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Financial Results

New Jubilee Life Insurance Company Limited’s condensed interim financial information for the half year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in its 78th Board meeting held on August 24, 2011 at 10:00 hours at New Jubilee Life Building 74/I-A, Lalaza, Karachi, recommended the following:

 

i. Cash Dividend Nil
ii. Any Other Entitlement / Corporate Action Nil
iii. Any Other Price – Sensitive Information Nil

 

The financial results of the Company are as follows:

 

(Rupees in million)

Description  Six Months Three moths Six Months Three moths
Period ended Period ended Period ended Period ended
30 June 2011 30 June 2011  30 June 2010 30 June 2010
Revenue:
Gross revenues net of reinsurance  3,638,531 1,927,894  2,512,758 1,252,110
Investment income and other income 738,124 361,846 432,612 112,891
——— ——— ———  ———
4,376,655  2,289,740 2,945,370 1,365,001
——— ——— ——— ———
Expenses:
Claims including movement in policyholders’ liability 2,762,524 1,357,258  1,816,613 744,951
Management expenses 1,323,357  755,597 937,622  493,442
——— ———  ——— ———
 4,085,881 2,112,855 2,754,235 1,238,393
  ———  ——— ——— ———
Surplus Available in Revenue Account  290,774 176,885 191,135 126,608
Surplus transferred to Profit and Loss Account 180,000 110,000 80,000 40,000
Profit and (Loss) account before appropriation of surplus to

Shareholder’s fund

41,239 14,978 (0.170) (9,260)
 ———  ——— ———  ———
Profit before tax per profit and loss account 221,239 124,978 79,830  30,740
Income Tax (81,063) (43,063) (29,500) (16,060)
Profit / (loss) after tax per profit and loss account 140,176 81,915 50,330 14,680
——— ——— ——— ———
Earning per share (Rupee)   2.24 1.31   0.80 0.23

 

We hereby confirm that there is no observation / qualification of the auditors while reviewing these Condensed Interim Financial Information for the half year ended June 30, 2011.

 

For more information, contact:
Manzoor Ahmed
Chief Financial Officer and Company Secretary
New Jubilee Life Insurance Company Limited
New Jubilee Life Building 74/I-A,
Lalaza, Karachi – 74000
Pakistan
Tel: 35611071-5
Fax: 35610959
Email: info@njilife.com

new-jubilee-life-insurance-company-limited%e2%80%99s-condensed-interim-financial-information-for-the-half-year-ended-june-30-2011

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