Jubilee maintains Sh2 dividend as H1 net profit jumps to Sh3.06bn
The profit climbed from Sh2.51 billion in the same period last year, supported by a 32.6 percent increase in insurance service revenue to Sh16.68 billion, up from Sh12.58 billion.
Jubilee Holdings has posted a 21.7 percent rise in net profit for the six months to June 2025, reaching Sh3.06 billion, boosted by higher earnings from insurance business.
The growth has enabled the company to maintain an interim dividend of Sh2 per share.
The profit climbed from Sh2.51 billion in the same period last year, supported by a 32.6 percent increase in insurance service revenue to Sh16.68 billion, up from Sh12.58 billion.
The group reported strong growth across its main units, with the life business expanding by 44 percent and the health insurance segment growing by 29 percent.
Jubilee attributed the improved performance to stronger sales, tighter claims management, and efficiency gains from technology adoption. Its insurance service result—the balance of insurance revenue and expenses—rose to Sh1.1 billion from Sh959.92 million in the same period last year.
“These results reflect the steady progress we are making as a group, anchored on efficiency, disciplined strategy execution, and above all, the trust of our customers. We continue to strengthen our business through digital innovations, customer-centric solutions, and sustainability initiatives, all aimed at delivering long-term value for our stakeholders,” said chairman Zul Abdul.
Despite the profit growth, the company kept its interim dividend unchanged at Sh2 per share, amounting to Sh144.95 million, the same level as last year. The dividend will be paid on or about October 9.
This follows the Sh11.50 per share final dividend that shareholders received last month for the 2024 full-year results, which also included an interim payout of Sh2 per share.
