CIC Insurance Group Plc

NASE:CIC Stock Report

Mkt Cap: KSh5.1b

CIC Insurance Group Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure

CEO

Patrick Nyaga (54 yo)

2.33yrs

Tenure

KSh58,889,500

Compensation

Mr. Patrick Nyaga serves as Group Chief Executive Officer at CIC Insurance Group Ltd. since 2020 and serves as its Executive Director since September 29, 2020. He served as Group Finance and Strategy Direc...

CEO Compensation Analysis

How has Patrick Nyaga's remuneration changed compared to CIC Insurance Group's earnings?
DateTotal Comp.SalaryCompany Earnings
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: Patrick's total compensation ($USD474.65K) is above average for companies of similar size in the KE market ($USD252.82K).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.

Leadership Team

NamePositionTenureCompensationOwnership
Patrick Nyaga
Group CEO & Executive Director3yrsKSh58.89mno data
Philip Kimani
Group Chief Finance Officerno datano datano data
Henry Malmqvist
Group Chief Information Officer7.25yrsno datano data
Pamela Oyugi
General Manager of Human Resource & Administration6yrsno datano data
Gail Odongo
Group Company Secretary & Chief Legal Officerno datano datano data
Susan Robi
Group Risk & Compliance Managerno datano datano data
Joseph Kamiri
General Manager of Marketing & Customer Experienceno datano datano data
Stanley Mutuku
Managing Director of CIC Asset Management Ltdno 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 Ltd4yrsno datano data
Meshack Miyogo
Managing Director of CIC Life Assurance Ltd1.5yrsno datano data

4.0yrs

Average Tenure

46.5yo

Average Age

Experienced Management: CIC's management team is considered experienced (4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Patrick Nyaga
Group CEO & Executive Director2.33yrsKSh58.89mno data
Gordon Owuor
Non-Executive Director16.67yrsKSh4.79mno data
Nelson Kuria
Group Independent Chairman2.33yrsKSh5.29mno data
Rosemary Githaiga
Non-Executive Director11.67yrsKSh2.95mno data
Michael Wambia
Non-Executive Director14.67yrsKSh4.23mno data
Peter Nyigei
Director13.67yrsKSh4.88mno data
James Njiru
Group Vice Chairman6.67yrsKSh6.51mno data
Julius Mwatu
Independent Non-Executive Director1.75yrsKSh2.18mno data
Rogers Kinoti
Independent Non Executive Director1.5yrsKSh1.60mno data

6.7yrs

Average Tenure

54yo

Average Age

Experienced Board: CIC's board of directors are considered experienced (6.7 years average tenure).