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Jubilee is KING!!
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Gordon Gekko wrote:This is a serious investment vehicle masquerading as an insurer. I have placed an audacious bid at ksh 150/-. @GG, That will remain as float to your broker for a long time, a really long time.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:Hasara!
Premiums paid to Jubilee 12.6mn
Claims paid out 30mn. Not even through the year. How long have they been Mps??. Im sure Jubilee has been receiving saitotis premiums every year since 1970s. The claim is much less than total accumulated premiums on the policy... Plus with every unforeseen accidental death the premiums rise.. "Im sure Jubilee has been receiving saitotis premiums every year since 1970s"OK, who am I to disbelieve you... 1) This payment was coz he was an MP not a personal cover. So explain this: Why would GoK pay premiums for saitoti even when he was NOT an MPig? 2) Has Jubilee been the (only) Life Assurance provider for MPigs since the 1970s? 3) An opinion is not a fact even if "Im sure" @VVS, I'm not sure where the 12.6M figure came from but please clarify, is the figure the premium for all MPs or for the three dead ones?
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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mozenrat wrote:VituVingiSana wrote:guru267 wrote:VituVingiSana wrote:Hasara!
Premiums paid to Jubilee 12.6mn
Claims paid out 30mn. Not even through the year. How long have they been Mps??. Im sure Jubilee has been receiving saitotis premiums every year since 1970s. The claim is much less than total accumulated premiums on the policy... Plus with every unforeseen accidental death the premiums rise.. "Im sure Jubilee has been receiving saitotis premiums every year since 1970s"OK, who am I to disbelieve you... 1) This payment was coz he was an MP not a personal cover. So explain this: Why would GoK pay premiums for saitoti even when he was NOT an MPig? 2) Has Jubilee been the (only) Life Assurance provider for MPigs since the 1970s? 3) An opinion is not a fact even if "Im sure" @VVS, I'm not sure where the 12.6M figure came from but please clarify, is the figure the premium for all MPs or for the three dead ones? http://www.businessdaily...60/-/1giw60/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@VVS could be refering to this link http://www.nation.co.ke/News/Sh...36/-/tm9chy/-/index.htmlSo @VVS, is the premium of Sh12.6 million for all MPs or for the three dead ones, or ...?...
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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assuming the 12.6 M is annual premium, then 12.6*5 years or kshs kshs 63.5 M has been paid as premium. how many mps have died during the current session apart from michuki, ojode saitoti?
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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madebe wrote:assuming the 12.6 M is annual premium, then 12.6*5 years or kshs kshs 63.5 M has been paid as premium. how many mps have died during the current session apart from michuki, ojode saitoti? ... Mr Gichohi said the National Assembly paid Sh12.6 million as premium to Jubilee Insurance. “It was an open tender running from September 1, 2011 for renewal on 31st August 2012,” Mr Gichohi said 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.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Is it just me that cares about combined ratios?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rising hospital costs sink insurers deeper into lossesJubilee and General Accident Insurance companies were the only major insurers that posted profits of Sh114.9 million and Sh30.8 million respectively. http://www.businessdailyafrica....0/-/vog94xz/-/index.html
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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Jubilee is the King of the Hill Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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VituVingiSana wrote:Jubilee is the King of the Hill The potential not yet realized. I wonder whether it is due to its low dividend payout.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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PKoli wrote:VituVingiSana wrote:Jubilee is the King of the Hill The potential not yet realized. I wonder whether it is due to its low dividend payout. Low dividends (3.2% yield) & a relatively High Price/book ratio (1.5 times) ... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ok company .....poor industry. Guess who comes out trumps??
Sorry guru,VVS et al but insurance industry in Kenya sucks. No where else on the world is insurance on a car worked out on its value vs the damage it can do. How else would u explain my Toyota e90s With no abs braking, banger and sometimes lent to my 18yr old reckless Cuzo borrowing it from time to time. Compare in the west where drivers under 24 pay so much more premiums, also the state of the car matters. But in Kenya not so its a flat fee depending on value of the car.
Does no one here care about combined ratios?!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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This a better article on JHL, it emphasises the fact that one invests in Jub because of the way management uses float generated from its loss making insurance business to diversify its investment revenue streams ala the Warren Buffet style Link http://www.contrarianinv...nlock-shareholder-value
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Rank: Hello Joined: 6/12/2012 Posts: 8
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What would be the best price to bid for someone wanting to buy Jubilee now.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Hi-Teck wrote:What would be the best price to bid for someone wanting to buy Jubilee now. At nelly, the highest bidder is at 166, no sellers. You may want to jump the queue by bidding at 167.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Horton wrote:Ok company .....poor industry. Guess who comes out trumps??
Sorry guru,VVS et al but insurance industry in Kenya sucks. No where else on the world is insurance on a car worked out on its value vs the damage it can do. How else would u explain my Toyota e90s With no abs braking, banger and sometimes lent to my 18yr old reckless Cuzo borrowing it from time to time. Compare in the west where drivers under 24 pay so much more premiums, also the state of the car matters. But in Kenya not so its a flat fee depending on value of the car.
Does no one here care about combined ratios?! @Horton, You need to check Jubilees financials General insurance, which including insuring motor vehicles that you are referring to above, accounted for 78% of the net insurance premium revenue so it is the main insurance segment of Jubilee. It achieved a combined ratio of 88.6%, which is an outstanding performance. It contributed KES 1.3B to PBT
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:This a better article on JHL, it emphasises the fact that one invests in Jub because of the way management uses float generated from its loss making insurance business to diversify its investment revenue streams ala the Warren Buffet style Link http://www.contrarianinvestingk...nlock-shareholder-value @the deal, Jubilee, the largest insurer in EAST AFRICA achieved an impressive 14% increase in underwriting PROFITS to KES 540 million in 2011 from KES 476 million in 2010. It also made good use of the float to achieve PROFIT Before Tax of KES 2.1B  You certainly need to correct your numbers
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:Jubilee is the King of the Hill
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mwekez@ji wrote:the deal wrote:This a better article on JHL, it emphasises the fact that one invests in Jub because of the way management uses float generated from its loss making insurance business to diversify its investment revenue streams ala the Warren Buffet style Link http://www.contrarianinvestingk...nlock-shareholder-value @the deal, Jubilee, the largest insurer in EAST AFRICA achieved an impressive 14% increase in underwriting PROFITS to KES 540 million in 2011 from KES 476 million in 2010. It also made good use of the float to achieve PROFIT Before Tax of KES 2.1B You certainly need to correct your numbers My friend Google underwriting profit...if you don't know what it is!! The only insurance company making an underwriting profit in Kenya is CIC.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:mwekez@ji wrote:the deal wrote:This a better article on JHL, it emphasises the fact that one invests in Jub because of the way management uses float generated from its loss making insurance business to diversify its investment revenue streams ala the Warren Buffet style Link http://www.contrarianinvestingk...nlock-shareholder-value @the deal, Jubilee, the largest insurer in EAST AFRICA achieved an impressive 14% increase in underwriting PROFITS to KES 540 million in 2011 from KES 476 million in 2010. It also made good use of the float to achieve PROFIT Before Tax of KES 2.1B You certainly need to correct your numbers My friend Google underwriting profit...if you don't know what it is!! The only insurance company making an underwriting profit in Kenya is CIC. Mate, we are discussing from an informed point. Dig into Jubilees financials and show us the loss. The PROFT is all there in black and white
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Jubilee is KING!!
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