Jubilee Life Insurance Company, the largest insurance company from the private sector, announced an impressive result for the financial quarter ending on March 31, 2014. The results were declared by the Board of Directors who met under the chairmanship of Kamal A Chinoy to review the performance of the company.
According to a press release issued by Jubilee Life Insurance Company here on Tuesday, the company reported a pre-tax profit of Rs 295 million for the first quarter of 2014, up 45 percent 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 at Rs 2.80. Jubilee Life has further strengthened its position by registering 34 percent increase in net premium income over the same period of last year.
Javed Ahmed, Managing Director and CEO Jubilee Life, commented, “Our results reflect our strategy of robust business growth, together with sustainable profitability.”
