The results , courtesy of mwango capital

Kenya RE [
@Kenya_Re
] 2023 FY Results (YoY, KES) (restated):

—Insurance Revenue : -15.4% to 19.6B
—Net Investment Income: +42.8% to 6.6B
—PBT: +53.2% to 7.0B
—Profit for the year: +41.6% to 4.97B
—Total Assets: +14.8% to 65.98B
—EPS: 1.78 [FY 2022: 1.25]
—DPS: 0.3[FY 2022: 0.2]

bonus shares also coming 1:1

What prompted the company to give out a bonus? government directive?

Its not a 100% as u state. Nirmally tjere must be a price correction and div is 10% yes. But now the shares are ex bonus..its now 1.4. I would expect ot to be below 1.00 once the bonus shares are loaded. So in actual sense it will be a loss for those who will hold till then esp if the share was bought at 2.8 and above.

Closed at 1.40 on Friday.
I await the 1H2024 results but there may be some large losses loading from the flooding and damages from recent riots.

Even if these do not show up in 1H then they will in 2H and 2025 as claims are filed and processed by the insurers and then sent to Kenya Re.