The CIC Insurance Group Plc

NASE:CIC Stock Report

Market Cap: KSh8.5b

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 5.33 years. total yearly compensation is KES88.70M, comprised of 52.9% salary and 47.1% bonuses, including company stock and options. directly owns 0.49% of the company’s shares, worth KES40.01M. The average tenure of the management team and the board of directors is 3.8 years and 4.7 years respectively.

Key information

Patrick Nyaga

Chief executive officer

KSh88.7m

Total compensation

CEO salary percentage52.9%
CEO tenure5.3yrs
CEO ownership0.5%
Management average tenure3.8yrs
Board average tenure4.7yrs

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 2024KSh89mKSh47m

KSh3b

Sep 30 2024n/an/a

KSh2b

Dec 31 2023KSh79mKSh44m

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: Patrick's total compensation ($USD685.53K) is above average for companies of similar size in the KE market ($USD379.97K).

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

CEO

Patrick Nyaga (56 yo)

5.3yrs

Tenure

KSh88,696,296

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 MD5.3yrsKSh88.70m0.49%
KES 41.7m
Philip Kimani
Group Chief Finance Officerno datano datano data
Gail Odongo
Group Company Secretary & Chief Legal Officerno datano datano data
Susan Robi
Director of Risk & Complianceno datano datano data
Joyce Mwashigadi
Director of People & Cultureno datano datano data
Henry Malmqvist
Group Head of ICTno datano datano data
Zachary Wambugu
Managing Director of CIC Africa Co-Operatives Insurance Limitedless than a yearno datano data
Fred Ruoro
Managing Director of CIC General Insurance Limitedno datano datano data
Meshack Miyogo
Managing Director of CIC Life Assurance Ltd3.8yrsno datano data
Erick Obila
Managing Director of CIC Africa (Uganda) Limitedno datano datano data
Humphrey Gathungu
Managing Director of CIC Asset Management Ltdno datano datano data
Julius Ndugire
Managing Director of CIC African Insurance (SS) Limitedno datano datano data

3.8yrs

Average Tenure

44yo

Average Age

Experienced Management: CIC's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Patrick Nyaga
Group MD4.7yrsKSh88.70m0.49%
KES 41.7m
Gordon Owuor
Non-Executive Director19yrsKSh4.51m0.010%
KES 853.5k
Nelson Kuria
Group Independent Chairman4.7yrsKSh7.55m0.62%
KES 52.5m
Michael Wambia
Non-Executive Director17yrsKSh5.16m0.0014%
KES 116.7k
James Njiru
Group Non-Executive Vice Chairman9yrsKSh6.02m0.0018%
KES 155.6k
Julius Mwatu
Independent Non-Executive Director4.1yrsKSh4.00mno data
Rogers Kinoti
Independent Non Executive Director3.8yrsKSh3.81m0.0020%
KES 169.2k
Sharon Kisire
Independent Director2.7yrsKSh3.62mno data
Ludia Rono
Independent Director1.9yrsKSh3.38m0.011%
KES 970.2k

4.7yrs

Average Tenure

56yo

Average Age

Experienced Board: CIC's board of directors are considered experienced (4.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/05 13:24
End of Day Share Price 2025/05/05 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

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