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CIC Insurance 2019
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Ericsson
#161 Posted : Friday, November 19, 2021 8:44:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
kmucheke wrote:

CIC Insurance posts Sh259 million profit in half-year

Quote:
CIC Insurance Group posted a Sh259.5 million net profit in the half year ended June, reversing a net loss of Sh335.5 million the year before.

The return to profitability was helped by improved performance in the underwriting business and higher investment income.


Quote:
CIC is close to disposing a large part of its land holdings, with the proceeds earmarked for paying down debt and reinvesting the balance in cash-generating assets.



Gains made in the first half been reversed in the second half.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#162 Posted : Friday, November 19, 2021 10:14:43 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
kmucheke wrote:

CIC Insurance posts Sh259 million profit in half-year

Quote:
CIC Insurance Group posted a Sh259.5 million net profit in the half year ended June, reversing a net loss of Sh335.5 million the year before.

The return to profitability was helped by improved performance in the underwriting business and higher investment income.


Quote:
CIC is close to disposing a large part of its land holdings, with the proceeds earmarked for paying down debt and reinvesting the balance in cash-generating assets.



Gains made in the first half been reversed in the second half.


this thing has no benefit to the shareholder
"Don't let the fear of losing be greater than the excitement of winning."
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littledove
#163 Posted : Wednesday, November 24, 2021 9:52:53 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
what has spooked the market? serious selloff yesterday and today with a minimum of 1.94. Anyway it seems like day trading is not working, i just bought some few cic at 1.94 and im trying to put a sell order at 2.10 but its showing i have no shares
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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maka
#164 Posted : Wednesday, November 24, 2021 10:42:49 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
littledove wrote:
what has spooked the market? serious selloff yesterday and today with a minimum of 1.94. Anyway it seems like day trading is not working, i just bought some few cic at 1.94 and im trying to put a sell order at 2.10 but its showing i have no shares


We are jokers.... I honestly dont know why we do this... Talk big , implement stuff that doesnt even work efficiently. Intra day actually started with bonds but years later very few brokers can hack an intra day trade.... Avail... trade.... settle... avail... trade.... settle.

possunt quia posse videntur
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Ericsson
#165 Posted : Wednesday, November 24, 2021 5:00:28 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
littledove wrote:
what has spooked the market? serious selloff yesterday and today with a minimum of 1.94. Anyway it seems like day trading is not working, i just bought some few cic at 1.94 and im trying to put a sell order at 2.10 but its showing i have no shares


This things you wait for about 6 months after launch to test.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#166 Posted : Wednesday, November 24, 2021 5:02:02 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mlennyma wrote:
Ericsson wrote:
kmucheke wrote:

CIC Insurance posts Sh259 million profit in half-year

Quote:
CIC Insurance Group posted a Sh259.5 million net profit in the half year ended June, reversing a net loss of Sh335.5 million the year before.

The return to profitability was helped by improved performance in the underwriting business and higher investment income.


Quote:
CIC is close to disposing a large part of its land holdings, with the proceeds earmarked for paying down debt and reinvesting the balance in cash-generating assets.



Gains made in the first half been reversed in the second half.


this thing has no benefit to the shareholder


Foundation is not that firm.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#167 Posted : Tuesday, March 15, 2022 10:02:26 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
kmucheke wrote:

CIC Insurance posts Sh259 million profit in half-year

Quote:
CIC Insurance Group posted a Sh259.5 million net profit in the half year ended June, reversing a net loss of Sh335.5 million the year before.

The return to profitability was helped by improved performance in the underwriting business and higher investment income.


Quote:
CIC is close to disposing a large part of its land holdings, with the proceeds earmarked for paying down debt and reinvesting the balance in cash-generating assets.



Gains made in the first half been reversed in the second half.


this thing has no benefit to the shareholder


Foundation is not that firm.


FY2021 results to be out this week
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#168 Posted : Wednesday, March 16, 2022 11:32:44 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
kmucheke wrote:

CIC Insurance posts Sh259 million profit in half-year

Quote:
CIC Insurance Group posted a Sh259.5 million net profit in the half year ended June, reversing a net loss of Sh335.5 million the year before.

The return to profitability was helped by improved performance in the underwriting business and higher investment income.


Quote:
CIC is close to disposing a large part of its land holdings, with the proceeds earmarked for paying down debt and reinvesting the balance in cash-generating assets.



Gains made in the first half been reversed in the second half.


this thing has no benefit to the shareholder


Foundation is not that firm.


FY2021 results to be out this week



possunt quia posse videntur
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Ericsson
#169 Posted : Wednesday, March 16, 2022 1:57:37 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
maka wrote:
Ericsson wrote:
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
kmucheke wrote:

CIC Insurance posts Sh259 million profit in half-year

Quote:
CIC Insurance Group posted a Sh259.5 million net profit in the half year ended June, reversing a net loss of Sh335.5 million the year before.

The return to profitability was helped by improved performance in the underwriting business and higher investment income.


Quote:
CIC is close to disposing a large part of its land holdings, with the proceeds earmarked for paying down debt and reinvesting the balance in cash-generating assets.



Gains made in the first half been reversed in the second half.


this thing has no benefit to the shareholder


Foundation is not that firm.


FY2021 results to be out this week





- Gross Written Premiums +15.9% to 19.6B
- Total Income +13.9% to 19.1B
- Total Assets +7.1% to 41.5B
- PBT of 959M vs -79.5M in 2020
- PAT of 668.4M vs -296.8M in 2020
- EPS 0.23 [2020: -0.09]
- No dividends
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#170 Posted : Thursday, March 24, 2022 12:25:07 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
https://www.businessdail...l-200-acre-land-3757874 CIC Insurance to subdivide 200 acre land for easy sale
>>> Good luck to CIC shareholders

Even ABSA's First Assurance has trouble selling its properties.
Kenya Re has been struggling with selling the Kisumu building.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, March 24, 2022 12:26 AM | Reason: Not specified
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