Jubilee Holdings Limited reported a 21.7% rise in Profit After Tax (PAT) to Ksh3.1 billion for the half-year ended June 2025, up from Ksh2.5 billion in H1 2024.
The performance was fueled by a 32.6% increase in insurance services revenue to Ksh16.7 billion, offset by a 36.6% rise in insurance service expenses to Ksh15.4 billion.
Chairman Zul Abdul attributed the results to “efficiency, disciplined strategy execution, and above all, the trust of our customers.” He added, “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.”
Financial Highlights: Strong Revenue, Balanced Cost Management
| Metric | H1 2024 | H1 2025 | YoY Change |
|---|---|---|---|
| Insurance Revenue | Ksh12.6B | Ksh16.7B | +32.6% |
| Net Insurance Income | Ksh1.0B | Ksh1.1B | +15.0% |
| Net Insurance Finance Result | -Ksh0.9B | -Ksh1.6B | +76.1% |
| Profit Before Tax | Ksh2.9B | Ksh3.4B | +15.5% |
| Profit After Tax | Ksh2.5B | Ksh3.1B | +21.7% |
| Core EPS | Ksh34.6 | Ksh41.6 | +20.4% |
Despite higher operating costs, Jubilee’s net expenses from reinsurance contracts dropped 45.8%, helping stabilise margins. Net non-attributable income declined 35.2%, but overall profitability remained strong.
Balance Sheet Growth and Dividend Update
Total assets rose 12.7% to Ksh228.4 billion, driven by a 13.8% increase in investment assets. Insurance contract liabilities grew 20.8% to Ksh166.8 billion, while shareholder funds dipped 4.8% to Ksh51.7 billion.
The board declared an interim dividend of Ksh2.00 per share, totalling Ksh145 million, a strategic reduction from the prior year’s payout of Ksh833 million, signalling a reinvestment focus.
Strategic Drivers: Regional Diversification and Tech Innovation
Jubilee’s footprint across Kenya, Uganda, and Tanzania continues to support multi-market growth. Life insurance revenue grew 44%, while health insurance rose 29%, underscoring product diversification.
The Group’s asset management arm saw rapid expansion, pushing retail Assets Under Management (AUM) to Ksh15 billion. Jubilee was also recognised among the top three most customer-centric brands and the top six high-performing listed firms at the Nairobi Securities Exchange in 2025.
Digital transformation remains central, with the launch of the J-Force App enabling real-time policy management and client engagement. “Our network of over 5,400 intermediaries can now focus on delivering greater value to customers,” the company stated.
ESG and Community Impact
Jubilee continues to champion sustainability through the Jubilee Children’s Fund and initiatives like the Jubilee Live Free Race, which supports prosthetic mobility for children. The Group’s net promoter score surpassed +60, reflecting strong customer loyalty.
Governance, transparency, and ethical conduct remain core pillars, with environmental considerations embedded across operations.
