Jubilee Health Insurance Limited (JHIL), a subsidiary of
Jubilee Holdings, has announced stellar financial results for the year that ended December 31, 2024.
JHIL reported a profit before tax of Sh1.22 billion, a 142
per cent increase from Sh506 million in 2023.
Net profit rose to Sh910 million, more than double the Sh438
million recorded the previous year.
CEO and Principal Officer of Jubilee Health Insurance Njeri Jomo said this growth reflects Jubilee Health’s disciplined execution,
continued investment in digital health solutions, and a relentless drive for
operational efficiency and impact.
“This performance is a reflection of our purpose-driven culture and our promise to walk with every Kenyan on their healthcare journey,” said Njeri.
“We continue to
invest in innovative digital platforms, strong provider partnerships, and
customer-centered programs like ‘Always With You’, ensuring we serve not only
more people—but serve them better.”
In 2024, the company significantly strengthened its
operational backbone by embracing AI-powered claims adjudication, enhancing
digital self-service tools, and deepening real-time integrations with
healthcare providers—enabling faster, more transparent service delivery for
both customers and medical partners.
The company’s total equity rose to Sh5.1 billion, signaling
sustained value creation for shareholders, customers, and service providers.
Its 2024 financial statements, audited by KPMG Kenya,
received an unqualified opinion, affirming full compliance with IFRS 17
standards and continued transparency in financial reporting.
“These results reflect our commitment to financial
discipline. We enhanced liquidity, optimized expense ratios, and drove
profitability—leading to strong growth in retained earnings. We are firmly
positioned to deliver continued sustainable value for our stakeholders,” said
Eugine Mutekhele, CFO, Jubilee Health Insurance.
