Profit up by 10% for Jubilee in 2013

Jubilee Insurance has achieved a net profit of 28.5 million USD in 2013, an increase of 10% compared to 2012.

Kenya's top insurer in terms of premiums has displayed earned premiums in rise of 17% to 206.23 million USD in the previous year. Claims have represented about 97.5 million USD (+28%).

Nizar Juma, Chairman of the Board of Directors considers the results of the fiscal year 2013 satisfactory but felt that the benefit of the group suffered from the election unrest and terrorist attacks of September 21.