The CIC Insurance Group Plc

NASE:CIC Stock Report

Market Cap: KSh5.6b

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 4.33 years. directly owns 0.49% of the company’s shares, worth KES27.60M. The average tenure of the management team and the board of directors is 5.5 years and 4.3 years respectively.

Key information

Patrick Nyaga

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure5yrs
CEO ownership0.5%
Management average tenure5.5yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrick Nyaga's remuneration changed compared to CIC Insurance Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

KSh1b

Sep 30 2023n/an/a

KSh935m

Jun 30 2023n/an/a

KSh2b

Mar 31 2023n/an/a

KSh1b

Dec 31 2022KSh64mKSh44m

KSh156m

Sep 30 2022n/an/a

KSh488m

Jun 30 2022n/an/a

KSh706m

Mar 31 2022n/an/a

KSh648m

Dec 31 2021KSh59mKSh44m

KSh589m

Sep 30 2021n/an/a

KSh476m

Jun 30 2021n/an/a

KSh362m

Mar 31 2021n/an/a

KSh65m

Dec 31 2020KSh97mKSh23m

-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)

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

NamePositionTenureCompensationOwnership
Patrick Nyaga
Group CEO & Executive Director5yrsKSh63.67m0.49%
KES 27.6m
Philip Kimani
Group Chief Finance Officerno datano datano data
Henry Malmqvist
Group Chief Information Officer9.3yrsno datano data
Gail Odongo
Group Company Secretary & Chief Legal Officerno datano datano data
Susan Robi
Group Risk & Compliance Managerno datano datano data
Peter Kibe
Acting Head of Marketing & Communicationsno datano datano data
Mwenda Itumbiri
Acting Director of People & Cultureno datano datano data
Fred Ruoro
Managing Director of CIC General Insurance Limitedno datano datano data
Andrew Murunga
Managing Director of CIC Africa Insurance (SS) Limitedno datano datano data
Chrispinus Mugwang'a
Managing Director of CIC Africa Co-operatives Insurance Ltd6yrsno datano data
Meshack Miyogo
Managing Director of CIC Life Assurance Ltd3.5yrsno datano data
Erick Obila
Managing Director of CIC Africa (Uganda) Limitedno datano datano data

5.5yrs

Average Tenure

45yo

Average Age

Experienced Management: CIC's management team is seasoned and experienced (5.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Patrick Nyaga
Group CEO & Executive Director4.3yrsKSh63.67m0.49%
KES 27.6m
Gordon Owuor
Non-Executive Director18.7yrsKSh3.92m0.010%
KES 564.8k
Nelson Kuria
Group Independent Chairman4.3yrsKSh6.77m0.62%
KES 34.7m
Michael Wambia
Non-Executive Director16.7yrsKSh3.68m0.0014%
KES 77.2k
Peter Nyigei
Non-Executive Director15.7yrsKSh3.70mno data
James Njiru
Group Non-Executive Vice Chairman8.7yrsKSh6.07m0.0018%
KES 103.0k
Julius Mwatu
Independent Non-Executive Director3.8yrsKSh2.95mno data
Rogers Kinoti
Independent Non Executive Director3.5yrsKSh2.92m0.0020%
KES 111.9k
Sharon Kisire
Independent Director2.3yrsKSh1.20mno data
Ludia Rono
Independent Director1.6yrsno data0.011%
KES 642.0k

4.3yrs

Average Tenure

56yo

Average Age

Experienced Board: CIC's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 21:09
End of Day Share Price 2025/01/02 00:00
Earnings2023/12/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The CIC Insurance Group Plc is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Victor KoechAIB-AXYS Africa Limited