Staff Reporter Karachi
The Board of Directors of EFU General Insurance Limited on 25th February 2021 approved the annual financial statements for the year ended31 December 2020.
Despite the Covid 19 Pandemic the Company holds a leading position in non-life insurance business.
It created another history by becoming the first company to underwrite premiums (including Takaful Contributions) of 22.6 billion.
The underwriting profitfor the year was Rs. 739 million as compared to Rs. 505 million in the preceding year i. e. increase by 46%. The after tax profit was Rs. 2,371million(earning per share of Rs. 11.85).
The market value of investments and property increased from Rs.28 billion in the preceding year to Rs. 30 billion.
The Board of Directors recommended final cash dividend @ of Rs. 5.50 per share (i.e55%) in addition to already paid three interim cash dividends of Rs. 1.50 per share.
