Askari Life Assurance Co. Ltd.PSX: ALAC

Financial Results for the nine months ended September 30, 2025

· Issued by Askari Life Assurance Co. Ltd.

Askari Life Assurance Company Limited

Head Offce

Emerald Tower, Office No. 1104,11th Floor, T +92 21 36269941-44 PlOt G-19, BIOck 5, KDA Improvement F +92 21 3514 7540 Scheme No. S, Clifton, Karachi.

October 27, 2025

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road Karachi.

Subject: Financial Results for the nine months ended September 30, 2025



askarilife

Dear Sir,

We have to inform you that the Board of Directors of our company in their meeting held on October 27, 2025 at 10:30 AM at Rawalpindi, recommended the follQwing:

  1. CASH DIVIDEND

  2. BONUS SHARES

  3. RIGHT SHARES

  4. ANY OTHER ENTITLEMENT/CORPORATE ACTION

  5. ANY OTHER PRICE-SENSITIVE INFORMATION

    The financial results of the Company are attached.

    NIL NIL NIL NIL NIL

    The Nine Month Report of the Company for the period ended September 30, 2025 will be transmitted through PUCARS separately, within the specified time.



    Yours Sincerely,



    Muhammad Nadeem Rajput Company Secretary

    C.C

    1. The Director, Securities Market Division, SECP, Islamabad.

    2. Executive Director/HOD, Offsite-I Department, Supervision Division, SECP

    3. The Director Insurance, Insurance Division, SECP, Islamabad.

021-111-225-275 Registered Office

askari|ife.com

8th Floor, Armg Welfare Trust, AWT Plaza, The Mall, Rawalpindi. info@askarilife.com

ASKARI LIFE ASSURANCE COMPANY LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT SEPTEMBER 30, 2025

ASSETS

September 30, December 31,

2025 2024

(Un-audited) (Audited) (Rupees in '000)

Property and equipment

19,987

17,144

Right ofuse assets Intangible assets Investments

-Equity securities

18,192

198,502

18,692

14,132

-Government securities

2,145,458

1,810,188

-Mutual funds

640,905

634,468

Loans secured against life insurance policies

5,114

5,114

Insurance receivables

57,131

53,511

Other loans and receivables

106,635

73,788

Taxation - payments less provision

90,615

72,307

Prepayments

13,291

5,514

Cash and bank

319,230 244,906

TOTAL ASSETS

3,615,060 2,949,764

EQUITY AND LIABILITIES

CAPITAL AND RESERVES ATTRIBUTABLE TO COMPANY'S

EQUITY HOLDERS

Share capital

1,501,720

1,501,720

Money ceded to Waqf fund

500

500

Retained earnings arising from business other than participating business attributable to the shareholders (Ledger Account D)

(1,645,467)

(1,683,800)

Unrealized gain on available-for-sale financial Instruments

11,025

5,502

Accumulated losses

(44,561)

(44,492)

Advance against equity TOTAL EQUITY LIABILITIES

Insurance liabilities Retirement benefit obligations Premium received in advance

Insurance / reinsurance payables Other creditors and accruals

Lease liability against right ofuse assets

730,000 730,000 553,217 509,430

TOTAL LIABILITIES

3,061,843

2,440,334

2,451,479

1,828,988

95,536

76,982

195,488

198,790

188,983

165,263

116,315

150,694

14,042

19,617

TOTAL EQUITY AND LIABILITIES 3,615,060 2,949,764


ASKARI LIFE ASSURANCE COMPANY LIMITED

CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE NINE MONTHS AND QUARTER ENDED SEPTEMBER 30, 2025

169,382

208,816

57,016

73,462

47,6t5

49,533

15,421

8,535

16,817

623

16,608

153

8,537

17,865

2.253

5,101

672,677

398,937

222,887

86,669

(345,905)

(194,686)

$l18,963)

(39,219)

611,870

278,384

258,803

128,950

806,274

528,002

300,550

191,023

323,222

287,987

111,334

94,071

22,731

15,629

8.198

6,413

Nine Months Ended Quarter Ended

Septezaher 30,

2025

(Rupees

Septczaber 30,

2024

ia '000s

Septezaber 30,

2025

(Rupees

Septezaber 30,

2024

ia '000s

Gross premium / contribution revenue

2,196,376

1,253,047

846,732

501,413

Re insurance premium / contribution ceded

(308,274)

