Financial report of EFU General Insurance Ltd for 9 months.

The financial experts of EFU General Insurance Limited recorded in the financial statements for the nine months period ended 30 September 2020 that the Written Premium of EFU General Insurance (including Takaful) for the nine months period increased by 2 percent to Rs. 17,307 million (Takaful Contribution Rs. 1,830 million) as compared to Rs. 17,048 million (Takaful Contribution Rs. 1,773 million) for same period of previous year. The experts also recorded that the Net Premium Revenue for the nine months period (including Takaful Net Contribution Revenue) was noted Rs. 7,339 million as compared to Rs. 6,651 million for the same period of previous year.

No doubt, EFU General Insurance Limited is Pakistan's largest and oldest general insurance company, always ready to go the additional mile to serve better. Ever since the company's establishment in 1932, it has met the issues/challenges of changing times. It has built a diversified customer base, covered more sorts of risks than any other, improved the expertise and delivered on the promises. During 2017 EFU General Insurance counting its Takaful operations has crossed the Premium/Contribution figure of Rs.20 billion. It is the first general insurance company in the history of Pakistan to attain this milestone.

The financial experts of EFU General Insurance also identified in the financial statements for the nine months period ended 30 September 2020 that the overall claims ratio to Net Premium Revenue was 50 percent as against to 47 percent for the same period of previous year. The experts also noted that heavy rains and floods in Karachi and other parts of the country impacted overall underwriting consequences of the company. Karachi experienced 484 mm of rain in August, highest in last 90 years.

Investment income (including rental income, profit on deposits and other income) for the nine months period grew by 17 percent to Rs. 1,765 million as against to Rs. 1,506 million for the same period of previous year. The after-tax-profit for the nine months period was recorded to Rs. 1,775 million as against to Rs. 1,293 million for the same period of previous year.

The earnings per share (EPS) for the period was also recorded Rs. 8.88 as compared to Rs. 6.46 for the same period of previous year. EFU General is the most powerful trusted brand in the country and is the leading insurer of Chinese infrastructure projects (CPEC) in Pakistan. It has always played a pivotal role of institution, giving...

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