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.