Jubilee Holdings Limited

Jubilee Holdings Limited is a financial services holding company with headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania and Burundi.[1] Its activities are mainly in the insurance sector.[2]

Jubilee Holdings Limited is a large financial services conglomerate in East Africa. As of December 2024, the company controlled assets valued at over US$1,643 million (KES 214 billion), with shareholders' equity of approximately US$393 million (KES 51 billion).[3] representing the largest for an insurance group in the East African Community.

Jubilee Holdings Limited

The following is a list of subsidiaries (50+% shareholding) and associated companies (less than 50% shareholding) of Jubilee Holdings Limited, who together form the Jubilee Group.[4]

Subsidiaries

Jubilee Life Insurance Company of Kenya Limited – 100% shareholding – Kenya –

Jubilee Health Insurance Company of Kenya Limited – 100% shareholding – Kenya

Jubilee Health Insurance Company of Uganda Limited - 65% shareholding - Uganda

Jubilee Life Insurance Company of Uganda Limited - 65% shareholding - Uganda

Jubilee Health Insurance Company of Tanzania Limited - 51% shareholding - Tanzania

Jubilee Life Insurance Corporation of Tanzania Limited - 51% shareholding - Tanzania

Jubilee Insurance Company of Burundi S.A. - 70% shareholding - Burundi - A general and long term insurance provider in Burundi. 20% of this venture is held by the group's sister company, the Diamond Trust Bank Group. The two have AKFED as a common shareholder

Jubilee Asset Management Limited - 100% - Kenya - A fund management company in Kenya.

Jubilee Investments Company Limited - 100% shareholding - Uganda - An investments holding company.

Jubilee Investments Tanzania Limited - 100% shareholding - Tanzania - An investments holding company.

Jubilee Investments Burundi Limited - 100% shareholding - Burundi - An investments holding company.

Jubilee Center Burundi - 80% shareholding - Burundi - A property investment company.

Associated companies

PDM (Holdings) Limited - 37.1% - Kenya - An investment vehicle through which the group has invested in the equity of Property Development and Management (K) Limited which conducts property investment, development and management.

IPS Cable Systems Limited - 33.3% - Mauritius - An investment vehicle through which the group has invested in the equity of the 15,000 km Seacom submarine fiber optic cable.

FCL Holdings Limited - 30.0% - Kenya - An investment vehicle through which the group has invested in the equity of Farmers Choice Limited with its main objective being sale of fresh and processed meat products.

IPS Power Investment Limited - 27.0% - Kenya - An investment vehicle through which the group has invested in the equity of Tsavo Power Company Limited that generates electricity for sale.

Bujagali Holding Power Company Limited - 25.0% shareholding - Uganda - An investment vehicle through which the group has invested in the equity of Bujagali Energy Limited an electricity generating company in Uganda.

type	Public company
traded as	kn: JUB
founded	1937
key people	Zul Abdul (Group Chairman) Julius Kipng’etich (Group CEO) Juan Cazcarra (Deputy Group CEO)
industry	Insurance and finance
products	Insurance, Investments, Real estate, Asset management services
revenue	USD 408 million / KES 53 billion (2024)
assets	US$1,643 million (KES:214 billion) (2024)
num employees	993
num employees year	2024
location city	Nairobi
location country	Kenya
homepage	https://www.jubileeinsurance.com/

Jubilee Holdings Limited