CIC Insurance Group Ltd (CIC)

cic-insurance-group

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

 NAMEOWNERSHIP (%)
1.Co-operative Insurance Society Ltd74.30
2.Gideon Maina Muriuki4.70
3.Standard Chartered Nominees Non Resident A/C90110.93
4.Patrick Njogu Kariuki0.75
5.Welton Weda0.59
6.NIC Custodial Services A/C 0770.59
7.Nelson Chege Kuria0.53
8.Peter Mutarura Mwaura0.42
9.Kenya Reinsurance Corporation0.41
10.Weda & Emily Achieng Chweya Welton0.34
11.Others16.44
Total100.00

 

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 Premiums10,728,92612,310,3249,155,682
2.Profit Before Tax1,339,0861,390,3141,671,0951,649,591
3.Tax Charge/(Credit)(202,482)(301,874)(265,191)(261,390)
4.Profit for the Year1,136,6041,088,4401,405,9041,388,201
5.Total Comprehensive Income782,1071,124,5841,463,9071,402,983
6.EPS0.430.420.650.64
7.DPS0.70
8.P/E ratio8.959.07