LAKSON SQUARE. BUILDING NO. 2, SARWAR SHAHEED ROAD, KARACHI-74200, PAKISTAN.
20 August 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road K.arachi
Dear Sir,
FI NANC IA L R ESU LTS FOR TH E HALF Y EAR FN DED 30 IU NE 2025
We have to inform you thai the Board ct' Directors of the Company in thcir meeting held on Wednesday, 20 August 2025 at 04:00 p.m. at the Resistered office of ttie Company at Lakson Square, Building No.2, Sarwar Shaheed Road, K.arachi considered and approved the un-audited financial statements duly reviewed by the auditors of the Company for the half year ended 30 June 2025.
The following financial statements of' the Company are attached:
l. Statement of Profit or Loss Account and Comprehensive Income:
Statement of Financial Position;
Statement of Changes in Equity; and
Statement of Cash Flows.
The Half Yearly Report of the Company for the period ended 30 June 2025 will be transmitted through PUCARS separately, within the specified time.
Kindly acknowledge. Yours faithfully, y *"^
For CENTURY RA ONIP ANY RtM ITED
(MAN R
Company cretary Enc1. As above.
CC to: The Executive Director/HOD Offsite- II Department, Supervision Division,
Securities & Exchange Commission of Pakistan, 63, NIC Building,
Jinnah Avenue, Blue Area. Islamabad.
Phone : 92-21-3840 0000 Fax : 92-21-3568 3410 & 3568 4336
LAKSON SQUARE, BUILDING NO. 2, SARWAR SHAHEED ROAD, KARACHI-74200, PAK1STAN.
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)
FOR THE THREE AND SIX MONTHS PERIOD ENDED JUNE 30, 2025 Three months period ended Six months perie•4 endedJune 30, | June 30, | June 30, | June 30, | |
2025 | 2024 | 2025 | 2024 |
- ------------------ ----- (Rupees) ---------------------------------
Net insurance premium | 367,232,483 | 323,276,259 | 765,640,949 | 638,969,673 | |||
Net insurance claims | (212,803,258) | (170,752,212) | (417,971,368) | (355,590,215) | |||
Net commission and other acquisition costs | 24,992,881 | 20,058,588 | 43,882,657 | 38,2l6,4J8 | |||
Insurance claims and acquisition expenses | (187,810,377) | (150,693,624) | (374,088,711) | (317,373,737) | |||
lvlanagement expenses | (134,137,237) | (122,6 I 8,488) | (279,147,065) | (243,182,002) | |||
Underwriting results | 45,284,869 | 49,964,147 | 112,405,173 | 78,413,934 | |||
Investment income | 151,343,617 | 176,637,385 | 247,572,554 | 295,155,862 | |||
Other income | 8,l75,850 | 14,577,018 | 14,614,836 | 35,110,087 | |||
Other expenses | (8,414,462) | (4,451,093) | (13,190,720) | (7,882,256) | |||
Results of operating activities | 196,389,874 | 236,727,457 | 361,401,843 | *400,797,627 | |||
Finance costs - lease liabilitiés | ( I,630,650) | (2,484,092) | (3,368,668) | (3,41 4 092) | |||
Share of profit of associates Profit from Window Tâkaful Operations Operators Fund | 1,060,793 30,736,581 | 4,375,244 33,600,056 | I ,288,958 43,719,657 | 4,375,244 48,039,480 | |||
Profit before tax | 226,556,598 | 272,218,665 | 403,041,790 | 449,798,259 | |||
Income tax expense - current - tax | (78,205,397) | (92,060,117) | |||||
deferred (7,298,188) | (8,164,552) | ||||||
(85,503,585) | (100,224,669) | (153,076,089) | (160,150,489) | ||||
Profit after tax | l4l,053,013 | 171,993,996 | 249,965,701 | 289,647,770 | |||
Earnings per share - basic | 2.55 | 3.11 | 4.52 | 524 | |||
(141,589,175) | (163,722,011) | |
(I 1,486,914) | 3,571,522 |
Phona . g2-21-3840 0000 Fax : 92-21-3568 3410 & 3S68 4336
LAKSON SQUARE, BUILDING NO. 2, SARWAR SHAHEED ROAD, KARACHI-74200, PAKISTAN.
