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Jubilee Life profit surges to Sh2 billion on investment income

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 Jubilee Life Insurance Limited Chief Executive Officer Asman Mugambi Ibrahim poses for a picture during a past interview.

Photo credit: File | Nation Media Group

By  James Anyanzwa

Business Reporter

Nation Media Group

Jubilee Life Insurance saw its net profit rise 107 times in the year to December 2024, driven by a surge in investment income.

The company, a fully owned subsidiary of Jubilee Holdings, made a net income of Sh2.07 billion in the review period compared to Sh19.4 million a year earlier.

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