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2 Pages<12
CIC Insurance Group Plc's FY 2018
Ericsson
#21 Posted : Wednesday, May 01, 2019 7:44:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,571
Location: NAIROBI
winmak wrote:
Ericsson wrote:
CIC Insurance is capitalizing on mistakes made by Jubilee,Britam and Old Mutual UAP


Which mistakes are these?


You saw Britam's Unit trust Mkt share is reducing as per CMA stats.
Jubilee recorded a decline in Earned premiums
VituVingiSana
#22 Posted : Wednesday, May 01, 2019 11:50:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,714
Location: Nairobi
Ericsson wrote:
winmak wrote:
Ericsson wrote:
CIC Insurance is capitalizing on mistakes made by Jubilee,Britam and Old Mutual UAP


Which mistakes are these?


You saw Britam's Unit trust Mkt share is reducing as per CMA stats.
Jubilee recorded a decline in Earned premiums

“[A great insurance manager] follows the policy of sticking with business that he understands and wants, without giving consideration to the impact on volume.” Warren Buffet's 1978 letter page 6.
“We hear about a great many insurance managers talk about being willing to reduce volume in order to underwrite profitably, but we find that very few actually do so.” Warren Buffett's 1979 letter page 5.

While it is common to talk about writing business only with strict underwriting criteria, it is hard to avoid the siren song of growth, especially for publicly traded carriers that have to worry about investors who only care about next quarter. Though it is challenging, a good underwriter must practice discipline in choosing the risks that it insures. Profitable companies will understand that this may mean growing more slowly or less than the year before but will assure profitability.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
heri
#23 Posted : Tuesday, May 14, 2019 3:37:02 PM
Rank: Member


Joined: 9/14/2011
Posts: 665
Location: nairobi
My ABP is 4.75 . 30% down . I need money to buy at 3 bob
Ericsson
#24 Posted : Tuesday, May 14, 2019 3:41:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,571
Location: NAIROBI
heri wrote:
My ABP is 4.75 . 30% down . I need money to buy at 3 bob


You can fuliza
VituVingiSana
#25 Posted : Wednesday, May 15, 2019 1:05:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,714
Location: Nairobi
CIC boss Tom Gitogo buys 4.2m shares
https://www.businessdail...5206-ui45vfz/index.html

"He now holds 9.5 million shares currently worth Sh32.3 million, up from 5.3 million shares he held in 2017."

Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#26 Posted : Wednesday, May 15, 2019 3:17:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,571
Location: NAIROBI
VituVingiSana wrote:
CIC boss Tom Gitogo buys 4.2m shares
https://www.businessdail...5206-ui45vfz/index.html

"He now holds 9.5 million shares currently worth Sh32.3 million, up from 5.3 million shares he held in 2017."

Applause Applause Applause


Share price up 10% today
babashuge
#27 Posted : Wednesday, May 15, 2019 6:53:32 PM
Rank: Hello


Joined: 1/4/2019
Posts: 4
Location: Nairobi
VituVingiSana wrote:
CIC boss Tom Gitogo buys 4.2m shares
https://www.businessdail...5206-ui45vfz/index.html

"He now holds 9.5 million shares currently worth Sh32.3 million, up from 5.3 million shares he held in 2017."

Applause Applause Applause



...when i grow up
Ericsson
#28 Posted : Thursday, May 16, 2019 10:05:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,571
Location: NAIROBI
babashuge wrote:
VituVingiSana wrote:
CIC boss Tom Gitogo buys 4.2m shares
https://www.businessdail...5206-ui45vfz/index.html

"He now holds 9.5 million shares currently worth Sh32.3 million, up from 5.3 million shares he held in 2017."

Applause Applause Applause



...when i grow up


Share price got a boost today.
VituVingiSana
#29 Posted : Friday, May 17, 2019 10:07:15 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,714
Location: Nairobi
When the CEO is adding shares it sends a positive signal. Though his purchases are just a fraction of his total remuneration but still very positive given the quantity he purchased.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#30 Posted : Friday, May 17, 2019 1:21:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,571
Location: NAIROBI
An insurance company to watch out
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