From left: Jubilee Holdings Limited Deputy Group CEO Juan Cazcarra, Director John Metcalf, Chairman Zul Abdul, and Group CEO Julius Kipngetich during the release of the company’s 2025 full-year financial results at their offices in Upper Hill, Nairobi, on April 9, 2026.
Jubilee Holdings Limited (JHL) has raised its dividend per share for the year ended December 2025 by 11.1 percent to Sh15 on the back of a 17.6 percent growth in net profit to Sh5.6 billion.
The dividend distribution to shareholders will total Sh1.09 billion, up from Sh978.38 million paid last year when the company declared a Sh13.50 per share dividend on a net profit of Sh4.72 billion.
The latest payout comprises an interim dividend of Sh2 per share, paid in October last year, and a proposed final dividend of Sh13 per share. The final distribution is expected on or about July 24, 2026, following the annual general meeting, bringing the total dividend for the year to Sh15 per share.
Jubilee chairman Zul Abdul said the growth in the 2025 net profit was driven by sustained revenue growth, improved operational efficiency, and disciplined strategic focus on innovation, operational excellence, and long-term value creation.
“JHL has delivered another year of strong profitability despite a challenging operating environment, reaffirming a track record of consistent growth. Building on this momentum, we remain focused on creating sustainable value and unlocking new opportunities for all our stakeholders,” he said.
During the review period, insurance revenue grew 16.5 percent to Sh29.92 billion from Sh25.67 billion. This lifted the insurance service result— revenue minus expenses from core insurance and reinsurance activities—2.6 times to Sh1.86 billion from Sh699.86 million.
Net financial result, which is the net profit generated from investing premiums, rose to Sh4.51 billion from Sh4.06 billion, further boosting the bottom line.
“Building on our resilience, we remain focused on leveraging opportunities, driving innovation, and creating sustainable value for our customers, shareholders, and partners,” said Julius Kipngétich, group CEO at Jubilee Holdings.
Jubilee Life Insurance Limited, Kenya, one of the subsidiaries of the holdings company, saw its net profit retreat to Sh2.01 billion from Sh2.07 billion.
At the same time, Jubilee Health Insurance Limited, Kenya, which is another subsidiary, saw its net profit fall to Sh424.84 million from Sh910.47 million due to higher claims.
The health insurance subsidiary’s insurance revenue grew 23.8 percent to Sh16.68 billion, but service expenses, which include claims paid, rose 31.1 percent to Sh16.78 billion, resulting in an underwriting loss of Sh220.74 million.
The insurer said the health business experienced elevated claims in Kenya and Uganda. In Kenya, the impacts were concentrated within specific segments of the corporate portfolio, which weighed on the overall loss ratio despite the SME and personal lines segments remaining profitable.
Jubilee’s asset management business continued to grow, with external assets under management growing by 150 percent to Sh22.1 billion.
Jubilee Holdings deputy CEO Juan Cazcarra said the group’s investments in innovation and digitisation initiatives are driving sustainable growth by transforming customer service and claims management.
“We are also establishing a dedicated artificial intelligence team to drive disruption and unlock new opportunities, reinforcing Jubilee’s position at the forefront of innovation and market leadership,” said Mr Cazcarra.
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