Jubilee Health doubles profit to Sh910 million on bigger business

Jubilee Health Insurance CEO and principal officer Njeri Jomo addressing participants at the Jubilee Insurance Centre Auditorium in Nairobi on May 28, 2024.

Photo credit: File | Nation Media Group

Jubilee Health Insurance Limited has more than doubled its profit for the year ended December 2024 to Sh910.4 million, up from Sh438.5 million previously on higher premiums.

The underwriter realised a Sh546.7 million insurance service result from a loss of Sh36.5 million last year, as insurance service revenues rose 32 percent to Sh13.4 billion from Sh10.1 billion, previously.

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Note: The results are not exact but very close to the actual.