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.
