Business
Asia Insurance : Financial Results for the Year Ended 31 December 2024
Asia Insurance : Financial Results for the Year Ended 31 December
About this update from Asia Insurance Co. Ltd. (pakistan)
[{"type":"text","content":"ASIA INSURANCE COMPANY LIMITED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2024\n 2024\n 2023\n Rupees\n Rupees\n 177,761,210\n 155,998,471\n 40,827,320\n 40,827,320\n 240,290,722\n 85,430,962\n 79,616,506\n 135,053,472\n 411,000,000\n 100,000,000\n 730,907,228\n 320,484,434\n 96,627,961\n 88,613,502\n 724,169,804\n 557,524,093\n 175,704,619\n 156,115,608\n 122,842,406\n 140,105,642\n -\n 11,792,792\n -\n 2,167,185\n 99,397,201\n 118,573,010\n 61,560,249\n 399,942,738\n 2,229,797,998\n 1,992,144,795\n 156,773,408\n 108,668,589\n 2,386,571,406\n 2,100,813,384\n Capital and Reserves Attributable to Company's Equity Holders\n 730,082,430\n 730,082,430\n 69,917,570\n 69,917,570\n 2,500,000\n 2,500,000\n 234,702,442\n 102,819,333\n 1,037,202,442\n 905,319,333\n 309,940,175\n 254,913,907\n 546,499,077\n 538,157,690\n -\n 6,642,836\n 20,990,654\n 14,034,468\n 9,453,090\n -\n 11,180,329\n -\n 1,391,511\n 992,124\n 110,531,151\n 111,726,246\n 149,522,136\n 122,693,450\n 138,088,357\n 107,253,271\n 1,297,596,480\n 1,156,413,992\n 51,772,484\n 39,080,059\n 2,386,571,406\n 2,100,813,384\n -\n -NoteASSETS\n Property and Equipment 8\n Investment Property 9 Investments\n Equity Securities 10\n Debt Securities 11\n Term Deposits 12\n Loans and Other Receivables 13\n Insurance / Reinsurance Receivables 14\n Reinsurance Recoveries Against Outstanding Claims 28\n Deferred Commission Expense / Acquisition Cost 29\n Deferred Taxation 16\n Taxation & Levies - Payments Less Provision 15\n Prepayments 17\n Cash and Bank 18\n Total Assets of Window Takaful Operations - OPF 19 TOTAL ASSETS\n EQUITY AND LIABILITIES\n Ordinary Share Capital 20\n Share Premium - Capital Reserve 20.4\n Reserves - Revenue 21 Unappropriated Profit - Revenue Reserve\n TOTAL EQUITY\n LIABILITIES Underwriting Provisions\n Outstanding Claims Including IBNR 28\n Unearned Premium Reserves 27 Premium Deficiency Reserve\n Unearned Reinsurance Commission 29\n Deferred Taxation 16\n Taxation & Levies - Payments Less Provision 15\n Retirement Benefit Obligations 22\n Lease Liabilities 23\n Insurance / Reinsurance Payables 24\n Other Creditors and Accruals 25 TOTAL LIABILITIES\n Total Liabilities of Window Takaful Operations - OPF 19 TOTAL EQUITY AND LIABILITIES\n CONTINGENCIES AND COMMITMENTS 26\n The annexed notes 1 To 53 form an integral part of these Financial Statement...