Browsing: Jubilee Holdings Limited

Regional insurer Jubilee Holdings Limited has cut dividend payout to shareholders to $6.18 million in 2022 from $6.69 million a year earlier. The declaration follows shareholders’ endorsement of the payment of a dividend of $0.064 per share plus a special dividend of $0.021 per share during the 2022 Annual General Meeting (AGM).…

Investment income and higher net premiums contributed to Jubilee’s increased net profit of Sh6.8 billion for the year that ended in December, which was up 67% from the previous year.

As a result of the performance, the company has declared an extraordinary dividend of Sh5 for each share. In addition to its regular dividend of Sh9 per share, the company distributed this amount.

After reaching an agreement to purchase a majority stake in Jubilee’s general insurance businesses, Allianz negotiated a contract with Sanlam Limited of South Africa to establish a joint venture. This agreement may have repercussions for the Kenya-based subsidiaries of both of the aforementioned companies.…

• Jubilee Holdings Limited’s shareholders have approved a final dividend of KSh 13.0 per share
• The payout follows the exceptional results posted in 2021, where the gross profit hit KSh 8.4 billion, after increasing by 66% from the KSh 5.1 billion reported in 2020
• The performance was despite the increase of medical and life claims relating to COVID-19 cases, which was partly driven by the gain on the sale of controlling interests in the general businesses in Kenya and Uganda

Jubilee Holdings Limited’s shareholders have approved a final dividend of KSh 13.0 per share, bringing the total dividend payout to KSh 14.0 (including a special dividend of KSh 5.0).

The payout follows the exceptional results posted in 2021, where the gross profit hit KSh 8.4 billion, after increasing by 66% from the KSh 5.1 billion reported in 2020.

According to the regional insurer, the performance was despite the increase of medical …

East Africa’s largest insurer, Jubilee Holdings Limited has announced a Profit Before Tax of Sh5.206 billion, representing an increase of 119 percent for the Half Year ended June 30th, 2021.

This jump was partly due to the gain of Sh2.074 billion, from the sale of 66 percent of its Kenyan General Insurance business to the Allianz group on May 4th, 2021.

However, the Profit Before Tax on the Insurance business grew by an impressive 32 percent from Sh2.377 billion to Sh3.132 billion.

Total Gross Written Premiums and Deposit Administration contributions grew by 10 percent to Sh22.2 billion compared to Sh20.2 billion in 2020 due to a dynamic growth of 20 percent in Medical business and a 36 percent increase in Annualized Premium Equivalent sales.

This strong performance reflects Jubilee’s diversified business and investment portfolio that has proven robust against the backdrop of the Covid-19 pandemic and is now well positioned …

East Africa’s largest insurance group, Jubilee Holdings Limited, has signed a deal with Credit Bank in a move that will see the two entities launch education and investment plans through the Bancassurance model.

The plan to be rolled out by Credit Bank through ‘My Friend Insurance Agency’’ seeks to focus on ensuring that customers of both entities build an education fund and a savings portfolio over a period of time through the bank’s Bumblebee Account, as well as Jubilee Insurance’s array of investment and education plans like Fanaka and Career Life Plus.

This will be facilitated through the use of Bancassurance sales officers strategically positioned at the bank’s 17 branches countrywide.

Jubilee Insurance and Credit Bank see this as an opportunity to entrench a saving culture among Kenyans that currently stands at 11.2 per cent of GDP, according to the latest report by the National Treasury.

READ ALSO:Kenya’s