BUSINESS

Jubilee Holdings Declares Ksh145 Million Dividend as H1 Net Profit Grows 13%

Share
Jubillee Insurance H1 financial results
Jubilee Holdings Limited Deputy Group CEO Juan Cazcarra with Director John Metcalf, Chairman Zul Abdul, and Group CEO Dr. Julius Kipngetich during the release of the Half Year Financial Results. (Photo: PR Handout)
Share

Jubilee Holdings Limited has reported a 30% increase in profit before tax to Ksh 4.4 billion for the six months ended June 2026. Net Profit rose 13% to Ksh 3.4 billion from Ksh 3.1 billion reported in the same period last year. The board has declared an interim dividend of Ksh 2 per share, totalling Ksh 145 million.

According to the results, total assets grew by 9% to Ksh 272.7 billion, from Ksh 251.1 billion, driven by growth in the investment portfolio and continued business expansion. Insurance revenue stood at Ksh 16.9 billion, a 1% growth from the same period last year, positively impacted by good performance in the life business at 14% increase and offset by a deliberate focus of profitable portfolios to drive sustainable growth in the health business.

Insurance service result declined by 60% to Ksh 445 million, driven by a high claims experience and medical inflation impacting the health business. This was partly offset by positive growth in the life business at 52%. The asset management business sustained strong growth, with retail Assets Under Management more than doubling year-on-year by 116% to Ksh 33 billion, alongside an 18% increase in overall Assets Under Management.

JHL Chairman Zul Abdul noted that the performance provides a solid foundation for continued progress. “More importantly, it demonstrates the solid foundation we are building for long-term growth,” Mr Abdul said. “We have continued to sharpen our portfolio and deploy capital where it can create the greatest value, with the conclusion of the sale of our remaining stake in SanlamAllianz Uganda marking an important step in this journey.”

RELATED >> Jubilee Holdings Full-Year Performance for 2025

Following the recent amalgamation of life and health insurance companies, the Uganda business delivered a significant turnaround, demonstrating stronger profitability and greater stability, while attaining the No. 1 position in the market. The integration brings together complementary capabilities and greater scale, enabling the business to drive operational efficiencies, enhance customer value and unlock new revenue opportunities.

During the period, Jubilee Insurance transitioned its corporate brand to Jubilee Group, marking a significant milestone in its evolution towards delivering diversified financial services solutions. The new identity reflects its breadth and strength, as well as its ability to leverage its collective capabilities to create greater value for customers and shareholders across its markets.

The Group is listed on Nairobi Securities Exchange, Dar es Salaam Stock Exchange, and Uganda Securities Exchange as Jubilee Holdings Limited.

READ >> Samsung Launches Galaxy s26 in Kenyan market
Written by
BILL YAURA

Bill Yaura is a Correspondent for Business Today. He can be reached on email: [email protected]

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Usenge Pier Project.
NEWS

Govt Banks On Usenge Pier Project to Boost Lake Victoria Trade and Transport

The construction of Usenge Pier in Bondo, Siaya County, is expected to...

Uchumi is one of the speculative counters at the NSE
BUSINESSFEATURED ARTICLESTOCKS

NSE: How to Trade Penny Stocks

NSE speculative investors have occasionally traded in penny stocks, these are cheap...

Thwake Dam receives additional funding after Cabinet Approval
AGRICULTURE

Thwake Multipurpose Dam Receives Additional KSh12.8Bn After Cabinet Approval

Thwake Multi-Purpose Dam, considered Kenya’s largest earth dam, which has stalled for...

Manuela Siakou Heal by Hair ambassador
LIFESTYLENEWS

Where Women Turn to Hairdressers For Mental Health Therapy

Bluemind Foundation's Trust Study, conducted with 576 women, examines an overlooked part...