CONDENSE D INTERIM STATEMENT OF CONIPREHENSIVE I NCO ME (UN-AUDIJ'ED)
FO R THE THREE AND SIX N4ONTHS PERIOD ENDED JUNE 30, 2025
(13,915,118) (5,607,385) | 862,165 (11,219,74 I ) | (9.7 I 7,534) (6,913,090) | (S,046,712) ( I 3.15.75S) |
Th ree months period end cd Six months period ended
June 50, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |||
- | (Rupees) | |||||
Pi'oiit for ihe period | 141,053,013 | 171,993,996 | 249,965,70 1 | 259,647.770 | ||
Other comprehensive income | ||||||
ltem to be reclassified to profii and loss | ||||||
account in subsequent period : | ||||||
Unrealized (diminution) / appreciation on 'available for sale' | ||||||
investments - nct of tax | ||||||
Reclassi fication adjustment for net gain on | ||||||
available for sale investments included in profit and | ||||||
1r›ss account - net of tax | ||||||
(19,522,423) | (10,357,576) | (16,630,624) | (1 8,! 95.470) | |||
Uni calizcd (diminution) / apprcciation 'availablc for sale' | ||||||
investments ot' Window' Takatiil Operations - net of' tax Reclassification adjustment for net gain on | (8,271,369) | (5,673,586) | 206,807 | 71.4 2S | ||
availahle for .sale investments of Window Takatul | ||||||
Operation - net of tax | (5,3 l 1,952) | (3,354.466) | ||||
(8,271,369) | (5,673,586) | (5,105.145) | (3,283.038) | |||
- there in other comprehensi'e income of an associate - net of tax | I S1.292 | 181.2')? | ||||
Total comprehensive income fo r the period | 113,259,221 | 156,144,126 | 228,229,932 | 268,350,504 | ||
Phone : 92-21-3840 0000 Fax : 92-2t -3568 3410 & 3568 4336
LAKSON SQUARE, BUILDING NO. 2, SARWAR SHAHEED ROAD, KARACHI-74200, PAKISTAH.
CONDENSED INTERIM STATENfENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
(U•-audited) lone 30,
2025
(Audited) {Audited)
December 3I, December 3I, 2024 2023
Property 8nd equipment
In vesnnent in associates Investments
Equity secuniies Debt securities
loan and otha receivable Insurance / rcinsumnce receivable
Rclnsur8rtce recoveñes aha nst outstanding claims Salvage recoveries accrued
Deferred commission apense
Deferred taxation
Retirement benefits obligation
Cash and bank
Total assets of Window Takaful Operations - Operaior'x mind
76.062,457
1,282,857,068
2,016,502,481
104,292,957
1,035,3?8,563
I 20,370,086
5,941, I89
34,993,314
16,693,161
327,JS,3L
425,227,242
5,605,336,946
2S8,302,P03
54.2â0
77,630.7?9
1,2 l0,8S7.038
2, I I 1,443,916
105,215,77 J,006,520,48S 187,320,804
5.675,536
44,220,466-
18,755,863
345,209,637
265,532,244
5,544,339,379
303,980,6â2
100.890,?07
747.250
71,966 924
941,604.126
1.851,301,049
9S,P/5,373 •
822.04 J,695
93,807,623
2.783,000
32.747,815
1.'?4 j.7g I I 4,059,440
280,250,689
436,347,757
4,848,6-47,029
223,531,34:i
Total assets of Window Takaful Operations - Participants' Trim rand
600, I 16,62z 537,064,080
332,385,630
Total Asstts
Eqoity and Liabilities
Aithonzed shire CB T£BT
I 20.000,000 Ordinary share of Rs. 10 each (70,000,000 Ordinary share of Rs.10 each)
Capital and reserves attributeblfl to CompAny's equity holders
