Net Earned Premium up 16.94% to 5.233B from 4.475B
Claims bite by increasing a whopping 42.92% to 5.831B from 4,080.
Fair value gains on equity investments impressed by increasing 340.88% to 1.289B from 0.292B
Investment Income did well by increasing 16.26% to 1.676B from 1.442B
PBT up 23.49% to 1.146B from 0.928B
PAT up 19.29% to 0.882B from 0.739B
Interim Dividend unchanged at KES 1 per share (Books Closure 13th September and Payment on 7th October)
MO:
>> As always, insurance business has not been the darling of Jubilee and claims has bite them hard this time round.
>>However, Jubilee knows how to make good money from the insurance float and managed to impress on the investment front.