Kenya Re-insurance — Shareholder Meeting (2023)

4 slides from Kenya Re-insurance's shareholder meeting presentation, 2023

Slide 1: Shareholder questions: subsidiaries performance and dividend income
NO QUESTION RESPONSE What is the breakdown of the performance in terms of revenue,profit of the subsidiaries (Uganda,Zambia and Ivory Coast? The Corporation currently has three subsidiaries: Cote D' Ivoire to expand business operations in CIMA region, Zambia to grow business in Southern Africa marke
Slide 2: Dividend payouts, Zep Re and rental income responses
share, NCBA Ksh. 3.00 per share to Ksh. 4.25 per share, Absa Ksh. 1.10 per share to Ksh. 1.35 per share, Stanchart Ksh. 14 per share to Ksh. 22 per share and BAT Ksh. 53 per share to Ksh. 57 per share respectively. e Yes, Zep Re paid dividends last year, but the dividends were capitalized. Recently
Slide 3: Indian treaties, receivables, 2023 outlook and Sudan impact
What is the latest update on the exiting of loss-making treaties in India? The Corporation has exited from the Indian agriculture business which was loss making but continues to service the runoff claims. The figure of receivables is quite high.What is the corporation doing to bring this figure down
Slide 4: Tax dispute with Kenya Revenue Authority
There is a tax dispute with Kenya revenue Authority where the taxman is demanding ksh.3.2bn, management hasn't made a provision for it.What's the probability Kenya Re will win the dispute and what happens if a ruling is made in favour of KRA The case relates to WHT for local commissions, internation