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. PR
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