From CEO’s Desk
I would like to extend my congratulations to our entire Jubilee Team for the outstanding results we achieved in 9M2023.
As I always emphasize, it’s the collective effort of our team that drives our success, and once again, we’ve proven this to be true. What sets us apart is our ability to confront challenges head-on rather than avoiding them.
Despite the challenging economic landscape, we successfully achieved several milestones. Our top-line growth reached an impressive 35%, with all our business segments showing double-digit growth. Our net premium also grew by 21%, and we delivered exceptional underwriting profits and substantial investment income. Our pre-tax profit doubled, and we recorded a robust post-tax profit. Following our announcement on the exchange, our share price soared, reaching an upper limit.
On the technological front, we took the lead by launching the industry’s first end-to-end motor app for comprehensive insurance and claims settlement, entirely automated without human intervention.
We’re proud to maintain the highest AM Best rating in Pakistan for two consecutive years, a testament to our financial strength and stability. AM Best is recognized as the gold standard in Insurer Financial Strength (IFS) Rating.
In addition, we were honored with the Best General Insurance Company award at the 38th Corporate Excellence Awards presented by MAP.
All of these accomplishments reflect our unwavering dedication and persistence throughout the year. I want to express my gratitude to my entire team and our clients whose support has been instrumental in achieving these remarkable milestones.
MD & CEO
Jubilee General Insurance Company Limited