Jubilee Holdings declared a 25% increase in net profit to Sh2.5bn, leading to a Sh2 interim dividend per share.
Jubilee Holdings, a leading Kenyan insurer, declared a Sh2 interim dividend per share due to a 25% increase in its net profit to Sh2.5bn for the first half of 2024. The revenues grew due to strong sales, claims control, and technology in the life and health segments. Jubilee's balance sheet expanded from KES 191bn to KES 202bn, and the Asset Management business introduced new products and branches, pushing retail Assets Under Management to KES 4bn.
August 29, 2024
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