HY 2019 results are out
Net earned premiums up 0.04% to ksh.7.1bn from 7.082bn
Net claims and policy holders up 7.9% to ksh.5bn for 4.669bn in 2018
Profit before tax @ksh.146.839mn
Profit after tax at ksh.20.9mn
EPS plunges 95% to ksh.0.01

https://mobile.twitter.c...035182975606784/photo/1

This is commendable of CIC for reporting early even before wazungu and/or SA controlled banks e.g., CFC,Barclays and Stanchart. Some firms here at NSE have issued profit warning for FY 2019 and they have not even reported on FY 2018. In the States(USA), bigger firms with revenues > Ksh. 1 trillion and balance sheets of > kshs 10 trillion report 2 days after or even on the last day of the quarter. Other NSE listed firms should emulate CIC.

good question.....infact why is it that all our insurers underwrite at Losses year in year out?.The answer to these questions may explain why the Jinnah's are putting their stakes in these insurance companies on the chopping block.

Tough.. . those claims are very high,i hope there is no inside job in eating them.

cash generated from operations was a whopping Kshs. 1.96b! The business is roaring, despite one-offs.
Regional subsidiaries contributed 10% to GWPs (Gross Written Premiums).