Ordinary share capual
, Share premium Rcsei-yes
6,463,656,47 I
1.200,000.000
" 553,264,840
254,024,260
289,659,908
6,385,384. ll I
7OO,OO0.OOO
'53,264,840 234,024,260
31 I.39S,677
5,404,S85,?24
VOO0OO.000
553.264.840
251,024.260
2 I6.463.724
Unappropnnted profii
2,062,046,767 2,144,039,986
I.799,11 5.078
Total Equity
Liabilities
Underwriting Provbloni Outstanding claims including IBNR
Unearned premium reserve Unearned reinsurance commission Deferred taxaion
Premiums reccive‹t io advance insurance reinsurance payables Other creditors and accruals Taxation - provision less payments Totel Liabilities
Tout liabilities of Window TakanJ Operations - Operator's fInd
Touil liabilities ard ñtnd of Window T8k8ful Opcraions - Participants' TakaAil Fund y
Total Equity an4 Liabilities
3,isg,s9s,77s
a02,606,377 | 437,T 37,544 | 397,707,548 | |
t.020.657.066 | I ,032.331,239 | 816,790,202 | |
60.985.944 | 68.65 l,f4 I | 33,028,033 | |
6S,847,86T | ñ0,901,840 | ||
4,8I3,64$ | s,000,978 | 7,2G0,474 | |
683,106,412 | 561,065,557 | 393,49 I ,?54 | |
260,t?2,352 | 226,8'i9,797 | T64,448,544 | |
_ 89,'764,37O | I 36,226, l66 |
2,589,582,392 j4,96t,682 0,116,622
@ 6'i6,471
3,262.724,763
2,481,912,886
I03,682,382 'i37,064,080 6,385.384,1! 1
2,823,0G7.902
2, j68,953, 131
80, I 77,54 ]
332,386,630
5,404.585,224
Contingentio and Commitments e
I "If '
Phone : 82-21-3840 a & 3568 4336
'O¥
LAKSON SQUARE, BU1LDING NO. 2, SARWAR SHAHEED ROAD, KARACHI-74200, PAKISTAN.
CONDENSE D 1biTERlM STATEMENT OF C£tANGES 1f'i EQUITY (Uf'i-xUDIT 8D) FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2025
Attribui8b le t0 ct}uitY h0fde re Of the Ij0m pany
Ordinary' Capitalshare cap tal reserves
Revenue reserves
h'
subscribed General reserve
and [iai4-up '*
(diminuHon)
investments
Unappr0priete Toral
d prniR
---- ------------------ ----- (Rupees) ------- ---------------------------------------------
Bnlqnce as at January 0I , 2024 (Audited)
553,264.840 254,024.260 1 i 9,000.000 97.463.724 1.799,315.078 2.823.067.9*i2
TotBl co-prehensive inco-e For the period ended Junc 30,2024 Profit for the penod
Other comprehensive income
Share in other comprehensive income of an associate Unrealized diminution on 'available for sale investments (including Window Takaful Operations) - net of tax Reclassification adjustment for net gain on available for sate investments included in profit and loss account
- (4,975,284)
289.64y.7?0 *89.dJ 7 .77fl"
181,292
(4,975,284
(including Window Takaful Operations) - net of tax
Total comprehensive income
Transactions with owners recorded directly in equiiy Final cash dividend of Rs.4.5 per share
for the year ended December 3 i, 2023 Balance as at June 30, 2024 (in-audited) Balance as at January 01, 2075 (Audited)
t! 6,503,224) - t I €.5^3.** (21,478,508) 289,829,062 268,350.554
(248,969.420) (248,969.420)
553,264,840 254,024,260 119,000,000 7S.985J 16 1,840,174,720 2,842,449,036
553,264,840 254,024,260 119,000,000 192,395,677 2,144,039,986 3,262,724,763
