EFU Life posts 150% cash dividend for 2016

KARACHI: EFU Life Assurance Limited, the leading private sector life insurance company in Pakistan, announced its financial results for the year ended December 31, 2016 as approved in the meeting of the Board of Directors held on February 14, 2017. The company posted a profit after tax of Rs1.873 billion for the year 2016 with earnings per share of Rs18.73. The company declared a final cash dividend of 120%, ie Rs12 per share, taking the total cash dividend payout to 150%, ie Rs15 per share for the year. EFU Life is the highest capitalised private sector life insurance company in Pakistan with a paid-up capital of Rs1 billion and the largest asset base of Rs106 billion. The company has an insurer financial strength rating of AA+ (Outlook: Stable) by JCR VIS.

Published in The Express Tribune, February 16^th, 2017.

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