Kenyan (NSE) Insurance Industry Analysis

Industry Valuation and Performance

Has the Kenyan Insurance Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 25 Jul 2026	KSh111.2b	KSh150.9b	KSh17.3b	6.6x	6.4x	0.7x
Mon, 22 Jun 2026	KSh94.5b	KSh150.8b	KSh17.3b	5.3x	5.5x	0.6x
Wed, 20 May 2026	KSh95.6b	KSh150.8b	KSh17.1b	5.2x	5.6x	0.6x
Fri, 17 Apr 2026	KSh98.2b	KSh155.3b	KSh16.9b	5.4x	5.8x	0.6x
Sun, 15 Mar 2026	KSh104.3b	KSh136.4b	KSh18.6b	5.6x	5.6x	0.8x
Tue, 10 Feb 2026	KSh87.9b	KSh135.7b	KSh19.3b	4.4x	4.6x	0.6x
Thu, 08 Jan 2026	KSh84.9b	KSh135.7b	KSh19.3b	4.4x	4.4x	0.6x
Sat, 06 Dec 2025	KSh79.7b	KSh135.7b	KSh19.3b	4.3x	4.1x	0.6x
Mon, 03 Nov 2025	KSh82.2b	KSh136.0b	KSh19.5b	4.4x	4.2x	0.6x
Wed, 01 Oct 2025	KSh84.1b	KSh136.0b	KSh19.5b	4.5x	4.3x	0.6x
Fri, 29 Aug 2025	KSh80.4b	KSh134.9b	KSh19.3b	4.2x	4.2x	0.6x
Sun, 27 Jul 2025	KSh68.0b	KSh134.9b	KSh19.3b	3.5x	3.5x	0.5x
Tue, 24 Jun 2025	KSh60.5b	KSh134.9b	KSh19.3b	3.2x	3.1x	0.4x
Thu, 22 May 2025	KSh59.1b	KSh143.1b	KSh18.6b	3.4x	3.2x	0.4x
Sat, 19 Apr 2025	KSh56.3b	KSh144.9b	KSh18.7b	3.2x	3x	0.4x
Mon, 17 Mar 2025	KSh59.3b	KSh134.2b	KSh15.7b	4.4x	3.8x	0.4x
Wed, 12 Feb 2025	KSh53.6b	KSh134.2b	KSh15.7b	3.8x	3.4x	0.4x
Fri, 10 Jan 2025	KSh48.6b	KSh133.6b	KSh15.2b	4.1x	3.2x	0.4x
Sun, 08 Dec 2024	KSh43.1b	KSh133.6b	KSh15.2b	3.6x	2.8x	0.3x
Tue, 05 Nov 2024	KSh42.8b	KSh133.6b	KSh15.2b	3.8x	2.8x	0.3x
Thu, 03 Oct 2024	KSh43.4b	KSh133.6b	KSh15.2b	3.6x	2.8x	0.3x
Sat, 31 Aug 2024	KSh40.2b	KSh131.9b	KSh14.4b	3.5x	2.8x	0.3x
Mon, 29 Jul 2024	KSh43.2b	KSh130.0b	KSh14.5b	3.6x	3x	0.3x
Wed, 26 Jun 2024	KSh44.4b	KSh133.7b	KSh14.5b	3.9x	3.1x	0.3x
Fri, 24 May 2024	KSh42.6b	KSh146.2b	KSh13.6b	4.1x	3.1x	0.3x
Sun, 21 Apr 2024	KSh43.4b	KSh140.4b	KSh13.5b	4.1x	3.2x	0.3x
Tue, 19 Mar 2024	KSh41.1b	KSh140.4b	KSh13.5b	3.7x	3x	0.3x
Thu, 15 Feb 2024	KSh40.1b	KSh140.4b	KSh13.5b	3.5x	3x	0.3x
Sat, 13 Jan 2024	KSh40.9b	KSh140.4b	KSh13.5b	3.9x	3x	0.3x
Mon, 11 Dec 2023	KSh40.0b	KSh143.4b	KSh13.4b	4x	3x	0.3x
Wed, 08 Nov 2023	KSh38.9b	KSh143.4b	KSh13.4b	3.7x	2.9x	0.3x
Fri, 06 Oct 2023	KSh39.1b	KSh143.4b	KSh13.4b	3.8x	2.9x	0.3x
Sun, 03 Sep 2023	KSh39.7b	KSh141.0b	KSh13.0b	5.1x	3.1x	0.3x
Tue, 01 Aug 2023	KSh40.2b	KSh141.0b	KSh13.0b	5.4x	3.1x	0.3x

Current Industry PE

Investors are optimistic on the Kenyan Insurance industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 6.4x which is higher than its 3-year average PE of 3.7x.

The industry is trading close to its 3-year average PS ratio of 0.43x.

Past Earnings Growth

The earnings for companies in the Insurance industry have grown 10.0% per year over the last three years.
Revenues for these companies have grown 2.3% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Kenyan Financials industry?


KE Market	0.40%
Financials	0.53%
Insurance	-0.56%
Life and Health Insurance	2.12%
Reinsurance	0.85%
General Insurance	-1.01%

Industry PE

Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 4.2x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Reinsurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.2x.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Company	Last Price	7D	1Y	Valuation
CIC CIC Insurance Group	KSh4.68	2.4% +KSh316.5m	39.3%	PE22.9x
LBTY Liberty Kenya Holdings	KSh9.28	4.3% +KSh203.6m	-15.6%	PE7.9x
SLAM Sanlam Allianz Holdings (Kenya)	KSh8.86	3.0% +KSh141.3m	9.4%	PE5.8x

Company

Last Price

Valuation

CIC CIC Insurance Group

KSh4.68

2.4%
+KSh316.5m

39.3%

PE22.9x

LBTY Liberty Kenya Holdings

KSh9.28

4.3%
+KSh203.6m

-15.6%

PE7.9x

SLAM Sanlam Allianz Holdings (Kenya)

KSh8.86

3.0%
+KSh141.3m

9.4%

PE5.8x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 277% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Shareholders have been substantially diluted in the past year (277% increase in shares outstanding). Minor Risk Market cap is less than US$100m (KSh4.40b market cap, or US$34.0m).

Kenyan (NSE) Insurance Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New minor risk - Share price stability

New major risk - Shareholder dilution

Insufficient new directors

Upcoming dividend of KSh0.15 per share

Jubilee Holdings Limited to Report First Half, 2026 Results on Aug 27, 2026

Liberty Kenya Holdings Plc to Report First Half, 2026 Results on Aug 17, 2026