Jubilee Holdings Declares A Record Dividend Following 18% Increase in Net Profit
Key Performance Highlights
• Record Profit Before Tax achieved, up 15% to KES 7.2 billion
• Net Profit up 18% to KES 5.6 billion
• Net Assets rose 9% to KES 55.6 billion
• Gross Written Premiums and Deposit Administration Contributions grew by 18% to KES 62.4
billion
• Ordinary Dividend up 11% to KES 15 per share, totalling KES 1.1 billion
Thursday, 9th April 2026, Nairobi, Kenya…. Jubilee Holdings Limited has reported a 15 per cent increase in Profit Before Tax of KES 7.2 billion for the year ending December 2025, driven by higher insurance revenues and improved service performance.
This is a growth from KES 6.2 billion recorded in the same period last year. Net Profit jumped 18per cent to KES 5.6 billion in the period under review. This growth trajectory is bolstered by a multipillared strategy centred on digital innovation, cost management, and a widening regional footprint. Gross Written Premiums and Deposit Administration Contributions grew by 18 per cent to KES 62.4 billion, from KES 53.0 billion a year earlier. This performance was underpinned by a double-digit growth in both its Life and Health businesses. Net Assets grew by 9 per cent to KES 55.6 billion supported by a strong portfolio and solid investment strategy.
The Board has recommended a total Ordinary Dividend of KES 1.1 billion, equivalent to KES 15 per share, up 11 per cent, highlighting the company’s commitment to delivering shareholder value. Commenting on the results, JHL Chairman Zul Abdul noted that the Group has once again reported strong financial results, underpinned by a disciplined strategic focus on innovation, operational excellence, and long-term value creation.
“JHL has delivered another year of strong profitability despite a challenging operating environment, reaffirming a track record of consistent growth. Building on this momentum, we remain focused on creating sustainable value and unlocking new opportunities for all our stakeholders.”During the year, the group undertook a series of strategic initiatives to enhance stakeholder value and streamline operations, including the amalgamation of its health and life businesses in Uganda.
This move improves efficiency and product delivery, positioning Jubilee Insurance Uganda as the number 1 insurer in Life and Health, according to the latest IRA report.
The Asset Management business continued its robust growth during the year, with external Assets Under Management (AUM) surging to KES 22.1 billion, a remarkable 150% year-on-year increase. This demonstrates investor confidence and underscores its status as the fastest-growing retail asset manager.
The Health business experienced cyclical pressures from claims experience in Kenya and Uganda. In Kenya, the impacts were concentrated within specific segments of the corporate portfolio, which weighed on the overall loss ratio and corrective measures have been implemented to improve the outlook for 2026. This occurred against a backdrop of sturdy growth in gross written premiums. The SME and personal lines segments remained stable and profitable, underscoring the resilience of the Health business, which holds the No. 1 position across the Region.
Excellent momentum was achieved in Life business growth in 2025, contributing to Jubilee’s increased market share across the region, led by a 50 per cent jump in gross written premiums in Tanzania. JHL Group CEO Dr. Julius Kipngétich noted that the results underscore the Group’s solid foundation and ability to navigate challenges effectively, adding: “Building on our resilience, we remain focused on leveraging opportunities, driving innovation, and creating sustainable value for our customers,
shareholders, and partners.”
JHL Deputy Group CEO, Juan Cazcarra, emphasized that the Group’s investments in innovation and digitisation are driving sustainable, strategic growth. “By leveraging technology, we are empowering our people to focus on high-impact initiatives, deliver transformative solutions, and create lasting value for both the business and the communities we serve. Initiatives like Changamk@ Na Milli harness employee creativity to reshape customer experience across the region. We are also establishing a dedicated AI team to drive disruption and unlock new opportunities, reinforcing Jubilee’s position at the forefront of innovation and market leadership.”
The Group’s commitment to excellence was recognised through 25 awards, including both corporate accolades and individual achievements, reflecting its dedication to creating meaningful impact and empowering communities.
