Updated 2 November 2026
Jubilee vs CIC shares: Jubilee Holdings is the higher-yielding, more profitable insurer on current numbers, while CIC Group is the cheaper share per unit but with falling profit. At the 30 October 2026 close, Jubilee (KSh 396.75) yields about 3.8% on KSh 15.00 of dividends paid in the last 12 months and trades at under 5 times earnings. CIC (KSh 4.73) yields about 2.7% on its KSh 0.13 dividend and trades at about 13 times earnings after net income fell 61%. Here is the side-by-side view.
Updated 2 November 2026. Dividends, prices, market value and trailing results are S&P Global Market Intelligence data via StockAnalysis, read 2 November 2026 (close of 30 October 2026). Not investment advice.
Jubilee vs CIC shares: comparison table
| Measure | Jubilee Holdings (JUB) | CIC Insurance Group (CIC) |
|---|---|---|
| Share price, close 30 Oct 2026 | KSh 396.75 | KSh 4.73 |
| 52-week range | KSh 300.25 – 437.75 | KSh 4.00 – 6.62 |
| Market value | About KSh 28.8 billion | About KSh 13.6 billion |
| Shares in issue | About 72.5 million | About 2.88 billion |
| Revenue, trailing 12 months | KSh 33.1bn (+0.2%) | KSh 36.5bn (+20.1%) |
| Net income, trailing 12 months | KSh 6.17bn (+21.7%) | KSh 1.04bn (-61.3%) |
| Earnings per share | KSh 85.13 | KSh 0.37 |
| Price-to-earnings ratio | About 4.7 | About 12.7 |
| Dividends paid in last 12 months | KSh 15.00 (13.00 final + 2.00 interim) | KSh 0.13 (single final) |
| Dividend yield at 30 Oct price | About 3.8% | About 2.7% |
| Payment months | Final ~July, interim ~October | One final, ~June |
| Cost of 1,000 shares | About KSh 396,750 | About KSh 4,730 |
Revenue for insurers in this data is total income, mostly insurance revenue. CIC brings in more revenue than Jubilee, but Jubilee earns about six times more profit.
Dividend history compared
| Year paid | Jubilee total per share | CIC total per share |
|---|---|---|
| 2023 | KSh 13.00 | KSh 0.11818 |
| 2024 | KSh 14.30 | KSh 0.11818 |
| 2025 | KSh 13.50 | KSh 0.13 |
| 2026 | KSh 15.00 | KSh 0.13 |
Jubilee has paid two dividends a year: a large final around July and a KSh 2 interim in October. CIC pays one small final a year. Payment-by-payment details are in the Jubilee Holdings dividend history and CIC Insurance dividend history.
What KSh 100,000 earns
| KSh 100,000 at 30 Oct prices | Shares (approx.) | Gross yearly dividend | After 5% withholding tax |
|---|---|---|---|
| Jubilee Holdings | 252 | KSh 3,780 | KSh 3,591 |
| CIC Insurance | 21,141 | KSh 2,748 | KSh 2,611 |
Our calculation from the last 12 months’ dividends; brokerage fees not included.
What explains the gap?
Jubilee sold majority stakes in its general insurance businesses to Allianz in earlier years and now focuses on life, health and asset management, alongside its stakes in other businesses. Its trailing net income grew about 22% while revenue was flat. A P/E below 5 suggests the market values it well below its reported earnings.
CIC grew revenue about 20% but net income fell about 61% over the last 12 months, which pushes its P/E up despite the low share price. Its low price per share makes it easy to buy in small amounts, but a low share price is not the same as a cheap company.
Both insurers publish full-year results around March or April and half-year results in late August or September; S&P lists their next earnings around 27 November 2026. Check the results before each dividend season.
Who might prefer which?
- Higher yield and earnings cover: Jubilee, on current data.
- Small, regular purchases: CIC’s KSh 4.73 price lets you buy hundreds of shares with a few thousand shillings.
- Two payments a year: Jubilee.
- Recovery bet: CIC, if you expect profit to rebound; that is a view, not something the data shows.
Prefer insurers’ money market funds to their shares? Compare the Jubilee Money Market Fund and the CIC Money Market Fund. To buy shares, follow how to buy shares on the NSE.
How to qualify for Jubilee or CIC dividends
- Hold the shares in your own CDS account through a CMA-licensed stockbroker before the ex-dividend date. If you buy on or after that date, the seller keeps the dividend.
- Watch the results announcements. The final dividend for both insurers is proposed with the full-year results, usually in March or April, and approved at the AGM. Jubilee’s interim comes with its half-year results.
- Keep your payment details current with the share registrar or your broker, so the money reaches your bank account or M-Pesa.
- Check for old payments. Dividends that were never collected are eventually passed to the Unclaimed Financial Assets Authority; see how to check and claim unclaimed dividends.
Upcoming book closure dates for both companies, once announced, appear in our NSE dividend calendar. Before comparing Jubilee vs CIC shares on yield alone, remember that a yield is worked out on past dividends and today’s price, and either can change.
Frequently asked questions
Which is better, Jubilee or CIC shares?
On data to 30 October 2026, Jubilee has the higher yield (about 3.8% against 2.7%), much higher profit and a lower P/E. CIC is cheaper per share and growing revenue faster, but its profit fell about 61%.
How much dividend does Jubilee pay?
KSh 15.00 per share in the last 12 months: a KSh 13.00 final paid on 24 July 2026 and a KSh 2.00 interim paid on 8 October 2026.
How much dividend does CIC pay?
KSh 0.13 per share, paid on 9 June 2026 to shareholders on the register on 23 April 2026.
Is the dividend taxed?
Yes. Resident individual shareholders have 5% withholding tax deducted before payment.
Sources: S&P Global Market Intelligence via StockAnalysis (JUB) and (CIC), read 2 November 2026; company dividend announcements; Nairobi Securities Exchange. Not investment advice.
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