Key Business Indicators

Our Performance

Premiums
Premium income grew by 25.2% from US$ 100.18 million in 2013 to US$ 125.44 million in 2014.

Underwriting results
In 2014 the Company’s underwriting profit increased to US$ 8.51 million from the underwriting profit of US$ 8.41 million in 2013. Net claims incurred in 2014 were US$ 51.19 million compared to the incurred claims of US$ 40.67 million in 2013.

Investments Portfolio
The investment portfolio value increased from US$ 147.11 million as at 31 December 2013 to US$ 194.15 million as at 31 December 2014, an increase of US$ 47.04 million (31.98%). This growth is attributable to cash flow surplus from operating activities and capital injection.

In 2014 Company continued portfolio diversification which increased the proportion denominated in the reporting currency, United States Dollars, and amounts held by investment grade rated counterparties.

Performance
The investment income increased from US$ 9.08 million in 2013 to US$ 10.86 million in 2014, a 19.55% growth. This was on account of the increase in the value of the investment portfolio and diversification to better yielding instruments.

Profitability
The Company achieved a profit of US$ 18.71 million in 2014 compared to US$ 15.36 million in 2013. The increase in profitability is attributable to higher investment income.

 
   2009  2010  2011  2012  2013  2014
   US$  US$  US$  US$  US$  US$
 Gross Premium Written  55,748,911  59,843,116  63,536, 571  81, 714,820  100, 181, 402  125,437,018
 Net Written Premiums  44,266,616  46,042,768  49,846,359  66,307,584  83,964,961  105,888,455
             
 Net Earned Premiums  40,214,408  44,361,208  46,489,807  60,683,391  77,695,433  96,367,104

 Investment & other Income

 8,253,469  10,117,026  11,083,593  15,255,819  14,921,584  17,619,892
 Total Income  48,467,877  54,478,234  57,573,400  75,939,210  92,617,017  113, 986,996
 Claims Incurred  23,437,454  27,097,758  26,103,374  30,355,413  40,667,775  51,190,046
 Commissions & other operating 
 expenses
 18,602,983  22,133,214  22,693,198  33,902,114  36,586,089  44,091,207
 Profit for the year  6,427,440  5,247,262 8,776,828   11,681,683  15,363,153  18,705,743
 Dividend (Paid Capitalized)  1,200,000  1,311,000 1,573,200   2,359,800  3,226,200  4,115,300
             
 Total Assets  87,128,548  103,110,370  130,337,123  154,088,372  201,843,403  255,731,818
 Total Equity  44,474,180  49,987,272  66,656,019  78,774,739  105,728,865 143,546,785

Our Partners

Office Contacts



Head Office

NAIROBI, KENYA
8th Floor, ZEP-RE Place,
Longonot Road, Upper Hill,
P.O Box 42769-00100,
Nairobi, Kenya
Telephone: +254-020 4973000/2738221



Regional Hub

ABIDJAN, CÔTE D’IVOIRE
Cocody Canebiere, Cocody,
08 BP 3791 Abidjan 08,
Côte d’Ivoire,
Téléphone : +225 22 40 27 85 / +225 55 61 71 01



Country Office

DOUALA, CAMEROON
IMM.SCI NESCO,
Face Ancienne Boulangerie Chococho, 
Bonapriso - Douala
B. P. 1172, Cameroon
Telephone: +237 233 42 07 67 / 04 52/11 23


Country Office
LUSAKA, ZAMBIA
No. 54, Plot No. 356184,
Base Park (Diamond Park), Alick Nkhata Rd
P. O. Box 36966
Lusaka, Zambia
Telephone: +260 211 252586


Regional Hub
HARARE, ZIMBABWE
16th Floor -North Wing, Joina City 
Cnr Jason Moyo and Inez Terrace
Harare, Zimbabwe
Telephone: +263 4 777 929/932


Retakaful Window
KHARTOUM, SUDAN
Reinsurance House Building
P. O. Box 3224
Khartoum, Sudan
Telephone: +249 183 799357/8/9

UGANDA OFFICE
Kampala, Uganda
Lourdel Towers, 5th Floor
Nakasero Kampala

ETHIOPIA OFFICE
Addis Ababa, Ethiopia
Snap Building, 8th Floor Bole Road,
Addis Ababa, Ethiopia
Tel +251 911 977970Tel +251 911 977970
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