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Insurance Counters at NSE - Valuation & recommendation
Rank: Elder Joined: 4/22/2009 Posts: 2,863
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mlennyma wrote:Liberty doesn't appear anywhere,my bet for now CIC featuring prominently albeit negatively.... IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: New-farer Joined: 10/24/2014 Posts: 14
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is CIC still a hot stocks pick considering the 100M loss from the health insurance department? 
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Rank: Member Joined: 12/7/2010 Posts: 520 Location: Epicentre - Ngamia 1
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nzomah1 wrote:is CIC still a hot stocks pick considering the 100M loss from the health insurance department? Soma gazeti vizuri!!! Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Forester wrote:nzomah1 wrote:is CIC still a hot stocks pick considering the 100M loss from the health insurance department? Soma gazeti vizuri!!! 75.8 Million? http://www.businessdaily...-/15ipcubz/-/index.html
The opposite of courage is not cowardice, it's conformity.
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Rank: New-farer Joined: 8/11/2014 Posts: 72 Location: Nairobi
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How can you rate Kenya Re based on its current and past performance?? Bulls make money,bears make money and pigs get slaughtered.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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murchr wrote:IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here Another good year  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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guru267 wrote:murchr wrote:IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here Another good year Perhaps not for CIC and Pan Africa Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Pesa Nane wrote:guru267 wrote:murchr wrote:IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here Another good year Perhaps not for CIC and Pan Africa And that shows you why Kenya re does not reflect NSE gains/losses on their P&L! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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murchr wrote:IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here Report dated Feb 2014 (page 1) while discussing Jan - Dec 2014 (maybe a typo?) How come they have numbers for JHL while they've not been released? Recipe for insider trading....But if correct, they've done worse. 2013 PAT was 2,502,817, 2014 is 1,651,241.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Gordon Gekko wrote:murchr wrote:IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here Report dated Feb 2014 (page 1) while discussing Jan - Dec 2014 (maybe a typo?) How come they have numbers for JHL while they've not been released? Recipe for insider trading....But if correct, they've done worse. 2013 PAT was 2,502,817, 2014 is 1,651,241. Kenyans never proof read their presentations anyway HY PAT was 1.5B how dis you get 1.6? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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murchr wrote:Gordon Gekko wrote:murchr wrote:IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here Report dated Feb 2014 (page 1) while discussing Jan - Dec 2014 (maybe a typo?) How come they have numbers for JHL while they've not been released? Recipe for insider trading....But if correct, they've done worse. 2013 PAT was 2,502,817, 2014 is 1,651,241. Kenyans never proof read their presentations anyway HY PAT was 1.5B how sis you get 1.6? I added general PAT (1,372,727) to life PAT (278,514)
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Gordon Gekko wrote:murchr wrote:Gordon Gekko wrote:murchr wrote:IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here Report dated Feb 2014 (page 1) while discussing Jan - Dec 2014 (maybe a typo?) How come they have numbers for JHL while they've not been released? Recipe for insider trading....But if correct, they've done worse. 2013 PAT was 2,502,817, 2014 is 1,651,241. Kenyans never proof read their presentations anyway HY PAT was 1.5B how sis you get 1.6? I added general PAT (1,372,727) to life PAT (278,514) That may not include any other income here is 2013's report"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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murchr wrote:Gordon Gekko wrote:murchr wrote:Gordon Gekko wrote:murchr wrote:IRA Report 2014 wrote:Industry premiums
The industry’s insurance premiums grew by 20.4% during the year 2014. The annual premiums stood at KES 157.78 billion growing from KES 131.0 billion. The premium income reported under life insurance business amounted to KES 56.48 billion while general business premiums were KES 101.30 billion. The Kenyan insurance industry continues to be non-life business driven.
The reinsurance companies reported KES 16.37 billion in premiums. These had grown by 31.6% from KES 12.45 billion reported in 2013.
The claims incurred under general insurance business were KES 41.89 billion by the end of 2014 increasing by 25.3% from KES 33.44 billion recorded in year 2013.
The commissions paid by the insurers during the year
amounted to KES 9.26 billion compared to KES 7.44 billion reported during the previous year. Management expenses amounted to KES 30.42 billion compared to
KES 24.37 billion reported in 2013, an increase of 24.8%.
As at 31st December 2014, the shareholders’ funds amounted to KES 122.54 billion representing a growth of24.8% from KES 98.21 billion as at the end of 2013.
Source: Press Here Report dated Feb 2014 (page 1) while discussing Jan - Dec 2014 (maybe a typo?) How come they have numbers for JHL while they've not been released? Recipe for insider trading....But if correct, they've done worse. 2013 PAT was 2,502,817, 2014 is 1,651,241. Kenyans never proof read their presentations anyway HY PAT was 1.5B how sis you get 1.6? I added general PAT (1,372,727) to life PAT (278,514) That may not include any other income Yes from the IRA data you can derive how company A or C perfomed in FY2014 but becareful how you use that data...I can already see wrong calculations here 
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Expect mergers in East Africa insurance industry: Deloitte Read more at: http://www.standardmedia...urance-industry-deloitte"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The industry’s insurance premiums grew by 16.4% during the first quarter of 2015. The 2015 quarter one premiums stood at KES 50.41 billion growing from KES 43.29 billion. The premium income reported under life insurance business amounted to KES 15.98 billion while general business premiums were KES 34.43 billion. The Kenyan insurance industry continues to be non-life business driven. Press Here"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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mwekez@ji wrote:Britam – BUY – TP 8.32 (35% upside)
CFCI – BUY – TP 11.55 (66% upside)
Pan Africa – BUY – TP 74.70 (72% upside)
Kenya Re – BUY – TP 18.75 (59% upside)
CIC – SELL – TP 3.37 (18% downside)
Source: Standard Investment Bank – 30.01.2013 Tafakari hii
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KNRE, JUB and CFCI sticking their necks out as the rest of the insurance counters take it in the chin. Defended for now. But those equity portfolios for income have taken a haircut already. By yr end those that rely on the equity portfolio for income will be reporting sharp haircuts. Obviously tht means their prices will be lower than today. And worse if cbk keeps up the rate hiking madness. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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hisah wrote:KNRE, JUB and CFCI sticking their necks out as the rest of the insurance counters take it in the chin. Defended for now. But those equity portfolios for income have taken a haircut already. By yr end those that rely on the equity portfolio for income will be reporting sharp haircuts. Obviously tht means their prices will be lower than today. And worse if cbk keeps up the rate hiking madness. CIC and Britam down 50%...  Thank God am on the fence. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Boris Boyka wrote:hisah wrote:KNRE, JUB and CFCI sticking their necks out as the rest of the insurance counters take it in the chin. Defended for now. But those equity portfolios for income have taken a haircut already. By yr end those that rely on the equity portfolio for income will be reporting sharp haircuts. Obviously tht means their prices will be lower than today. And worse if cbk keeps up the rate hiking madness. CIC and Britam down 50%... Thank God am on the fence. Its a bloodbath out there... possunt quia posse videntur
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