(Last Updated On: September 12, 2015)
Insurance company Jubilee Insurance posted a 16% rise in pretax profit for the first 6 months of 2015. Pretax profit stood at Ksh1.78 billion as compared to Ksh1.54 billion the previous year. Net profit grew by 24%.
It has operations outside Kenya and these are in Uganda, Tanzania, Rwanda, Burundi and Mauritius. Gross written premiums rose by only 8% to Ksh16.4 billion. Life insurance premiums grew by 29.4% while medical insurance premiums grew by 12.9%. Investment income had a big jump of 41.7% to stand at Ksh2.6 billion.
An interim dividend of Ksh1 per share was declared.