Karachi: The Board of Directors of Jubilee Life Insurance Company Limited announced on August 18, 2026, that an interim cash dividend of Rs. 3 per share, equivalent to 30%, will be distributed to shareholders for the half year ending June 30, 2026. Additionally, a 50% bonus share issuance has been approved, providing one bonus share for every two shares held. The company's register will close from August 27 to 31, 2026, to determine the eligible shareholders.
According to the condensed interim statement, Jubilee Life reported total assets of Rs. 263.94 billion as of June 30, 2026, a decrease from Rs. 265.77 billion at the end of December 2025. The company's equity securities investments increased significantly to Rs. 34.74 billion from Rs. 26.64 billion, marking a very large or significant move. Meanwhile, government securities investments saw a decrease to Rs. 172.52 billion from Rs. 184.19 billion, classified as a big move.
The company's liabilities stood at Rs. 245.41 billion, down from Rs. 246.93 billion in December 2025, with insurance liabilities comprising the majority, at Rs. 229.92 billion. The equity attributable to the company's shareholders decreased to Rs. 18.54 billion from Rs. 18.83 billion.
Profitability metrics revealed a decline, with half-year net income at Rs. 959.94 million, down from Rs. 1.27 billion in the previous year, reflecting a big move. Earnings per share decreased to Rs. 9.57 from Rs. 12.69 year-on-year. The net premium/contribution revenue increased to Rs. 28.23 billion from Rs. 26.59 billion, while investment income declined to Rs. 11.27 billion from Rs. 12.80 billion.
According to information available from the Pakistan Stock Exchange (PSX), the company's net realised fair value losses on financial assets were reported at Rs. 161 million, contrasting with gains of Rs. 890 million in the prior period. Similarly, net fair value losses on financial assets at fair value through profit or loss were Rs. 905 million, compared to gains of Rs. 1.25 billion previously.
Despite these fluctuations, the board did not declare any right shares, additional entitlements, or price-sensitive information. The financial results reflect Jubilee Life's strategic adaptations in a volatile market environment.