Jubilee General Insurance Delivers Strong Half-Year Performance
Jubilee General Insurance Company Limited has reported a solid financial performance for the six months ended June 30, 2026, with profit after tax rising to Rs2.63 billion, compared with Rs2.39 billion in the same period last year.
According to the company’s unaudited half-yearly report, the insurer continued to focus on operational efficiency, customer relationships and disciplined resource allocation despite challenging market conditions.
The company’s Gross Written Premium/Contribution (GWPC) increased by 14% to Rs16.34 billion, compared with Rs14.40 billion a year earlier. Net Premium/Contribution also posted a strong 20% increase to Rs6.67 billion, up from Rs5.57 billion in the corresponding period of 2025.
Jubilee General’s underwriting business remained profitable, with underwriting profit reaching Rs556 million on a consolidated basis. In its conventional insurance business, Gross Written Premium increased by 10% to Rs13.59 billion, while Net Premium rose 19% to Rs4.93 billion.
Investment income also provided important support to the company’s earnings. Total investment income, including Window Takaful Operations, increased 5% year-on-year to Rs3.96 billion, according to the directors’ review.
Conventional Insurance Business Strengthens
The conventional insurance segment delivered notable improvements during the period. Underwriting profit increased to Rs434 million, compared with Rs331 million in the first half of 2025.
Profit before tax from the conventional business rose 8% to Rs4.26 billion, while profit after tax increased 10% to Rs2.63 billion from Rs2.39 billion. Earnings per share consequently improved to Rs13.27, compared with Rs12.06 a year earlier. These figures are reflected in the company’s condensed interim profit and loss statement.
Takaful Operations Continue to Expand
Jubilee General’s Window Takaful Operations also recorded significant growth. Gross Written Contribution increased 33% to Rs2.75 billion, compared with Rs2.06 billion in the same period of 2025, while Net Contributions climbed 23% to Rs1.74 billion from Rs1.42 billion.
The report, however, noted that the Participants’ Takaful Fund recorded a deficit of Rs30 million, compared with a surplus of Rs200 million a year earlier. At the operator level, profit after tax stood at Rs190 million, slightly higher than Rs180 million in the corresponding period.
Cautious Optimism for the Second Half
Jubilee General said it remains cautiously optimistic about its prospects, while acknowledging that economic and industry-specific challenges could continue to create uncertainty. Management intends to pursue growth opportunities, strengthen operational capabilities and enhance stakeholder value.
The company also said it would continue monitoring market developments closely and take appropriate measures to protect and enhance shareholder value.
Overall, Jubilee General’s first-half results point to resilient business performance, supported by premium growth, stronger investment income and improved profitability in its conventional insurance operations. With management maintaining its focus on sustainable growth and operational excellence, the company enters the second half of 2026 from a position of relative strength.
