CIC Insurance Group PLC 2019 Integrated Report
The report highlights CIC Insurance Group's performance for the fiscal year 2019, during which gross written premiums grew by 7% to KShs 17.7 billion, and total assets increased by 7% to KShs 35.3 billion. Despite these gains, profit before tax declined by 40% to KShs 386 million due to an increase in claims expenses and flat growth in net earned premiums. The group's regional subsidiaries in Uganda and Malawi broke even for the first time, while CIC Asset Management led the market with a 40% share and KShs 51 billion in assets under management. Additionally, the group successfully repaid its KShs 5 billion corporate bond upon maturity.
Company: CIC Insurance Group PLC
Sector: Finance & insurance
Country: Kenya
Year: 2019
Type: Integrated Report
Pages: 228
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CIC Insurance Group PLC
Integrated Financial Report
The report highlights CIC Insurance Group's performance for the fiscal year 2019, during which gross written premiums grew by 7% to KShs 17.7 billion, and total assets increased by 7% to KShs 35.3 billion. Despite these gains, profit before tax declined by 40% to KShs 386 million due to an increase in claims expenses and flat growth in net earned premiums. The group's regional subsidiaries in Uganda and Malawi broke even for the first time, while CIC Asset Management led the market with a 40% share and KShs 51 billion in assets under management. Additionally, the group successfully repaid its KShs 5 billion corporate bond upon maturity.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees