Adamjee Insurance Company Limited
Unconsolidated Condensed Interim Statement of Profit or Loss Account (Un-Audited) For six month period ended June 30, 2024
For three month period ended | For six month period ended | |||
June 30, | June 30, | June 30, | June 30, | |
2024 | 2023 | 2024 | 2023 | |
Rupees in thousand |
Net insurance premium
Net insurance claims
Net commission and other acquisition costs Insurance claims and acquisition expenses Management expenses
Underwriting results
Investment income Rental income Other income
Fair value adjustment to investment property Other expenses
Results of operating activities
Finance costs
Profit from Window Takaful Operations - Operator's Fund
Profit before taxation
Income tax expense
Profit after taxation
6,161,619
(3,868,237)
(911,389)
(4,779,626)
(1,238,650)
143,343
1,209,605
48,781
129,010
-
(82,090)
1,448,649
(1,569)
98,166
1,545,246
(615,195)
930,051
4,757,055 | 11,877,203 | |||
(3,290,876) | (7,431,509) | |||
(638,081) | (1,709,122) | |||
(3,928,957) | (9,140,631) | |||
(1,120,751) | (2,465,318) | |||
(292,653) | 271,254 | |||
550,985 | 2,412,180 | |||
44,179 | 97,079 | |||
101,859 | 251,796 | |||
6,456 | - | |||
(44,154) | (141,440) | |||
366,672 | 2,890,869 |
- (3,628)
122,551271,856
488,541 3,159,097
(316,715) (1,254,296)
171,826 1,904,801
9,596,924
(6,833,726)
(1,328,735)
(8,162,461)
(2,113,937)
(679,474)
1,255,888
88,398
207,259
293,284
(73,271)
1,092,084
(1,229)
221,310
1,312,165
(635,775)
676,390
-------------------------------------- | (Rupees) | ||||||||
----------------------------------------- | |||||||||
Earnings after tax per share - basic and diluted | 2.65 | 0.49 | 5.44 | 1.93 | |||||
Adamjee Insurance Company Limited
Consolidated Condensed Interim Profit and Loss Account (Un-audited)
For six months period ended June 30, 2024
For three months period ended | For six months period ended | |||
June 30, | June 30, | June 30, | June 30, | |
2024 | 2023 | 2024 | 2023 | |
Rupees in thousand |
Net insurance premium | 11,566,292 | 9,921,111 | ||||||
Net insurance claims | (8,997,691) | (7,674,894) | ||||||
Net commission and other acquisition costs | (1,679,267) | (1,376,126) | ||||||
Insurance claims and acquisition expenses | (10,676,958) | (9,051,020) | ||||||
Management expenses | (1,530,549) | (1,390,400) | ||||||
Net change in insurance liabilities | ||||||||
(other than outstanding claims) | (5,294,411) | (2,591,449) | ||||||
Underwriting results | (5,935,626) | (3,111,758) | ||||||
Investment income | 5,926,395 | 3,502,279 | ||||||
Net fair value gain / (loss) on financial assets at fair value | ||||||||
through profit and loss - unrealised | 1,640,056 | 69,014 | ||||||
Fair value adjustment to investment property | - | (17,964) | ||||||
Rental income | 31,196 | 28,377 | ||||||
Other income | 296,666 | 349,168 | ||||||
Other expenses | (68,107) | (48,859) | ||||||
Results of operating activities | 1,890,580 | 770,257 | ||||||
Finance cost | (1,461) | (1,437) | ||||||
Profit from Window Takaful Operations | ||||||||
- Operator's Fund (Parent Company) | 98,166 | 122,551 | ||||||
Profit before tax | 1,987,285 | 891,371 | ||||||
Income tax expense | (808,868) | (456,887) | ||||||
Profit after tax for the period | 1,178,417 | 434,484 | ||||||
Profit attributable to: | ||||||||
Equity holders of the parent | 1,143,935 | 405,350 | ||||||
Non-controlling interest | 34,482 | 29,134 | ||||||
1,178,417 | 434,484 | |||||||
23,601,210
(18,644,845)
(3,245,009)
(21,889,854)
(3,016,622)
(8,077,763)
(9,383,029)
10,732,993
1,729,244
-
61,874
615,248
(148,284)
3,608,046
(3,375)
271,856
3,876,527
(1,650,995)
2,225,532
2,160,665
64,867
2,225,532
20,520,612
(15,398,449)
(2,815,026)
(18,213,475)
(2,596,771)
(5,141,094)
(5,430,728)
6,485,143
(344,436)
212,374
56,831
664,501
(80,071)
1,563,614
(2,754)
221,310
1,782,170
(850,893)
931,277
889,093
42,184
931,277
---------------- (Rupees) | ------------- | |||
Earnings after tax per share - basic and diluted | 3.27 | 1.16 | ||
---------------- (Rupees) -------------
6.172.54