Jubilee Health Insurance Limited (JHIL), a subsidiary of Jubilee Holdings, has announced stellar financial results for the year ended 31 December 2024, underscoring its resilience, innovation, and unwavering focus on delivering accessible, affordable healthcare in a fast-evolving market.
JHIL reported a profit before tax of KES 1.22 billion, a 142% increase from KES 506 million in 2023. Net profit rose to KES 910 million, more than double the KES 438 million recorded the previous year.
“This performance is a reflection of our purpose-driven culture and our promise to walk with every Kenyan on their healthcare journey,” said Njeri Jomo, CEO and Principal Officer of Jubilee Health Insurance. “We continue to invest in innovative digital platforms, strong provider partnerships, and customer-centered programs like ‘Always With You’, ensuring we serve not only more people—but serve them better.”
In 2024, the company significantly strengthened its operational backbone by embracing AI-powered claims adjudication, enhancing digital self-service tools, and deepening real-time integrations with healthcare providers—enabling faster, more transparent service delivery for both customers and medical partners.
The company’s total equity rose to KES 5.1 billion, signaling sustained value creation for shareholders, customers, and service providers.
“These results reflect our commitment to financial discipline. We enhanced liquidity, optimized expense ratios, and drove profitability—leading to strong growth in retained earnings. We are firmly positioned to deliver continued sustainable value for our stakeholders,” said Eugine Mutekhele, CFO, Jubilee Health Insurance.
Its 2024 financial statements, audited by KPMG Kenya, received an unqualified opinion, affirming full compliance with IFRS 17 standards and continued transparency in financial reporting.