Kenya Re-Insurance Corporation Ltd (KNRE)

kenya-re

Company Overview:

Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. It was established through an Act of Parliament in December 1970 and commenced business in January 1971. Its core activity is providing reinsurance services for most classes of business. Since its inception, Kenya Re has progressively and consistently continued to provide reinsurance services to more than 265 companies spread out in over 62 countries in Africa, Middle East and Asia. Kenya Re is committed to offering world-class reinsurance service. In 2004, the Corporation made an effort to benchmark its services with international standards by subjecting itself to a rating process by an International rating Agency, A. M Best .It was rated B+ (Very Good). The Corporation has successfully maintained this rating to date. The Corporation is also rated AA by Global Credit Rating.

Shares Issued:                         699.95M

Trading Year End:                December 31

KENYA RE-INSURANCE CORPORATION LTD (KNRE) TOP SHAREHOLDERS

 NAMEOWNERSHIP (%)
1.Government of Kenya60.000
2.Nile Capital Management LLC0.810
3.Compass Asset Management SA0.200
4.Mori Capital Management Ltd.0.110
5.Pension Reserves Investment Management Board0.024
6.Trans Africa Invest GmbH0.020
7.ICEA LION Asset Management Ltd.0.010
8.Others38.826
Total100.000

 

KENYA RE-INSURANCE CORPORATION LTD (KNRE) FINANCIALS

  FY 2016 (Ksh.000)FY 2015 (Ksh.000)FY 2014 (Ksh.000)FY 2013 (Ksh.000)FY 2012 (Ksh.000)
1.Net Earned Premiums11,680,66210,313,4088,581,8307,054,315
2.Total Income16,035,72614,036,93211,661,60510,599,127
3.Profit Before Tax4,390,7053,919,7323,268,8032,944,635
4.Income Tax Expense(957,086)(782,560)(268,372)(142,743)
5.Profit for the Year3,433,6193,137,7353,000,4312,801,892
6.Total Comprehensive Income2,310,7943,417,7353,516,7463,340,932
7.EPS4.904.484.294.00
8.DPS0.70
9.P/E ratio4.465.02