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 4.17 years. total yearly compensation is KES63.67M, comprised of 68.8% salary and 31.2% bonuses, including company stock and options. directly owns 1.01% of the company’s shares, worth KES58.09M. The average tenure of the management team and the board of directors is 5.2 years and 3.5 years respectively.
Key information
Patrick Nyaga
Chief executive officer
KSh63.7m
Total compensation
CEO salary percentage | 68.8% |
CEO tenure | 4.2yrs |
CEO ownership | 1.0% |
Management average tenure | 5.2yrs |
Board average tenure | 3.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Jun 30 2023 | n/a | n/a | KSh2b |
Mar 31 2023 | n/a | n/a | KSh1b |
Dec 31 2022 | KSh64m | KSh44m | KSh1b |
Sep 30 2022 | n/a | n/a | KSh882m |
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: Patrick's total compensation ($USD485.58K) is above average for companies of similar size in the KE market ($USD240.48K).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Nyaga (55 yo)
4.2yrs
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 | 4.2yrs | KSh63.67m | 1.01% KES 58.1m | |
Group Chief Finance Officer | no data | no data | no data | |
Group Chief Information Officer | 8.4yrs | no data | no data | |
General Manager of Human Resource & Administration | 7.2yrs | 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 | |
General Manager of Marketing & Customer Experience | 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 | 5.2yrs | no data | no data | |
Managing Director of CIC Life Assurance Ltd | 2.7yrs | no data | no data | |
Managing Director of CIC Africa (Uganda) Limited | no data | no data | no data |
5.2yrs
Average Tenure
45yo
Average Age
Experienced Management: CIC's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Group CEO & Executive Director | 3.5yrs | KSh63.67m | 1.01% KES 58.1m | |
Non-Executive Director | 17.8yrs | KSh3.92m | 0.010% KES 578.0k | |
Group Independent Chairman | 3.5yrs | KSh6.77m | 0.60% KES 34.4m | |
Non-Executive Director | 15.8yrs | KSh3.68m | 0.0014% KES 79.0k | |
Non-Executive Director | 14.8yrs | KSh3.70m | 0.00046% KES 26.3k | |
Group Non-Executive Vice Chairman | 7.8yrs | KSh6.07m | 0.0018% KES 105.4k | |
Independent Non-Executive Director | 2.9yrs | KSh2.95m | no data | |
Independent Non Executive Director | 2.7yrs | KSh2.92m | 0.0020% KES 114.6k | |
Independent Director | 1.5yrs | KSh1.20m | no data |
3.5yrs
Average Tenure
55yo
Average Age
Experienced Board: CIC's board of directors are considered experienced (3.5 years average tenure).