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

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

The company’s Underwriting Results for the period declined substantially from the previous HY results by percent in the outgoing year, whereas the Profit after Taxation for the Period also declined by 25 percent.

The board did not recommend any Cash Dividend, 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 Insurance Premium

6,597

20,075

-67.14%

Net Insurance Claims

4,936

7,811

-36.81%

Underwriting Results

(19,380)

(5,639)

 

Investment Income

3,948

10,579

-62.68%

Results of Operating Activities

2,314

7,986

-71.02%

Finance Cost

45

81

-44.44%

Profit before Taxation

13,422

17,217

-22.04%

Taxation

1,258

1,021

23.21%

PAT

12,164

16,196

-24.90%

Total Comprehensive Income for the Year

12,164

16,196

-24.90%

EPS

0.29

0.39

-25.64%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-30T11:43:00+05:00