Magazine date:
Apr 2015 Pakistani life insurers witnessed a prosperous 2014 year with a market turnover growth of 34% at 59 357 million PKR (592 million USD). EFU Life Assurance company has been the most efficient in terms of progression with a 48% leap in premiums at 28 billion PKR (279 million USD).
In terms of investment, insurance companies have posted positive results. Listed insurers hold nearly 80% of their investments in State bonds.
The level of performance has, nevertheless, remained high while costs have increased by 34%.
At 2 602 million PKR (25.9 million USD), after-tax profits for life insurance companies have, nonetheless, risen by 24% compared to 2013.