Earnings: EFU Life announces Rs951m profit

KARACHI: EFU Life Assurance Limited, a leading private sector life insurance company, announced its financial results for the year ended December 31, 2014 as approved in the meeting of the board of directors held on February 14. The company posted after-tax profit of Rs951 million for 2014 with earnings per share of Rs9.51. It declared a final cash dividend of 60%, Rs6 per share, taking the total cash payout to 75%, Rs7.5 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 an asset base of Rs67 billion. The company has an insurer financial strength rating of ‘AA’ with a stable outlook from JCR-VIS credit rating company.

Published in The Express Tribune, February 17^th, 2015.

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