Insurance group Jubilee Holdings’ #ticker:JUB net profit for six months ending June 30 rose 18.99 per cent largely helped by improved performance of the Nairobi bourse that helped to dampen a sharp jump in claims payments.
The listed firm’s net earnings in the period climbed to Sh1.88 billion from Sh1.58 billion as gains from investments at the Nairobi Securities Exchange, largely comprising government securities, increased four-and-a-half times.
