Earnings Report: Jubilee Life Insurance Co. Ltd. (PSX: JLICL) today reported Financial Results for the Three and Six months ended June 30, 2017

MG News | August 24, 2017 at 04:03 PM GMT+05:00

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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.

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