2.2billion shares and you get a NAV of 2.2bob.

This gives a price /book of 2.15

Thanks good info and fact the they are on target to meet projected premium income of 9B shows these guys are serious..

Great company. Only one listed with a combined ratio below 1.0.

However, I find it a tad expensive at a pe of 15. Then again...ur paying for quality.

Will definitely get in if it drops to a pe of 10 and below.....if that ever happens

No 2 Insurer in Kenya is impressive and is Only behind Jubilee (from a market share perspective). They will potentially glide past in next few years as they have a wider base to tap into.

Buy Kenya re at below 10bob at a forward P/E of 2.5, a dividend yield of 6% and a price to book of 0.5...

I highly doubt any other insurance company will beat these potential returns

@guru bought kenre yesterday at 9.60. But this does look quite tempting. Now this is a true underwriting profit.

CIC @ current price of 4.30 is tempting

@guru. I agree.
I think New listings are harder to judge and more unpredictable.They tend to come down back to earth after a few years.

CiC is a VERY good company with a lot of potential. However right now it is too EXPENSIVE.

Surely even with all the growth potential(unless it will be like equity bank or ARM), what can justify it to trade at a pe of 15.00 as an insurance company or actually as any company in the current environment?
Either one of three scenarios will playout. Either CiC will be come down to near the value of its peers, or its peers will come up to near the value of CiC or it will go the ARM, EQTY,SCAN way but this is least likely.

CIC come baby come baby come down and closer