Nairobi, Aug. 28 -- Jubilee Holdings #ticker:JUB half-year net profit unchanged at Sh1.8 billion, defying a trend where insurers have posted losses or drop in profits in the wake of Covid-19.
The regional underwriter said the stable performance was due to improved insurance underwriting results from all of its operations across the region as well as returns from its investment income.
Investors will pocket Sh72.47 million after the firm declared a Sh1 per share interim dividend at a time most companies have frozen the payouts to preserve cash.
Most insurers have been hit by reduced returns from real estate and falling share values at the Nairobi Securities Exchange (NSE)-where they have invested billions with an eye on capital gains and ...