EFU General Insurance Underwriting Result for the period increased by 0.80%, amounting to a total of 1.5 billion Rupees during the nine months ended September, 30th 2017
Company’s General and Administration Expenses decreased by 49.09% for the nine months to reach 88.87 million
The Profit after tax for the period increased 8.03% reaching 1.86 billion compared to profit of 1.724 billion rupees during the same period last year
The company’s earnings per share reached 9.31 rupees per share from last year’s 9M EPS of 8.62 per share
Company declared a cash dividend of Rs. 1.25 per share at a rate of 12.5%
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Nine Months Ended, September 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Net premium revenue
5,984,229
5,647,654
5.96%
Net claims
2,296,697
2,146,717
6.99%
Management expenses
1,752,662
1,614,325
8.57%
Net commission
430,633
394,377
9.19%
Underwriting results
1,504,237
1,492,235
0.80%
Investment income
591,872
815,826
-27.45%
Rental income
106,380
104,125
2.17%
Profit on deposits
63,480
47,755
32.93%
General and Admin Expenses
88,874
176,839
-49.74%
Profit/(loss) before Tax from Takaful operations
27,061
197
13636.55%
Profit before Tax
2,746,686
2,761,911
-0.55%
Taxation
883,787
1,037,411
-14.81%
Profit after Tax
1,862,899
1,724,500
8.03%
EPS – basic and diluted
9.31
8.62
8.00%
Company release on Earnings Report can be accessed here.
