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

By MG News | August 25, 2017 at 03:36 PM GMT+05:00

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Habib Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Premium Revenue for the period increased by 12.75 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 27.24 percent.

The board did not recommended any Cash Dividend, issued no bonus or right shares.

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	304,326	269,916	12.75%
Net Claims	196,126	117,376	67.09%
Expenses	129,842	114,875	13.03%
Net commission	38,188	25,416	50.25%
Underwriting Results	16,546	63,081	-73.77%
Investment Income	118,699	108,763	9.14%
Other Income	3,879	3,622	7.10%
General and Admin: Expenses	41,580	39,188	6.10%
Profit before tax	97,544	136,278	-28.42%
Taxation	29,732	42,985	-30.83%
PAT	67,812	93,199	-27.24%
EPS of Rs. 5/each	0.55	0.75	-26.67%

Company release on Earnings Report can be accessed here.

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