Jubilee Life Insurance Co. Maintains High Dividend Payout with Exceptional Earnings

Karachi, Jubilee Life Insurance Co. (JLICL), a cornerstone in the life insurance sector of the Pakistan Stock Exchange, unveiled an impressive earnings per share (EPS) of Rs. 23.74 for the year ending December 2023. The company declared a 130% dividend along with a 15% bonus for 2023, maintaining its position as a top performer in shareholder returns. Trading at Rs. 133.00, closely aligning with its daily weighted average of Rs. 132.71, JLICL showed a trading volume of 342,900 shares. With a paidup capital of Rs. 1,003.53 million, the company reached a high of Rs. 145.85 and a low of Rs. 128. Since its listing in 1996, Jubilee Life Insurance has exemplified exceptional growth and financial strength.