ICEA Lion Life Assurance Company Ltd (form. Insurance Company of East Africa)

Kenya

ICEA LION Life Assurance Company Limited (2021-09)

Risk adjusted capitalisation is assessed at very strong levels, underpinned by the maintenance of a large capital base, sufficient to absorb aggregate risk exposures. In this respect, the subgroup’s capital base advanced 12% to KES15.3bn at FY20, driven by healthy earnings generation and retention. This, together with moderate exposure to underwriting and market risk, sustained the assessment of risk adjusted capitalisation within a very strong range.

Tokens: 3 Price: USD 300.00

ICEA LION Life Assurance Company Limited

The rating for ICEA LION Life Assurance Company Limited (“ICEA LION Life”) reflects the strengths and weaknesses of the consolidated sub-group, incorporating the insurer and its six wholly owned subsidiaries (together “the group”). ICEA LION Life is the core operating entity, contributing 75% and 95% to the group’s total gross written premiums and total assets in FY19, respectively. The rating is supported by a very strong financial profile, coupled with a moderately sound degree of competitiveness in markets of presence.

Tokens: 2 USD 150.00

ICEA Lion Life Assurance Company Ltd (2017-12)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.
Tokens:1 Price: USD 75.00

ICEA Lion Life Assurance Company Ltd (2016-11)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

ICEA Lion Life Assurance Company Ltd (2015-10)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

ICEA Lion Life Assurance Company Ltd (2013-10)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

ICEA Lion Life Assurance Company Ltd (form. Insurance Company of East Africa) Current Ratings

Issue Name Rating Country Rating Published
-- FS rating: AA(KE); Outlook: Stable Kenya 30-06-2021 0:00:00
Available Purchase Options: