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CIC Insurance Group Plc's FY 2018

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Superprime1		#1 Posted : Thursday, March 14, 2019 6:19:48 PM
Rank: Member Joined: 5/2/2018 Posts: 267		Gross written premiums up 11.7% to Sh16.63bn Total income up 9.5% to Sh17.08bn Total expenses up 7.7% to Sh16.24bn PBT up 64% to Sh851.62m Net profit up 30.7% to Sh625.36m First and final dividend of Sh0.13/share, up 8.3% from Sh0.12/share for FY 2017
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mlennyma		#2 Posted : Thursday, March 14, 2019 6:27:18 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Superprime1 wrote: Gross written premiums up 11.7% to Sh16.63bn Total income up 9.5% to Sh17.08bn Total expenses up 7.7% to Sh16.24bn PBT up 64% to Sh851.62m Net profit up 30.7% to Sh625.36m First and final dividend of Sh0.13/share, up 8.3% from Sh0.12/share for FY 2017 Among the poorest dividends "Don't let the fear of losing be greater than the excitement of winning."
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Ericsson		#3 Posted : Thursday, March 14, 2019 7:01:12 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		mlennyma wrote: Superprime1 wrote: Gross written premiums up 11.7% to Sh16.63bn Total income up 9.5% to Sh17.08bn Total expenses up 7.7% to Sh16.24bn PBT up 64% to Sh851.62m Net profit up 30.7% to Sh625.36m First and final dividend of Sh0.13/share, up 8.3% from Sh0.12/share for FY 2017 Among the poorest dividends Don't blame the dividend per share. Look at the number of issued shares. Look at the earnings per share. Look at the total amount of dividend as a percentage of the profit after tax Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Superprime1		#4 Posted : Thursday, March 14, 2019 8:39:17 PM
Rank: Member Joined: 5/2/2018 Posts: 267		Ericsson wrote: mlennyma wrote: Superprime1 wrote: Gross written premiums up 11.7% to Sh16.63bn Total income up 9.5% to Sh17.08bn Total expenses up 7.7% to Sh16.24bn PBT up 64% to Sh851.62m Net profit up 30.7% to Sh625.36m First and final dividend of Sh0.13/share, up 8.3% from Sh0.12/share for FY 2017 Among the poorest dividends Don't blame the dividend per share. Look at the number of issued shares. Look at the earnings per share. Look at the total amount of dividend as a percentage of the profit after tax CIC's proposed div payout stands at 54%; 2017 FY payout was about 65%. The payout is good; it's profitability that's the problem. To pay better dividends, the insurer's net profit should be playing in the billions range, not millions, considering the capital employed. The return on equity is about 7.9%... return on assets at about 1.9%...
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Pesa Nane		#5 Posted : Thursday, March 14, 2019 9:23:29 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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Ericsson		#6 Posted : Thursday, March 14, 2019 11:29:54 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Pesa Nane wrote: Balance sheet and cashflow statement Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#7 Posted : Thursday, March 14, 2019 11:37:11 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Pesa Nane wrote: Second Half 2018 must have been really tough if I compare Full year 2018 with Half Year https://i.imgur.com/OTlrlNP.jpg Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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cyruskulei		#8 Posted : Friday, March 15, 2019 9:46:02 AM
Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya		Ericsson wrote: Pesa Nane wrote: Second Half 2018 must have been really tough if I compare Full year 2018 with Half Year https://i.imgur.com/OTlrlNP.jpg Is there material announcement for this counter today? Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Ericsson		#9 Posted : Friday, March 15, 2019 10:49:29 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		cyruskulei wrote: Ericsson wrote: Pesa Nane wrote: Second Half 2018 must have been really tough if I compare Full year 2018 with Half Year https://i.imgur.com/OTlrlNP.jpg Is there material announcement for this counter today? I see no significant change in share price Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#10 Posted : Friday, March 15, 2019 12:12:46 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		As a group we have continued to focus more on underwriting profit – not investment income” said the MD Tom Gitogo Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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