KARACHI -Jubilee Life Insurance Company reported a pre-tax profit of Rs295 million for the first quarter of 2014, up 45pc 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. The company announced an impressive batch of results for the financial quarter ending on 31 March 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. Jubilee Life has further strengthened its position by registering 34pc increase in net premium income over the same period of last year.
Javed Ahmed, Managing Director & CEO Jubilee Life, commented, “Our results reflect our strategy of robust business growth, together with sustainable profitability.” He also added that Jubilee Life has a strong focus on customer service which is the lifeblood of our business.