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Jubilee Holdings FY18
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Pesa Nane
#1 Posted : Monday, April 29, 2019 4:23:36 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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Pesa Nane
#2 Posted : Monday, April 29, 2019 4:29:05 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
At a glance
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#3 Posted : Monday, April 29, 2019 4:51:45 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Final Div Kshs 8.00

Payable 25 July 19
Closure 25 June 19
Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#4 Posted : Monday, April 29, 2019 8:03:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Pesa Nane wrote:
At a glance

Quality.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#5 Posted : Monday, April 29, 2019 9:03:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
JHL’s overall GWP increased to KShs 34.8 billion (2017 – KShs 33.8 billion), whilst pre-tax profit increased 4.8% to KShs 5.41 billion (2017 – KShs 5.16 billion), supported by a strong contribution from insurance results at KShs 2.9 billion (2017 – KShs 2.7 billion).

The Group’s total assets increased by 9% to KShs 114 billion from KShs 105 billion and total shareholders’ equity and reserves increased 11% from KShs 23.6 billion to KShs 26.1 billion

JHL’s long term business posted a growth of 2% to KShs 14 Billion, which included Individual Life growth of 19% as the Group continues to implement the strategy to increase insurance penetration, particularly in Uganda and Tanzania

Jubilee Holdings Limited maintained its regional market leadership in medical business and posted a growth of 4% from KShs 9.5 billion to KShs 9.9 billion, with underwriting profit of KShs 753 million (2017: KShs 878 million

JHL’s underwriting profits grew by 14% to KShs 609 million from KShs 534 million with strong contributions from the Uganda, Tanzania and Burundi operations.

During the year, the Boards of JHL and Jubilee Insurance Kenya approved the split of the Kenya subsidiary into three separate companies specializing in Medical, General and Life businesses respectively

Jubilee Holdings Board has declared a final dividend of Ksh 8.00 per share for a combined interim and final dividend of Ksh 9.00 per share.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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young
#6 Posted : Monday, April 29, 2019 9:35:35 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Ericsson wrote:
JHL’s overall GWP increased to KShs 34.8 billion (2017 – KShs 33.8 billion), whilst pre-tax profit increased 4.8% to KShs 5.41 billion (2017 – KShs 5.16 billion), supported by a strong contribution from insurance results at KShs 2.9 billion (2017 – KShs 2.7 billion).

The Group’s total assets increased by 9% to KShs 114 billion from KShs 105 billion and total shareholders’ equity and reserves increased 11% from KShs 23.6 billion to KShs 26.1 billion

JHL’s long term business posted a growth of 2% to KShs 14 Billion, which included Individual Life growth of 19% as the Group continues to implement the strategy to increase insurance penetration, particularly in Uganda and Tanzania

Jubilee Holdings Limited maintained its regional market leadership in medical business and posted a growth of 4% from KShs 9.5 billion to KShs 9.9 billion, with underwriting profit of KShs 753 million (2017: KShs 878 million

JHL’s underwriting profits grew by 14% to KShs 609 million from KShs 534 million with strong contributions from the Uganda, Tanzania and Burundi operations.

During the year, the Boards of JHL and Jubilee Insurance Kenya approved the split of the Kenya subsidiary into three separate companies specializing in Medical, General and Life businesses respectively

Jubilee Holdings Board has declared a final dividend of Ksh 8.00 per share for a combined interim and final dividend of Ksh 9.00 per share.




@Ericsson, your forecast on reporting dates are correct and precise.
This time around JHL did not give 1:10 bonus. Final dividend of 8.00 Bob was expected .

Next and final earning report for blue chips within H1 2019 is safaricom which you earlier reported is for Fri 3rd May.
The trivial return is 1.20 Bob dividend minimum.


EABL FY19 ending June is within August 2019 to fully complete the cycle.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Monday, April 29, 2019 10:01 PM | Reason: Not specified
the deal
#7 Posted : Monday, April 29, 2019 10:20:16 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Good results given how brutal 2018 was....I was expecting a drop in profits due to the steep drop in NMG share price...

My few concerns

1. Double digit drop in total income is not a good sign although this could be due to steep drop in NMG share price in 2018...full provisions for ARM? KQ?..TPS Serena didn't perform that well either...is competition catching up? Is it starting to affect top line growth...

