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Kenya Re #ticker:KNRE has been ranked as the most attractive listed underwriter on the Nairobi Securities Exchange (NSE) in the first half of 2017, as measured by franchise value and intrinsic scores, a new report shows.
According to a Cytonn Investments half-year 2017 insurance report released on Monday, Kenya Re maintained the top position in the composite score category supported by a strong franchise value score.
Liberty Holdings #ticker:CFCI was the most improved, rising two positions to position three owing to its higher potential return of 31.2 per cent and an improvement in its franchise value score.
The franchise score measures the broad and comprehensive business strength of the company and the intrinsic score measures the investment return potential.
"The analysis aims to give a view on which listed insurance firms are the most attractive for investment by evaluating which companies are the most stable and have the best future growth potential," said Cytonn Investments analyst Caleb Mugendi.