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Sanlam Kenya
2012
#1 Posted : Tuesday, March 05, 2019 9:17:26 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Did this Sanlam just report a loss of Ksh 2b?!

BBI will solve it
:)
Ericsson
#2 Posted : Tuesday, March 05, 2019 9:21:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
2012 wrote:
Did this Sanlam just report a loss of Ksh 2b?!


Where paste link here.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Mastermind
#3 Posted : Tuesday, March 05, 2019 9:56:16 AM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
Ericsson wrote:
2012 wrote:
Did this Sanlam just report a loss of Ksh 2b?!


Where paste link here.


Magazetini and there is a thread http://wazua.co.ke/forum...s&t=37324#post864379
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
Ericsson
#4 Posted : Friday, February 21, 2020 10:22:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Sanlam FY19
SANLAM FY19

Net earned premium +5.1% to Sh5.6bn

Total income +50% to Sh8.9bn, mainly on FV losses reducing from -Sh1.9bn to a gain of Sh422m.

FY18 v. FY19

Claims ratio 95% v. 86%

Expense ratio 54% v. 62%

Combined ratio 150% v. 148%

While PBT improved to Sh550m from a loss of Sh2bn, the tax rate was a whopping 79% with no explanation given. As a result, EPS was just Sh0.79 from a whopping -Sh14.01 in FY18.

Total assets remained largely flat at Sh29bn. Book value is Sh12 & share likely to trade BELOW THAT.
Cash resources at the end of the period collapsed by 55% to Sh1.195bn due to loan repayments & increased investing activities.

Despite loan repayments of Sh1bn, total liabilities decreased by slightly above Sh200m, which is pretty insignificant.

https://pbs.twimg.com/me...rmat=jpg&name=large

https://pbs.twimg.com/me...mat=jpg&name=medium

https://pbs.twimg.com/me...rmat=jpg&name=large

https://pbs.twimg.com/me...rmat=jpg&name=large

https://pbs.twimg.com/me...mat=jpg&name=medium

https://pbs.twimg.com/me...ormat=jpg&name=large
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#5 Posted : Friday, February 21, 2020 11:12:32 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
investment income- kshs 2,350,289,000.
Net claims and policy holders benefits- kshs 4,836,423,000


If they work hard at increasing their investment income,they will make enough to clear claims and policy holders benefits hence increase their net profit.
Towards the goal of financial freedom
Angelica _ann
#6 Posted : Monday, February 24, 2020 10:35:37 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ebenyo wrote:
investment income- kshs 2,350,289,000.
Net claims and policy holders benefits- kshs 4,836,423,000


If they work hard at increasing their investment income,they will make enough to clear claims and policy holders benefits hence increase their net profit.


I guess their aggressiveness in investment must have been slowed down by CP and CB that burned them over the last 3 years. So the MD during the results briefing/presentation say that they are taking a cautious approach to investment as they review their policy on investment and risk management. They will recover going forward - next results will be hugely improved.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#7 Posted : Thursday, February 27, 2020 12:25:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry.

https://citizentv.co.ke/...million-property-323848/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#8 Posted : Thursday, February 27, 2020 2:06:35 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[quote=Ericsson]Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry.

https://citizentv.co.ke/...illion-property-323848/[/quote]


Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m.
Life is short. Live passionately.
VituVingiSana
#9 Posted : Thursday, February 27, 2020 5:22:51 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,110
Location: Nairobi
sparkly wrote:
Ericsson wrote:
Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry.

https://citizentv.co.ke/...illion-property-323848/



Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m.
Unless the "profit" on the property was 300mn+, it would have done little to help them.

Sale Price - Cost + Depreciation - any prior "FV Gains" - Costs to sell = Profit in the current year

Isn't real estate, especially office space, suffering?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#10 Posted : Thursday, February 27, 2020 8:56:50 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry.

https://citizentv.co.ke/...illion-property-323848/



Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m.
Unless the "profit" on the property was 300mn+, it would have done little to help them.

Sale Price - Cost + Depreciation - any prior "FV Gains" - Costs to sell = Profit in the current year

Isn't real estate, especially office space, suffering?



If the building in question is Sanlam House, then the residual value of the building is nominal and almost all the proceeds were capital gain.
Life is short. Live passionately.
Ericsson
#11 Posted : Thursday, August 20, 2020 9:51:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Half year 2020 Loss of Ksh.136mn

https://www.nse.co.ke/issuer-announcements.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#12 Posted : Friday, September 18, 2020 6:29:27 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,110
Location: Nairobi
Insurance broker accused of stealing Sh11.8m Sanlam premiums
https://www.businessdail...24668-hxrcquz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#13 Posted : Monday, November 09, 2020 12:39:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
https://www.businessdail...ying-loan-again-2732150

Sanlam in talks to delay repaying loan again
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Fyatu
#14 Posted : Tuesday, February 16, 2021 4:18:07 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Is Sanlam a buy at sub 10?
Dumb money becomes dumb only when it listens to smart money
Ericsson
#15 Posted : Wednesday, February 17, 2021 8:53:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Fyatu wrote:
Is Sanlam a buy at sub 10?

Wait for release of FY results which will be out within a month from now.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#16 Posted : Thursday, March 25, 2021 11:48:53 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Ericsson wrote:
Fyatu wrote:
Is Sanlam a buy at sub 10?

Wait for release of FY results which will be out within a month from now.


FY Profit Before Tax at ksh.50mn
Loss after Tax Ksh.78mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#17 Posted : Thursday, March 25, 2021 11:51:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
[quote=Ericsson]Half year 2020 Loss of Ksh.136mn

https://www.nse.co.ke/issuer-announcements.html[/quote]

Second Half must have been good at them.They were able to return a FY PBT of ksh.50mn

2020 Profit/Loss before Tax
H1--Loss of ksh.136mn
H2--Profit of Ksh.186mn

https://www.nse.co.ke/ph...d-ended-31-dec-2020.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Receptor
#18 Posted : Monday, April 04, 2022 12:47:40 PM
Rank: Member


Joined: 7/1/2019
Posts: 119
I am looking for Sanlam Kenya Group Financial results 2021.
Receptor
#19 Posted : Monday, April 04, 2022 12:49:14 PM
Rank: Member


Joined: 7/1/2019
Posts: 119
I am looking for Sanlam Kenya Group Financial results 2021.
Ericsson
#20 Posted : Monday, April 04, 2022 6:45:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Receptor wrote:
I am looking for Sanlam Kenya Group Financial results 2021.



Not yet released.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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