Company Overview:
CIC Insurance Group is leading Micro and Co-operative insurance provider in Kenya with its subsidiaries involved in fund and asset management, general, medical insurance and life insurance, pension and annuities. The group’s headquarters are located in Nairobi, Kenya. CIC Insurance Group was founded in 1978 as the Co-operative Insurance Company of Kenya. The CIC Group, is an insurance and investment group that operating mainly in Kenya, Uganda, South Sudan and Malawi. It has a network of branches and operational subsidiaries spread across the 4 countries.
Shares Issued: 2.65B
Trading Year End: December 31
CIC INSURANCE GROUP LTD (CIC) TOP SHAREHOLDERS
| NAME | OWNERSHIP (%) | |
|---|---|---|
| 1. | Co-operative Insurance Society Ltd | 74.30 |
| 2. | Gideon Maina Muriuki | 4.70 |
| 3. | Standard Chartered Nominees Non Resident A/C9011 | 0.93 |
| 4. | Patrick Njogu Kariuki | 0.75 |
| 5. | Welton Weda | 0.59 |
| 6. | NIC Custodial Services A/C 077 | 0.59 |
| 7. | Nelson Chege Kuria | 0.53 |
| 8. | Peter Mutarura Mwaura | 0.42 |
| 9. | Kenya Reinsurance Corporation | 0.41 |
| 10. | Weda & Emily Achieng Chweya Welton | 0.34 |
| 11. | Others | 16.44 |
| Total | 100.00 |
CIC INSURANCE GROUP LTD (CIC)
| FY 2016 (Ksh.000) | FY 2015 (Ksh.000) | FY 2014 (Ksh.000) | FY 2013 (Ksh.000) | FY 2012 (Ksh.000) | ||
|---|---|---|---|---|---|---|
| 1. | Net Earned Premiums | 10,728,926 | 12,310,324 | 9,155,682 | ||
| 2. | Profit Before Tax | 1,339,086 | 1,390,314 | 1,671,095 | 1,649,591 | |
| 3. | Tax Charge/(Credit) | (202,482) | (301,874) | (265,191) | (261,390) | |
| 4. | Profit for the Year | 1,136,604 | 1,088,440 | 1,405,904 | 1,388,201 | |
| 5. | Total Comprehensive Income | 782,107 | 1,124,584 | 1,463,907 | 1,402,983 | |
| 6. | EPS | 0.43 | 0.42 | 0.65 | 0.64 | |
| 7. | DPS | 0.70 | ||||
| 8. | P/E ratio | 8.95 | 9.07 |