I am
pleased to report that the Company’s business
progressed very well during the third quarter
ended September 30, 2006. Total gross premiums
written by the Company during first nine
months of year 2006 was Rs 1.64 billion,
71.51% higher as compared to the corresponding
figure last year. The Company paid claims of
Rs 573 million during first nine months of
2006 as compared to Rs 316 million paid during
same period last year.
The annualized unit growth of our Managed Fund
was 12.52%, Pension Fund was 21.74% and
Sarmaya Fund was 22.54% during first nine
months of 2006. This is better than all other
comparable funds in Pakistan and indicates NJI
Life’s strong commitment to manage the funds
of its policyholders in the best possible way.
I wish to thank employees and field force for
their invaluable contribution towards the
satisfactory growth during first nine months
of year 2006. I also thank all policyholders
and shareholders for the confidence reposed in
NJI Life and to all well-wishers for their
support. I am anticipating record-breaking
performance by NJI Life during 4th Quarter
2006. |
