Listed insurer Jubilee Holdings Limited closed 2025 with net profit up 18% to KSh 5.55 billion, extending a decade of compounding that has seen earnings per share double from KSh 39 to KSh 80
- •The decade has seen total assets triple from KSh 82.38 billion to KES 251.08 billion, and shareholders' funds grow from KSh 19.10 billion to KSh 55.61 billion since 2015.
- •Gross written premiums and deposit administration contributions reached KSh 62.40 billion for the full year ended 31 December 2025, up 18% from KES 53.00 billion, driven by double-digit growth in both the Life and Health segments.
- •The board declared a total dividend of KSh 15 per share, comprising a KSh 2 interim paid in October and a proposed KSh 13 final payable in July 2026, bringing total shareholder distributions to KES 1.09 billion for the year.
Profit before tax came in at KSh 7.18 billion, up 15.4%, while the insurance services result more than doubled to KSh 1.85 billion as underwriting margins improved at the consolidated level.
The investment portfolio has been central to the group's earnings stability. A KSh 224.75 billion asset base, weighted heavily toward Kenyan government securities, generated a net financial result of KSh 4.51 billion in 2025. The long-term business funds base has grown from KES 42.34 billion in 2015 to KSh 187.80 billion, reflecting sustained inflows into life and pension products across the group's five operating markets. In a year where fixed income yields remained elevated, that portfolio positioning was a material earnings contributor.
The consolidated picture, however, masks a deterioration inside the Health segment. Jubilee Health Insurance Kenya posted net profit of KSh 424.84 million, down from KSh 910.47 million in 2024, after claims costs in select corporate segments outpaced revenue growth. Insurance service expenses rose 31.1% to KSh 16.78 billion against revenue growth of 23.8% to KSh 16.68 billion, producing an underwriting loss at the subsidiary level.
The group attributed the pressure to elevated utilization within specific corporate portfolios in Kenya and Uganda and said corrective measures have been implemented. The Life Kenya subsidiary also saw a modest retreat, with net profit easing to KSh 2.01 billion from KSh 2.07 billion.
