Jubilee Holdings: net profit increase in 2021

Jubilee Holdings closed the year 2021 with a 67% increase in net profit. The latter went from 4.087 billion KES (37.19 million USD) as at 31 December 2020 to 6.828 billion KES (59.92 million USD) one year later. This performance is driven by the growth in profits of all the group's subsidiaries, notably in Uganda and Burundi.

The improved result is also linked to the finalization of the transfer of Jubilee's non-life activities in Kenya and Uganda to Allianz.

The Kenyan insurer has proposed the distribution of a total dividend of 1.015 billion KES (8.74 million USD) for the year 2021 against 652 million KES (5.9 million USD) in 2020.