Jubilee Holdings Limited has announced its highest-ever shareholder payout, with a final dividend of KES 11.50 per share—bringing the total dividend for the year to a record KES13.50. 

The payout, totaling KES978 million, marks a historic milestone for the regional insurance and investment powerhouse. Addressing shareholders at the firm’s 87th Annual General Meeting in Nairobi, Group Chairman Mr. Zul Abdul credited the stellar performance to the company’s focus on long-term stability and inclusive 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,” Mr. Abdul affirmed.

The record dividend follows Jubilee Insurance’s robust financial results announced in April, with Profit Before Tax reaching KES 6.2 billion—the highest in the Group’s history, excluding proceeds from the Jubilee Allianz transaction. 

Gross Written Premiums soared by 34 percent to KES53 billion, while Insurance Revenue rose by 14 percent to KES25.7 billion. The Group’s total assets closed at KES213.6 billion, underscoring its sound financial position and strategic resilience.

Beyond the numbers, Mr. Abudul said that Jubilee’s focus remains firmly on supporting families and businesses through accessible, meaningful financial services and contributing to the quality of life across East Africa.

Group CEO Dr. Julius Kipngetich noted that Jubilee Insurance retained its leadership position in medical insurance across Kenya, Uganda, and Tanzania. With regional insurance penetration still low 2.3 percent in Kenya, 0.6 percent in Tanzania, and 0.9 percent in Uganda, he said that the business saw strong potential for growth in health, life, and investment services.

Looking ahead, Jubilee Insurance is sharpening its focus across several strategic areas. In Kenya, the Group is strengthening preventive healthcare programs to address the rising burden of non-communicable diseases such as diabetes and hypertension.

Deputy Group CEO Mr. Juan Cazcarra said that regionally, Jubilee made a strategic decision to increase investments in digital health solutions, artificial intelligence applications for increased operational efficiency and at same time widen insurance access through mobile servicing and customer portals, including WhatsApp platforms now active in Kenya and Uganda and Tanzania.

During the AGM, Group Chairman Mr. Zul Abdul announced the recent appointment of four new board members including Ms. Rosemin Bhanji, Mr. Amyn Lalji, Mr. Sagheer Mufti, and Ms. Gladys Karuri. He noted that the new directors bring valuable expertise in actuarial science, health policy, and regional finance, further strengthening the Board’s ability to guide the business. 

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