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Home»Business»Jubilee Health Insurance Doubles Profit in 2024
Business

Jubilee Health Insurance Doubles Profit in 2024

By HarryApril 11, 2025No Comments1 Min Read
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Jubilee Health Insurance (JHIL), a subsidiary of listed financial services company Jubilee Holdings, doubled its net profit to KSh 910 million in 2024, up from KSh 438 million in 2023.

The company also grew its pre-tax profit by 142% to KSh 1.22 billion, powered by digital transformation and customer-first strategies.It attributes its success to operational efficiency, customer-focused programs, and bold investments in digital health platforms.The company’s total equity has risen to KSh 5.1 billion.

“This performance is a reflection of our purpose-driven culture and our promise to walk with every Kenyan on their healthcare journey. We continue to invest in digital platforms and customer-focused programs like Always With You, ensuring we serve not only more people—but serve them better.”

Njeri Jomo, CEO and Principal Officer of Jubilee Health Insurance.

Jubilee Health Insurance – 2024 Key Financial Metrics

Pre-Tax ProfitKSh 1.22BnNet ProfitKSh 910MnTotal Comprehensive IncomeKSh 975MnGross Written PremiumsKSh 13.94BnInsurance RevenueKSh 13.48BnInsurance Service ResultKSh 546MnReturn on Equity (ROE)19.45%EquityKSh 5.14BnRetained EarningsKSh 2.43BnCurrent Ratio174%
Metric 2024
Summary of FY24 Results

Published Date: 2025-04-11 12:38:55
Author: Harry
Source: News Central
Harry

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Crystalgate Group is digital transformation consultancy and software development company that provides cutting edge engineering solutions, helping companies and enterprise clients untangle complex issues that always emerge during their digital evolution journey. Contact us on https://crystalgate.co.ke/
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