Company The CIC Insurance Group Plc

Equities

CIC

KE2000002317

Multiline Insurance & Brokers

End-of-day quote Nairobi S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
2.2 KES -1.79% Intraday chart for The CIC Insurance Group Plc -5.98% -1.79%

Business Summary

CIC Insurance Group Plc is an insurance group organized around 2 areas of activity:

- non-life insurance (65.4% of gross earned premiums): primarily car insurance (33.9% of gross earned premiums), medical insurance (33.7%), fire insurance (7.9%), theft insurance (5.8%), engineering insurance (3.7%), accident insurance (2%), and liability insurance (0.9%);

- life insurance (34.6%).

All gross earned premiums are in Kenya.

Number of employees: 734

Sales per Business

KES in Million2021Weight2022Weight Delta
General Insurance
59.0 %
11,205 58.5 % 13,280 59.0 % +18.52%
Long-term Assurance
32.9 %
6,153 32.1 % 7,407 32.9 % +20.39%
Asset Management
5.3 %
903 4.7 % 1,204 5.3 % +33.29%
Other Gains/(Losses)
1.9 %
264 1.4 % 423 1.9 % +60.33%
Foreign Exchange Gain
0.8 %
398 2.1 % 174 0.8 % -56.27%
Other Business
0.1 %
245 1.3 % 20 0.1 % -91.65%

Sales per region

KES in Million2021Weight2022Weight Delta
Kenya
90.3 %
13,246 90.1 % 15,776 90.3 % +19.09%
Malawi
4.5 %
727 4.9 % 781 4.5 % +7.46%
Uganda
3.5 %
538 3.7 % 610 3.5 % +13.53%
Sudan
1.7 %
191 1.3 % 302 1.7 % +57.56%

Managers

Managers TitleAgeSince
Chief Executive Officer 56 20-06-21
Director of Finance/CFO - 21-05-31
Chief Tech/Sci/R&D Officer 44 15-08-31
Compliance Officer 47 10-12-31
Chief Administrative Officer 57 12-12-31
Sales & Marketing 58 14-05-31
Corporate Officer/Principal 56 98-12-31
Comptroller/Controller/Auditor 46 07-12-31
General Counsel 52 10-12-31

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 70 97-12-31
Chief Executive Officer 56 20-06-21
Director/Board Member 72 08-12-31
Director/Board Member 68 06-05-18
Director/Board Member 56 07-12-31
Director/Board Member 47 21-06-28
Director/Board Member 57 16-04-30
Director/Board Member - 22-09-04
Director/Board Member 53 21-05-19

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 2,615,578,000 423,417,495 ( 16.19 %) 0 16.19 %

Shareholders

NameEquities%Valuation
Lemanik Invest SA
2.286 %
59,800,000 2.286 % 1 M KES

Company contact information

CIC Insurance Group Ltd.

CIC Plaza Mara Road

00200, Nairobi

+

http://www.cicinsurancegroup.com
address The CIC Insurance Group Plc(CIC)
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