Sharp Daily
No Result
View All Result
Saturday, August 30, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya-Re to Distribute Kshs 560 Million in Dividends to Shareholders Amid Rise in Net Profits

Joel Mugonyi by Joel Mugonyi
June 22, 2023
in News
Reading Time: 1 min read
Kenya RE 2023- the star

Kenya Reinsurance Corporation will pay shareholders a total of Kshs 560 million in dividends, after recording a 7.0% rise in net profits in the year ending December 31, 2022. Each shareholder will receive Kshs 0.20 in dividends per share, up from Kshs 0.10 in the same period in the previous year. A high pay-out came after its net profit rose by Kshs 0.46 billion to Kshs 3.62 billion in 2022 from Kshs 3.16 billion in the review period. The improved income is attributable to an improved reinsurance portfolio, efficient processing of claims, and intermediaries, among others.

Read more: Kenya Reinsurance Corporation Announces Kshs 3.6 billion Net Profit

The Managing Director of the firm, Hillary Maina, adds that the firm’s five-year business strategy has continued to reap dividends with non-funded incoming growth and robust growth from the fire and engineering classes of business. He further acknowledged that the financial year under review has been momentous for the firm in scaling its innovation and digital business, with approximately 21% of all claims settled via their digitized process.

Read more: Storm Over State Plan to Tax Insurance Payouts

RELATEDPOSTS

Can Kenya’s insurance sector grow without strengthening reinsurance?

April 8, 2025
Airplane on travel suitcase and stethoscope on blue background. Travel insurance and medical tourism concept.

Why people should be allowed to choose their own insurance

February 6, 2025

The firm’s gross premiums rose by 23.0% to Kshs25.0 billion, with a net earned premium of Kshs22.2 billion attributable to intensified market engagements and diversification of portfolios. Operating expenses were reduced by 16% from Kshs 2.10 billion to Kshs 1.8 billion. Investment income rose by Kshs0.08 billion to Kshs 3.74 billion from Kshs 3.66 billion. Claims incurred went up by 30% to Kshs 13.87 billion from the previous Kshs 10.64 billion.

Previous Post

Kenya Aims to Boost Agricultural Sector, Reduce Number of Food-Insecure Kenyans by 50%

Next Post

Kenya’s Senate and Council of Governors Call for a Devolution Bond

Joel Mugonyi

Joel Mugonyi

Related Posts

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024