Britam Holdings Company Overview and Performance

Britam Holdings is a leading insurance and financial services company in Africa, with a strong presence in East Africa. It was founded in 2003.

The company is headquartered in Nairobi, Kenya, and has a diverse portfolio of insurance products and services. Britam Holdings is listed on the Nairobi Securities Exchange (NSE).

Britam Holdings has a significant market share in the East African insurance market, with a presence in Kenya, Tanzania, Uganda, and South Sudan. The company has a strong distribution network of agents and brokers across the region.

Britam Holdings has a reputation for providing innovative and customer-centric products and services.

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Britam Holdings has a rich history that spans nearly two decades. The group incorporated British-American Asset Managers in 2004, which provided investment advisory and fund management services to institutions and private clients.

In 2004, the group also restructured, creating a non-operating holding company. This move marked a significant shift in the company's operations.

During the same year, Britam acquired a strategic equity stake in Equity Group Holdings Limited. This was a strategic move to expand the company's reach and influence.

Britam made its first equity acquisition in Housing Finance Company of Kenya in 2007. This was a significant milestone for the company, marking its entry into the East African mortgage finance market.

The company continued to grow and expand its services, offering investment funds and structured as Unit trusts and discretionary Portfolio management.

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Britam Holdings has shown improved profits for the 2021 mid-year period, with a total revenue of 19,701 million KES, up from 17,209 million KES for the previous period.

Their total operating income was 1,011.57 million KES, and they reported a net income of 376 million KES.

The company's market capitalization is 18.9 Billion KES, with a Price/Earning ratio of -2.07 and earnings per share of -3.62 KES.

Britam Holdings has a total of 2.52 Billion shares outstanding, and their stock price on the Nairobi Securities Exchange (NSE) is 7.50 Kenyan Shilling (KES) per share.

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Their financial data shows a total market capitalisation of 18.9 Billion KES, with a Price/Earning ratio of -2.07 and earnings per share of -3.62 KES.

Here is a breakdown of their sales by activity for the fiscal period of December from 2020 to 2024:

Britam's expansion into new markets began in 2010 with the incorporation of Britam Insurance Company (Uganda) Limited, which started operations on November 24, 2010. This marked the company's entry into Uganda.

The company listed its shares on the Nairobi Securities Exchange in 2011, but the initial public offering was undersubscribed due to risk-averse foreign investors shunning the IPO.

In 2012, Britam Insurance Company (South Sudan) Limited was incorporated and licensed to underwrite all classes of life and non-life insurance. This expansion into South Sudan was a significant milestone for the company.

Britam also expanded into Rwanda in 2013, with the incorporation and licensing of Britam Insurance Company (Rwanda) Limited by the National Bank of Rwanda.

Explore further: List of Banks in South Sudan

In 2013, Britam acquired a 99% shareholding in Real Insurance Company Limited for KSh1.4 billion, valued at approximately US$16 million at the time. This acquisition led to the expansion of Britam into Tanzania, Malawi, and Mozambique.

Here's a breakdown of the key transactions:

Britam's expansion into new markets has been a strategic move to increase its presence and offerings in the region.

Britam Holdings Plc saw significant growth in its sales from 2020 to 2024. The company's sales by activity reveal a mixed picture, with some segments experiencing substantial increases while others remained relatively stable.

Non-Life Insurance Business was a standout performer, with sales jumping from 13.89B in 2020 to 23.27B in 2024. This represents a growth rate of 67.4% over the four-year period.

Life Insurance Business also experienced significant growth, with sales increasing from 18.59B in 2020 to 15.4B in 2024. However, this represents a decline of 17.1% from the 2020 figure.

Asset Management sales remained relatively stable, ranging from 758M to 905M between 2020 and 2024. This suggests a consistent level of activity in this area.

Here is a breakdown of the sales by activity for Britam Holdings Plc:

Britam Holdings has a diverse portfolio of investments and properties across various markets.

The company's property division is a significant part of its operations, with subsidiaries in Kenya and Uganda.

Britam Properties (Kenya) Limited and Britam Properties (Uganda) Limited are two of the key players in this division, with 100% shareholding in both entities.

Here's a brief overview of the company's property investments:

Britam Holdings Limited has organized its companies into four divisions, including subsidiaries and investments that play a crucial role in its overall business strategy.

The companies that comprise Britam Holdings Limited are organized into four divisions, including subsidiaries and investments that drive the company's growth.

Britam Holdings Limited includes, but is not limited to, the following subsidiaries and investments.

One of the key subsidiaries is organized into divisions, which helps the company to manage its various business operations efficiently.

The organization of subsidiaries and investments into four divisions allows Britam Holdings Limited to streamline its business and make informed investment decisions.

Britam Holdings Limited has a diverse portfolio of subsidiaries and investments, which contributes to its financial stability and growth.

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Britam Properties has a significant presence in the region, with a 100% shareholding in Britam Properties (Kenya) Limited, which is based in Nairobi, Kenya, and focuses on real estate and REITs.

Britam Properties also has a subsidiary in Uganda, Britam Properties (Uganda) Limited, with a 100% shareholding.

