• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Wednesday, June 29, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Jubilee Holdings shareholders approve a total dividend of Kes 1.1 billion for 2021

Business ReporterbyBusiness Reporter
June 22, 2022
in Markets
Reading Time: 2 mins read
Jubilee Insurance

During the virtual 2021 Annual General Meeting (AGM) held in Nairobi, the shareholders of Jubilee Insurance approved the payment of the final dividend of Kes 13.0 per share as recommended by the Board. This brings the total dividend to Kes 14.0 (including a special dividend of Kes 5.0) following the exceptional results last year where the Profit Before Tax stood at Kes 8.4 billion, increasing by 66% from the Kes 5.1 billion reported 2020.

This strong performance, despite the increase of medical and life claims relating to COVID-19 cases, was partly driven by the gain on the sale of controlling interests in the general businesses in Kenya and Uganda, transactions that were completed last year: Jubilee retains a 34% interest in both companies.

In 2021, Jubilee’s Gross Written Premium reached Kes 38.8 billion, an increase of Kes 825 million. The growth, despite the loss of the general insurance business in Kenya and Uganda, was driven by the good performance in the health and life insurance business, which grew by Kes 1.4 billion and Kes 1.2 billion respectively.

ADVERTISEMENT

The group’s total assets increased by Kes 9 billion to Kes 155 billion from Kes 146 billion in 2020, the largest in the industry. 

General insurance business is within its implementation schedule with Kenya, Uganda and Burundi already completed by the end of 2021. The sale of the General insurance in Tanzania and Burundi was completed in the first half of 2022 and Mauritius will be completed in the next few months. At completion, JHL will have received funds of approximately Kes 7.7 billion for its value of the shares sold. 


Hisa App Hisa App Hisa App
Previous Post

Uganda’s Tugende Closes Pre-Series B Funding

Next Post

IMF to Delay Disbursing KSh28.7 Billion Loan to Kenya

Related Posts

Sri Lanka Suspends Fuel Sale for Non-Essential Vehicles as Economic Crisis Bites

Sri Lanka Suspends Fuel Sale for Non-Essential Vehicles as Economic Crisis Bites

June 28, 2022

CMA to Investigate Transfer of Unilever Stake in Limuru Tea

June 28, 2022

Base Titanium to Invest KSh3.3 Billion Capital in New Mining Site

June 28, 2022

NSE Daily Equity Turnover Drops 57% to KSh 515.6m

June 27, 2022

Kenya Shilling Weakens further as August Polls Approach

June 27, 2022

NSE Weekly Equity Turnover Rises 23.8% to KSh 2.6Billion

June 25, 2022

NSE Daily Equity Turnover Declines 84.8% to KSh 120M

June 23, 2022

NSE Holds Conference for Finance Officers in Kenya

June 23, 2022
Load More
Next Post
IMF to Delay Disbursing KSh28.7 Billion Loan to Kenya

IMF to Delay Disbursing KSh28.7 Billion Loan to Kenya

ADVERTISEMENT

Follow Us

  • 139k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

Jun
29
Wed
all-day Uganda Clays Annual General Meeting
Uganda Clays Annual General Meeting
Jun 29 all-day
Uganda clays annual general meeting
all-day Uganda Clays Book Closure
Uganda Clays Book Closure
Jun 29 all-day
Uganda Clays book Closure
Jun
30
Thu
all-day Diamond Trust Bank Kenya Book Cl...
Diamond Trust Bank Kenya Book Cl...
Jun 30 all-day
 
all-day Equity Group Payment of Final Di...
Equity Group Payment of Final Di...
Jun 30 all-day
 
all-day Kakuzi Plc Dividend Payment
Kakuzi Plc Dividend Payment
Jun 30 all-day
 
Jul
1
Fri
all-day BK Group Dividend Payment
BK Group Dividend Payment
Jul 1 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In