Karachi: Jubilee Life Insurance held a corporate briefing session on April 16, 2026, where it presented a mixed financial performance for the fiscal year 2025. The event highlighted significant industry trends and company-specific financial metrics.
According to detailed industry data, Jubilee Life Insurance showcased a notable increase in its Net Premium/Contribution Revenue, which rose by 22% to PKR 56,655 million in calendar year 2025 compared to PKR 46,563 million in 2024. However, there was a substantial decline in Investment Income, which fell by 31% to PKR 24,472 million from PKR 35,279 million in the previous year. Similarly, Net realized fair value gains on financial assets suffered a substantial decrease of 49%, settling at PKR 2,755 million, down from PKR 5,431 million.
The broader industry overview revealed a growth in total assets from Rs. 2,900 billion in 2023 to Rs. 3,554 billion in 2024. Gross premiums also saw a rise to Rs. 677 billion from Rs. 631 billion. Claims paid for 2024 were reported at Rs. 599 billion, compared to Rs. 373 billion in 2023, marking a significant increase. The number of policies rose to 10.3 million from 10 million over the same period.
According to information available from the Pakistan Stock Exchange (PSX), the insurance sector in Pakistan consists of 42 insurers, comprising 8 life insurers, 4 family Takaful operators, 27 non-life insurers, 2 general Takaful operators, and 1 reinsurer. The insurance penetration rate remains at 0.7%, with an insurance density of Rs. 2,913.
Jubilee Life Insurance reported a slight downturn in its Net Income, which decreased by 4% to PKR 96,955 million from PKR 100,843 million in the previous year. Despite this, the company maintained its Dividend Per Share at Rs. 13. The results of operating activities also reflected a modest decline of 4%, with figures dropping from PKR 4,300 million to PKR 4,115 million. Profit Before Tax and Profit After Tax both fell by 3%, with earnings per share decreasing from 25.65 to 24.87 rupees.
The insurance benefits for the year showed a minor move, increasing by 1% to PKR 57,877 million from PKR 57,416 million. Net insurance benefits also registered a 1% increase, reaching PKR 56,236 million. Conversely, the net change in insurance liabilities, excluding outstanding claims, saw a moderate move downward by 20%, adjusting from PKR 27,152 million to PKR 21,850 million.
Acquisition expenses and marketing and administration expenses presented diverse trends, with the former rising by 18% to PKR 7,479 million and the latter experiencing a minor move with a 1% decrease to PKR 7,139 million. Total expenses saw a decrease of 10%, amounting to PKR 36,499 million from PKR 40,726 million in the prior year.
Jubilee Life Insurance’s performance reflects both challenges and growth opportunities within the Pakistani insurance sector, as highlighted during the corporate briefing session.