Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Non Executive Director Agnes Gathaiya was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 13
The CIC Insurance Group Plc to Report First Half, 2026 Results on Aug 28, 2026 The CIC Insurance Group Plc announced that they will report first half, 2026 results on Aug 28, 2026 Upcoming Dividend • Apr 17
Upcoming dividend of KSh0.13 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Kenyan dividend payers (7.5%). Lower than average of industry peers (3.9%). New Risk • Apr 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 9.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: KSh0.21 (vs KSh0.94 in FY 2024) Full year 2025 results: EPS: KSh0.21 (down from KSh0.94 in FY 2024). Revenue: KSh33.6b (up 14% from FY 2024). Net income: KSh513.8m (down 81% from FY 2024). Profit margin: 1.5% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 02
Dividend of KSh0.13 announced Shareholders will receive a dividend of KSh0.13. Ex-date: 24th April 2026 Payment date: 9th June 2026 Dividend yield will be 2.9%, which is lower than the industry average of 3.4%. Sustainability & Growth The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 54% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 01
The CIC Insurance Group Plc announces Annual dividend, payable on June 09, 2026 The CIC Insurance Group Plc announced Annual dividend of KES 0.1300 per share payable on June 09, 2026, ex-date on April 24, 2026 and record date on April 23, 2026. Announcement • Mar 31
The CIC Insurance Group Plc, Annual General Meeting, May 08, 2026 The CIC Insurance Group Plc, Annual General Meeting, May 08, 2026. New Risk • Mar 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: KSh12.8b (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (KSh12.8b market cap, or US$98.8m). New Risk • Feb 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Kenyan stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to KSh5.52, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 5x in the Insurance industry in Kenya. Total returns to shareholders of 263% over the past three years. New Risk • Jan 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: KSh12.5b (US$97.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (KSh12.5b market cap, or US$97.2m). New Risk • Nov 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: KSh12.9b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (KSh12.9b market cap, or US$99.7m). Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Ludia Rono was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to KSh4.28, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 4x in the Insurance industry in Kenya. Total returns to shareholders of 172% over the past three years. New Risk • Sep 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (KSh12.4b market cap, or US$96.2m). Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to KSh5.56, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 4x in the Insurance industry in Kenya. Total returns to shareholders of 251% over the past three years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to KSh3.97, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 4x in the Insurance industry in Kenya. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to KSh3.36, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 3x in the Insurance industry in Kenya. Total returns to shareholders of 119% over the past three years. New Risk • May 16
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (KSh7.35b market cap, or US$56.8m). Upcoming Dividend • Apr 16
Upcoming dividend of KSh0.13 per share Eligible shareholders must have bought the stock before 23 April 2025. Payment date: 18 June 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Kenyan dividend payers (9.9%). In line with average of industry peers (4.0%). New Risk • Apr 05
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Market cap is less than US$100m (KSh7.79b market cap, or US$60.2m). Announcement • Mar 30
The CIC Insurance Group Plc announces Annual dividend, payable on June 18, 2025 The CIC Insurance Group Plc announced Annual dividend of KES 0.1300 per share payable on June 18, 2025, ex-date on April 23, 2025 and record date on April 22, 2025. Announcement • Mar 28
The CIC Insurance Group Plc, Annual General Meeting, May 09, 2025 The CIC Insurance Group Plc, Annual General Meeting, May 09, 2025. New Risk • Dec 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (KSh5.34b market cap, or US$41.2m). Upcoming Dividend • May 29
Upcoming dividend of KSh0.13 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 08 July 2024. Trailing yield: 5.7%. Lower than top quartile of Kenyan dividend payers (12%). Higher than average of industry peers (4.6%). Announcement • May 16
The CIC Insurance Group Plc, Annual General Meeting, Jun 07, 2024 The CIC Insurance Group Plc, Annual General Meeting, Jun 07, 2024, at 10:00 E. Africa Standard Time. New Risk • Apr 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (KSh6.25b market cap, or US$48.0m). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to KSh2.41, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 4x in the Insurance industry in Kenya. Total returns to shareholders of 16% over the past three years. New Risk • Nov 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (KSh5.23b market cap, or US$34.4m). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to KSh2.19, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 4x in the Insurance industry in Kenya. Total returns to shareholders of 7.9% over the past three years. Reported Earnings • Sep 24
First half 2023 earnings released: EPS: KSh0.28 (vs KSh0.14 in 1H 2022) First half 2023 results: EPS: KSh0.28 (up from KSh0.14 in 1H 2022). Revenue: KSh14.1b (up 33% from 1H 2022). Net income: KSh705.5m (up 87% from 1H 2022). Profit margin: 5.0% (up from 3.5% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Sep 21
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Market cap is less than US$100m (KSh5.36b market cap, or US$36.4m). Upcoming Dividend • May 02
Upcoming dividend of KSh0.13 per share at 7.5% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 26 May 2023. Trailing yield: 7.5%. Lower than top quartile of Kenyan dividend payers (11%). Higher than average of industry peers (5.5%). Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: KSh0.40 (vs KSh0.23 in FY 2021) Full year 2022 results: EPS: KSh0.40 (up from KSh0.23 in FY 2021). Revenue: KSh22.3b (up 19% from FY 2021). Net income: KSh1.09b (up 86% from FY 2021). Profit margin: 4.9% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non Executive Director Rogers Kinoti was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Group Independent Chairman Nelson Kuria was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Feb 11
New 90-day high: KSh2.19 The company is up 6.0% from its price of KSh2.06 on 13 November 2020. The Kenyan market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 1.0% over the same period.