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Britam Holdings has a diverse ownership structure, with various stakeholders holding significant shares in the company.

AfricInvest III SPV 1 holds the largest share of 17.55%, followed closely by Equity Holdings Limited with 16.05%. Standard Chartered Nominees Resident A/C Ke003819 also holds a substantial 15.79% stake.

The company's shares are traded on the Nairobi Stock Exchange under the symbol BRIT, providing transparency and accessibility to investors.

Here's a breakdown of the top shareholders in Britam Holdings as of 31 December 2017:

The International Finance Corporation (IFC) acquired a 10.37% stake in Britam in September 2017, gaining a seat on the company's board of directors.

When it comes to shareholder returns, the numbers don't lie. BRIT underperformed the KE Insurance industry which returned 95.5% over the past year.

The market as a whole also outpaced BRIT, with the KE Market returning 65.7% over the same period.

Ownership of Britam Holdings Limited is a complex and diverse affair, with various entities holding stakes in the company.

AfricInvest III SPV 1 is the largest shareholder, owning 17.55% of the company's stock.

The International Finance Corporation (IFC) has a significant presence, having acquired a 10.37% stake in Britam in September 2017, which gives them a seat on the company's board of directors.

Equity Holdings Limited is the second-largest shareholder, owning 16.05% of the company's stock.

Standard Chartered Nominees Resident A/C Ke003819 and Standard Chartered Nominees Non-Resident A/C Ke11396 are among the top shareholders, owning 15.79% and 9.14% of the company's stock, respectively.

The shareholding in Britam Holdings Limited is as follows:

The Board of Directors of Britam Holdings Plc is composed of 10 members, each with a unique title and tenure.

The Chairman of the Board is Kuria Muchiru, who has been in the position since December 16, 2021, at the age of 64.

The longest-serving member of the Board is Peter Munga, who has been a Director/Board Member since December 31, 1981, at the age of 81.

The youngest member of the Board is Hilda Njeru, who joined as a Director/Board Member on March 7, 2023, at the age of 42.

Here's a breakdown of the Board's composition:

As a key member of Britam Holdings PLC's leadership team, the Director of Investor Relations plays a crucial role in maintaining transparency and building trust with investors.

Ms. Catherine Karita has taken on this role, bringing over 12 years of senior leadership experience to the table. She has a deep understanding of financial services, having previously worked at Bank of America and SBG Securities.

Her experience as Head of Institutional Clients Sales and Trading at SBG Securities demonstrates her ability to navigate complex financial markets.

In April 2019, the Business Daily Africa newspaper reported that Swiss Re acquired 15.79 percent in Britam Holdings Limited.

Africinvest, the largest shareholder, owns 16.2 percent of the company.

The International Finance Corporation controls 8.8 percent of Britam Holdings Limited.

The original founders maintained a combined 39.2 percent equity ownership in the company at that time.

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Britam Holdings' stock performance on the Nairobi Securities Exchange (NSE) is currently at 7.50 Kenyan Shilling (KES) per share.

The company's total market capitalisation is 18.9 Billion KES, with a Price/Earning ratio of -2.07 and earnings per share of -3.62 KES.

Britam Holdings has a total of 2.52 Billion shares outstanding, which is a significant number that can impact the stock's price and performance.

Here's a summary of the company's stock performance over the past year:

Britam Holdings' stock has shown significant growth over the past few years, with an increase of 68.5% in earnings per year over the past 5 years.

Britam Holdings Plc's stock performance has been a topic of interest for investors, with the current price standing at 7.50 Kenyan Shilling (KES) as of 22 October 2021.

The company's total market capitalisation is 18.9 Billion KES, with a Price/Earning ratio of -2.07 and earnings per share of -3.62 KES. This indicates a significant drop in earnings per share.

Britam Holdings Plc has shown improved profits for the 2021 mid-year period, with a total revenue of 19,701 million KES, up from 17,209 million KES for the previous period.

Here are the key statistics of Britam Holdings Plc's stock performance:

The company's price volatility has been relatively stable in the past 3 months, with an average weekly movement of 5.2% compared to the KE market's average movement of 5.5%.

To buy stocks, you need to follow a few simple steps. The first step is to find the share you want to buy, which in the case of Britam Holdings Plc is referred to as "BRIT".

To access the Nairobi Securities Exchange (NSE), you'll need to select a forex broker that offers trading on this platform. This is crucial for buying, selling, or trading Britam Holdings Plc stocks.

When choosing a broker, review their trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure they align with your trading plan. This will help you make an informed decision.

To get started, open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account. This is usually a straightforward process.

Once your account has been activated, you're ready to make your first share purchase through the broker. From here, you can start to build and diversify your portfolio by buying more shares.

To make things clearer, here are the steps to buy stocks in a concise list:

Britam Holdings' financial statements are a crucial aspect of understanding the company's performance.

The company's income statement is closely linked to the stock market, specifically in the equities sector, where BRIT Stock is listed.

Britam Holdings Plc is the company behind BRIT Stock, and its financial statements are a key source of information for investors and analysts.

The company's financial statements are also referenced under the APAC (Asia-Pacific) category, indicating its presence in the region.