Century Insurance Co., Ltd.PSX: CENI

Financial results for the half year ended 30 june 2025

· Issued by Century Insurance Co., Ltd.

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:

  1. Statement of Financial Position;

  2. Statement of Changes in Equity; and

  3. 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 ended

June 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' Capital

share 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 equity

Final 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

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