Karachi, April 28, 2026 — Jubilee Life Insurance Company Limited (PSX: JLICL) has announced its financial results for the quarter ended March 31, 2026, reporting a profit after tax of Rs311.12 million, compared with Rs393.55 million recorded in the corresponding period last year. The company’s earnings per share (EPS) stood at Rs3.10, down from Rs3.92 a year earlier.
The Board of Directors, in its meeting held on April 28, 2026, did not recommend any cash dividend, bonus shares, or right shares for shareholders. The company also confirmed that there was no other price-sensitive information to disclose.
During the first quarter, net premium/contribution revenue increased to Rs15.97 billion, up from Rs14.30 billion in the same period of 2025, reflecting continued growth in the company’s insurance business. However, profitability was impacted by a significant fair value loss on financial assets, which reached Rs10.09 billion, substantially higher than the loss reported in the corresponding quarter last year.
Total net income declined to Rs11.72 billion from Rs19.38 billion a year earlier. Meanwhile, the company’s operating profit stood at Rs502.74 million, compared to Rs622.88 million in the first quarter of 2025.
On the balance sheet, Jubilee Life reported total assets of Rs255.98 billion as of March 31, 2026, compared with Rs265.77 billion at the end of December 2025. Shareholders’ equity amounted to Rs17.30 billion, while cash and bank balances improved to Rs5.37 billion from Rs4.82 billion at the end of the previous year.
The company also recorded an other comprehensive loss of Rs841.46 million, primarily due to unrealized losses on available-for-sale financial assets, resulting in a total comprehensive loss of Rs530.34 million for the quarter despite remaining profitable on an after-tax basis.
Jubilee Life’s latest results highlight resilient premium growth and stable underwriting operations, although market-related investment losses weighed on overall earnings during the quarter. The insurer maintained its conservative capital allocation by withholding dividend distributions while continuing to preserve a strong financial position.
