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Jubilee profits up

30th March, 2012

Jubilee holdings has reported 2.14 billion shilling in pre-tax profit for the year 2011.the insurer posted a 39 percent increase in gross premium from last years figures effectively crossing the 15 billion mark. Life insurance business recorded a 35% growth, while short term business increased by 43%. Directors at jubilee have recommended a total dividend of 110% which equates to five shillings and 50cents per share.