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
| NAME | OWNERSHIP (%) | |
|---|---|---|
| 1. | Government of Kenya | 60.000 |
| 2. | Nile Capital Management LLC | 0.810 |
| 3. | Compass Asset Management SA | 0.200 |
| 4. | Mori Capital Management Ltd. | 0.110 |
| 5. | Pension Reserves Investment Management Board | 0.024 |
| 6. | Trans Africa Invest GmbH | 0.020 |
| 7. | ICEA LION Asset Management Ltd. | 0.010 |
| 8. | Others | 38.826 |
| Total | 100.000 |
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 Premiums | 11,680,662 | 10,313,408 | 8,581,830 | 7,054,315 | |
| 2. | Total Income | 16,035,726 | 14,036,932 | 11,661,605 | 10,599,127 | |
| 3. | Profit Before Tax | 4,390,705 | 3,919,732 | 3,268,803 | 2,944,635 | |
| 4. | Income Tax Expense | (957,086) | (782,560) | (268,372) | (142,743) | |
| 5. | Profit for the Year | 3,433,619 | 3,137,735 | 3,000,431 | 2,801,892 | |
| 6. | Total Comprehensive Income | 2,310,794 | 3,417,735 | 3,516,746 | 3,340,932 | |
| 7. | EPS | 4.90 | 4.48 | 4.29 | 4.00 | |
| 8. | DPS | 0.70 | ||||
| 9. | P/E ratio | 4.46 | 5.02 |