Jubilee Holdings #ticker:JUB has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. The Nairobi Securities Exchange #ticker:NSE -listed firm will lease out part of its current address –Jubilee Insurance House on Wabera Street— […]
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Jubilee Holdings announces special dividend as profits hit Sh6.83bn
NAIROBI, Kenya April 1-Jubilee Holdings shareholders are set to receive a total dividend of Sh1.015 billion including a special dividend of Sh14 per share after the underwriter reported a 7 per cent jump in net profits for the full year ended December 31, 2021. The underwriter on Thursday announced that its net profit for the […]
Jubilee shareholders set for Sh1b dividends as profits hit Sh6.8b
Jubilee Holdings Chairman Nizar Juma (centre), Group CEO Julius Kip’ngetich (left) and Group Chief Operating Officer Juan Cazcarra during a press briefing on the firm’s 2021 financial results in Nairobi yesterday. Jubilee Holdings shareholders are set for a record Sh1.015 billion dividend payout after the insurer’s net profit grew 67 per cent helped by the […]
Jubilee Holdings Announces Special Dividend as Profits Hit Sh6.83 Billion
The underwriter on Thursday announced that its net profit for the year rose to Sh6.83 billion from Sh4.08 billion The increase 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 Holdings Limited Group CEO Julius Kipng’etich noted […]
Kenya: Jubilee Holdings Announces Special Dividend as Profits Hit Sh6.83 Billion
Nairobi — Jubilee Holdings shareholders are set to receive a total dividend of Sh1.015 billion including a special dividend of Sh14 per share after the underwriter reported a 7 per cent jump in net profits for the full year ended December 31, 2021. The underwriter on Thursday announced that its net profit for the year […]
Mixed performance by insurance firms as claims remain high
CIC Group has posted a Sh55million loss on its life assurance business for the year ended December 2021 , as claims hit Sh3.8billion, from Sh3.1 billion previous year. This is from a Sh60.2 million profit reported for the segment in 2020. Total benefits , claims and other expenses increased to Sh5.7 billion up from Sh4.7 […]
Mixed performance by insurance firms as claims remain high
CIC Group has posted a Sh55million loss on its life assurance business for the year ended December 2021 , as claims hit Sh3.8billion, from Sh3.1 billion previous year. This is from a Sh60.2 million profit reported for the segment in 2020. Total benefits , claims and other expenses increased to Sh5.7 billion up from Sh4.7 […]
Jubilee shareholders set for Sh1b dividends as profits hit Sh6.8b
Jubilee Holdings Chairman Nizar Juma (centre), Group CEO Julius Kip’ngetich (left) and Group Chief Operating Officer Juan Cazcarra during a press briefing on the firm’s 2021 financial results in Nairobi yesterday. Jubilee Holdings shareholders are set for a record Sh1.015 billion dividend payout after the insurer’s net profit grew 67 per cent helped by the […]
DR Congo entry to EAC ‘a game changer to intra-regional trade’
President Uhuru Kenyatta sees off visiting President of the Democratic Republic of the Congo Felix Tshisekedi, at JKIA, Nairobi. The Democratic Republic of Congo has officially joined the East African Community (EAC) today adding its more than 90 million market population to the regional trading bloc. The populous Central African country was today admitted as […]
Money Insurance Market is Going to Boom | Hollard, Allianz, Tokio Marine
The Latest Released Money Insurance market study has evaluated the future growth potential of Money Insurance market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, […]
