Regional Insurance solutions provider Jubilee Holdings Ltd has recorded a 21.7% increase in net earnings to KES 3.1 billion in the six months ended June 2025, on the back of increased insurance revenue, while its interim dividend remained static at KES 2 per share.
Insurance revenue rose sharply by 32.6% to KES 16.7 billion from KES 12.6 billion, while insurance service result improved to KES 1.1 billion from KES 959.9 million in the same period last year. The Group saw its net financial result grow 76.1% to KES 1.6 billion from KES 909.7 million in the first half of 2024.
Net profit stood at KES 3.1 billion, up 21,7% from KES 2.5 billion in H1 2024. The significant growth in net earnings is attributed to increased sales, operations efficiency, and claims control. Earnings per share stood at KES 41.63, up 20.3% relative to the same period last year.
The Group’s asset base expanded to KES 228.4 billion from 202.6 billion, while total equity slid 5.3% to KES 53.8 billion from KES 56.9 billion.
The Board of Directors maintained the interim dividend at KES 2 per share, totaling KES 145 million payable on or about October 9, 2025, to shareholders on the company’s register on September 8.
Jubilee Holdings Revenue Diversification and Digital Transformation
In August 2024, Jubilee Holdings, through its subsidiary, Jubilee Asset Management, broadened its revenue base by launching a USD Money Market Fund dubbed Jubilee Money Market Fund. The Money Market Fund (MMF) is designed to suit investors who prefer stable and predictable US dollar-denominated returns. The company is set to enjoy, foreign currency exposure, improved liquidity management and stronger customer attraction.
In the digital space, Jubilee Life Insurance has made substantial strides. In August 2025, the subsidiary launched a digital platform, J-Force, set to transform insurance distribution by enabling intermediaries to efficiently register and serve clients. J-Force offers a solution to delays in issuing policies, restricted access to products in rural areas, and the absence of real-time insights into agent performance. The company seeks to expand its market share by providing quality customer service through technology.
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