Jubilee Insurance cuts costs to post Sh4.09 billion profit



The Standard | by Wainaina Wambu


Listed Insurer Jubilee Holdings has reported a 1.7 per cent rise in profit for the year ended December 2020, weathering economic shocks caused by the Covid-19 pandemic.

The firm made Sh4.087 billion after-tax during the year, up from Sh4.017 billion in 2019, attributed to strict control of claims and expenses and a diversified investment portfolio.

“The year 2020 evolved into the year of survival and cast a sharp focus on the ability of businesses to withstand the sudden and extreme changes in the business operating environment…

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