Jubilee Holdings Limited has released its audited financial results for the year ended 31^st December 2011. Shareholders will be happy to hear that the company posted growth on almost all fronts with net insurance premium and revenue increasing from Kshs. 5,360,136,000 in the previous period to Kshs. 7,341,996,000 representing  growth of 37%.  The company’s property and equipment increased from Kshs. 61,168,000 to Kshs. 91,921,000 in the year ended December 2011 and retained earnings increased 32.3% from Kshs. 4,431,484,000 to Kshs. 5,861,504,000. In the end, Jubilee’s net profits increased from Kshs. 1,839,124,000 to Kshs. 1,910,390,000, a 3.875% increase in net profits over the year.

Net insurance benefits and claims the company paid out increased 9% from Kshs. 5,618,716,000 paid out in 2010 to Kshs. to 6,114,019,000 paid in 2011. The company’s insurance contract liabilities increased as well from Kshs. 7,763,925,000 to Kshs. 10,493,015,000 in the year.

Jubilee has been awarded the Best Claims Settlement Award at the Bima Awards 2012 for promptly paying out Sh1.3 billion to its 4,195 general insurance clients last year.