(276,187)

(140,743)

(133,517)

Net premium / contribution revenue

1,888,102

976,860

705,989

367,896

Investment income

Net realised fair value gains on financial instruments

Net fair value gains on financial assets at fair value through profit or loss

Other incone

242,351

276,837

91,298

87J5l

Total iacoate

2,130,453

l,2J3,697

797,287

455,147

Insurance benefits

Reinsurance recoveries

Net insurance benefits

326,772

204,251

t03$24

47,450

Net change ininsurance liabilities (other than outstanding claims)

Acquisifion expenses

Marketing and administration expenses



Total expeases

1.764,097

1,110,002

678,885

420,4y7

Profit/ (Loss) before tax

39,584

(60.556)

14.478

(12,760)

ktcoae tax expense

(1,320)

(4,566)

(612}

('?90)

Profit / (Loss) for tbe period



38,264

(65,122)

t3,866

(13,530)

Otber coaipreIseasi've iocoate

Unrealised gain / (loss) on remeasurement of available-for-safe financial



5,523

15,107

5,104

18.336

5,523

t5,J07

5,104

18,336

Total comprehensive Income / ( Loss ) ter the period

43,787

(50,015)

18,970

4,786

Earnings / (Loss) per share - Rupees

0.25

(0.43)

0.09

(0.09)





CONDCNSBD INTERTM STATEMENT 0£' CBANGjZG IN £QIIzTY {tfN-AI/D1T£D)

FOR TBE XtNC MONTBS ENDED S£PIEMgER 30.20Z5

Share Capital

Revenue reserve

Retained eernlngi arising

trem businms other man panitipa•ns businoi attributable to the

$h8Xh0IHt•m {L8fi Of

Noncy Ceded io WaqF Fund





equity



Accumulated lossci

vndi«a #xn on available-For•saIe Jpy t@ iy ty p9

















Balance:sotJaouxry1,2024(*udit,d)















1W0t,720

74,z32



38.264

15.107





3#333

-



(1,7Gt,1J8)







5Q23

7J0QQQ





38,2m

5323



ASKARI LIFE ASSURANCE COMPANY LIMITED

CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025

Operating Cashflows

  1. Underwriting activities

    September 30, September 30, 2025 2024 -------(Rupees in '000)--------

    Insurance premium / contribution received

    2,190,962

    1,311,491

    Reinsurance recovery

    110,454

    Reinsurance payment

    (19,947)

    Claims paid

    (602,212)

    (416,399)

    Commission paid

    (473,328)

    (327,533)

    Marketing and administrative expenses paid (715,328) (527,278)

    Net cash generated from underwriting activities

  2. Other operating activities

Income tax paid

Other operating payments Gratuity paid

Other operating receipts

400,094

130,788

(19,628)

(7,376)

(29,768)

(22,637)

(2,934)

(1,821)

14,235

17,850

Net cash flow (used in) other operating activities (38,095) (13,984)

Total cash generated from all operating activities

Investment activities Profit received Dividend received

Payment for purchase of investments Proceeds from disposal of investments Addition to property and equipment

Proceeds from sale of property and equipment

361,999

116,804

176,289

189,549

926

2,655

(6,857,421)

(6,310,640)

6,401,610

5,902,375

(9,454)

(8,371)

375

172

Total cash (used in) investing activities (287,675) (224,260)

Net decrease in cash and cash equivalents

74,324

(107,456)

Cash and cash equivalents at beginning of the period

244,906

280,005

Cash and cash equivalents at end of the period

319,230

172,549

Reconciliation to profit and loss account

Operating cash flows

361,999

116,804

Depreciation expense on property and equipment

(6,454)

(6,395)

Depreciation on right of use asset

(10,526)

(10,563)

Profit on disposal ofproperty and equipment

217

62

Net realised fair value gain on financial instruments

47,615

49,533

Dividend and other investment income

177,702

226,619

Decrease / (Increase) in assets other than cash

122,224

(433,642)

Increase/ (Decrease) in liabilities

(671,330)

(8,163)

Net fair value gain on financial instruments at fair value

16,817

623

Profit / (Loss) after taxation for the period

38,264

(65,122)