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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.

- Reuters


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