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Britam Holdings Plc (BRIT) Realtime Stock Quote | Nairobi Securities Exchange | myStocks

Britam Holdings Plc (BRIT)

   
End of day - Dec 08, 2023
5.02
+0.02 (+0.40%)
5.00
Previous
 5.02   +0.02 (+0.40%)
End of day - Dec 08, 2023
5.10
High
5.00
Low
1,200
Volume
6,020.00
Turnover
 4.00 - 5.86
52-week Range
 
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Market Commentary

The economy is partly struggling because of excessive importation of cheaper goods. Chinese contractors come with their equipment, materials, cement and labour. Local manufacturers struggle to compete with Chinese products. It's a ruthless battle and battles are costly.
Acquisition is expected to bolster Pan Africa Insurance returns
Jubilee has shown a consistent growth in both the top and bottom line over the years, showing superior performance on majority of financial analysis metrics
CIC Insurance released its 2013 year end results which registered a marginal rise in profitability. Profits before tax stood at KES 1.67 billion, up 1.3% from KES 1.64 billion in 2012 due to increase in claims incurred and operating expenses.
Britam reported a profit of KES 3.2 billion up from 2.8 billion in the previous year, heralding a growth of 12.2% in the year. The good news was translated into dividends as the company announced a dividend of KES 0.25 per share.
Housing finance full year results for 2013 are out. The consolidated group's profit after tax stood at KES 995 million, a 33.9% growth from the 2012 full year results.

Brief Company Profile

Market Segment: Main Investment Segment
Sector: Insurance

British-American Investments Company (Kenya) Limited is a holding and investment company for insurance, investment management and property businesses in Kenya, Uganda, Rwanda, South Sudan, Tanzania, Malawi and Mozambique following the acquisition of Real Insurance in 2014. The Company's business segments include long term insurance business, short term insurance business, asset management, property , banking and other services. Britam is the banking industry through a 10.64% stake in equity bank and 48.82% in Housing Finance. The long term insurance business segment includes protection of its customers against the risk of premature death, disability, critical illness and other accidents. The short term insurance business segment includes the protection of customers' assets (both for personal and commercial business). The asset management segment products include discretionary/segregated portfolio management services and wealth management services. The property segment includes purchases and sales of property. The corporate and other segment includes corporate operations, after allocations to operating segments.

The Company strategy has a strong emphasis on risk managment based on three lines of defense which are: Ensuring sound corporate governance policies, indipendent risk monitoring at group level and indipendent assurance through external audit. The company has a diversified product offering with innovative products such as cash management solutions which are short term fixed deposits and active strategies which are high risk high return products based on frequency of trading. The company has also tapped the micro-insurance market through strategic partnerships with entities like Safaricom for ease of access. 

 

Jan 16, 2017
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