NAIROBI, Kenya- Jubilee Holdings shareholders have approved a final dividend of Sh11.50 per share during the company’s 87th Annual General Meeting (AGM) held in Nairobi.
The insurer says the move brings the total dividend for the financial year to Sh13.50 per share, translating to a historic payout of Sh978 million the highest in the Group’s history.
Its Chairman, Zul Abdul highlighted the payout as a reflection of the company’s strong financial position and commitment to inclusive, long-term growth.
“We are pleased to reward our shareholders through this year’s dividend payout. It reflects not just our past performance but our confidence in the future,” he said.
The move comes on the back of the insurer’s positive financial performance for the year ending April 2025.
The Group posted a Profit Before Tax of Sh6.2 billion, excluding the proceeds from its previous Jubilee Allianz transaction.
Gross Written Premiums surged by 34% to reach Sh53 billion, while Insurance Revenue rose by 14% to Sh25.7 billion.
The Group’s Total Assets stood at Sh213.6 billion.
CEO Julius Kipngetich credited the company’s continued leadership in the medical insurance space across Kenya, Uganda, and Tanzania, noting the untapped potential in the region.
“With insurance penetration still low 2.3% in Kenya, 0.6% in Tanzania, and 0.9% in Uganda we see significant opportunities for growth in health, life, and investment services
As part of its forward-looking strategy, Jubilee Insurance is intensifying its investment in preventive healthcare initiatives, particularly targeting non-communicable diseases like diabetes and hypertension.
The Group says it is also embracing digital transformation to boost accessibility and efficiency.
