KARACHI (PR) – Jubilee Life Insurance Company Limited announced impressive financial results for the year ended December 31, 2012, declaring the company as market leader in the private sector of life insurance industry. The results were declared by the Board of Directors who met under the chairmanship of Mr. Masood Noorani to review the performance of Jubilee Life during the year ended December 31, 2012.

During 2012, Jubilee Life continued its aggressive growth  with its increasing volume of premium reaching to Rs 12.1b, showing an unparalleled year-on-year growth of 47 percent.

During the year 2012, the pre-tax profit were reported to be Rs 0.809 billion against Rs 0.582 billion during last year.

With after-tax profit of Rs 0.553 billion, the earnings per share (EPS) increased to Rs 8.82 in 2012 from Rs 5.97 per share in 2011.

 The Company declared a cash dividend of 45% (Rs 4.50 per share) for the year 2012.