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.