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Jubilee Life Insurance posts Sh2.1b net profit

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Jubilee Life Insurance Super-Agent Jayshree Haria celebrates her fifth consecutive 100% persistence win alongside CEO Asman Mugambi at the 2024 AKI Awards, where Jubilee Life Insurance also won three corporate awards. (Courtesy)

Insurance service provider Jubilee Life Insurance has reported Sh2.1 billion in profit after tax for the year ended December 2024 on the back of high investment income from government securities and equity investments.

The firm's net investment income hit Sh17 billion over the same period of time, up from Sh9.1 billion reported in 2023, with management upbeat over the insurer's investment approach for delivering competitive returns.

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