CIC Insurance Group reception [Courtesy] CIC Insurance Group has emerged from a loss to post the highest net profit in six years, helped by increased premiums. Financial results released yesterday showed the insurer made Sh668.4 million net profit in the year ended December 2021 – a recovery from Sh296.8 million loss in the preceding year. […]
CIC Insurance Group has reported Sh668 million profits after tax for the year ending December 2021, reversing a net loss of Sh296.83 million recorded in the previous year. The insurer has recovered from the Covid-19 effects that devastated businesses and resulted in higher claims by customers. The company says its focus on cutting costs and […]
CIC Insurance Group has reported a net profit of Ksh. 668.4 Million for the year ended 31 st December 2021 as compared to a net loss of Ksh. 296.8 Million for the previous year. This rise in profitability was driven by a 17% rise in the gross earned premiums to Ksh. 19.7 Billion. At the […]
The death of members, funeral and medical covers topped the claims. Insurance claims involving Savings and Credit Cooperatives (Saccos) have risen five-fold in the last two years due to the Covid-19 pandemic . The death of members, funeral and medical covers topped the claims category as Saccos lost businesses, membership and contributions due to the […]
Kenya Power and Lighting Company (KPLC) was the top mover of the day with 10.43 million shares with a market capitalization of 3.34 billion shillings. Safaricom came in second with 2.10 million shares and a capitalization of 1.66 trillion shillings. Nairobi Business Ventures, WPP ScanGroup, and NCBA Group ended the day by moving 244,200, 204,800, […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) was Eveready East Africa with 4.81 percent at the price of 1.09 shillings per share. Carbacid Investments was the second with 4.37 percent at the price of 11.95 shillings per share. CIC Insurance Group, Kenya Power and Lighting (KPLC), and Crown Paint Kenya […]
ICEA LION General Insurance Company Limited appoints of Philip Lopokoiyit as the new Chief Executive Officer and Principal Officer of the Company following regulatory approval. His appointment takes effect from September 20, 2021. Insurance company ICEA ion has announced the appointment of Philip Lopokoiyit as the new Chief Executive Officer and Principal Officer of the […]
CIC Group chief executive Patrick Nyaga. Regional insurer CIC Insurance Group Plc has bounced back to profitability. PHOTO | COURTESY Regional insurer CIC Insurance Group Plc has bounced back to profitability laying the groundwork for ending a two-year dividend drought for shareholders. The turnaround is also expected to bolster the firm’s stock on Nairobi Securities […]
NAIROBI, Kenya, Aug 12- CIC Insurance Group has reported a profit before tax of Sh337 Million for its half year ending 30 th June 2021 compared to a loss before tax of Sh287 Million it recorded in a similar period last year. The group through a statement said improved performance was boosted by resilient growth […]
CIC Insurance Group #ticker:CIC posted a Sh259.5 million net profit in the half year ended June, reversing a net loss of Sh335.5 million the year before. The return to profitability was helped by improved performance in the underwriting business and higher investment income. Investment and other income, including positive currency movements at its South Sudan […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.