FY results are being released when @vvs?

Should be 2021.

Kenya Re recorded a 32% drop in pre-tax profit, to record Ksh. 3.104 billion profit before tax compared to Ksh. 4.558 billion the year 2017. Profit after tax declined by 36% from ksh 3.577 billion to ksh 2.278 billion. "

Profits decline is due to 64% profits drop of the investment in Zep Re, Increase in claims reserves, Forex loss in Sudan due to currency devaluation and lower investment property value appreciation.

FY Gross premiums written 14.838393b vs. 14.827296b +0.075%
FY Less retrocession premiums [823.408m] vs. [547.481m] -50.399%
FY Net earned premiums 14.205976b vs. 13.679576b +3.848%
FY Investment income 3.386177b vs. 3.165314b +6.978%
FY Fair value gains on revaluation of investment properties 397.211m vs. 672.077m -40.898%
FY Total income 18.266334m vs. 18.189734b +0.421%
FY Gross claims incurred and policyholder benefits [9.456217b] vs. [8.110686b] +16.590%
FY Reinsurer share of claims and policyholder benefits 625.967m vs. 512.144m +22.225%
FY Net claims and benefits [8.830250b] vs. [7.598542b] +16.210%
FY Cedant acquisition costs [3.890255b] vs. [3.928700b] -0.979%
FY Operating and other expenses [2.019834b] vs. [1.709036b] +18.186%
FY Provision for doubtful debts [424.145m] vs. [394.905m] +7.404%
FY Total claims, benefits and other expenses [15.164484b] vs. [13.631183b] +11.248%
FY Profit before tax 3.101850b vs. 4.558551b -31.955%
FY Profit for the year 2.278282b vs. 3.577340b -36.314%
EPS (Basic and diluted) 3.25 vs. 5.11 -36.399%
Dividend per share 0.45 vs. 0.85 -17.059%
Total Equity 28.373033b vs. 27.205084b +4.293%
Government securities 14.314752b vs. 14.562840b -1.704%
Total Assets 44.362634b vs. 42.732667b +3.814%
Cash and cash equivalents at 31st December 5.797260b vs. 3.635590b +59.459%

Waah but at least it's a profit.

Good perfomance does not excite the stock, adverse perfomance massacres it. I feell trapped.

@VVS say something.

Open offer is it still on the pipeline?

..

Since the management dramas, I have keeping an eye on it.

#TukoPamoja

https://www.businessdail...65108-g2yuf7/index.html

The anti-corruption court has slapped a former director of Kenya Reinsurance Corporation (Kenya Re) with a fine of Sh15.2 million after was found guilty of stealing Sh7.26 million.

Mr Johnson Jackson Githaka is also staring at a two-year jail term in case he fails to pay the fine.

The court found that Mr Githaka fraudulently obtained Sh7.26 million paid by United Insurance Corporation to Kenya Re.

He should return the 7.26 million to kenyare and the balance to courts.that will be fair.