Pakistan Company News – Financial results of Jubilee General Insurance Company Limited for Quarter ended June 30, 2018

Financial results of Jubilee General Insurance Company Limited for Quarter ended June 30, 2018

Karachi, Jubilee General Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 16, 2018.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2018 which portrayed a profit of Rs. 49,245 with earnings per share 0.27 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Jubilee General Insurance Company Limited was incorporated in 1953. The branch network of the company is located in all the major cities and towns of Pakistan. The relationship of the company is renowned internationally with reinsurers such as Swiss Re, Munich Re, Lloyds, Hannover Re and Mitsui Sumitomo Re. The company is also supported by internationally acclaimed reinsurance brokers including AON Group, Willis, Marsh and UIB. In 2003 the company took control over a foreign country within Pakistan operations of Commercial General Union. It later acquired majority control of CU Life Assurance Company of Pakistan Ltd. The company is listed on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The head office of the company is located in Karachi.

The product range of the company in general insurance includes fire, marine, motor, engineering, health and general accidents. The company is also associated with providing risk coverage and risk management related services. Auto financing, personal loans, mortgages, plastic cards and trade finance, capital investment finance are customized solutions for securing entire operations of the company. Jubilee group health insurance includes services for national and multinational corporations including pharmaceuticals, chemical, textile, cement, hotels, oil and energy, manufacturing, fast moving consumer goods, banking and financial sectors.

The symbol “JCICL” is being used by the stock exchange for the shares of Jubilee General Insurance Company Limited.