CIC Insurance Group Management
Management criteria checks 3/4
CIC Insurance Group's CEO is Patrick Nyaga, appointed in Jan 2020, has a tenure of 4.5 years. directly owns 1.01% of the company’s shares, worth KES54.38M. The average tenure of the management team and the board of directors is 5 years and 3.8 years respectively.
Key information
Patrick Nyaga
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 4.5yrs |
| CEO ownership | 1.0% |
| Management average tenure | 5yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | KSh1b |
| Sep 30 2023 | n/a | n/a | KSh935m |
| Jun 30 2023 | n/a | n/a | KSh2b |
| Mar 31 2023 | n/a | n/a | KSh1b |
| Dec 31 2022 | KSh64m | KSh44m | KSh156m |
| Sep 30 2022 | n/a | n/a | KSh488m |
| Jun 30 2022 | n/a | n/a | KSh706m |
| Mar 31 2022 | n/a | n/a | KSh648m |
| Dec 31 2021 | KSh59m | KSh44m | KSh589m |
| Sep 30 2021 | n/a | n/a | KSh476m |
| Jun 30 2021 | n/a | n/a | KSh362m |
| Mar 31 2021 | n/a | n/a | KSh65m |
| Dec 31 2020 | KSh97m | KSh23m | -KSh233m |
Compensation vs Market: Insufficient data to establish whether Patrick's total compensation is reasonable compared to companies of similar size in the KE market.
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Nyaga (56 yo)
4.5yrs
Tenure
KSh63,674,613
Compensation
Mr. Patrick Nyaga serves as Group Chief Executive Officer at The CIC Insurance Group Plc (formerly known as CIC Insurance Group Limited) since 2020 and serves as its Executive Director since September 29,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 4.5yrs | KSh63.67m | 1.01% KES 54.4m | |
| Group Chief Finance Officer | no data | no data | no data | |
| Group Chief Information Officer | 8.8yrs | no data | no data | |
| Group Company Secretary & Chief Legal Officer | no data | no data | no data | |
| Group Risk & Compliance Manager | no data | no data | no data | |
| Acting Head of Marketing & Communications | no data | no data | no data | |
| Acting Director of People & Culture | no data | no data | no data | |
| Managing Director of CIC General Insurance Limited | no data | no data | no data | |
| Managing Director of CIC Africa Insurance (SS) Limited | no data | no data | no data | |
| Managing Director of CIC Africa Co-operatives Insurance Ltd | 5.5yrs | no data | no data | |
| Managing Director of CIC Life Assurance Ltd | 3yrs | no data | no data | |
| Managing Director of CIC Africa (Uganda) Limited | no data | no data | no data |
5.0yrs
Average Tenure
45yo
Average Age
Experienced Management: CIC's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 3.8yrs | KSh63.67m | 1.01% KES 54.4m | |
| Non-Executive Director | 18.2yrs | KSh3.92m | 0.010% KES 541.0k | |
| Group Independent Chairman | 3.8yrs | KSh6.77m | 0.60% KES 32.2m | |
| Non-Executive Director | 16.2yrs | KSh3.68m | 0.0014% KES 74.0k | |
| Non-Executive Director | 15.2yrs | KSh3.70m | 0.00046% KES 24.7k | |
| Group Non-Executive Vice Chairman | 8.2yrs | KSh6.07m | 0.0018% KES 98.7k | |
| Independent Non-Executive Director | 3.3yrs | KSh2.95m | no data | |
| Independent Non Executive Director | 3yrs | KSh2.92m | 0.0020% KES 107.2k | |
| Independent Director | 1.8yrs | KSh1.20m | no data | |
| Independent Director | 1.1yrs | no data | no data |
3.8yrs
Average Tenure
56yo
Average Age
Experienced Board: CIC's board of directors are considered experienced (3.8 years average tenure).