Regional insurer,
The group through a statement said that the improvement in the performance was greatly influenced by gains from the sale of a majority stake in its former subsidiary,
"Whilst
Meanwhile, total
The growth was attributed to 20percent and a 36percent increase in the Medical business and Annualized Premium Equivalent sales respectively.
"Results were driven by robust operating performance across all business segments with a 17 percent increase in insurance results from Sh1.4 billion in 2020 to Sh1.6 billion in 2021, coupled with a 141percent increase in investment income," the firm's statement read in part.
Between
He said the firm is positioned to execute its strategic focus on the Life and Medical business segments, whilst cooperating with
"Our outstanding financial results in the first half of the year are evidence of the tremendous progress we are making in executing on our growth strategy. We continue to place emphasis on exceptional investment returns, expense discipline, and topline growth to provide value to both our shareholders and customers," said Juma.
The group's regional Chief Executive Officer
"We have also accelerated our digital innovation journey and the quality of our distribution network within key customer touchpoints. We will continue to forge ahead with an even stronger focus on product differentiation. We are well ahead of our plans in developing the capability to become a fully digital company to be able to offer all our customers a seamless end-to-end online product experience," said Kipngetich.
Jubilee Holdings Board has declared an interim dividend of Sh1/= per share which will be payable on or about
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