Jubilee Life Insurance Company marked double-digit increase amounts for FY 2017, with incomes through each share enhanced by over 20%. Jubilee Life Insurance reported a profit of Rs. 2.57 billion in 2017 while distinguished to Rs. 2.108 billion through the fiscal year 2016, recording an improvement of 22%. The insurance company declared useful financial results for the year closing December 31, 2017, prescribing a final cash dividend of 145% (Rs. 14.50 per share). It is over and above a short-term cash return of 30% stated before, delivering the cumulative payout concerning the year over 175% (Rs. 17.50 per share).
22% Progress in Profits 2017, Jubilee Life Insurance
The earnings per share (EPS) improved as of Rs. 26.57 in 2016 on the way to Rs. 32.39 in 2017, a 22% of the upsurge. The results were stated by the Board of Directors, who encountered under the chairmanship of Mr. Kamal A. Chinoy to review the annual performance of the Company. 2017 was one greater year for Jubilee Life, renowned by third parties thru awards and accolades throughout the year; together with the choice for the prestigious PSX Top 25 Companies Award for 2016 and the 5th FPCCI Achievement Award for 2016. Talking about the economic consequences, Mr. Javed Ahmed, the Managing Director and CEO of Jubilee Life told,
Our outcomes are a reflection of our vow to brilliance – we have faith in being second to nobody. With our tracks spread all thru Pakistan, we remain the insurer of choice for countless families and households from corner to corner the country, and our accomplishments, counting some of the most prestigious awards of the corporate sector, mark us the frontrunner in the ground of life insurance in Pakistan.
He continued that Jubilee Life Insurance will proceed to support a plan of high business growth by sustainable profitability. Jubilee Insurance is a universal brand that the Aga Khan Fund to Economic Development (AKFED) which allows insurance enzymes (life, health, plus general) into Asian as well as East African markets. Jubilee Life in Pakistan imparts a variety of life and health insurance policies, providing to different customer shares and requirements. These involve separation, saving & protection, marriage, child education, Jubilee life insurance plans for women, wealth accumulation, rural insurance plans and life and health insurance clarifications for the concise privileged of our country.