2. Steep drop in claims...improved underwriting or management just trying to massage results? Let's see going forward...
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  | | Edit by user: Monday, April 29, 2019 10:21 PM | Reason: Not specified
Ericsson
#8 Posted : Tuesday, April 30, 2019 11:07:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
the deal wrote:
Good results given how brutal 2018 was....I was expecting a drop in profits due to the steep drop in NMG share price...

My few concerns

1. Double digit drop in total income is not a good sign although this could be due to steep drop in NMG share price in 2018...full provisions for ARM? KQ?..TPS Serena didn't perform that well either...is competition catching up? Is it starting to affect top line growth...

2. Steep drop in claims...improved underwriting or management just trying to massage results? Let's see going forward...



Jubilee Insurance posts flat profit on drop in premiums
Jubilee Holdings has failed to grow its profit for the first time in 12 years, slowed by a decline in earned premiums as expenses shot up in the financial year ended December 2018.

Total income dropped by 10.4 percent to Sh28 billion driven by 9.8 percent decline in gross earned premiums to Sh26.7 billion.

However, operating profits rose by 4.8 percent to Sh5.41 billion, supported by a strong contribution from insurance results at Sh2.9 billion against Sh2.7 billion the previous year.

https://www.businessdail...93326-hr28tkz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#9 Posted : Tuesday, April 30, 2019 12:13:35 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
JHL’s overall GWP increased to KShs 34.8 billion (2017 – KShs 33.8 billion), whilst pre-tax profit increased 4.8% to KShs 5.41 billion (2017 – KShs 5.16 billion), supported by a strong contribution from insurance results at KShs 2.9 billion (2017 – KShs 2.7 billion).

The Group’s total assets increased by 9% to KShs 114 billion from KShs 105 billion and total shareholders’ equity and reserves increased 11% from KShs 23.6 billion to KShs 26.1 billion

JHL’s long term business posted a growth of 2% to KShs 14 Billion, which included Individual Life growth of 19% as the Group continues to implement the strategy to increase insurance penetration, particularly in Uganda and Tanzania

Jubilee Holdings Limited maintained its regional market leadership in medical business and posted a growth of 4% from KShs 9.5 billion to KShs 9.9 billion, with underwriting profit of KShs 753 million (2017: KShs 878 million

JHL’s underwriting profits grew by 14% to KShs 609 million from KShs 534 million with strong contributions from the Uganda, Tanzania and Burundi operations.

During the year, the Boards of JHL and Jubilee Insurance Kenya approved the split of the Kenya subsidiary into three separate companies specializing in Medical, General and Life businesses respectively

Jubilee Holdings Board has declared a final dividend of Ksh 8.00 per share for a combined interim and final dividend of Ksh 9.00 per share.




Good management pays dividend whether there is growth in profits or not.
Towards the goal of financial freedom
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Ericsson
#10 Posted : Wednesday, May 01, 2019 7:54:17 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
JHL’s overall GWP increased to KShs 34.8 billion (2017 – KShs 33.8 billion), whilst pre-tax profit increased 4.8% to KShs 5.41 billion (2017 – KShs 5.16 billion), supported by a strong contribution from insurance results at KShs 2.9 billion (2017 – KShs 2.7 billion).

The Group’s total assets increased by 9% to KShs 114 billion from KShs 105 billion and total shareholders’ equity and reserves increased 11% from KShs 23.6 billion to KShs 26.1 billion

JHL’s long term business posted a growth of 2% to KShs 14 Billion, which included Individual Life growth of 19% as the Group continues to implement the strategy to increase insurance penetration, particularly in Uganda and Tanzania

Jubilee Holdings Limited maintained its regional market leadership in medical business and posted a growth of 4% from KShs 9.5 billion to KShs 9.9 billion, with underwriting profit of KShs 753 million (2017: KShs 878 million

JHL’s underwriting profits grew by 14% to KShs 609 million from KShs 534 million with strong contributions from the Uganda, Tanzania and Burundi operations.

During the year, the Boards of JHL and Jubilee Insurance Kenya approved the split of the Kenya subsidiary into three separate companies specializing in Medical, General and Life businesses respectively

Jubilee Holdings Board has declared a final dividend of Ksh 8.00 per share for a combined interim and final dividend of Ksh 9.00 per share.




Good management pays dividend whether there is growth in profits or not.

The dividend is to boost share price.If you look at the total amount of money been paid as dividends as compared to the profits,its peanuts.
Meanwhile this year project another decline in earned premiums
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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