KNRE - Kenya Re-Insurance Corporation Ltd
Kenya Reinsurance Corporation Limited is engaged in the underwriting all classes of reinsurance business and investment activities. The Company reinsures all classes of insurance business, including accident, engineering, liability, motor, fire, aviation and life. The Company operates in two segments: long term business and short term business. The short term business segment comprises of motor, marine, aviation, fire, and accident. The long term business segment includes individual and Corporation life. It also offers risk management services to its clients.
Kenya Re-Insurance Corporation Ltd is listed on the Nairobi Securities Exchange (NSE). Kenya Re-Insurance is traded on the NSE under the ticker symbol “KNRE”. The International Securities Identification Number (ISIN) of NSE:KNRE is KE0000000604. Kenya Re-Insurance Corporation Ltd is currently the 33rd most valuable stock on the NSE with a market capitalization of KES 3.14 billion, which makes about 0.176% of the Nairobi Securities Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 1.10 |
| Day’s High Price | 1.14 |
| Traded Volume | 787,500 |
| Number of Deals | 83 |
| Gross Turnover | 884,067.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 2.8B |
| Market Capitalization | 3.14B |
KNRE Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +1.82% | -9.68% | -9.68% |
| 6MO | 1YR | YTD |
|---|---|---|
| -44.3% | -34.1% | -40.4% |
The current share price of Kenya Re-Insurance Corporation Ltd (KNRE) is KES 1.12. KNRE closed its last trading day (Tuesday, November 19, 2024) at 1.12 KES per share on the Nairobi Securities Exchange (NSE), recording a 1.8% gain over its previous closing price of 1.10 KES. Kenya Re-Insurance began the year with a share price of 1.88 KES but has since lost 40.4% off that price valuation, ranking it 61st on the NSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that KNRE has lost 10% of the stock’s value from October 18th to date.
Kenya Re-Insurance Corporation is the second most traded stock on the Nairobi Securities Exchange over the past three months (Aug 20 - Nov 19, 2024). KNRE has traded a total volume of 222 million shares—in 7,637 deals—valued at KES 250 million over the period, with an average of 3.53 million traded shares per session. A volume high of 30 million was achieved on October 31st, and a low of 99,000 on October 9th, for the same period. The table below details the last 10 trading days of activity of Kenya Re-Insurance on the Nairobi Securities Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2024-11-19 | 787,500 | 1.12 | +0.02 | +1.82% |
| 2024-11-18 | 17,269,600 | 1.10 | ||
| 2024-11-15 | 7,784,700 | 1.10 | ||
| 2024-11-14 | 5,942,200 | 1.10 | ||
| 2024-11-13 | 5,474,500 | 1.10 | ||
| 2024-11-12 | 13,010,500 | 1.10 | ||
| 2024-11-11 | 7,848,100 | 1.10 | -0.04 | -3.51% |
| 2024-11-08 | 153,900 | 1.14 | +0.06 | +5.56% |
| 2024-11-07 | 10,469,600 | 1.08 | -0.02 | -1.82% |
| 2024-11-06 | 2,757,500 | 1.10 |
Profile of Kenya Re-Insurance Corporation Limited
Kenya Re-Insurance Corporation Limited operates in the Financials sector.
Factsheet of Kenya Re-Insurance Corporation Limited
- Sector
- Financials
- Industry
- —
- Address
- Reinsurance Plaza, Taifa Road, P O Box 30271 ? 00100 GPO, Nairobi, Kenya
- Telephone
- +254-202202000
- —
- Website
- www.kenyare.co.ke
KNRE Industrial Market Competitors
Kenya Re-Insurance Corporation Limited, issuers of the KNRE stock on the Nairobi Securities Exchange, have a number of market competitors who are also engaged in the Financials sector. 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 |
|---|---|---|---|---|
| LBTY | Liberty Kenya Holdings Limited | 3.93B | 7.34 | +98.9% |
| KCB | KCB Group | 126B | 39.25 | +79.2% |
| IMH | I&M Holdings Plc | 46.5B | 28.10 | +60.6% |
| EQTY | Equity Group Holdings Limited | 185B | 48.95 | +45.5% |
| SCBK | Standard Chartered Bank Limited | 88.4B | 234.00 | +44.4% |
| ABSA | Absa Bank Kenya Plc | 84.5B | 15.55 | +35.8% |
| COOP | Co-operative Bank of Kenya Limited | 82.7B | 14.10 | +23.7% |
| BRIT | Britam Holdings Limited | 14.8B | 5.86 | +22.3% |
| SBIC | Stanbic Holdings Limited | 52.4B | 132.50 | +21.8% |
| DTK | Diamond Trust Bank Kenya Limited | 14.6B | 52.25 | +16% |
