KARACHI: Jubilee Life Insurance Company Limited reported a pretax profit of Rs1,289 million for the first half of 2016, which is 19 percent higher than the pretax profit of Rs1,086 million in the corresponding period of the last year, a statement said.
The profit-after-tax aggregating to Rs808 million recorded an increase of 20 percent as against Rs674 million in the corresponding period of the last year. The earnings per share (EPS) increased to Rs11.21/share.
These results have reaffirmed Jubilee Life’s position as the industry’s largest private sector insurer. The financial results were announced for the first half of 2016, declaring an interim cash dividend of 30 percent (Rs3/share) in the board of directors meeting under the chairmanship of Kamal A Chinoy to review the half yearly performance of the company.
Speaking about the financial results, Javed Ahmed, Managing Director & CEO of Jubilee Life, said: “Our results are a clear indication that while providing best possible services to our customers, we are also equally enthusiastic about increasing shareholders’ value.”
