EFU Life Insurance Ltd. announced Financial Results for the ended June 30, 2017.
The company’s Revenue for the period increased by 11% percent in the outgoing year, whereas the Profit after Taxation for the Period increased 12% by percent.
The board has recommended 2nd interim Cash Dividend for the year 2017 at the rate of 12.5% i.e. Rs 1.25/- per share. This is in addition to the 1st interim cash dividend already declared and paid at the rate of 12.5% i.e. 1.25/- per share.
Comparison of Key Financials:
Unconsolidated Profit and Loss Account – For the Six Months Ended
Key Financials
Jan – June, 2017
Jan – Jun, 2016
% Change
Revenue
18,067,145
16,310,633
11%
Premium net of reinsurance
14,606,566
11,380,597
28%
Investment Income and other income
3,460,579
4,930,036
-30%
Expenses
16,903,013
15,277,182
11%
Claims including movement in policy holders liability
13,775,940
12,707,930
8%
Management Expenses
3,127,073
2,569,252
22%
Surplus available in Revenue Account
1,164,132
1,033,451
13%
Surplus transferred to P&L Account
1,113,757
961,405
16%
P&L Account before appropriation of surplus to Shareholders' Fund
