• Jubilee Holdings Limited
  • XUGA:JHL KAMPALA/Uganda
  • 16059.00 UGX
  • 0.00 0.00%
  • As of 2017/05/26
Refreshing....
  • About the Company
  • Jubilee Insurance has been in operation since 1937 and operates in three East African countries. Cross-listed on Nairobi exchange
  • Jubilee Holdings Limited is an investments holding company.

    The Company, through its subsidiaries, transacts all classes of general and long term insurance business. Its geographical segments include Kenya, Uganda, Tanzania, Burundi and Mauritius within which there are three segments classified according to products and services: General including Medical, Ordinary, Group Life & Pensions and Investments. Its classes of General Insurance include Engineering insurance, Fire insurance-domestic risks, Liability insurance, Marine insurance Personal accident insurance and Miscellaneous insurance. Medical insurance means the business of affecting and carrying out contracts of insurance against costs of otherwise non-recoverable medical and surgical expenses incurred by a member as a direct result of sustaining accidental bodily injury. The Ordinary & Group Life includes insurance business of classes, such as life assurance business, superannuation business and business incidental.

    Website

    Address

    Wabera St., GPO
    P.O. Box 30376
    Nairobi, 00100
    Kenya

flip phone to landscape for better view
After a low of $149m in net revenues in 2013, net revenues have grown 7.7% this year slower than last year when they grew at 10%. With this growth they have not recovered to their 5-year peak of £170m
Revenue per year in US $ The higher, the better.
Profits have increased for the last 3 years $47.3m but have not recovered to peak of $51.8m in 2012
Profits per year in US $ The higher, the better.
Profit margins have remained below 30% despite increase in profits indicating a struggle to keep control of costs.
Profit Margin compared to competitors The higher, the better.
Stanbic has maintained return on assets above 3% which is double the global average but is still below the local average.
Management of Assets compared to competitors The higher, the better.
Costs as a percentage of revenue is at 62.82% significantly lower than its peak of 69.85% in 2013. This cost percentage is a lot better than the local average but worse than African average.
Management of Costs compared to competitors The lower, the better.
Cash generation by Stanbic has halved since 2012 but better than 2013 when cash generation was negative due to increased losses in government securities.
Cash Generation compared to competitors The higher, the better.
Assets are currently 90% financed by banks, this may seem high but is similar for both local and African banks. This dependence on debt has reduced slightly over the last few years
Level of Debt compared to competitors The lower, the better.
Stanbic Bank can comfortably cover its immediate debts similar to all local banks. The margin between the liquid assets and current liabilities for Stanbic is lower than other local banks but this has been driven by a drastic increase in customer deposits.
Ability to pay debt compared to competitors The higher, the better.
The available cash (working capital) has increased by 70% over the last 5 years from $112m to $191m. This shows that Stanbic has become more efficient and healthier. This enables that Stanbic to invest more money within the business.
Liquidity/Cash Availability compared to competitors The higher, the better.
Revenues have grown slower than other local banks but the growth in profits has been faster than its local peers. In 2013, Stanbic experienced a 12% drop in profits and 33% drop in revenues, similar to other local banks - this drop in earnings was due to slowdown following the 2011 Ugandan election.
Revenue Growth compared to competitors The higher, the better.
Profit Growth compared to competitors The higher, the better.
Stanbic continues to have pay out the highest level of dividends in Uganda and Africa. Currently Stanbic pays out 3% of its share price but this is half of what it paid out the previous year. This is different from other local banks where dividends have gone back.
Despite Stanbic having high levels of dividend, this drop in dividend yield raises concern about how long this will be sustained.
Return on Equity compared to competitors The higher, the better.
Dividend Yield compared to competitors The higher, the better.
Stanbic Uganda has increased the investment in the business since 2011, and is doing it at the highsest levels both locally and in Africa.
Level of Investment per year in US $ The higher, the better.
Investment Ratio compared to competitors The higher, the better.

 A report by Cytonn Investment puts Kenya Re Insurance in the top as far as franchise value rankings are concerned, while Sanlam Kenya has been ranked last.

Dubbed ‘Kenya’s Listed Insurance Companies analysis report’, the report put Jubilee Holdings second, Britam Holdings third and CIC Group fourth.

Investment Analyst Caleb Mugendi said Kenya Re’s performance was backed by a low combined ratio as well as a high solvency ratio.

On the other hand, Sanlam’s performance was attributed to poor return on tangible equity, low solvency ratio and high reserve leverage among other factors.

“CIC dropped from top position to position 4, affected by a poor return on average tangible equity, low levels of diversification and high reserve leverage,” reads the report.

As far as rankings on total potential returns is concerned, Liberty Holdings was the leader in intrinsic value ranking, followed by Britam Holdings with total potential returns of 21.3 per cent and 20.8 per cent respectively.Despite low penetration of insurance in the country, – 3 percent compared to Africa’s 3.5 per cent – , Kenya ranks high in premium growth globally and is leading in sub-Saharan Africa.

Jubilee Holdings Limited is an investments holding company.

The Company, through its subsidiaries, transacts all classes of general and long term insurance business. Its geographical segments include Kenya, Uganda, Tanzania, Burundi and Mauritius within which there are three segments classified according to products and services: General including Medical, Ordinary, Group Life & Pensions and Investments. Its classes of General Insurance include Engineering insurance, Fire insurance-domestic risks, Liability insurance, Marine insurance Personal accident insurance and Miscellaneous insurance. Medical insurance means the business of affecting and carrying out contracts of insurance against costs of otherwise non-recoverable medical and surgical expenses incurred by a member as a direct result of sustaining accidental bodily injury. The Ordinary & Group Life includes insurance business of classes, such as life assurance business, superannuation business and business incidental.

Website

Address

Wabera St., GPO
P.O. Box 30376
Nairobi, 00100
Kenya

Kampala — The interconnectedness of the Uganda Securities Exchange (USE) to the Nairobi Securities Exchange (NSE) has a lot to do with the dismal market performance in 2016.

The market had started the year with a capitalisation of Shs24.5 trillion but by Wednesday December 28, with only two days left to trading, it had fallen to Shs20.3 trillion.

The USE has eight cross-listed firms from the NSE, especially on account of commercial banks in Kenya losing value in their shareholding. Kenya Airways, Jubilee Holdings, Centum Investments, KCB Group, Equity Group, UCHUMI, Nation Media Group and East African Breweries are the eight cross-listed companies.

Cross-listing refers to where company shares are floated on a different stock exchange – in this case, a foreign country – after being listed on the primary stock exchange. In this case, the eight Kenyan companies are listed on the primary market (NSE) but cross-listed on the secondary market (USE).

These companies do have subsidiaries that do business in Uganda.

Capping interest rates On August 24, 2016 president Uhuru Kenyatta signed into law a law that allows Kenya to cap interest rates.The following day, listed Kenyan banks saw the value of their shares tumbled sending the stock markets in Kenya […]