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Kenya Reinsurance (NAI:KNRE) Pretax Margin % : 12.59% (As of Jun. 2024)


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What is Kenya Reinsurance Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Kenya Reinsurance's Pre-Tax Income for the six months ended in Jun. 2024 was KES1,508 Mil. Kenya Reinsurance's Revenue for the six months ended in Jun. 2024 was KES11,978 Mil. Therefore, Kenya Reinsurance's pretax margin for the quarter that ended in Jun. 2024 was 12.59%.

The historical rank and industry rank for Kenya Reinsurance's Pretax Margin % or its related term are showing as below:

NAI:KNRE' s Pretax Margin % Range Over the Past 10 Years
Min: 16.37   Med: 23.04   Max: 29.06
Current: 27.62


NAI:KNRE's Pretax Margin % is ranked better than
85.07% of 489 companies
in the Insurance industry
Industry Median: 11.04 vs NAI:KNRE: 27.62

Kenya Reinsurance Pretax Margin % Historical Data

The historical data trend for Kenya Reinsurance's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kenya Reinsurance Pretax Margin % Chart

Kenya Reinsurance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.73 16.37 18.79 18.13 29.06

Kenya Reinsurance Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.22 24.85 14.79 41.60 12.59

Competitive Comparison of Kenya Reinsurance's Pretax Margin %

For the Insurance - Reinsurance subindustry, Kenya Reinsurance's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kenya Reinsurance's Pretax Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Kenya Reinsurance's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Kenya Reinsurance's Pretax Margin % falls into.


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Kenya Reinsurance Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Kenya Reinsurance's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=7034.987/24206.509
=29.06 %

Kenya Reinsurance's Pretax Margin for the quarter that ended in Jun. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=1507.746/11978.166
=12.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kenya Reinsurance  (NAI:KNRE) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Kenya Reinsurance Pretax Margin % Related Terms

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Kenya Reinsurance Business Description

Traded in Other Exchanges
N/A
Address
Taifa Road, P.O. Box 30721, 15th Floor, Reinsurance Plaza, Nairobi, KEN, 00100
Kenya Reinsurance Corp operates in the insurance sector. Along with its subsidiaries, the firm provides underwriting of all classes of reinsurance business and investment activities. It operates in two segments: e long-term business and short-term business. Its short-term business segment comprises motor, marine, aviation, fire, and accident insurance, and its long-term business segment includes individual and group life insurance.

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