Jubilee grows full year profit to Sh4.72 billion
This significant growth reflected strong performance across all business units and underscored the trust and confidence that customers continue to place in the Jubilee brand
Jubilee Holdings Ltd (JHL) has announced an KES4.72 billion profit for the full year ended December 31 2024, up from the KES2.6 billion reported in 2023.
This significant growth reflected strong performance across all business units and underscored the trust and confidence that customers continue to place in the Jubilee brand.
Gross Written Premiums (GWP) grew by 34% to KES 53 billion, up from KES 39.6 billion in FY2023.
Total Assets grew by 12% from KES 190.5 billion to KES 213.6 billion, reinforcing the Group’s financial strength and strategic growth trajectory.
Commenting on the results, JHL Group Chairman Mr. Zul Abdul said, “JHL’s strong performance is a testament to our resilience, strategic focus, and commitment to delivering sustainable value for our shareholders. We remain confident in our growth trajectory and our ability to seize new opportunities while strengthening our market leadership.”
The Board has recommended a record dividend payout of KES 978 million, translating to KES 13.5 per ordinary share, reflecting the company’s commitment to delivering value to its shareholders.