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Cic Insurance Group Limited (Kenya)

Main Activities: Insurance Carriers | Insurance and Employee Benefit Funds | Management of Companies and Enterprises
Full name: Cic Insurance Group Limited Profile Updated: July 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

CIC Insurance Group is leading Micro and Co-operative insurance provider in Kenya with its subsidiaries involved in fund and asset management, general, medical insurance and life insurance, pension and annuities. The group's headquarters are located in Nairobi, Kenya. CIC Insurance Group was founded in 1978 as the Co-operative Insurance Company of Kenya. It is the only co-operative insurance company in Africa, wholly owned by about 1,500 co-operative societies and about 5,000 individual co-operative members. CIC has grown to become the third largest insurance company in Kenya, with 1.3 million clients and a capital base of 11.1 billion Kenyan shillings (130 million US dollars).

Headquarters
Cic Plaza, Upper Hill, Mara Road, P. O. Box 59485 - 00200
Nairobi; Nairobi;

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Website: http://www.cic.co.ke

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1978
Key Executives
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Chairman
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Vice Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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55.8%
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1.03%
Subsidiaries
Cic Africa (Uganda) Limited (Uganda)
Cic Africa Co-Operatives Insurance (Malawi) Limited (Malawi)
Cic Africa Insurance (Ss) Limited (South Africa)
Company Performance
Financial values in the chart are available after Cic Insurance Group Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KES. Absolute financial data is included in the purchased report.
Net insurance premium revenue
1385.53%
Operating profit (EBIT)
759.81%
Net Profit (Loss) for the Period
0.64%
Total assets
14.25%
Investments
108.38%
Receivables
-26.1%
Total equity
4.45%
Net Premiums Earned Trend
1292.42%
Net Profit Trend
-167.53%
Return on Equity (ROE)
-0.29%
Underwriting Expenses Ratio
-62.77%

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