Jubilee General Life Insurance profit for 9MFY17 rises 25.6% to Rs. 1608.48 million

  • Jubilee General Life Insurance ltd. revenue for the period decreased by 14.23%, amounting to a total of 28128.83 million Rupees during the nine months ended September, 30th 2017
  • Company’s expenses for the period decreased by 17% to 25326.55 million
  • The Profit after tax for the period increased 25.6% reaching 1608.48 million against last year quarterly profits of Rs. 1280.69 million
  • The company’s basic earnings per share reached rupees 20.28 against 16.14 rupees in 2016
Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Nine Months Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR Million

Revenue

28,128.83

32,794.07

-14.23%

Premium revenues net of reinsurance

(31,656.55)

24,800.58

 

Investment income and other income

3,527.72

7,993.49

-55.87%

Expenses

25,326.55

30,497.83

-16.96%

claims net of reinsurance

17,682.52

24,369.49

-27.44%

Management expenses

7,644.03

6,128.34

24.73%

surplus before tax in Revenue

2,802.28

2,296.24

22.04%

Profit before tax as per P&L account

2,484.67

1,971.61

26.02%

Income Tax

876.19

690.92

26.81%

Profit after tax as per P&L account

1,608.48

1,280.69

25.59%

EPS – basic and diluted

20.28

16.14

25.65%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-27T12:20:00+05:00