ASIA INSURANCE COMPANY LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE HALF YEAR ENDED JUNE 30, 2023

For the Quarter Ended

30-Jun-2330-Jun-22

Rupees Rupees

For The Half Year Ended

30-Jun-2330-Jun-22

RUPEES RUPEES

Net Insurance Premium

Net Insurance Claims

Premium Deficiency

Net Commission and Other Acquisition Costs

Insurance Claims and Acquisition Expenses

Management Expenses

Underwriting Results

Investment Income / (Loss)

Other Income

Other Expenses

Results of Operating Activities

Finance Cost

Profit from Window Takaful Operations

Profit / (Loss) Before Tax

Income Tax Expense

Profit / (Loss) After Tax

195,833,634

(69,296,576)

-

(53,574,927)

(122,871,503)

(85,054,321)

(12,092,190)

7,302,182

19,585,690

(584,303)

14,211,379

(3,746,891)

7,364,924

17,829,412

(5,845,469)

11,983,943

180,999,820

(55,240,816)

-

(32,070,178)

(87,310,994)

(92,716,433)

972,393

(36,760,885)

3,538,865

(1,146,249)

(33,395,876)

(3,212,753)

4,312,202

(32,296,427)

10,086,882

(22,209,545)

374,510,539

(133,105,430)

2,114,175

(99,536,698)

(230,527,953)

(178,785,068)

(34,802,482)

1,786,445

36,386,285

(1,062,988)

2,307,260

(7,216,039)

13,938,434

9,029,655

(5,612,690)

3,416,965

343,473,911

(105,161,171)

9,217,525

(70,889,521)

(166,833,167)

(179,615,465)

(2,974,721)

(35,444,209)

6,378,445

(1,221,906)

(33,262,391)

(6,528,985)

8,377,778

(31,413,598)

9,823,724

(21,589,874)

Earnings / (Loss) Per Share - Basic & Diluted

0.16 (0.30)

0.05 (0.30)

ASIA INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE HALF YEAR ENDED JUNE 30, 2023

Participants' Takaful Fund (PTF)

For The Quarter Ended

Un-AuditedUn-Audited

30-Jun-2330-Jun-22

Rupees Rupees

For The Half Year Ended

Un-AuditedUn-Audited

30-Jun-2330-Jun-22

Rupees Rupees

Contributions Earned

Less: Contributions Ceded to Retakaful

Net Contributions Revenue

Retakaful Rebate Earned

Net Underwriting Income

Net Claims - Reported / Settled - IBNR (Charge)/Reversal of Contribution Deficiency Reserve

Other Direct Expenses

Surplus / (Deficit) Before Investment Income Other Income

Surplus Transferred to Accumulated Surplus

Operator's Fund (OPF)

Wakala Fee

Commission Expense

General, Adminstration and Management Expenses

Other Income

Other Expenses

Profit for the period

15,804,953

11,641,873

(6,936,110)

(5,436,413)

8,868,843

6,205,460

-

-

8,868,843

6,205,460

(9,952,286)

(1,178,320)

(70,747)

415,833

(10,023,033)

(762,487)

(1,189)

(93)

(1,155,379)

5,442,880

2,879,632

659,127

1,724,253

6,102,007

11,532,431

9,354,309

(5,385,738)

(3,823,990)

(610,633)

(1,843,944)

5,536,060

3,686,375

1,901,914

732,215

(73,050)

(106,388)

7,364,924

4,312,202

31,174,673

(12,029,221)

19,145,452

-

19,145,452

(12,639,376)

(331,291)

(12,970,667)

(3,704)

6,171,081

5,180,363

11,351,444

23,116,919

(10,602,435)

(1,390,105)

11,124,379

2,887,105

(73,050)

13,938,434

22,837,232

(10,845,098)

11,992,134

-

11,992,134

(4,126,275)

-

(4,126,275)

(1,056)

7,864,803

1,283,110

9,147,913

18,175,942

(7,447,718)

(3,709,567)

7,018,657

1,465,509

(106,388)

8,377,778

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Asia Insurance Company Ltd. published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 04:58:01 UTC.