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Jubilee Holdings has announced a historic Profit Before Tax (PBT) of KSh 6.2 billion for 2024, a significant increase from KSh 2.8 billion in 2023.
- •Jubilee Holdings recorded 34% growth in Gross Written Premiums (KSh 53B) cementing its market leadership across East Africa.
- •The insurer delivered KES 1.35B improvement in Insurance Service Results, turning a 2023 loss into profitability through expense management and reinsurance optimization.
- •This marks the first time the company’s PBT has surpassed the KSh 6 billion mark.
Key Financial Highlights
| Metric | 2024 | 2023 | Change | % Change |
|---|---|---|---|---|
| Profit Before Tax | 6.2B | 2.8B | ▲ 3.4B | +124% |
| Net Profit | 4.7B | 2.6B | ▲ 2.1B | +82% |
| Gross Written Premiums | 53.0B | 39.6B | ▲ 13.4B | +34% |
| Insurance Revenue | 22.7B | 22.6B | ▲ 0.1B | +0.3% |
| Net Financial Result | 4.07B | -0.28B | ▲ 4.35B | +1,574% |
| Total Dividend/Share (KES) | 13.50 | 12.00 | ▲ 1.50 | +12.5% |
| Earnings Per Share (KES) | 65 | 36 | ▲ 29 | +81% |
Shareholders benefited from enhanced returns, with total dividends rising to KSh 13.50 per share (2023: KSh 12.00), marking a 12.5% year-on-year increase.
Final Dividend Payment:
- •KES 11.50/share payable 25th July 2025
- •Record date: 28th May 2025