Jubilee Life Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the period increased 2.18 by percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 28.47 percent.
The board has recommended an interim Cash Dividend for the year 2017 at the rate of 30% i.e. Rs 3.00/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Six Months Ended
Key Financials
Jan – June, 2017
Jan – Jun, 2016
% Change
Rupees Million
Revenue
22,859.58
22,371.93
2.18%
Premium/Contribution revenues net of reinsurance/retakaful
20,621.14
16,962.86
21.57%
Investment Income and Other income
2,238.44
5,408.07
-58.61%
Expenses
21,129.80
16,694.98
26.56%
Claims net of insurance etc
15,909.56
4,134.02
284.84%
Management Expenses
5,220.24
4,134.02
26.28%
Surplus before tax in Revenue Account
1,729.78
1,542.93
12.11%
Surplus transferred to profit and loss account
1,005.00
1,200.00
-16.25%
Profit before tax as per profit & loss account
1,658.35
1,288.61
28.69%
Income Tax
619.78
480.15
29.08%
Profit after tax as per profit & loss account
1,038.58
808.45
28.47%
EPS – Basic & Diluted
13.09
10.19
28.46%
Company release on Earnings Report can be accessed here.
