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Allianz purchases 66pc stake in Jubilee General Insurance Wednesday May 05 2021 By VICTOR JUMA Summary Allianz has completed the purchase of a 66 per cent stake in Jubilee General Insurance Limited in Kenya from the parent company Jubilee Holdings, which will retain a 34 per cent stake in the business. This is the first of several similar regional transactions. The Nairobi Securities Exchange-listed insurer signed an agreement to sell stakes ranging from 51 per cent to Sh66 per cent in its general insurance subsidiaries in Kenya, Tanzania, Uganda, Burundi and Mauritius for a total of Sh10.8 billion. Allianz has completed the purchase of a 66 per cent stake in Jubilee General Insurance Limited in Kenya from the parent company Jubilee Holdings, which will retain a 34 per cent stake in the business. ....
Jubilee stakes deal with Allianz to close in June businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
Jubilee bucks trend with Sh579 million dividend payment Summary The Nairobi Securities Exchange-listed firm yesterday announced a 1.74 per cent growth in net profit for last year to Sh4.087 billion despite the Covid-19 disruptions that slowed businesses. The regional underwriter’s board has proposed a final dividend payout of Sh8 per share amounting to Sh579.78 million payable by end of July, bringing total payout for the year to Sh652.26 million. The insurer, which had paid a Sh72.47 million interim dividend last year, becomes the first listed underwriter to grow profits and pay a dividend. Friday April 16 2021 By PATRICK ALUSHULA Summary The Nairobi Securities Exchange-listed firm yesterday announced a 1.74 per cent growth in net profit for last year to Sh4.087 billion despite the Covid-19 disruptions that slowed businesses. ....
Jubilee Insurance cuts costs to post Sh4.09 billion profit standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
THE STANDARD BUSINESS Jubilee Holdings Chairman Juma. [File, Standard] 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,” said Jubilee Chairman Nizar Juma following the release of the results yesterday. ....