Jubilee profit up 146 per cent on unit’s sale

Jubilee Holdings Chairman Nizar Juma. [File, Standard]

Jubilee Insurance has reported a 146 per cent profit increase for the first half of the year, helped by part payment on the sale of its general insurance business. 

The firm made Sh4.5 billion in the period to June 2021 compared to Sh1.8 billion that the listed insurer made in the first six months of last year.