Trabsmission of Quarterly Report for the Period ended March 31, 2025

Apr 30, 2025 at 6:48 AM UTC · Issued by East West Insurance Co. Ltd.

DIRECTORS' REVIEW REPORT TO THE MEMBERS'

Your Directors are pleased to present their report together with un-audited three months Financial Statements for the period ended March 31, 2025

The statistic covers the annexed Financial Statements of conventional general insurance and Window Takaful operation comprising:

0 Condnsed interim statement of financial position;

0 Condnsed interim statement profit and loss account;

0 Condnsed interim statement of comprehensive income;

0 Condnsed interim statement of changes in equity;

0 Condnsed interim cash flows statement;

0 Notes to the condnsed interim financial information;

We are confident that this information would adequately apprise the valued shareholders about the performance of their Company.

The financial highlight of the company for the period ended March 31, 2025 is as follows:

(Unaudited)

Result of operating activites	461,153,565
Profit before tax from Window Takaful Operations	26,188,145
Profit before tax	487,341,710
Income tax expenses	(30,225,891)
Profit after taxation	457,115,819
Other Comprehensive Loss	(1,154,962)
Total Comprehensive income	455,960,857
Unappropriated profit at beginning of the year	981,814,058
Profit for the period	457,115,819
Transfer to general reserve	(350,000,000)
Unappropriated at the end of the period	1,088,929,877

March, 31 2025 March, 31 2024

---------- (Unaudited) ----------

Gross premium	2,014,481,532	1,660,682,186
Net premium	1,356,402,686	928,178,630
Underwriting results	378,968,604	285,405,238
Investment income	156,419,238	114,993,477
Profit before tax (including Window Takaful Operations)	487,341,710	386,279,998
Profit after tax (including Window Takaful Operations)	457,115,819	366,164,507
Earnings per share - basic and diluted (Rupees)	1.79	1.43

On behalf of the Board of Directors

Naved Yunus

Chief Executive Officer

Karachi : April 29, 2025

EAST WEST INSURANCE COMPANY LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UNAUDITED) AS AT MARCH 31, 2025 March 31, December 31, 2025 2024 ASSETS Note -------------- Rupees--------------

Property and equipment	6	237,880,007	204,381,300
Right of use of assets		30,714,482	30,714,482
Intangible assets	8	781,477	787,678
Investment properties Investments	9	42,936,823	43,480,327
Equity securities	10	3,368,378,128	3,273,382,047
Debt securities	11	2,187,590,222	2,033,020,296
Term deposits	12	143,267,855	192,822,071
		5,699,236,205	5,499,224,414
Loans and other receivables	13	212,667,386	89,412,131
Insurance / Reinsurance receivables	14	1,394,691,433	1,238,391,691
Reinsurance recoveries against outstanding claims		1,014,707,361	1,094,761,982
Deferred commission expense		561,149,820	547,715,472
Prepayments	15	554,925,737	584,443,464
Cash and bank	16	126,101,333	102,233,412
Total assets of General Takaful		9,875,792,064	9,435,546,353
Operations - Operator's Fund		394,244,355	371,605,206
TOTAL ASSETS		10,270,036,419	9,807,151,559
EQUITY AND LIABILITIES Capital and reserves attributable to Company's equity holders Ordinary share capital		2,558,779,950	2,558,779,950
Reserves	17	1,479,506,427	1,130,661,389
Unappropriated profit		1,088,929,877	981,814,058
TOTAL EQUITY LIABILITIES		5,127,216,254	4,671,255,397
Underwriting provisions
Outstanding claims including IBNR		1,505,769,619	1,566,267,133
Unearned premium reserves		2,037,185,691	2,014,906,473
Unearned reinsurance commission		74,267,782	148,806,713
		3,617,223,092	3,729,980,319
Retirement benefit obligations		2,912,948	2,701,418
Premium received in advance		532,829	388,914
Deposits and other payable		409,893,894	417,805,153
Lease liablity against right of use of assets		40,585,104	40,585,104
Insurance / reinsurance payables		360,626,506	252,961,131
Other creditors and accruals	19	346,516,415	334,556,731
Deferred tax liability		37,799,591	38,524,189
Taxation - net		199,970,652	187,846,229
TOTAL LIABILITIES		5,016,061,031	5,005,349,188
Total liabilities of takaful operations		126,759,134	130,546,974
TOTAL EQUITY AND LIABILITIES		10,270,036,419	9,807,151,559
CONTINGENCIES AND COMMITMENTS	20

The annexed notes from 1 to 27 form an integral part of these condensed interim financial information.

