Insurance stocks rarely make headlines. But sometimes the quietest companies deliver the strongest returns. The company has consistently raised dividend payouts, culminating in its highest dividend in history. Jubilee Holdings, listed on the Nairobi Securities Exchange, may be one of those businesses. Earnings: A Record Year Jubilee recently delivered the best financial performance in its history. For the 2024 financial year, the insurer reported: Profit Before Tax: KSh 6.2 billion Gross Written Premiums: KSh 53 billion (up 34%) Total Assets: KSh 213.6 billion Profit after tax growth: roughly 82% year-on-year This marked the first time the company crossed KSh 6 billion in profit, highlighting strong growth across its insurance operations in Kenya, Uganda, Tanzania, Burundi, and Mauritius. The momentum continued into 2025, with half-year net profit rising 22% to KSh 3.1 billion, driven by higher insurance revenue and better claims management. For an insurer in a region where insurance penetration remains extremely low, this growth is important. Kenya’s penetration is just about 2.3%, meaning the long-term market opportunity remains enormous..