Jubilee Holdings Limited Delivers 30% growth in H1 Profit Before Tax to KES 4.4 Billion
Key performance highlights
- Profit Before Tax up 30% to KES 4.4 billion
- Net Profit increased by 13% to KES 3.4 billion
- Total Assets rose 9% to KES 272.7 billion
- Ordinary Interim Dividend KES 2 per share, totalling KES 145
Friday, 28th August 2026, Nairobi Kenya…. Jubilee Holdings Limited has reported a 30% increase in Profit Before Tax to KES 4.4 billion for the six months ended June 2026. Net Profit rose 13% to KES 3.4 billion from KES 3.1 billion reported in the same period last year.
The Board has declared an interim dividend of KES 2 per share, totalling KES 145 million, continuing its track record of returning value to shareholders.
Total Assets grew by 9% to KES 272.7 billion, from KES 251.1 billion, driven by growth in the investment portfolio and continued business expansion.
Insurance Revenue stood at KES 16.9 billion, a 1% growth from the same period last year, positively impacted by good performance in the Life business at 14% increase and offset by a deliberate focus of profitable portfolios to drive sustainable growth in the Health business.
Insurance Service Result declined by 60% to KES 445 million, driven by a high claims experience and medical inflation impacting the Health business. This was partly offset by positive growth in the Life business at 52%.
The Asset Management business continued its strong growth trajectory, with retail Assets Under Management more than doubling year-on-year by 116% to KES 33 billion, alongside an 18% increase in overall Assets Under Management. The business was also recognised as the Fastest Growing Retail Asset Management Company in 2026 by the Global Banking & Finance Awards, while its USD Money Market Fund achieved a 24% market share, the highest among its competitors.
JHL Chairman Zul Abdul noted that the performance provides a solid foundation for continued progress, with a clear focus on sustainable shareholder returns, customer value and delivery of company ambitions.
“The Group’s performance in the first half of the year reflects the resilience of our business and the progress we are making in executing our strategy. More importantly, it demonstrates the solid foundation we are building for long-term growth. We have continued to sharpen our portfolio and deploy capital where it can create the greatest value, with the conclusion of the sale of our remaining stake in SanlamAllianz Uganda marking an important step in this journey. Our priority remains to invest with purpose, deploy capital where it creates the greatest value and build a more resilient company that delivers lasting value for our customers and shareholders,” said Mr. Abdul.
Following the recent amalgamation of the Life and Health Insurance companies, the Uganda business delivered a significant turnaround, demonstrating stronger profitability and greater stability, while attaining the No. 1 position in the market. The integration brings together complementary capabilities and greater scale, enabling the business to drive operational efficiencies, enhance customer value and unlock new revenue opportunities.
During the period, Jubilee Insurance transitioned its corporate brand to Jubilee Group, marking a significant milestone in its evolution towards delivering diversified financial services solutions. The new identity reflects its breadth and strength, as well as its ability to leverage its collective capabilities to create greater value for customers and shareholders across its markets.
Technology continues to be central to Jubilee’s strategy to expand access to insurance and enhance customer value. Having progressed to the second phase of its digital transformation journey, JHL is advancing the use of analytics and artificial intelligence to deliver more seamless customer experiences, strengthen fraud detection and drive greater operational efficiency. This continued focus on customer-centricity is translating into stronger customer advocacy, with the Group’s Net Promoter Score reaching 64.
Beyond its own platforms, JHL is strengthening partnerships across the financial services ecosystem to extend its reach and accelerate financial inclusion. Its recent collaboration with FSD Africa is one example of this approach, combining complementary expertise and capabilities to develop solutions that broaden access to relevant financial protection. Together, these efforts are expanding reach and supporting the ambition to double the number of lives reached by 2027, while advancing greater insurance uptake across its markets.
The organisation continues to contribute to positive social outcomes through targeted investments in health and education. Through the Jubilee Children’s Fund, 3,209 children have benefited from initiatives aimed at improving access to essential healthcare and education, with a growing priority on eye care. These interventions are helping address barriers that affect children’s ability to learn and thrive, reinforcing the organisation’s commitment to creating meaningful and lasting impact in the communities it serves.
This focus extends to employees and their families, with the launch of an on-site creche supporting working parents and creating a more family-friendly and inclusive workplace.
Alongside these initiatives, Jubilee is taking practical steps to reduce its environmental footprint, with two thirds of its energy demands at its headquarters now powered by solar energy. The transition marks an important milestone in its sustainability journey and reflects a continued focus on integrating sustainability into its day-to-day operations.
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