Jubilee maintains dividend as half-year net profit jumps to Sh3.4bn
Nairobi, Aug. 28 -- Jubilee Holdings Limited has maintained an interim dividend of Sh2 per share after its net profit for the half-year ended June 2026 rose by 12.7 percent to Sh3.45 billion, helped by a strong performance of the life insurance business.
The rise in half-year net profit from Sh3.06 billion was helped by a 45.8 percent rise in net insurance finance result to Sh2.33 billion from Sh1.6 billion.
Net insurance finance result refers to the financial gain or loss an insurer makes from interest rates, market changes, and the changing value of money over time after factoring in future claim payouts.
The rise in net insurance finance result was despite the insurance service result declining by 59.6 percent to Sh445.27 million fr...
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