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3 Pages<123
JUBILEE HOLDINGS
Ericsson
#41 Posted : Saturday, July 25, 2020 8:24:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
[quote=VituVingiSana]According to an inquiry notice from the Comesa Competition Commission, Akfed is seeking to acquire all the shares in the Sh65 billion fibre cable through its subsidiaries, Industrial Promotion Services (IPS) and Jubilee Holdings.
https://www.standardmedi...-buy-fibre-cable-seacom[/quote]

Githeri media misreported facts.
It's not a full acquisition
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#42 Posted : Saturday, July 25, 2020 11:07:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
Jubilee holdings is becoming more of an investment company than insurance.
In their HY results of 2019,they had invested sh.60bn in government securities
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#43 Posted : Saturday, July 25, 2020 11:27:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,328
Location: Nairobi
Warren Buffett Explains The Genius Of The Float
https://www.npr.org/sect...ett_explains_the_ge.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#44 Posted : Saturday, July 25, 2020 5:37:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,857
Location: nairobi
Ericsson wrote:
Jubilee holdings is becoming more of an investment company than insurance.
In their HY results of 2019,they had invested sh.60bn in government securities

With all the paid premiums that remain unclaimed, what options do they have really. A solid company
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#45 Posted : Saturday, July 25, 2020 8:03:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Jubilee holdings is becoming more of an investment company than insurance.
In their HY results of 2019,they had invested sh.60bn in government securities

With all the paid premiums that remain unclaimed, what options do they have really. A solid company


Spot on.

They are competing neck to neck with Britam on whose the largest insurer in East and Central Africa.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#46 Posted : Tuesday, September 29, 2020 5:06:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
Jubilee holdings has entered into a set of binding transactions with Allianz Africa Holdings which will result in Allianz acquiring majority equity stakes ranging from 51% to 66% in Jubilee holdings short-term general insurance business in each of Kenya, Uganda, Tanzania, Burundi and Mauritius for a consideration of ksh.7.75bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
tandich
#47 Posted : Tuesday, September 29, 2020 6:02:49 PM
Rank: Member


Joined: 5/6/2008
Posts: 189
Ericsson
#48 Posted : Wednesday, September 30, 2020 7:22:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
tandich wrote:


Jubilee plans to reinvest the cash generated from the deal in its portfolio of privately held companies.
Mr Juma said other decisions such as including whether or not the company will pay a special dividend will be made at a later date.

https://www.businessdail...-german-company-2452686


Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#49 Posted : Wednesday, September 30, 2020 9:48:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
From page 70 of Jubilee Holdings 2019 annual report, Jubilee holdings made ksh.368 million from general insurance business despite contributing like 50% of the gross written premium.
Jubilee made ksh.915mn from health and ksh.1861mn from life assurance

https://mobile.twitter.c...1238259754885121/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
AndyC
#50 Posted : Wednesday, September 30, 2020 11:09:02 AM
Rank: Member


Joined: 4/21/2015
Posts: 135
Ericsson
#51 Posted : Wednesday, September 30, 2020 11:34:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
AndyC wrote:
https://www.cnn.com/2020/09/29/investing/allianz-pension-funds/index.html


Wololo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#52 Posted : Friday, October 02, 2020 9:44:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
There are 49 insurance companies in Kenya.
Too many for an economy the size of Kenya
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#53 Posted : Sunday, October 25, 2020 9:23:39 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
Ericsson wrote:
There are 49 insurance companies in Kenya.
Too many for an economy the size of Kenya


https://mobile.twitter.c...7669980717420547/photo/1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#54 Posted : Monday, November 23, 2020 12:06:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
tandich wrote:



https://pbs.twimg.com/me...rmat=jpg&name=large


A.That subject to all statutory and regulatory approvals being obtained,the sale by the company and/or its wholly owned investment subsidiaries of the following shares in the below listed target companies to Allianz Africa Holdings GmbH be approved;
(i)66% shareholding of Jubilee General Insurance Limited in Kenya
(ii)51% shareholding of the Jubilee Insurance Company of Burundi
(iii)31% shareholding of the Jubilee Insurance Company of Uganda
(iv)54.15% shareholding of Jubilee Insurance Mauritius Limited
AND FURTHER,the Shareholders approve that following the sale of the aforesaid shares in the Target Companies,the Target Companies shall no longer be subsidiaries of the company.

B.That the incorporation of a new subsidiary in Tanzania in preparation for the separation of the short-term general insurance business ("P&C business") of the Jubilee Insurance Company of Tanzania Limited (JICT) to be transferred to the new subsidiary leaving JICT as a medical insurer only be ratified,and the sale thereafter of 36% shareholding in the new subsidary to Allianz on the understanding that the new subsidiary will no longer be a subsidiary of the company following completion of sale be approved.

C.That the incorporation of a new subsidiary in Uganda in preparation for the separation of the health insurance business currently operated by The Jubilee Insurance Company of Uganda Limited (JU) to be transferred to the new subsidiary leaving JU to operate P&C business only,be ratified.

Weeh
This is a fire sale.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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