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.
