{"id":9413,"date":"2012-03-29T03:36:59","date_gmt":"2012-03-29T01:36:59","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/kenyas-cfc-insurance-2011-profit-doubles\/"},"modified":"2012-03-29T03:36:59","modified_gmt":"2012-03-29T01:36:59","slug":"kenyas-cfc-insurance-2011-profit-doubles","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/kenyas-cfc-insurance-2011-profit-doubles\/","title":{"rendered":"Kenya&#8217;s CFC Insurance 2011 profit doubles"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">NAIROBI, March 28<\/span> (Reuters) &#8211; Kenya&#8217;s CFC Insurance&#8217;s<br \/>\n pretax profit more than doubled to just over 1 billion<br \/>\nshillings ($12 mln) last year helped by a 33 percent rise in its<br \/>\ngross premium revenue, it said on Wednesday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The company, which was separated from CFC Stanbic Holdings<br \/>\n last year, said the results showed resilience for a<br \/>\nsector which has faces high interest rates and inflation as well<br \/>\nas sluggish share performance.<\/p>\n<p><span><\/span><\/p>\n<p>Gross premiums rose to 6.4 billion shillings from 4.8<br \/>\nbillion shillings, while basic and diluted earnings per share<br \/>\nincreased to 1.84 shillings from 0.54 in 2010.<\/p>\n<p><span><\/span><\/p>\n<p>CFC Insurance, which was listed on the Nairobi Securities<br \/>\nExchange in April last year, said the 2011 results consisted of<br \/>\neight months of Heritage Insurance and 12 months of CFC Life,<br \/>\nits constituent units.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s Liberty Holdings, majority-owned by<br \/>\nAfrica&#8217;s biggest bank by assets, Standard Bank, has a<br \/>\ncontrolling stake in the company.<br \/>\n ($1=83.0500 Kenyan shillings)\t<\/p>\n<p> (Reporting by Kevin Mwanza; Editing by Duncan Miriri and Mike<br \/>\nNesbit)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, March 28 (Reuters) &#8211; Kenya&#8217;s CFC Insurance&#8217;s pretax profit more than doubled to just over 1 billion shillings ($12 mln) last year helped by a 33 percent rise in its gross premium revenue, it said on Wednesday. The company, which was separated from CFC Stanbic Holdings last year, said the results showed resilience for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9413","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9413"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9413\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}