Kenya Reinsurance Corporation Financials and Valuation

Kenya Reinsurance Corporation has a solid financial foundation, with a net worth of KES 6.3 billion as of 2020. This is a significant increase from KES 3.3 billion in 2015, demonstrating the company's growth and stability over the years.

The corporation's assets stood at KES 14.4 billion in 2020, with a substantial portion of this being invested in government securities and other investments. This strategic investment approach has helped the company generate a significant income from dividends and interest.

Kenya Reinsurance Corporation's revenue has been steadily increasing, from KES 3.4 billion in 2015 to KES 6.5 billion in 2020. This growth can be attributed to the company's expanding portfolio of reinsurance business and its increasing market share in the region.

The company's solvency margin, which measures its ability to meet its financial obligations, has consistently been above the regulatory requirement of 150%. This demonstrates the corporation's strong financial position and ability to withstand potential risks and challenges.

Kenya Reinsurance Corporation is a state-owned reinsurer based in Nairobi, Kenya. It was established in 1978.

The company's main objective is to provide reinsurance to Kenyan insurance companies. This helps to strengthen the local insurance industry by reducing its reliance on foreign reinsurers.

As a state-owned entity, Kenya Reinsurance Corporation plays a critical role in supporting the country's economic development.

The Kenya Reinsurance Corporation has a clear ownership structure. The shares of the company are traded on the Nairobi Securities Exchange under the symbol KNRE.

The National Treasury of Kenya has a significant stake in the company, holding 60% of the shares as of 31 December 2014. This gives the government a substantial amount of influence over the company's operations.

The remaining 40% of the shares are held by other investors, collectively referred to as "Others". This group's ownership is likely diverse, comprising individual and institutional investors.

Here's a breakdown of the shareholding structure as of 31 December 2014:

Kenya Reinsurance Corporation Limited is a notable player in the insurance industry. The company reports its earnings results, which are publicly available.

In 2023, the company reported its earnings for the full year ended December 31, 2023, on May 31. This suggests that the company's financial year ends on December 31.

Kenya Reinsurance Corporation Limited also reported its earnings for the half year ended June 30, 2023, on August 27. This indicates that the company provides regular updates on its financial performance.

The company's financial reports are typically released in the form of CI, which stands for "Corporate Information".

Our expansion into Nairobi, Kenya, has been a major success story, thanks to our strategic planning. We've seen a significant increase in sales revenue in the region, with a 25% growth rate over the past year.

Our local team has been instrumental in adapting our products to meet the specific needs of the Kenyan market. They've done an excellent job of understanding the local culture and preferences, which has helped us to better serve our customers.

We've also been able to establish strong relationships with local suppliers, which has improved our supply chain efficiency and reduced costs. This has enabled us to pass the savings on to our customers, further increasing our competitiveness in the market.

Our Nairobi office has become a hub for innovation, with a team of talented professionals who are constantly looking for ways to improve our products and services. They've developed several new products that have been well-received by the market, including a mobile payment solution that has been particularly successful.

Kenya Reinsurance Corporation's valuation is substantial, with an enterprise value of up to 8.59 billion.

The company's capitalization has fluctuated over the years, reaching a high of 7.17 billion in one instance.

Here are some key valuation metrics for Kenya Reinsurance Corporation:

The company's yield has also been notable, reaching 16% in 2023 and 10.9% in 2022.

Valuation is a crucial aspect of a company's financial health.

The Kenya Reinsurance Corporation Limited's capitalization varies significantly, ranging from 44.61M to 8.59B.

A company's P/E ratio can indicate its stock value. In 2022, Kenya Reinsurance Corporation Limited's P/E ratio was 1.42x, while in 2023, it dropped to 1.06x.

Enterprise value, another key metric, measures a company's total value. Kenya Reinsurance Corporation Limited's enterprise value ranged from 12.59M to 2.43B.

The EV / Sales ratio provides insight into a company's stock value relative to its sales. Unfortunately, the EV / Sales ratio for 2023 is not available.

Free float, a measure of publicly traded shares, is not specified in the data.

Yield, or the return on investment, is an important consideration for investors. In 2022, Kenya Reinsurance Corporation Limited's yield was 10.9%, while in 2023, it rose to 16%.

Non-Life Net Incurred Losses (2010-2014) were a significant concern for many companies. The grand total of non-life net incurred losses increased from $22,052 in 2010 to $62,271 in 2014.

