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CIC 1H13 profit growth slow to 4% as claims bite
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mwekez@ji
#1 Posted : Wednesday, July 31, 2013 10:51:44 AM
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mwekez@ji
#2 Posted : Wednesday, July 31, 2013 10:57:11 AM
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Claims rose a worrying 41%
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mwekez@ji
#3 Posted : Wednesday, July 31, 2013 11:44:38 AM
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Gross earned premium jumped 31.8% y/y, though gross written premiums witnessed slower growth at 16.8%, indicating previously written business became earned during the period.
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mlennyma
#4 Posted : Wednesday, July 31, 2013 12:04:59 PM
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Was cic not in the political risk cover boom?
"Don't let the fear of losing be greater than the excitement of winning."
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mwekez@ji
#5 Posted : Wednesday, July 31, 2013 12:22:01 PM
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In January, they informed us of buying 417 acres at Isinya (Kajiado) valued at approximately KES 723M. However, current cashflow statement shows purchase of investment property at KES 1B. Is this in regard to just the Isinya property or they also bought more
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mwekez@ji
#6 Posted : Wednesday, July 31, 2013 12:24:23 PM
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mlennyma wrote:
Was cic not in the political risk cover boom?
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dunkang
#7 Posted : Wednesday, July 31, 2013 12:54:49 PM
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mwekez@ji wrote:
In January, they informed us of buying 417 acres at Isinya (Kajiado) valued at approximately KES 723M. However, current cashflow statement shows purchase of investment property at KES 1B. Is this in regard to just the Isinya property or they also bought more

Did the 723M include legal fees, directors site visit allowances, land valuers fees, Ardhi House bribes etc etc?
Receive with simplicity everything that happens to you.” ― Rashi

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mwekez@ji
#8 Posted : Friday, October 04, 2013 9:29:21 AM
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CIC Insurance chief makes first share sale since listing >>> http://www.businessdailyafrica....16/-/jcfs6e/-/index.html
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Ericsson
#9 Posted : Friday, October 04, 2013 2:06:17 PM
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CIC has laid a good foundation for its growth;now what needs to be done is consolidation like the opening of subsidiaries in Malawi,Tanzania,Uganda and South Sudan.
Also the huge parcels of land they acquired real estate projects are to be developed in the near future.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#10 Posted : Tuesday, November 26, 2013 12:21:39 PM
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Share is rallying at an all time high.Any positive news on the counter like an acquisition
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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SittingPretty
#11 Posted : Tuesday, November 26, 2013 12:29:44 PM
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Joined: 2/16/2013
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I have a fear for Insurance counters I never seem to shake it.
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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maka
#12 Posted : Thursday, January 23, 2014 7:00:43 AM
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SittingPretty wrote:
I have a fear for Insurance counters I never seem to shake it.

I hope you got some few....smile
possunt quia posse videntur
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