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Kenya Re-Insurance

Buy Kenya Re Insurance stocks

Kenya Re Insurance (NSE: KNRE) Stocks

What is Kenya Re-Insurance Corporation Limited?

Kenya Re-Insurance Corporation Limited Ord 2.50 (Kenya Re-Insurance Corporation Limited) is a Kenya-based company that traces its history to 1971 when it was incorporated in the country. Kenya Re-Insurance Corporation Limited is the oldest insurer in Central and Eastern Africa and it serves more than 265 companies across 62 countries in Africa, the Middle East, and Asia.

More than 50% of Kenya Re-Insurance Corporation Limited’s revenue is generated from foreign markets and it offers reinsurance products to general and life insurance.

Kenya Re-Insurance Corporation Limited was initially established through an Act of Parliament in December 1970 and over the past five decades, the company has expanded its operations to become a leader in the insurance business.

Kenya Re-Insurance Corporation Limited underwrites a large selection of classes involved in reinsurance and investment activities. The segments in which the company operates relate to long-term and short-term business.

The short-term business comprises of an extensive portfolio that includes:

  • Motor
  • Marine
  • Aviation
  • Fire
  • Accident

The long-term insurance segment consists of both individual and Company life insurance. The core activity of Kenya Re-Insurance Corporation Limited surrounds providing comprehensive reinsurance services to different businesses.

Kenya Re-Insurance Corporation Limited is also involved in providing traditional non-life products such as fire, accident, liability, motor, and life classes. Kenya Re-Insurance Corporation Limited also carries out technical seminars and it also conducts pricing and product development.

Kenya Re-Insurance Corporation Limited is also involved in the Retakaful business in addition to providing reinsurance capacity and technical expertise to both local and international markets.

Kenya Re-Insurance Corporation Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol KNRE. Today, Kenya Re-Insurance Corporation Limited forms part of the Insurance (Accident & Health) Industry and the Financials sector in Kenya.

Kenya Re-Insurance Corporation Limited’s executive leadership consists of Jennifer Kabura Karina as Chairman of the Board, Michael Jeti Mbeshi as the Acting Managing Director and the Executive Director, Jacqueline N. Njui as General Manager for Finance and Investments, Beth S. Nyaga as the General Manager for Reinsurance Operations, and Johnson Ireri as the Chief Accountant.

Kenya Re-Insurance Corporation Limited Performance

The current share price for Kenya Re-Insurance Corporation Limited stocks is 2.45 KES and the company has a total market capitalization of 6.89 billion KES, with a P/E ratio of 2.34 KES and earnings per share of 1.05 KES, and a total of 2.8 billion shares outstanding.

In an analysis of financial data, Kenya Re-Insurance Corporation Limited showed that profits for the 2022 mid-year period that ended in June decreased along with the total premiums earned, which was 8,835 million KES, down from the 20,954 million KES recorded for the previous period, which ended in December 2020.

Net investment income was significantly lower at 1,896 million KES, down from 4,084 million KES for the previous period. The total revenue that Kenya Re-Insurance Corporation Limited reported was 10,732 million KES, with a total operating income of 762 million KES.

Net income before taxes was 762 million KES while net income after taxes was 533 million KES. The diluted net income for the period was 533 million KES while the diluted EPS excluding ExtraOrd items was 0.19 KES.

According to an analysis on the live chart of KNRE, analysts forecast increased long-term performance while the mid-to short-term performance was poor. Kenya Re-Insurance Corporation Limited reported solid performance for the past 6 months, reporting a positive EPS, boding well for those who buy or sell KNRE stocks hoping for lucrative returns and dividends.


Highlights of Kenya Re-Insurance Corporation Limited in 2022

Kenya Re-Insurance Corporation Limited started the year with a share price of 2.32 KES and it has since gained 6.03% on this valuation, subsequently ranking it 21st on the Nairobi Securities Exchange where year-to-date performance is concerned.

Kenya Re-Insurance Corporation Limited is currently the fifth most-traded stock on the NSE. Over the past three months, KNRE experienced trading volumes of 47.1 million shares which were closed in 2,175 deals, at a value of 119 million KES during the period.

KNRE experienced a volume trading high of 10.5 million in August with a low of 13,100 in September for the same period.

 

How to buy Kenya Re-Insurance Corporation Limited stocks Step-by-step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade KNRE stocks, traders and investors can follow these simple steps:

  • Find the share that you want to purchase, in this case, “KNRE”.
  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Make your first share purchase through the broker.
  • Build and diversify your portfolio when you buy more shares.


FAQ

 

What type of company is Kenya Re-Insurance Corporation Limited?

Kenya Re-Insurance Corporation Limited is a Kenyan-based company that is involved in the underwriting of all classes of reinsurance business as well as a range of investment activities.

 

In which industry and sector does Kenya Re-Insurance Corporation Limited operate?

Kenya Re-Insurance Corporation Limited forms part of the Insurance (Accident & Health) Industry and the Financials sector in Kenya.

 

On which stock exchange does Kenya Re-Insurance Corporation Limited have shares for sale?

Kenya Re-Insurance Corporation Limited trades its equity on the Nairobi Securities Exchange (NSE) under the stock symbol KNRE.

 

What is the price of KNRE shares today?

The current price of KNRE shares is 2.45 KES .

 

Is Kenya Re-Insurance Corporation Limited a good investment?

Yes, Kenya Re-Insurance Corporation Limited is a good investment option based on its most recent financial performance as well as the trading activities that KNRE shares are experiencing.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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