Listed insurance group Jubilee Holdings has declared a 9 shilling per share dividend for the year ended December 2017. The company will be paying a total dividend payout of 652 million shillings. The group's chairman Nizar Juma noted that the results demonstrated the efforts of the company to streamline its business and become more responsive to customer needs. During the year in review, Jubilee holdings embarked on cost reduction measures for medical insurance business by strengthening systems, processes and controls to detect and prevent fraud