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

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.

Posted on: 2017-08-25T15:36:00+05:00