CIC Insurance Group PLC
NNSEKE:CIC4.99
KES
+0.19
(+3.96%)
CIC Insurance Group PLC
NSEKE:CIC
(Nairobi Securities Exchange)
Recent
price
4.99
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Semi-annual Revenue
FRC
•
in mil. unless spec.Semi-annual Earnings Per Share
FRC
•
in mil. unless spec.Semi-annual Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- CIC Insurance Group PLC is a Kenya-based financial services and investment holding company that provides general insurance, life assurance, pension administration, and asset management solutions to individual, commercial, cooperative, and institutional clients across East and Central Africa. Founded in 1968 and headquartered in Nairobi, Kenya, the company operates across four primary business segments: General Insurance, Life Assurance, Asset Management, and Regional Operations. The company's core product and service portfolio includes: General Insurance: comprehensive motor private and commercial vehicle insurance; fire and allied perils insurance; industrial and domestic property packages; marine cargo, hull, and transit coverage; engineering, machinery breakdown, and contractors all risks insurance; aviation insurance; professional indemnity, public liability, and directors and officers liability coverage; personal accident and group personal accident plans; burglary and fidelity guarantee insurance; comprehensive healthcare and corporate medical schemes; and specialized agricultural insurance, including crop yield, index-based weather, and livestock insurance. Life Assurance: individual life and savings plans, including endowment policies, whole life plans, and education savings policies such as the Acadomia plan; mortgage protection insurance; credit life coverage for financial institutions and savings and credit cooperative societies (SACCOs); group life assurance; corporate and individual funeral expense plans, including the Family Care product suite; keyman insurance; and permanent total disability coverage. Asset Management and Pensions: individual and group retirement benefit schemes, umbrella pension schemes, and provident funds; pension fund administration and trustee advisory services; collective investment schemes and unit trust funds, encompassing money market funds, fixed income funds, equity funds, balanced funds, wealth funds, and foreign currency-denominated funds; discretionary portfolio management; and tailored private wealth management solutions for high-net-worth individuals and corporate institutions. Micro-insurance and Cooperative Products: low-cost, tailored insurance products designed for micro, small, and medium-sized enterprises (MSMEs), low-income households, and agricultural cooperatives, delivered in partnership with SACCOs and microfinance institutions. Geographically, CIC Insurance Group PLC maintains extensive operations throughout Kenya and conducts regional insurance and asset management operations through its subsidiaries, including CIC General Insurance Uganda Limited and CIC Life Assurance Uganda Limited in Uganda, CIC Africa Insurance (SS) Limited in South Sudan, and CIC Africa Insurance (Malawi) Limited in Malawi. The group maintains a strategic equity and distribution relationship with the Co-operative Bank of Kenya and the broader cooperative movement. In recent strategic developments, CIC Insurance Group PLC has accelerated its digital transformation agenda through the deployment of automated customer self-service portals, mobile onboarding platforms, USSD channels for retail micro-insurance, and direct API integrations with banking and fintech partners to streamline policy issuance and claims processing. The company has expanded its regional wealth management and fund management operations by introducing specialized dollar-denominated unit trust funds and enhanced agribusiness insurance lines to mitigate climate-related risks for regional farming communities. Furthermore, the group has executed operational restructuring programs across its regional subsidiaries to optimize capital allocation, strengthen solvency margins, enhance debt management, and deepen bancassurance distribution agreements across East Africa.