Jubilee insurance pretax profit jumps 17 pct in 2013
20 March 2014, 16:12
Nairobi - Jubilee Holdings posted a 17 percent rise in pretax profit for last year to 3.15 billion shillings, it said on Thursday.
Insurance is seen as a growth area in the east African nation, with the latest data showing only about 8 percent of the population has any form of coverage.
The company attributed the jump in earnings to a 16 percent rise in its gross written premiums to 23.42 billion shillings.
Earnings per share rose by 9 percent to 38 shillings, while the total dividend for the year increased by 40 percent to 7 shillings per share.