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CIC Insurance 2018
Ericsson
#1 Posted : Tuesday, July 24, 2018 9:22:37 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
https://www.businessdail...7712-el9vtfz/index.html

The prospects for listed CIC Insurance Group’s
share have improved after it increased first quarter profit five-fold and projected a lower motor claims costs for this year.

Broker Kingdom Securities termed the insurance company’s share a “buy” noting its general business had also turned to profit from a loss in the same quarter last year.

Medical insurance also turned from loss to profit in the quarter while the motor business cut losses by nearly a half, pushing the group’s first quarter profit before tax to Sh311 million compared to Sh57 million in the same quarter last year.

Kingdom Securities, which along with CIC are partly owned by Cooperative Bank,did not reveal the exact net profit. Coop Bank has a 35.71 per cent shareholding in Cooperative Insurance Society, which in turn had a 74.3 per cent stake in CIC Group as at the end of 2017.
The brokerage said CIC Group was likely to see a nearly 46 per cent increase in share price within the next 12 months based not only on the earnings, but favourable multiples relative to other listed companies in the sector.

“We recommend a BUY for CIC Group; at its current average price of Sh4.60 on a target price of Sh6.70 for an expected return of 45.65 per cent within a duration of a year from now. This is based on its elevated earnings multiples when compared to the rest of the listed companies in the sector, this taken from its recent full year results for 2017,” said Kingdom Securities.
“A further look at its first quarter results for 2018 showing an expected positive financial performance pegged (to) anticipated lower motor claims costs thanks to motor assessment centres, planned increased scale in CIC medical and continued diversification journey in the ordinary life and pension schemes,” it added.

Kingdom Securities noted that the earnings multiples indicated that investors are anticipating higher earnings.

“CIC Group has a high price-to-earnings (P/E) ratio of 25.28x and a price-to-book (P/B) ratio of 1.56x with sector P/E and P/B at 17.91x and 1.17x respectively, suggesting that investors are anticipating higher earnings growth in the future as likened to the overall market and with this projected to have an upward drive on the share price in the long run,” the analysts said.
mlennyma
#2 Posted : Tuesday, July 24, 2018 12:14:48 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/markets/marketnews/CIC-Q1-profit-rise-seen-lifting-stock/3815534-4677712-el9vtfz/index.html

The prospects for listed CIC Insurance Group’s
share have improved after it increased first quarter profit five-fold and projected a lower motor claims costs for this year.

Broker Kingdom Securities termed the insurance company’s share a “buy” noting its general business had also turned to profit from a loss in the same quarter last year.

Medical insurance also turned from loss to profit in the quarter while the motor business cut losses by nearly a half, pushing the group’s first quarter profit before tax to Sh311 million compared to Sh57 million in the same quarter last year.

Kingdom Securities, which along with CIC are partly owned by Cooperative Bank,did not reveal the exact net profit. Coop Bank has a 35.71 per cent shareholding in Cooperative Insurance Society, which in turn had a 74.3 per cent stake in CIC Group as at the end of 2017.
The brokerage said CIC Group was likely to see a nearly 46 per cent increase in share price within the next 12 months based not only on the earnings, but favourable multiples relative to other listed companies in the sector.

“We recommend a BUY for CIC Group; at its current average price of Sh4.60 on a target price of Sh6.70 for an expected return of 45.65 per cent within a duration of a year from now. This is based on its elevated earnings multiples when compared to the rest of the listed companies in the sector, this taken from its recent full year results for 2017,” said Kingdom Securities.
“A further look at its first quarter results for 2018 showing an expected positive financial performance pegged (to) anticipated lower motor claims costs thanks to motor assessment centres, planned increased scale in CIC medical and continued diversification journey in the ordinary life and pension schemes,” it added.

Kingdom Securities noted that the earnings multiples indicated that investors are anticipating higher earnings.

“CIC Group has a high price-to-earnings (P/E) ratio of 25.28x and a price-to-book (P/B) ratio of 1.56x with sector P/E and P/B at 17.91x and 1.17x respectively, suggesting that investors are anticipating higher earnings growth in the future as likened to the overall market and with this projected to have an upward drive on the share price in the long run,” the analysts said.

