Jubilee Life Insurance
Company, the largest insurance company from the private sector, announced an
impressive batch of results for the financial quarter ending on 31 March 2014.
The results were declared by the Board of Directors who met under the chairmanship
of Mr. Kamal A. Chinoy to review the performance of the company.
The
company reported a pre-tax profit of Rs295 million for the first quarter of
2014, up 45% from Rs 204 million for the same quarter in the preceding year.
With after-tax profit of Rs 202 million, the earnings per share (EPS) stood
atRs2.80.
Jubilee
Life has further strengthened its position by registering 34% increase in net
premium income over the same period of last year.
Mr.
Javed Ahmed, Managing Director & CEO Jubilee Life, commented, “Our results
reflect our strategy of robust business growth, together with sustainable
profitability.” He also added that Jubilee Life has a strong focus on customer
servicewhich is the lifeblood of our business.
Jubilee
Insurance is a global brand of Aga Khan Fund for Economic Development (AKFED)
that offers diverse insurance solutions (life, health and general) in the Asian
and East African markets. Jubilee Life in Pakistan offers uniquely designed
range of life and health insurance plans, catering to various customer segments
and needs. These include retirement, child education, marriage, saving &
protection, wealth accumulation, life insurance plans for women, rural
insurance plans and life and health insurance solutions for the less privileged
of our country.
