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KenyaRe FY19 - FY23 (Both Inclusive)

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Ericsson		#511 Posted : Friday, August 07, 2020 7:27:56 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Half year results 2020 are out. Profit before tax increased by 51.6% from ksh.1.379bn to 2.091bn Profit after tax increased by 45.8% from ksh.1.075bn to 1.568bn Total assets increased to ksh.53.346bn as at June 30 2020 compared to 50.362bn as at December 31 2019 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ebenyo		#512 Posted : Friday, August 07, 2020 8:29:39 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		Ericsson wrote: Half year results 2020 are out. Profit before tax increased by 51.6% from ksh.1.379bn to 2.091bn Profit after tax increased by 45.8% from ksh.1.075bn to 1.568bn Total assets increased to ksh.53.346bn as at June 30 2020 compared to 50.362bn as at December 31 2019 encouraging results.So kenre was not affected by covid 19 going by these results. Towards the goal of financial freedom
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Ericsson		#513 Posted : Friday, August 07, 2020 1:10:28 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Ebenyo wrote: Ericsson wrote: Half year results 2020 are out. Profit before tax increased by 51.6% from ksh.1.379bn to 2.091bn Profit after tax increased by 45.8% from ksh.1.075bn to 1.568bn Total assets increased to ksh.53.346bn as at June 30 2020 compared to 50.362bn as at December 31 2019 encouraging results.So kenre was not affected by covid 19 going by these results. They still have a big potential to grow especially on the life/long term business. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#514 Posted : Saturday, August 08, 2020 6:39:56 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		https://www.nation.co.ke...higher-premiums-1914596 The corporation wants to establish a shariah compliant subsidiary in Egypt Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#515 Posted : Thursday, September 03, 2020 10:25:17 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Virtual AGM will be held on 9 October 2020. To approve payment of dividend of ksh.0.10 per share for the financial year ended 31st December 2019 to the shareholders registered in the books as at 9th October 2020 to be paid on or about 20th November 2020. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#516 Posted : Sunday, September 13, 2020 6:19:23 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Targets for FY2020 Gross premium of ksh.18.8bn but due to COVID-19 has been revised to ksh.17.8bn Income from investments was ksh.3bn but due to COVID-19 revised to 2.8bn Rental income has been adjusted from ksh.906mn to ksh.880mn. Mr.Mwarania says the pandemic has affected its three streams of income;premiums,rentals and investments. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#517 Posted : Wednesday, September 23, 2020 12:13:34 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		https://youtu.be/rvGC7t4o6B8 Interview yesterday on Business Redefined Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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heri		#518 Posted : Wednesday, September 23, 2020 6:54:24 PM
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi		Ericsson wrote: https://youtu.be/rvGC7t4o6B8 Interview yesterday on Business Redefined Such a positive outlook and confidence I should be getting some more Kenya Re But i did not fully understand his confidence that investment income will not be too badly affected. he talked of 5% impact only???
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Ebenyo		#519 Posted : Thursday, September 24, 2020 6:51:11 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		heri wrote: Ericsson wrote: https://youtu.be/rvGC7t4o6B8 Interview yesterday on Business Redefined Such a positive outlook and confidence I should be getting some more Kenya Re But i did not fully understand his confidence that investment income will not be too badly affected. he talked of 5% impact only??? Mwarania is a stabilizing force in Kenya Re.It was only the board politics that was threatening stability. Towards the goal of financial freedom
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Ericsson		#520 Posted : Thursday, September 24, 2020 7:20:47 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		heri wrote: Ericsson wrote: https://youtu.be/rvGC7t4o6B8 Interview yesterday on Business Redefined Such a positive outlook and confidence I should be getting some more Kenya Re But i did not fully understand his confidence that investment income will not be too badly affected. he talked of 5% impact only??? Read post #516 and check half year results to fully understand. Investment income as at June 30 was ksh.1.9bn Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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