Not the right brokers to recommend their brother,tell us about the bond and readiness to pay,also claims pile as the year progress,the first quarter is basically paying for a full years service
"Don't let the fear of losing be greater than the excitement of winning."
Angelica _ann
#3 Posted : Tuesday, July 24, 2018 2:17:55 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,923
Hii ni Baba anasifu mtoto wake smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mlennyma
#4 Posted : Tuesday, July 24, 2018 5:14:58 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
Angelica _ann wrote:
Hii ni Baba anasifu mtoto wake smile smile smile

seems to be getting audience today up 10% courtesy of mystocks live
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#5 Posted : Wednesday, July 25, 2018 1:16:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
mlennyma wrote:
Angelica _ann wrote:
Hii ni Baba anasifu mtoto wake smile smile smile

seems to be getting audience today up 10% courtesy of mystocks live


And today too
Ericsson
#6 Posted : Wednesday, July 25, 2018 8:45:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
Half year results are just about to be released
Superprime1
#7 Posted : Friday, July 27, 2018 4:54:09 PM
Rank: Member


Joined: 5/2/2018
Posts: 235
Ericsson wrote:
Half year results are just about to be released

CIC Insurance Group's after-tax profit for the six months ended June 30 jumped 54.4% to Sh537.06 million, compared to Sh347.87m in H1 2017, as gross written premiums increased by 18.3% to Sh8.98bn, while total expenses rose slower by 9.2% to Sh7.75bn. EPS jumped 61.5% to Sh0.21.
xxxxx
#8 Posted : Friday, July 27, 2018 8:32:08 PM
Rank: Member


Joined: 3/20/2008
Posts: 476
Superprime1 wrote:
Ericsson wrote:
Half year results are just about to be released

CIC Insurance Group's after-tax profit for the six months ended June 30 jumped 54.4% to Sh537.06 million, compared to Sh347.87m in H1 2017, as gross written premiums increased by 18.3% to Sh8.98bn, while total expenses rose slower by 9.2% to Sh7.75bn. EPS jumped 61.5% to Sh0.21.


Anyone with the full results??
Ericsson
#9 Posted : Friday, July 27, 2018 11:41:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
xxxxx wrote:
Superprime1 wrote:
Ericsson wrote:
Half year results are just about to be released

CIC Insurance Group's after-tax profit for the six months ended June 30 jumped 54.4% to Sh537.06 million, compared to Sh347.87m in H1 2017, as gross written premiums increased by 18.3% to Sh8.98bn, while total expenses rose slower by 9.2% to Sh7.75bn. EPS jumped 61.5% to Sh0.21.


Anyone with the full results??

Profit before tax must be at the ranges of ksh.700mn plus.
The half year results of 2018 exceed full year 2017 results
Ericsson
#10 Posted : Monday, July 30, 2018 7:20:31 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
mlennyma wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/markets/marketnews/CIC-Q1-profit-rise-seen-lifting-stock/3815534-4677712-el9vtfz/index.html

The prospects for listed CIC Insurance Group’s
share have improved after it increased first quarter profit five-fold and projected a lower motor claims costs for this year.

Broker Kingdom Securities termed the insurance company’s share a “buy” noting its general business had also turned to profit from a loss in the same quarter last year.

Medical insurance also turned from loss to profit in the quarter while the motor business cut losses by nearly a half, pushing the group’s first quarter profit before tax to Sh311 million compared to Sh57 million in the same quarter last year.

Kingdom Securities, which along with CIC are partly owned by Cooperative Bank,did not reveal the exact net profit. Coop Bank has a 35.71 per cent shareholding in Cooperative Insurance Society, which in turn had a 74.3 per cent stake in CIC Group as at the end of 2017.
The brokerage said CIC Group was likely to see a nearly 46 per cent increase in share price within the next 12 months based not only on the earnings, but favourable multiples relative to other listed companies in the sector.

