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

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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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