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Kenya Re HY16
VituVingiSana
#91 Posted : Monday, January 16, 2017 9:31:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
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.d'oh! d'oh! d'oh!

Liar Liar Liar. What active volcanic belt? Do teach us some geology...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#92 Posted : Monday, January 16, 2017 11:09:49 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
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
Ericsson
#93 Posted : Monday, February 20, 2017 1:07:42 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
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
alotoftalk
#94 Posted : Monday, February 20, 2017 5:28:55 AM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
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...
sparkly
#95 Posted : Monday, February 20, 2017 7:41:25 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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.
Gatheuzi
#96 Posted : Monday, February 20, 2017 7:44:24 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
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.
VituVingiSana
#97 Posted : Monday, February 20, 2017 9:28:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
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
Ericsson
#98 Posted : Thursday, March 23, 2017 12:07:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
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
Shak
#99 Posted : Wednesday, March 29, 2017 6:14:53 PM
Rank: Elder

Joined: 2/22/2009
Posts: 2,449
Location: Africa
Hoping for good news tomorrow. Share hit 20.75 today
Horton
#100 Posted : Wednesday, March 29, 2017 6:33:14 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
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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