“We recommend a BUY for CIC Group; at its current average price of Sh4.60 on a target price of Sh6.70 for an expected return of 45.65 per cent within a duration of a year from now. This is based on its elevated earnings multiples when compared to the rest of the listed companies in the sector, this taken from its recent full year results for 2017,” said Kingdom Securities.
“A further look at its first quarter results for 2018 showing an expected positive financial performance pegged (to) anticipated lower motor claims costs thanks to motor assessment centres, planned increased scale in CIC medical and continued diversification journey in the ordinary life and pension schemes,” it added.

Kingdom Securities noted that the earnings multiples indicated that investors are anticipating higher earnings.

“CIC Group has a high price-to-earnings (P/E) ratio of 25.28x and a price-to-book (P/B) ratio of 1.56x with sector P/E and P/B at 17.91x and 1.17x respectively, suggesting that investors are anticipating higher earnings growth in the future as likened to the overall market and with this projected to have an upward drive on the share price in the long run,” the analysts said.

Not the right brokers to recommend their brother,tell us about the bond and readiness to pay,also claims pile as the year progress,the first quarter is basically paying for a full years service


The bond will be repaid at maturity.The company has sufficient cash reserves to repay
Pesa Nane
#11 Posted : Monday, July 30, 2018 11:33:14 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
xxxxx wrote:

Anyone with the full results??




Full Results
Pesa Nane plans to be shilingi when he grows up.
Ericsson
#12 Posted : Monday, July 30, 2018 8:36:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
Those who bought last week at 4.40 have now reaped capital gains of 10%.
xxxxx
#13 Posted : Tuesday, July 31, 2018 9:10:10 AM
Rank: Member


Joined: 3/20/2008
Posts: 476
Ericsson wrote:
https://www.businessdailyafrica.com/markets/marketnews/CIC-Q1-profit-rise-seen-lifting-stock/3815534-4677712-el9vtfz/index.html

The prospects for listed CIC Insurance Group’s
share have improved after it increased first quarter profit five-fold and projected a lower motor claims costs for this year.

Broker Kingdom Securities termed the insurance company’s share a “buy” noting its general business had also turned to profit from a loss in the same quarter last year.

Medical insurance also turned from loss to profit in the quarter while the motor business cut losses by nearly a half, pushing the group’s first quarter profit before tax to Sh311 million compared to Sh57 million in the same quarter last year.

Kingdom Securities, which along with CIC are partly owned by Cooperative Bank,did not reveal the exact net profit. Coop Bank has a 35.71 per cent shareholding in Cooperative Insurance Society, which in turn had a 74.3 per cent stake in CIC Group as at the end of 2017.
The brokerage said CIC Group was likely to see a nearly 46 per cent increase in share price within the next 12 months based not only on the earnings, but favourable multiples relative to other listed companies in the sector.

“We recommend a BUY for CIC Group; at its current average price of Sh4.60 on a target price of Sh6.70 for an expected return of 45.65 per cent within a duration of a year from now. This is based on its elevated earnings multiples when compared to the rest of the listed companies in the sector, this taken from its recent full year results for 2017,” said Kingdom Securities.
“A further look at its first quarter results for 2018 showing an expected positive financial performance pegged (to) anticipated lower motor claims costs thanks to motor assessment centres, planned increased scale in CIC medical and continued diversification journey in the ordinary life and pension schemes,” it added.

Kingdom Securities noted that the earnings multiples indicated that investors are anticipating higher earnings.

“CIC Group has a high price-to-earnings (P/E) ratio of 25.28x and a price-to-book (P/B) ratio of 1.56x with sector P/E and P/B at 17.91x and 1.17x respectively, suggesting that investors are anticipating higher earnings growth in the future as likened to the overall market and with this projected to have an upward drive on the share price in the long run,” the analysts said.




How did the brokers get CIC quarterly results when the general public had not gotten then? Is that not material info that should also be shared with us at the same time?Shame on you
Ericsson
#14 Posted : Wednesday, October 24, 2018 11:11:58 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
xxxxx wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/markets/marketnews/CIC-Q1-profit-rise-seen-lifting-stock/3815534-4677712-el9vtfz/index.html

The prospects for listed CIC Insurance Group’s
share have improved after it increased first quarter profit five-fold and projected a lower motor claims costs for this year.

