Jubilee Health Insurance reports 142% profit surge in 2024, reinforces market leadership & customer-centric innovation #AD

JHIL reported a profit before tax of Ksh.1.22 billion, a 142% increase from Ksh.506 million in 2023. Net profit rose to Ksh.910 million, more than double the Ksh.438 million recorded the previous year.

This growth reflects Jubilee Health’s disciplined execution, continued investment in digital health solutions, and a relentless drive for operational efficiency and impact.

“This performance is a reflection of our purpose-driven culture and our promise to walk with every Kenyan on their healthcare journey,” said Njeri Jomo, CEO and Principal Officer of Jubilee Health Insurance. “We continue to invest in innovative digital platforms, strong provider partnerships, and customer-centered programs like ‘Always With You’, ensuring we serve not only more people—but serve them better.”

Jubilee Health Insurance’s transformative efforts earned it two major industry accolades in 2024 amongst others:

• Health Financier of the Year – Kenya Medical Association (KMA)
• Company of the Year – Women on Boards Network (WOBN)

The Health Financier of the Year award from KMA recognizes JHIL’s role in enabling access to quality healthcare for millions of Kenyans by ensuring timely payments to hospitals and healthcare providers. This strengthens the entire healthcare delivery chain from frontline clinicians to specialized care units.

These awards are a validation of the trust Jubilee Health Insurance has earned across the healthcare ecosystem. As the leading private health insurance payer to most hospitals in Kenya, JHIL plays a critical role in the continuity of care across thousands of healthcare facilities.

The company’s total equity rose to Ksh.5.1 billion, signaling sustained value creation for shareholders, customers, and service providers. Its 2024 financial statements, audited by KPMG Kenya, received an unqualified opinion, affirming full compliance with IFRS 17 standards and continued transparency in financial reporting.