Total comprehensive income for the period ended June 30, 2025
Profit for the period
Other co-prehensivc income >
Share in other comprehensive income of an associate Unrealized diminution on 'available for sale investments (including Window Takaful Opemtions) - net of tax Reclassification adjustment for net gain on available for saie investments included in profit and loss account (including Window Takaful Operations) - net of tax
(12,225,042)
24'-/,965,?0 I
24?.06S.70 I
{ 1 2,225 O42
Total c0mprehertsive income
Transacti0ns with owners recorded directly in equityFinal cash dividend of Rs.6 per share for Lhe year ended December 31, 2024
Balance as at June 30, 2025 (Un-audited)
(21.735.769) 249.965.70 I 228.229.932
553,264840 254024260 Il90O0000 1†00S9908 20620467é7 3!S899S775
Phone : 92-21-3840 00O0 Fax : 92-21-3568 3410 & 3S68 4336
LAKSON SQUARE, BUILDING NO. 2, SARWAR SHAHEED ROAD, KARACHI-74200, PAKISTAN.
CONDENSED IiNTERIM STATEMENT OF CASH FLOWS (UN-A TJDITED)
FOR THE SIX tftONTHS f•ERIOD ENDED JUiNE 30, 2025
Operating cssh flows
(g) Underwriting aCtiyitie8
(Un-audited)
June 34, June 30.
2025 2024
------ (Rupees) ----------
Reinsurance premium paid Cl aims paid
Reinsurance and other recoveries received
Commissions received
Net cash generated from underwriting activities
(b) Other operating acrivirics Income tax pcid
Other operating{gayrncnts}/ receipt
Net cash used in orher operating activities
Totgl cash generated From gll opergtiztg eCrivities
Invue€mentgcGviGg Profit / return rccei vcd Dividends received
Mroceeds hmm disposal ot in vesonenis Fised capital expendinire
Proceeds from sale of property ana equipment Total cssh generated from investing activities
Diwdcnds paid
Dividends share received from operator funds
Net eesli generated from all activities
Cash and cash equivalents at beginning of the period Cgsh end eesh equivalents a‹ eud of the period
Rcconcili ation to profit 4nd Rosa account
Operating easlt flows
Depreciation / emonisation expense
Profit oi disposal of property all equipment
Profi on di spoeal of' investments
Dividend income
(Dccrc8ge) / Increase in assets oiler titan cash Increase in I›abilittcs otAcr than running finance Profit From Window Taksful Operations
1,276, 710,307
(245, 20 f,415)
(609,149,756)
ti0,966,498
(39382,887) 40,0N3â8 (297181j41) 236,769,764
( I 23,337,094) I I â.4â2,670
( l,663,S 80,949'
1.821.693,988 ( 12.4â?.801)
2,744.500
307,604,668
(33O,S I4,'7O7
78,620.893
(9,448,528,
(26 I ,343,340)
26S,332,244
425.027,242
115,432,670 tl1,177,375)
I 668,720
55,)26,983
197,357.321
(38,606,380)
( 108, t03,343)
976,764,008
(649,219,987)
(S05.828.796) 307,244,â88 (43,370,197)
276,274,880
(24 I,'i41,75d)
t0.322,340
(â0.521.329)
69,801,21 1
176.680,480
10,237.950
(2.849.306.549.
2.927.990.086
(24.333,864)
4, l'i8,124
243,404,227
(247,938,423)
(8,85S,944)
(256,794,367)
58,41 1,071
436, t47,757
494,558.828
69,80 I, 211
(8,657,960)
39,516
37.019, 676
8,238,337
271. I64*768
(89,214,333)
(48.047.728) 29,3f)4,0R3
289.647.770
Phone : 92-21-
§@ -3568 3410 & 3568 4336
