Askari General Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Premium Revenue = for the period increased by 4.83 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 16.48 percent.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Six Months Ended |
|||
Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
Amounts in PKR ‘000 |
|||
Net Premium revenue |
649,769 |
619,819 |
4.83% |
Net Claims |
313,455 |
298,594 |
4.98% |
Expenses |
157,770 |
152,405 |
3.52% |
Net commission |
3,904 |
22,673 |
-82.78% |
Underwriting Results |
182,448 |
191,493 |
-4.72% |
Investment Income |
93,932 |
48,993 |
91.73% |
Rental Income |
2,149 |
1,684 |
27.61% |
Other Income |
1,095 |
2,025 |
-45.93% |
Profit on bank deposits |
3,044 |
2,509 |
21.32% |
Finance Cost |
2,367 |
1,860 |
27.26% |
General and Admin: Expenses |
96,470 |
88,308 |
9.24% |
Profit before tax from General Operations |
183,831 |
156,446 |
17.50% |
Profit/(loss) before tax from window takaful operation – OPF |
10,330 |
158 |
6437.97% |
Profit before tax |
194,161 |
156,278 |
24.24% |
PAT |
126,988 |
109,025 |
16.48% |
Total comprehensive income for the year |
126,988 |
109,025 |
16.48% |
Balance of unappropriated profit at end of the period |
641,172 |
621,801 |
3.12% |
EPS – Basic and diluted |
2.03 |
1.79 |
13.41% |
Company release on Earnings Report can be accessed here.