Jubilee Holdings’ Half-Year Net Profit records 22% growth to KES 3.1 billion

Jubilee Holdings’ Half-Year Net Profit Records 22% Growth to KES 3.1 Billion

Performance Highlights

• Insurance Revenue rose by 33% to KES 16.7 billion

• Net Profit grew by 22% to KES 3.1 billion

• Total Assets up 7% to KES 228.4 billion

• Interim dividend declared at KES 2 per share (KES 145 million)

Friday, 29th August 2025, Nairobi, Kenya – Jubilee Holdings Limited has posted a Net Profit of KES 3.1 billion for the half-year ended June 2025, representing a 22% increase from KES 2.5 billion recorded during the same period last year. This growth was driven by improvements in sales, claims control, and technology-driven efficiency.

As a result, the Board of Jubilee Holdings has declared an interim dividend of KES 2 per share, totaling KES 145 million.

Insurance Revenue grew by 33%, reaching KES 16.7 billion compared to KES 12.6 billion in the same period last year, reflecting robust business growth across markets, with Life growing by 44% and Health by 29%.

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 KES 15 billion.

Total Assets rose by 7% in the first six months, from KES 213 billion to KES 228 billion, reflecting continued balance sheet resilience.

Commenting on the Half-Year Financial Results, Jubilee Holdings Chairman Zul Abdul attributed the performance to operational efficiency, disciplined strategy execution, and continued client confidence. He noted that these factors position the Group to sustain growth while delivering long-term value to 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 Mr. Abdul.

Digital innovation remains a core pillar for Jubilee Holdings. The Group is leveraging technology to streamline operations, enhance customer experiences, and develop solutions that address evolving client needs.

In an industry with low insurance penetration, Jubilee is using its scale and expertise to drive wider uptake, broaden access to insurance products, and promote financial protection across the market. A key initiative is the J-Force App, which simplifies policy management, client engagement, and transaction processing. This allows the Group’s network of over 5,400 intermediaries to focus on delivering greater value to customers and strengthening relationships.

Recognition & Awards
Jubilee Holdings has been recognized by Business Monthly as one of the Top 3 Most Customer-Centric Brands and among the Top 6 High-Performing Publicly Listed Companies in 2025, 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 +60.

ESG & Community Impact
Beyond financial performance, Jubilee Holdings continues to positively impact society through ESG initiatives. Social programs support community development and child welfare through the Jubilee Children’s Fund and other programs promoting health, education, and financial inclusion. Governance practices emphasize ethical operations, transparency, and responsible business conduct, while environmental sustainability initiatives reinforce the Group’s commitment to long-term value creation.

The Group also champions community wellness and social impact through initiatives such as the upcoming Jubilee Live Free Race. This year’s cycling event, supported by the Jubilee Children’s Fund, will promote physical mobility for children, providing prosthetic arms and limbs to restore confidence, independence, and the freedom to live fully.