EFU Life is registered and supervised by The Securities and Exchange Commission of Pakistan.
Sound financial management has been the hallmark of EFU Life’s operations. In line with the Code of Corporate Governance for Insurance Companies, EFU Life has established Board level committees for various key functions. In addition to external auditors, the Company has a fully functional Internal Audit Department headed by a qualified Chartered Accountant. EFU Life has also appointed an independent Actuary, who reviews and submits a ‘Financial Conditions Report’ on a regular basis to Regulators.
Financial Highlights for last six years
Yearly Earning per share as on 31st December 2015 Rs. 14.75
Price Earning ratio as on 31st December 2015 Rs. 13.49
Break up value per share as on 31st December 2015 Rs. 34.10
Free Float of Shares of Company
Free Float of Shares as on December 31, 2015 — 34,568,600 shares
Name of Auditors of the Company
KPMG Taseer Hadi & Co. , Chartered Accountants
Name and Address of Share Registrar
Technology Trade (Pvt) Ltd.
Dagia House, 241-C, Block 2 Off. Shahra-e-Quaideen, Karachi
Phone No. 34391316-7, 34387960-61
Rating of Company
AA+ outlook Stable (JCR-VIS)
Online form / contact details of person designated for assisting and handling investor grievances http://www.secp.gov.pk/Complaint
Mr. S. Shahid Abbas
Chief Financial Officer & Corporate Secretary
Election of Directors was held at Extraordinary General Meeting on June 20, 2014 and the following nine Directors were elected:
Mr Rafique R. Bhimjee
Mr Saifuddin N. Zoomkawala
Mr Taher G. Sachak
Mr Muneer R. Bhimjee
Mr Hasanali Abdullah
Mr Heinz Walter Dollberg
Mr S. Salman Rashid
Mr Kamal Afsar
Mr. Mahmood Lotia has been co-opted as Director of EFU Life Assurance Ltd. in the Board Meeting of the Company held on August 29, 2015 with effect from August 29, 2015 in place of Mr. Jahangir Siddiqui who resigned with effect from June 30, 2015.
At the Annual General Meeting held on April 2, 2016 the Shareholders approved the payment of Final Cash Dividend @ Rs.7/- per share i.e. 70% (in addition to interim cash dividends @ Rs.3/- per share i.e. 30% already paid) for the year ended December 31, 2015 to those shareholders whose names appear on the Members Register at the close of Business on March 25, 2016.