limited type public nse pafr industry insurance financial services founded 26 october 1946 ; 69 years ago 1946 10 26 1 headquarters pan africa life house nairobi kenya key people john simba chairman mugo kibati group ceo products insurance and asset management revenue kes 7.97 billion 2014 net income kes 0.87 billion 2014 total assets kes 24.59 billion 2014 total equity kes 3.77 billion 2014 2 website homepage sanlam kenya plc is an insurance investment and retirement group based in kenya . contents 1 overview 2 history 3 subsidiaries and investments 4 ownership 5 governance 6 see also 7 external links 8 references overview edit the group s headquarters are located in nairobi kenya with subsidiaries and associates in kenya . sanlam kenya plc is a member of the sanlam group a south african jse listed financial services group with business interests in africa europe india the united states australia and south east asia . history edit sanlam kenya plc was founded on october 26 1946 3 as the indo africa insurance company limited and began writing life insurance business in 1947 . in 1963 the company became the first insurance company to list its shares on the nairobi securities exchange . in the same year the company name was changed to pan africa insurance company to reflect its broader ownership base . 1 4 in 2000 pan africa insurance company limited entered into a strategic partnership with african life assurance of south africa . this was through an acquisition of a minority stake in pan africa insurance holdings limited by hubris holdings limited african life assurance investment vehicle . with the aim of creating more focus and facilitate management specialization with resultant improvement in productivity efficiency and customer service pan africa insurance company limited commenced a restructure of its business units in 2002 . the company transferred its long term and life insurance to pan africa life assurance limited and its short term general insurance to pan africa general insurance limited . pan africa insurance company limited then changed its name to pan africa insurance holdings limited to reflect its present role as a holding company of the two wholly owned subsidiaries . 1 in 2004 the short term insurance business of pan africa general insurance limited was merged with that of apollo insurance company limited . this led to the formation of apa insurance in which . due to this merger pan africa general insurance limited was renamed pa securities limited and held 39.97 % shareholding in apa insurance limited . this investment in apa insurance limited was disposed by the group in 2011 . 5 the group became part of the sanlam group in 2005 when african life assurance was acquired by sanlam . 6 on november 4 2014 pan africa insurance holdings limited announced plans to acquire a controlling stake in unlisted gateway insurance a move that would see the group re enter the general insurance market since it disposed its 39.97 % stake in apa insurance . 7 8 in august 2016 pan africa insurance holdings limited rebranded to sanlam kenya plc. 9 subsidiaries and investments edit the companies that comprise the sanlam kenya plc include 1 pan africa life assurance limited 100 % shareholding offering life insurance . pa securities limited 100 % shareholding investment arm of the group . previously known as pan africa general insurance limited . pan africa securities was as a result of restructuring and merger of the group s general insurance business with that of apollo insurance company limited through the sale and transfer of their respective assets and liabilities to apa insurance limited . pan africa thus acquired a 39.97 % shareholding in apa insurance limited and retained its non general insurance business . pa securities disposed its shareholding in apa in 2011 . 10 sanlam investment management kenya limited 100 % shareholding investment and portfolio managers . mae properties limited 100 % shareholding real estate company . held through pa securities limited . chem chemi mineral water limited 100 % shareholding water bottling company . held through pa securities limited . runda water limited 24.90 % shareholding water distribution in runda estate . held through mae properties . ownership edit the shares of the sanlam kenya plc are traded on the nairobi securities exchange under the symbol pafr . the shareholding in the group s stock was as depicted in the table below 1 sanlam kenya plc stock ownership rank name of owner percentage ownership 1 hubris holdings limited 55.82 2 patel baloobhai chhotabhai 20.00 3 others local and international investors 24.18 total 100.00 governance edit sanlam kenya plc is governed by john p n simba as the chairman of the group and mugo kibati as the ceo . see also edit list of insurance companies in kenya nairobi securities exchange sanlam external links edit pan africa insurance holdings limited homepage sanlam homepage references edit a b c d e pan africa insurance holdings limited 2004 annual report pdf . pan africa insurance holdings limited . december 31 2004 . retrieved december 19 2014 . pan africa insurance holdings limited 2014 annual report pdf . pan africa insurance holdings limited . december 31 2014 . retrieved february 29 2016 . sanlam businesses pan africa insurance holdings pa insurance holdings pan africa insurance holdings limited 2012 annual report pdf . pan africa insurance holdings limited . december 31 2012 . retrieved december 19 2014 . sanlam acquires african life miriri duncan november 4 2014 . kenya s pan africa insurance says seeking stake in gateway shares up . reuters . thomson reuters . retrieved november 5 2014 . circular to the shareholders of pan africa insurance holdings limited in respect of the acquisition of gateway insurance company limited by pan africa insurance holdings limited pdf . pan africa insurance holdings limited . november 20 2014 . retrieved november 27 2014 . pan africa insurance holdings ltd paihl is now sanlam kenya plc pdf . 17 august 2016 . retrieved 20 august 2016 . about pan africa securities limited retrieved from https en.wikipedia.org w index.php title sanlam kenya plc & oldid 740309204 categories companies of kenyacompanies listed on the nairobi stock exchangeinsurance companies of kenyainsurance companiescompanies established in 19461946 establishments in kenyahidden categories engvarb from september 2014use dmy dates from september 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version 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