Karachi: Jubilee General Insurance Company Limited announced the approval of its annual audited financial statements and a final cash dividend during its 72nd Annual General Meeting held on April 25, 2025, in Karachi. The meeting saw shareholders adopting several key resolutions related to the company's financial and operational strategies.

Shareholders approved the annual audited financial statements for the year ending December 31, 2024. The statements were presented along with the accompanying Auditors' and Directors' Reports, which provided a comprehensive overview of the company's financial health and operational performance over the past year.

In a move to return earnings to shareholders, the company declared a final cash dividend of 55%, equivalent to Rs. 5.50 per ordinary share of Rs. 10/- each, for the fiscal year ending December 31, 2024. This decision, recommended by the Board of Directors, reflects the company’s commitment to delivering value to its shareholders.

Additionally, the meeting included the appointment of M/s. KPMG Taseer Hadi & Company as the auditors for the company for the ensuing year, with the terms of remuneration to be mutually agreed upon. The appointment ensures that the company's financial practices remain transparent and in line with industry standards.

According to information available from the Pakistan Stock Exchange (PSX), Jubilee General Insurance operates within the designated market category. The company’s decisions at this AGM are expected to influence its market standing and investor confidence in the upcoming year.