Earnings Report: Askari General Insurance Co. Ltd. (PSX: AGIC) today reported Financial Results for the Three and Six months ended June 30, 2017

MG News | August 25, 2017 at 02:38 PM GMT+05:00

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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.

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