Jubilee Holdings Chairman Nizar Juma. [File, Standard]Covid 19 Time SeriesJubilee Holdings’ net profit remained flat at Sh1.8 billion for the first six months of 2020 compared to same period last year amid devastating effects of coronavirus pandemic. The insurer saw its net premium revenue rise slightly from Sh9.56 billion to Sh10.14 billion as at the end of June 2020. It however experienced increased surrenders and withdrawals within the life insurance operations. Jubilee Holdings Regional Chief Executive Julius Kipng’etich said they had put in place the necessary “work from home” measures to ensure all business processes continued without interruptions.

Source: Standard Digital August 28, 2020 00:56 UTC