ASIA INSURANCE COMPANY LIMITED STATEMENT OF PROFIT AND LOSS
FOR THE THREE MONTHS PERIOD ENDED March 31, 2023
Net Insurance Premium
Net Insurance Claims
Premium Deficiency
Net Commission and Other Acquisition Costs
Insurance Claims and Acquisition Expenses
Management Expenses
Underwriting Results
Investment (Loss) / Income
Other Income
Other Expenses
Results of Operating Activities
Finance Cost
Profit from Window Takaful Operations
(Loss) / Profit Before Tax
Income Tax Expense
(Loss) / Profit After Tax
(Loss) / Earnings Per Share - Basic & Diluted (Restated)
31-Mar-23
RUPEES
178,676,905
(63,808,854)
2,114,175
(45,961,771)
(107,656,450)
(93,730,747)
(22,710,292)
(5,515,737)
16,800,595
(478,685)
(11,904,119)
(3,469,148)
6,573,510
(8,799,757)
232,779
(8,566,978)
(0.12)
31-Mar-22
RUPEES
162,474,091
(49,920,355)
9,217,525
(38,819,343)
(79,522,173)
(86,899,032)
(3,947,114)
1,316,676
2,839,580
(75,657)
133,485
(3,316,232)
4,065,576
882,829
(263,158)
619,671
0.01
ASIA INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS PROFIT AND LOSS ACCOUNT
FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2023
Participants' Takaful Fund (PTF)
Contributions Earned
Less: Contributions Ceded to Retakaful
Net Contributions Revenue
Retakaful Rebate Earned
Net Underwriting Income
Net Claims - Reported / Settled - IBNR Charge of Contribution Deficiency Reserve
Other Direct Expenses
Surplus / (Deficit) Before Investment Income Other Income
Surplus / (Deficit) 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
31-Mar-23
Rupees
15,369,720
(5,093,111)
10,276,609
-
10,276,609
(2,687,090)
(260,544)
(2,947,634)
(2,515)
7,326,460
2,300,731
9,627,191
11,584,488
(5,216,697)
(779,472)
5,588,319
985,191
-
6,573,510
31-Mar-22
Rupees
11,195,359
(5,408,685)
5,786,674
-
5,786,674
(2,947,955)
(415,833)
(3,363,788)
(963)
2,421,923
623,983
3,045,906
8,821,633
(3,623,728)
(1,865,623)
3,332,282
733,294
-
4,065,576