Jubilee Holdings Limited Announces Consolidated Earnings Results for the Year 2016
Jubilee Holdings Limited announced consolidated earnings results for the year 2016. For the period, the company reported gross earned premiums of KES 26,907,645,000 compared to KES 23,029,932,000 a year ago. Net insurance premium revenue was KES 17,581,229,000 compared to KES 14,876,157,000 a year ago. Total income was KES 24,703,862,000 compared to KES 21,697,914,000 a year ago. Result of operating activities was KES 3,131,953,000 compared to KES 3,127,988,000 a year ago. Group profit before tax was KES 4,562,705,000 compared to KES 4,145,139,000 a year ago. Net profit was KES 3,675,947,000 compared to KES 3,121,093,000 a year ago. Earnings per share were KES 50 compared to KES 42.7 a year ago. Cash flows generated from operating activities was KES 1,674,592,000 compared to KES 2,694,683,000 a year ago.