Motor losses were a major contributor to these totals, with a net loss of $3,544 in 2010 and a net loss of $3,873 in 2014. Property damage losses also saw a steady increase, from $17,556 in 2010 to $22,949 in 2014.

Marine losses were relatively stable, ranging from $2,439 in 2010 to $4,359 in 2014. Health losses, on the other hand, experienced a significant spike, from $0 in 2010 to $15,117 in 2014.

Here's a breakdown of the non-life net incurred losses by type for each year:

Kenya Reinsurance Corporation has a total of 163 employees. This number may seem small, but it's a significant team that helps the company operate.

The company's leadership team is comprised of experienced individuals, with the CEO, Hillary Wachinga, being 45 years old and having taken the position in 2023. The Chief Investment Officer, Nicodemus A. Gekone, has been with the company since 2008.

Here's a list of the company's directors and their titles:

As we explore the world of management and employment, let's take a closer look at the key players: Managers and Directors.

Hillary Wachinga is a 45-year-old CEO of Kenya Reinsurance Corporation Limited, taking on the role since February 28, 2023.

The team is led by experienced professionals, with Hellen Okanga serving as the Compliance Officer since March 31, 2023.

Age is not disclosed for some team members, but experience is evident, as Nicodemus A. Gekone has been the Chief Investment Officer since December 31, 2008.

The Director/Board Member roles are held by several individuals, including Hillary Wachinga, who is also 45 years old and has been in the position since March 31, 2023.

Thamuda Hassan, a 71-year-old Director/Board Member, has been in the role since June 3, 2019.

Erick Gumbo, a 47-year-old Director/Board Member, took on the role on July 3, 2019.

Here's a list of the current Directors and their roles:

The Managing Director is a crucial position in any organization. Jadiah Mwarania is the Managing Director of Kenya Reinsurance Corporation, responsible for overseeing the company's operations.

Having a clear chain of command is essential for effective management. This is evident in the role of the Managing Director, who is accountable for making key decisions and implementing strategies.

In some cases, the Managing Director may also be the CEO, but this is not always the case. Jadiah Mwarania's role as Managing Director of Kenya Reinsurance Corporation is a prime example of this distinction.

A good Managing Director should possess strong leadership skills, which enable them to motivate and guide their team towards achieving company goals.

In Kenya, the number of employees at Kenya Reinsurance Corporation is a notable example of management and employment. 163 people are employed at Kenya Reinsurance Corporation.

Kenya Reinsurance Corporation's NAICS codes provide insight into its industry classification. The NAICS codes for Kenya Reinsurance Corporation are 524, 541, 5241, 54, and 52.

Kenya Reinsurance Corporation is a leading reinsurer in Kenya, with a rich history dating back to 1979. The company was established to provide reinsurance services to the Kenyan insurance industry.

The corporation is owned by the Government of Kenya and is mandated to provide reinsurance to Kenyan insurers. It has a strong presence in the East African region and has subsidiaries in other countries.

Kenya Reinsurance Corporation is governed by a board of directors, which is responsible for setting the company's strategic direction and overseeing its operations.

Kenya Re is governed by an eleven-person Board of Directors, with Hon. Catherine Kimura serving as the Chairperson of the Board of Directors.

The Board of Directors has a clear leadership structure, with a Chairperson and a Managing Director, in this case, Dr. Hillary M. Wachinga.

This governance structure suggests a high level of organization and oversight within the company.

The SIC code is a classification system used to categorize businesses and organizations.

Kenya Reinsurance Corporation has multiple SIC codes: 63, 631, 874, and 87.

These codes help identify the type of business or industry an organization operates in.

Kenya Reinsurance Corporation has been quite active in recent years. The company reported its earnings results for the full year ended December 31, 2023 on May 31, 2024.

They have a consistent reporting schedule, releasing their earnings results for the full year in May and for the half year in August of each year. This allows investors to stay up-to-date with their financial performance.

The company has received funding from other organizations, with African Trade Insurance Agency Ltd receiving KES 87.5 million in funding from Kenya Reinsurance Corporation Ltd in August 2014.

Here are some key dates for Kenya Reinsurance Corporation's earnings releases:

Kenya Reinsurance Corporation has also expanded its operations, with plans to establish a subsidiary in Abidjan, announced in August 2013.