JUBILEE Holdings Limited has posted a net profit of Sh3.1 billion for the half year ended June 2025, representing a 22 per cent increase from Sh2.5 billion recorded during the same period last year.
This increase was driven by the improvement in sales, claims control and technology driven efficiency, management noted yesterday.
As a result, the board of Jubilee Holdings has declared an interim dividend of Sh2 per share, totaling Sh145 million.
Insurance revenue grew by 33 per cent, reaching Sh16.7 billion compared to Sh12.6 billion in the same period last year, underscoring robust business growth across its markets with life growing by 44 per cent and health by 29 per cent.
The Asset Management business recorded remarkable growth, driven by the introduction of new products and branch expansions, positioning it as the fastest growing Asset Manager and pushing Retail Assets Under Management (AUM) to the Sh15 billion mark.
Total assets value rose by seven per cent in the first six months from Sh213 billion to Sh228 billion, reflecting continued balance sheet resilience.
While commenting on the half year financial results, Jubilee Holdings Chairman Zul Abdul, attributed the performance to the company’s operational efficiency, disciplined execution of its strategies and the continued confidence that clients place in the business.
He noted that this combination has positioned the Group to sustain growth while delivering long-term value to its shareholders and stakeholders.
“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 Abdul.
Digital innovation continues to be a core pillar for Jubilee Holdings. The Group is leveraging technology to streamline operations, improve customer experiences and develope new solutions that address the evolving needs of its clients.
In an industry where insurance penetration remains low, Jubilee, as a market leader, is using its scale and expertise to drive greater uptake, broaden access to insurance products and encourage more widespread financial protection across the market, management said.
A key initiative in this effort is the launch of the J-Force App, which simplifies policy management, client engagement and transaction processing.
"By streamlining these processes and making them real-time, the Group’s network of over 5,400 intermediaries can focus on delivering greater value to customers, strengthening relationships, and improving service," the firm said.
Jubilee Holdings has also been recognised by Business Monthly as one of the top three Most Customer-Centric Brands and among the top six high-performing publicly listed companies in 2025 (at the Nairobi Securities Exchange), a ranking reflecting its strong financial performance in 2024 despite a challenging business environment.
The company’s commitment to customer centricity saw its net promoter score hit the +60 mark. Beyond its strong financial performance, Jubilee Holdings continues to contribute positively to society through its ESG initiatives.
On the social front, the Group supports community development and child welfare through the Jubilee Children’s Fund and other programmes that promote health, education and financial inclusion.
Governance practices are reinforced through ethical operations, transparency and responsible business conduct, while environmental considerations are integrated into sustainability initiatives across the Group, reflecting Jubilee’s commitment to creating long-term value for both stakeholders and the communities it serves.
In addition, Jubilee Holdings champions community wellness and social impact through initiatives such as the upcoming Jubilee Live Free Race. Through the Jubilee Children’s Fund, this year’s cycling event will go beyond sport to champion physical mobility for children, providing prosthetic arms and limbs that restore confidence, independence, and the freedom to live fully, according to the firm.
