CfC Stanbic seeks regulator reprieve to list on bourse

Financial data from the various business entities which will constitute the CfC Insurance Holdings shows mixed results.

Tax losses

For instance according to the financial report for CfC Assurance for 2009, it recorded after tax losses of Sh176 million.

The losses were occasioned by the huge impairment undertaken on the back of a subdued equities market.

Heritage Insurance recorded after tax profit of Sh161.9 million.

Life businesses incurred after tax losses of Sh61 million while short term business recorded after tax profits of Sh223 million which covered the losses from long life business.