EFU life: Half yearly profits surge 48%

EFU registered a strong increase in its profitability to a profit of Rs445 million for the six months of 2012

KARACHI: EFU Life Assurance Limited – Pakistan’s largest private sector life insurance company – announced its financial results for the half year ended June 30. The company registered a strong increase in its profitability to a profit of Rs445 million for the six months of 2012 compared with Rs300 million in the corresponding period previous year. The earnings per share increased to Rs5.24 per share. The increased profitability allowed the company to declare an interim cash dividend of 15% or Rs1.5 per share for the period under review as approved in the Board of Directors’ meeting held on August 27. The company has the highest paid-up capital of Rs850 million in the life insurance private sector. EFU Life’s asset base is Rs32 billion.

Published in The Express Tribune, August 31^st, 2012.