Pakistan General Insurance Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Underwriting Results for the period increased by 28 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 60 percent.
The board has not recommended any Cash Dividend, 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
Net Insurance Premium
143,636,116
135,905,503
5.69%
Net Insurance Claims
5,913,625
65,556,069
-90.98%
Underwriting Results
30,083,678
23,431,997
28.39%
Investment Income
6,982,087
7,871,618
-11.30%
Results of Operating Activities
15,880,561
19,809,989
-19.84%
Finance Cost
1,559,742
200,764
676.90%
Profit before Tax
14,320,819
19,609,225
-26.97%
Taxation
1,215,240
3,636,521
-66.58%
PAT
25,536,059
15,972,704
59.87%
Total Compre: Income for the year
15,656,752
16,099,748
-2.75%
EPS – Basic & diluted
0.33
0.34
-2.94%
Company release on Earnings Report can be accessed here.
