Insurance companies more than doubled their net profits to Sh5.76 billion in the six months to June, despite an increase in claims triggered by rebounding economic activities. The latest industry data by the Insurance Regulatory Authority (IRA)shows profits grew 136 percent in the half-year from Sh2.24billion registered in a similar period of 2020, lifted by […]
(from left) Jubilee Holdings Regional CEO Julius Kipng’etich, Group Chairman Nizar Juma & Group Chief Operating Officer Juan Cazcarra Regional based insurer Jubilee Holdings has more than doubled its half year earnings to Ksh.4.5 billion from a lower Ksh.1.8 billion last year. The notable 146 per cent increase in profitability is largely attributable to gains […]
Nairobi — Regional insurer, Jubilee Holdings Limited has announced a profit of Sh4.5 billion in its half-year net earnings compared to Sh1.8 billion posted in a similar period last year. The group through a statement said that the improvement in the performance was greatly influenced by gains from the sale of a majority stake in […]
File Photo of Kenyatta National Hospital (KNH). At the same time, the underwriters have been hit by greater benefits from policyholders as the two factors combine to eat into the insurers’ earnings pie in the period. An analysis of publicly listed insurance financials through the half year stage by Citizen Digital captures the rising claims […]
File Photo of Kenyatta National Hospital (KNH). At the same time, the underwriters have been hit by greater benefits from policyholders as the two factors combine to eat into the insurers’ earnings pie in the period. An analysis of publicly listed insurance financials through the half year stage by Citizen Digital captures the rising claims […]
Jubilee Insurance has recorded half-year net earnings of Ksh. 4.5 billion. This is a 150% increase compared to Ksh 1.8 billion recorded in a similar period last year. With a presence in Kenya, Uganda, Tanzania, Burundi and Mauritius, the insurer posted a 119% increase in pre-tax profit of Ksh. 5.2 billion from Ksh. 2.4 billion […]
(from left) Jubilee Holdings Regional CEO Julius Kipng’etich, Group Chairman Nizar Juma & Group Chief Operating Officer Juan Cazcarra Regional based insurer Jubilee Holdings has more than doubled its half year earnings to Ksh.4.5 billion from a lower Ksh.1.8 billion last year. The notable 146 per cent increase in profitability is largely attributable to gains […]
Jubilee Holdings Limited regional CEO Julius Kipngetich, Group chairman Nizar Juma and Chief Operating Officer Juan Cazcarra, during the release of the insurer’s 2021 half- year financial results, in Nairobi/HANDOUT Jubilee Insurance has posted a Sh4.5 billion profit after tax for the half-year ended June 30, a 150 per cent jump compared to Sh1.8 billion […]
Nairobi — Regional insurer, Jubilee Holdings Limited has announced a profit of Sh4.5 billion in its half-year net earnings compared to Sh1.8 billion posted in a similar period last year. The group through a statement said that the improvement in the performance was greatly influenced by gains from the sale of a majority stake in […]
Jubilee board chairman Nizar Juma. FILE PHOTO | NMG Jubilee Holdings has booked a gain of Sh2 billion from the sale of a 66 percent stake in its former subsidiary Jubilee General Insurance Limited to Munich-based multinational Allianz. The company received Sh3.7 billion in the transaction, one of several that will be concluded towards the […]
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