⚡ Flash Summary

Jubilee Life Insurance presented its Corporate Briefing Session for December 2025. The company highlighted its strong financial strength with an ‘AA++’ Insurer Financial Strength rating and a stable outlook. Jubilee Life is focusing on digital transformation, product diversification, and building a high-performance sales force. The company reported a 29% YoY increase in net premium/contribution revenue for 9MCY25, but investment income declined by 32% over the same period. The company is navigating economic volatility and regulatory changes, as well as industry taxation concerns.

📌 Key Takeaways

• ⭐ Jubilee Life has an Insurer Financial Strength (IFS) rating of “AA++” with a stable outlook.
• 🤝 The company has a wide network of Banca partners, including HBL, UBL, and HabibMetro.
• 🏆 JLI received the Gold Award in The Life Insurance category at SAFA Best Presented Annual Report Awards.
• 🌐 JLI won 6 GDEIB Awards reflecting dedication into business strategy and driving meaningful impact.
• 📱 Jubilee Active App user base has grown to ~300K since its launch.
• 🏦 JLI joined hands with Mobilink Bank to bring accessible, customer-focused life insurance across Pakistan.
• 🧑‍🎓 JLI partnered with ILMA University to empower employees to pursue higher qualification.
• 🌱 Net Premium/Contribution Revenue increased by 29% YoY, reaching PKR 43,261 million in 9MCY25.
• 📉 Investment Income decreased by 32% YoY to PKR 18,651 million in 9MCY25.
• 📊 Net Income increased by 5% YoY to PKR 73,623 million in 9MCY25.
• 🏥 Largest health insurance provider with over 600+ hospitals.
• 🤝 Industry collaboration with Engage Consulting for employee engagement survey.
• 💸 Dividend per share remained constant at Rupees 3.00.

🎯 Investment Thesis

Given the mixed financial performance and external risks, a HOLD recommendation is appropriate at this time. While the company demonstrates strong core revenue growth, the decline in investment income and pending regulatory issues warrant caution. A price target cannot be accurately determined without a comprehensive valuation model, but further monitoring of investment income trends and resolution of regulatory challenges will be important. Time horizon: MEDIUM_TERM.