Jubilee holdings is becoming more of an investment company than insurance.
In their HY results of 2019,they had invested sh.60bn in government securities

With all the paid premiums that remain unclaimed, what options do they have really. A solid company

Jubilee holdings has entered into a set of binding transactions with Allianz Africa Holdings which will result in Allianz acquiring majority equity stakes ranging from 51% to 66% in Jubilee holdings short-term general insurance business in each of Kenya, Uganda, Tanzania, Burundi and Mauritius for a consideration of ksh.7.75bn

Jubilee plans to reinvest the cash generated from the deal in its portfolio of privately held companies.
Mr Juma said other decisions such as including whether or not the company will pay a special dividend will be made at a later date.

https://www.businessdail...-german-company-2452686