Jubilee Holdings Limited (JHL) has announced a record profit before tax (PBT) of Sh6.2 billion for the financial year ended December 2024, marking the first time the company has surpassed the Sh6 billion mark.

The insurer’s gross written premiums (GWP) surged 34 percent to Sh53 billion, up from Sh39.6 billion in 2023, underscoring strong performance across all business units.

The company’s total assets grew by 12 percent to Sh213.6 billion, reinforcing its financial strength and strategic growth trajectory.

In light of the strong results, the Board has proposed a record dividend payout of Sh978 million, translating to Sh13.5 per share.

Jubilee’s health insurance business solidified its market leadership, maintaining the top position in Kenya and Uganda, and second in Tanzania.

The insurer introduced affordable health plans and the Lipa Pole Pole payment option, allowing flexible premium payments to enhance access to quality healthcare.

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The life insurance segment regained the number two position in the region, driven by 56 percent growth in Kenya and 58 percent growth in Tanzania.

Meanwhile, JHL’s asset management business, launched recently in Kenya, has already accumulated Sh12 billion in assets under management with over 6,000 customers, benefiting from competitive returns and superior service offerings.

JHL Group Chairman Zul Abdul credited the company’s success to resilience, strategic focus, and sustainable value creation, while Group CEO Dr. Julius Kipngetich emphasized JHL’s role beyond insurance, stating, “We are catalysts for progress, driving meaningful change across society.”