BRIT - Britam Holdings Limited
Britam Holdings Limited, formerly known as British-American Investments Company Ltd, is a diversified financial services company based in Kenya. The company, founded in 1965 and now commonly known as Britam, is headquartered in Nairobi, Kenya, with subsidiaries in Uganda, South Sudan, Rwanda, Tanzania, Malawi, and Mozambique. The flagship company of the group is the British-American Insurance Company (Kenya) Limited, commonly referred to by its brand name Britam Kenya. In 2011, Britam listed its shares on the Nairobi Securities Exchange.
Britam operates in the following four segments: Long Term Insurance: protection of customers against the risk of premature death, disability, critical illness and other accidents; Life Insurance: a range of products including unit linked products, education plans, whole life plans, and other conventional products; Short Term Insurance: protection of assets, particularly properties, for both personal and commercial business; Asset Management: discretionary and/or segregated portfolio management services, wealth management services, as well as unit trust funds.
Britam Holdings Limited is listed on the Nairobi Securities Exchange (NSE). Britam is traded on the NSE under the ticker symbol “BRIT”. The International Securities Identification Number (ISIN) of NSE:BRIT is KE2000002192. Britam Holdings Limited is currently the 18th most valuable stock on the NSE with a market capitalization of KES 11.8 billion, which makes about 0.714% of the Nairobi Securities Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 4.60 |
| Day’s High Price | 4.94 |
| Traded Volume | 6,900 |
| Number of Deals | 10 |
| Gross Turnover | 32,333.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 2.52B |
| Market Capitalization | 11.8B |
BRIT Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +12.7% | +13% | -6.94% |
| 6MO | 1YR | YTD |
|---|---|---|
| -12.5% | -27.2% | -9.81% |
The current share price of Britam Holdings Limited (BRIT) is KES 4.69. BRIT closed its last trading day (Monday, June 5, 2023) at 4.69 KES per share on the Nairobi Securities Exchange (NSE), recording a 2.2% gain over its previous closing price of 4.59 KES. Britam began the year with a share price of 5.20 KES but has since lost 9.81% off that price valuation, ranking it 44th on the NSE in terms of year-to-date performance. Shareholders’ fears may be allayed by the 13% increase of BRIT share price since May 5th, which is fifth best on NSE.
Britam Holdings is the 22nd most traded stock on the Nairobi Securities Exchange over the past three months (Mar 2 - Jun 5, 2023). BRIT has traded a total volume of 2.12 million shares valued at KES 9.4 million over the period, with an average of 33,613 traded shares per session. A volume high of 304,900 was achieved on May 9th, and a low of 1,600 on March 9th, for the same period. The table below details the last 10 trading days of activity of Britam on the Nairobi Securities Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-06-05 | 6,900 | 4.69 | +0.10 | +2.18% |
| 2023-06-02 | 8,800 | 4.59 | +0.01 | +0.22% |
| 2023-05-31 | 11,400 | 4.58 | +0.28 | +6.51% |
| 2023-05-30 | 38,800 | 4.30 | +0.08 | +1.90% |
| 2023-05-29 | 8,700 | 4.22 | +0.06 | +1.44% |
| 2023-05-26 | 21,800 | 4.16 | -0.04 | -0.95% |
| 2023-05-25 | 6,400 | 4.20 | +0.03 | +0.72% |
| 2023-05-24 | 15,500 | 4.17 | +0.02 | +0.48% |
| 2023-05-23 | 80,600 | 4.15 | ||
| 2023-05-22 | 30,000 | 4.15 |
Profile of Britam Holdings Limited
Britam Holdings Limited operates in the Financials sector, specifically, the Insurance industry. The company is led by Dr. Benson Irungu Wairegi (70) as its Group Managing Director. The company's board of directors, chaired by Walter Andrew Hollas, is composed of 12 members whose names are listed below.
- Wairegi, Benson Irungu (Dr.)
Group Managing Director - Hollas, Walter Andrew
Non-Executive Chairman - Karama, Mohamed Said
Non-Executive Deputy Chairman - Munga, Peter K. (Dr.)
Non-Executive Director - Kiruki, Nancy K. (Mrs)
Company Secretary - Mbaru, Jimnah M.
Non-Executive Director - Kigen, Caroline
Non-Executive Director - Loner, Marianne
Non-Executive Director - Odo, George
Non-Executive Director - Wandera, Stephen
Non-Executive Director - Minter, Christopher
Non-Executive Director - Ossiya, Josephine
Non-Executive Director
Factsheet of Britam Holdings Limited
- Sector
- Financials
- Industry
- Insurance
- Address
- Britam Centre, Upper Hill, P. O. Box 30375-00100, Nairobi, Kenya
- Telephone
- +254-703-094-000, +254-202-833-000, +254-705-100-100
- Website
- www.britam.com
BRIT Industrial Market Competitors
Britam Holdings Limited, issuers of the BRIT stock on the Nairobi Securities Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Insurance industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| HFCK | HF Group Limited | 1.73B | 4.50 | +41.1% |
| GLD | Absa NewGold ETF | 633M | 2,530.00 | +16.9% |
| SCBK | Standard Chartered Bank Limited | 59.8B | 158.25 | +10.9% |
| CTUM | Centum Investment Company | 6B | 9.02 | +7.89% |
| SBIC | Stanbic Holdings Limited | 43.5B | 110.00 | +7.84% |
| KNRE | Kenya Re-Insurance Corporation Ltd | 5.52B | 1.97 | +7.65% |
| BKG | BK Group Plc | 29.7B | 33.15 | +5.24% |
| CIC | CIC Insurance Group Limited | 5.2B | 1.99 | +2.05% |
| KURV | Kurwitu Ventures Limited | 153M | 1,500.00 | |
| IMH | I&M Holdings Plc | 28B | 16.95 | -0.29% |
