December 19, 2014 1:17 PM ET

Insurance

Company Overview of Jubilee Life Insurance Company Ltd.

Company Overview

Jubilee Life Insurance Company Limited is engaged in life insurance business in Pakistan. It operates through four segments: Individual Life Unit Linked, Conventional Business, Accident & Health, and Overseas Group Life and Health Business. The Individual Life Unit Linked segment provides life insurance coverage to individuals under unit based policies. The Conventional Business segment offers life insurance coverage to individuals under conventional policies, as well as to the members of business enterprises and corporate entities in common interest groups under group life insurance schemes. The Accident & Health Business segment provides personal accident coverage to individuals; and inpat...

74/1-A, Lalazar

M.T. Khan Road

Karachi,  74000

Pakistan

Founded in 1995

2,078 Employees

Phone:

92 21 3561 1071

Fax:

92 21 3561 0959

Key Executives for Jubilee Life Insurance Company Ltd.

Jubilee Life Insurance Company Ltd. does not have any Key Executives recorded.

Jubilee Life Insurance Company Ltd. Key Developments

Jubilee Life Insurance Company Ltd. Proposes Amendments to the Articles of Association and Memorandum of Association

Jubilee Life Insurance Company Ltd. proposed amendments to the Articles of Association and Memorandum of Association of the company at its EGM to be held on November 27, 2014.

Jubilee Life Insurance Company Ltd., Special/Extraordinary Shareholders Meeting, Nov 27, 2014

Jubilee Life Insurance Company Ltd., Special/Extraordinary Shareholders Meeting, Nov 27, 2014., at 11:00 Pakistan Standard Time. Location: Auditorium, Habib Bank Tower. Agenda: To consider amendments to the Articles of Association and Memorandum of Association of the company; and to ratify the investment of PKR 14,893,877 in the purchase of ordinary shares of International Industries Limited.

Jubilee Life Insurance Company Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Jubilee Life Insurance Company Ltd. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of PKR 18,000.163 million compared to PKR 5,848.574 million a year ago. Profit before tax was PKR 1,264.786 compared to PKR 383.829 million a year ago. Profit after tax was PKR 859.771 million or PKR 11.92 per share compared to PKR 261.626 million or PKR 3.63 per share a year ago. For nine months, the company reported revenue of PKR 13,685.613 million compared to PKR 4,473.456 million a year ago. Profit before tax was PKR 868.185 compared to PKR 281.021 million a year ago. Profit after tax was PKR 587.478 million or PKR 8.15 per share compared to PKR 190.255 million or PKR 2.64 per share a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2014
Habib Bank Limited
Merger/Acquisition
March 5, 2014
CJSC Jubilee Kyrgyzstan Insurance Company
Merger/Acquisition
February 3, 2014
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