Karachi, EFU Life Assurance Limited's Board of Directors met in Karachi today to review and approve the Condensed Interim Second Quarter Accounts (Un-audited) for the six-month period ended June 30, 2023. In a significant move for shareholders, the board also declared the 2nd Interim Cash Dividend for the year 2023 at Rs.1.5 per share, representing 15%. This announcement comes in addition to the interim dividend already paid at Rs. 1.5 per share, also at 15%.

The Share Transfer Book of the company will be closed from September 13, 2023, to September 13, 2023, inclusive.

EFU Life Assurance Ltd. Reports Strong Financial Performance for H1 2023

In their recent financial disclosure, EFU Life Assurance Limited unveiled a robust performance for the first half of 2023. The Condensed Interim Statement of Profit and Loss Account for the six-month period ending June 30, 2023, shows positive growth across various financial indicators.

Key financial highlights for the six months period ended June 30, 2023 (Un-audited) include:

Premium contribution revenue amounted to Rs. 17,583,286, compared to Rs. 18,379,681 for the same period in 2022.

Net premium contribution revenue stood at Rs. 16,866,717, compared to Rs. 17,761,945 in 2022.

Investment income reached Rs. 14,593,961.

Net income for the period amounted to Rs. 30,502,380.

Earnings per share (EPS) stood at Rs. 8.44, compared to Rs. 6.20 for the same period last year.

The Condensed Interim Statement of Comprehensive Income for the six-month period ended June 30, 2023 (Un-audited) also revealed a strong performance, with a total comprehensive income of Rs. 845,713.

EFU Life Assurance Limited's financial results demonstrate the company's commitment to delivering value to its shareholders and maintaining a strong financial position.

For more details and a comprehensive analysis of EFU Life Assurance Limited's financial performance, shareholders and interested parties are encouraged to refer to the complete financial statements and reports available on the company's official website.

EFU Life Assurance Limited remains dedicated to providing quality insurance services and fostering financial well-being for its policyholders while delivering consistent value to its shareholders.