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KenyaRe FY19 - FY23 (Both Inclusive)

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VituVingiSana		#651 Posted : Tuesday, June 01, 2021 3:01:13 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		No results and it's already June! Disappointing. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#652 Posted : Tuesday, June 01, 2021 7:09:55 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: No results and it's already June! Disappointing. Kenya Re 2020 results: - Gross written premiums up 5.7% - Net earned premiums up 34.2% - Claims incurred up 21.7% - Cedant acquisition costs up 29.8% - Profit b4 tax down 4.6% - Total Assets up 5.7% - Dividend of Kshs. 0.20 (DPR:20%) Book closure 30 June 2021 Payment date 13 August 2021 Registration for the AGM opens on 2 June and closes on Monday 28 June at 11am Link to the full results; https://mwangocapital.fi...021/06/kenya-re-2020.pdf Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#653 Posted : Tuesday, June 01, 2021 2:47:05 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		Ericsson wrote: VituVingiSana wrote: No results and it's already June! Disappointing. Kenya Re 2020 results: - Gross written premiums up 5.7% - Net earned premiums up 34.2% - Claims incurred up 21.7% - Cedant acquisition costs up 29.8% - Profit b4 tax down 4.6% - Total Assets up 5.7% - Dividend of Kshs. 0.20 (DPR:20%) Book closure 30 June 2021 Payment date 13 August 2021 Registration for the AGM opens on 2 June and closes on Monday 28 June at 11am Link to the full results; https://mwangocapital.fi...21/06/kenya-re-2020.pdf That dividend yield is decent. Not interested though, because of the trap KQ ABP 4.26
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Ebenyo		#654 Posted : Tuesday, June 01, 2021 3:16:08 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		Ericsson wrote: [quote=Ebenyo]Last year the dividend was 0.10. They can afford 0.20 this year. I said it and they have done so! Towards the goal of financial freedom
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Ericsson		#655 Posted : Wednesday, June 02, 2021 12:40:40 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: Ericsson wrote: VituVingiSana wrote: No results and it's already June! Disappointing. Kenya Re 2020 results: - Gross written premiums up 5.7% - Net earned premiums up 34.2% - Claims incurred up 21.7% - Cedant acquisition costs up 29.8% - Profit b4 tax down 4.6% - Total Assets up 5.7% - Dividend of Kshs. 0.20 (DPR:20%) Book closure 30 June 2021 Payment date 13 August 2021 Registration for the AGM opens on 2 June and closes on Monday 28 June at 11am Link to the full results; https://mwangocapital.fi...21/06/kenya-re-2020.pdf That dividend yield is decent. Not interested though, because of the trap It's a better counter compared to KQ and HFCK. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#656 Posted : Wednesday, June 02, 2021 1:07:04 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Ebenyo wrote: Ericsson wrote: [quote=Ebenyo]Last year the dividend was 0.10. They can afford 0.20 this year. I said it and they have done so! They shouldn't go below ksh.0.20. The DPS should be at that level at worse or go higher. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Queen		#657 Posted : Wednesday, June 02, 2021 1:21:22 PM
Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain		Ericsson wrote: obiero wrote: Ericsson wrote: VituVingiSana wrote: No results and it's already June! Disappointing. Kenya Re 2020 results: - Gross written premiums up 5.7% - Net earned premiums up 34.2% - Claims incurred up 21.7% - Cedant acquisition costs up 29.8% - Profit b4 tax down 4.6% - Total Assets up 5.7% - Dividend of Kshs. 0.20 (DPR:20%) Book closure 30 June 2021 Payment date 13 August 2021 Registration for the AGM opens on 2 June and closes on Monday 28 June at 11am Link to the full results; https://mwangocapital.fi...21/06/kenya-re-2020.pdf That dividend yield is decent. Not interested though, because of the trap It's a better counter compared to KQ and HFCK. A taller dwarf compared to those other two dwarfs.
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VituVingiSana		#658 Posted : Monday, June 07, 2021 1:55:42 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Queen wrote: Ericsson wrote: obiero wrote: Ericsson wrote: VituVingiSana wrote: No results and it's already June! Disappointing. Kenya Re 2020 results: - Gross written premiums up 5.7% - Net earned premiums up 34.2% - Claims incurred up 21.7% - Cedant acquisition costs up 29.8% - Profit b4 tax down 4.6% - Total Assets up 5.7% - Dividend of Kshs. 0.20 (DPR:20%) Book closure 30 June 2021 Payment date 13 August 2021 Registration for the AGM opens on 2 June and closes on Monday 28 June at 11am Link to the full results; https://mwangocapital.fi...21/06/kenya-re-2020.pdf That dividend yield is decent. Not interested though, because of the trap It's a better counter compared to KQ and HFCK. A taller dwarf compared to those other two dwarfs. The results are quite good under the circumstances. From the earlier press release it seems KenyaRe might have had take some additional hits/provisions relating to new rules/IFRS. I am waiting to read the Chairman and CEO's letters. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#659 Posted : Monday, June 07, 2021 2:46:48 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Queen wrote: Ericsson wrote: obiero wrote: Ericsson wrote: VituVingiSana wrote: No results and it's already June! Disappointing. Kenya Re 2020 results: - Gross written premiums up 5.7% - Net earned premiums up 34.2% - Claims incurred up 21.7% - Cedant acquisition costs up 29.8% - Profit b4 tax down 4.6% - Total Assets up 5.7% - Dividend of Kshs. 0.20 (DPR:20%) Book closure 30 June 2021 Payment date 13 August 2021 Registration for the AGM opens on 2 June and closes on Monday 28 June at 11am Link to the full results; https://mwangocapital.fi...21/06/kenya-re-2020.pdf That dividend yield is decent. Not interested though, because of the trap It's a better counter compared to KQ and HFCK. A taller dwarf compared to those other two dwarfs. The results are quite good under the circumstances. From the earlier press release it seems KenyaRe might have had take some additional hits/provisions relating to new rules/IFRS. I am waiting to read the Chairman and CEO's letters. Plus the details in the annual report. Investment income on revaluation of properties got a beating. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#660 Posted : Tuesday, June 08, 2021 1:30:23 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Ericsson wrote: VituVingiSana wrote: Queen wrote: Ericsson wrote: obiero wrote: Ericsson wrote: VituVingiSana wrote: No results and it's already June! Disappointing. Kenya Re 2020 results: - Gross written premiums up 5.7% - Net earned premiums up 34.2% - Claims incurred up 21.7% - Cedant acquisition costs up 29.8% - Profit b4 tax down 4.6% - Total Assets up 5.7% - Dividend of Kshs. 0.20 (DPR:20%) Book closure 30 June 2021 Payment date 13 August 2021 Registration for the AGM opens on 2 June and closes on Monday 28 June at 11am Link to the full results; https://mwangocapital.fi...21/06/kenya-re-2020.pdf That dividend yield is decent. Not interested though, because of the trap It's a better counter compared to KQ and HFCK. A taller dwarf compared to those other two dwarfs. The results are quite good under the circumstances. From the earlier press release it seems KenyaRe might have had take some additional hits/provisions relating to new rules/IFRS. I am waiting to read the Chairman and CEO's letters. Plus the details in the annual report. Investment income on revaluation of properties got a beating. About time KenyaRe got real about property valuations. I always discount these when I do my analysis. - Kisumu property for sale at 1bn but no offers it seems. - Vacancies in existing properties due to COVID and other reasons. - CMA looking to move - Upper Hill plot is dead in the water for now. There wasn't much of a FV loss in 2020 in the accounts but in reality it should have been much higher. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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