Karachi, EFU Life Assurance Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on March 31, 2023 at Islamabad.
“Resolved that the minutes of the previous Annual General Meeting held on March 31, 2022, is unanimously approved by the shareholders.”
“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”
EFU Life Assurance Limited is a Public Limited company incorporated in Pakistan on August 9, 1992. The company is engaged in life insurance business which includes ordinary life business, pension fund business and accident and health business. It is a subsidiary of EFU General Insurance Ltd.
The Government of Pakistan reopened the life insurance business to the private sector organizations and EFU Life Assurance Ltd started operations in November 1992.
The Shares which the company has introduced are 100,000,001. The Earnings per shares of the company has increased in 2020 and is 17.84 which was 15.49 in 2019. Their Profit after Taxation is 1,784,150,000 in 2020 which was 1,549,264,000 in 2019.