EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan announced its financial results for the year ended 31 December 2016 as approved in the meeting of the Board of Directors held on 14 February 2017. The company posted a profit after tax of Rs 1.873 billion for the year 2016 with earnings per share of Rs 18.73. The company declared a final cash dividend of 120 percent, ie Rs 12 per share, taking the total cash dividend payout to 150%, ie Rs 15 per share for the year.
EFU Life is the highest capitalised private sector life insurance company in Pakistan with a paid-up capital of Rs 1 billion and the largest asset base of Rs 106 billion. The Company has an insurer financial strength rating of AA+ (Outlook: Stable) by JCR VIS.-PR