Broker Kingdom Securities termed the insurance company’s share a “buy” noting its general business had also turned to profit from a loss in the same quarter last year.

Medical insurance also turned from loss to profit in the quarter while the motor business cut losses by nearly a half, pushing the group’s first quarter profit before tax to Sh311 million compared to Sh57 million in the same quarter last year.

Kingdom Securities, which along with CIC are partly owned by Cooperative Bank,did not reveal the exact net profit. Coop Bank has a 35.71 per cent shareholding in Cooperative Insurance Society, which in turn had a 74.3 per cent stake in CIC Group as at the end of 2017.
The brokerage said CIC Group was likely to see a nearly 46 per cent increase in share price within the next 12 months based not only on the earnings, but favourable multiples relative to other listed companies in the sector.

“We recommend a BUY for CIC Group; at its current average price of Sh4.60 on a target price of Sh6.70 for an expected return of 45.65 per cent within a duration of a year from now. This is based on its elevated earnings multiples when compared to the rest of the listed companies in the sector, this taken from its recent full year results for 2017,” said Kingdom Securities.
“A further look at its first quarter results for 2018 showing an expected positive financial performance pegged (to) anticipated lower motor claims costs thanks to motor assessment centres, planned increased scale in CIC medical and continued diversification journey in the ordinary life and pension schemes,” it added.

Kingdom Securities noted that the earnings multiples indicated that investors are anticipating higher earnings.

“CIC Group has a high price-to-earnings (P/E) ratio of 25.28x and a price-to-book (P/B) ratio of 1.56x with sector P/E and P/B at 17.91x and 1.17x respectively, suggesting that investors are anticipating higher earnings growth in the future as likened to the overall market and with this projected to have an upward drive on the share price in the long run,” the analysts said.




How did the brokers get CIC quarterly results when the general public had not gotten then? Is that not material info that should also be shared with us at the same time?Shame on you


Kingdom Securities and CIC Insurance is one and the same.They have a common cord
Ericsson
#15 Posted : Wednesday, October 24, 2018 11:14:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
https://www.businessdail...234-10t3a93z/index.html

Five of the six listed insurance companies have seen their share prices drop this year — four by double digits in percentage terms — amid a tough year for most listed firms.
Only Liberty Kenya with a year-to-date share price gain of 3.9 per cent is in the black, while the worst performing stock in the market segment is CIC with a share price drop of 29.5 per cent since January.
Ericsson
#16 Posted : Wednesday, October 24, 2018 5:03:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
http://www.mediamaxnetwo...-insurance-on-thursday/

AFC Leopards will launch a partnership with CIC Insurance in a move aimed at helping its members.

Sacco chairman Maurice Osundwa has confirmed that the launch will be held on October 25 at Railway Club, starting 6pm. The policy cover to be launched under last of expenses, allows for family members of staff to be covered at a minimal cost.
BKB
#17 Posted : Thursday, November 15, 2018 10:37:33 AM
Rank: New-farer


Joined: 1/14/2015
Posts: 14
Location: KYN
3.75 a share.

2018 ....off to the dumpster.
Ericsson
#18 Posted : Thursday, November 15, 2018 12:54:04 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
BKB wrote:
3.75 a share.

2018 ....off to the dumpster.


Welcome to the bear run
Ericsson
#19 Posted : Monday, January 28, 2019 7:02:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,622
Location: NAIROBI
BKB wrote:
3.75 a share.

2018 ....off to the dumpster.


The bounce up has began
BKB
#20 Posted : Monday, January 28, 2019 8:38:54 PM
Rank: New-farer


Joined: 1/14/2015
Posts: 14
Location: KYN
Ericsson wrote:
BKB wrote:
3.75 a share.

2018 ....off to the dumpster.


The bounce up has began



smile smile smile smile smile
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