CHAIRMAN CHIEF EXECUTIVE DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICER

EAST WEST INSURANCE COMPANY LIMITED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE PERIOD ENDED MARCH 31, 2025 March 31, March 31, 2025 2024

Profit after tax Other comprehensive income Items that may be reclassified subsequently to profit or loss account	457,115,819	366,164,507
Unrealised (loss) / gain on available for sale investments-net of deferred tax	-	38,233,346
Reclassification of loss included in profit and loss account	(1,154,962)	967,182
	(1,154,962)	39,200,528

Total comprehensive income for the period 455,960,857 405,365,035

The annexed notes from 1 to 27 form an integral part of these condensed interim financial information.

CHAIRMAN CHIEF EXECUTIVE DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICER EAST WEST INSURANCE COMPANY LIMITED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UNAUDITED) FOR THE PERIOD ENDED MARCH 31, 2025

for the period ended

	Note	March 31, 2025	March 31, 2024
Net insurance premium	21	1,356,402,686		928,178,630
Net insurance claims	22	(538,488,682)		(378,569,772)
Net commission	23	(242,692,836)		(122,743,704)
Insurance claims and acquisition expenses		(781,181,518)		(501,313,476)
Management expenses		(196,252,564)		(141,459,916)
Underwriting results		378,968,604		285,405,238
Investment income	24	156,419,238		114,993,477
Other income		2,875,017		5,759,962
Other expenses		(76,928,161)		(45,451,091)
Result of operating activities		461,334,698		360,707,586
Finance cost		(181,133)		(15,849)
Profit from takaful operations		26,188,145		25,588,261
Profit before tax		487,341,710		386,279,998
Income tax expense		(30,225,891)		(20,115,491)
Profit after taxation		457,115,819		366,164,507
Earnings per share - basic and diluted	25	1.79		1.43

The annexed notes from 1 to 27 form an integral part of these condensed interim financial information.

CHAIRMAN CHIEF EXECUTIVE DIRECTOR DIRECTOR CHIEF FINANCIAL OFFI

EAST WEST INSURANCE COMPANY LIMITED

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED) FOR THE PERIOD ENDED MARCH 31, 2025

Share capital

Reserves

Total reserves

Unappropriate d profit

Share Application money

Total

Issued subscribed and

paid-up

General reserve

Unrealized gain

on available for sale investment

------------------------------------------------------------------------Rupees ------------------------------------------------------------------------

Balance as at January 01, 2024	1,758,913,880	1,170,000,000	(78,458,067)	1,091,541,933	211,236,086	263,837,080	3,325,528,979
Total comprehensive income for the period
Profit for the period	-	-	-	-	366,164,507		366,164,507
Other comprehensive income	-	-	39,200,528	39,200,528	-		39,200,528
	-	-	39,200,528	39,200,528	366,164,507		405,365,035
Issuance of other than right shares	263,837,080					(263,837,080)
Balance as at March 31, 2024	2,022,750,960	1,170,000,000	(39,257,539)	1,130,742,461	577,400,593	-	3,730,894,014
Balance as at January 01, 2025 Total comprehensive income for the period	2,558,779,950	1,170,000,000	(39,338,611)	1,130,661,389	981,814,058	-	4,671,255,397
Profit for the period	-	-	-	-	457,115,819		457,115,819
Other comprehensive income	-	-	(1,154,962)	(1,154,962)			(1,154,962)
	-	-	(1,154,962)	(1,154,962)	457,115,819		455,960,857
Transfer to general reserve	-	350,000,000		350,000,000	(350,000,000)	-
Balance as at March 31, 2025	2,558,779,950	1,520,000,000	(40,493,573)	1,479,506,427	1,088,929,877	-	5,127,216,254

The annexed notes from 1 to 27 form an integral part of these condensed interim financial information.

CHAIRMAN CHIEF EXECUTIVE DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICER

EAST WEST INSURANCE COMPANY LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE PERIOD ENDED MARCH 31, 2025 March 31, March 31, 2025 2024 OPERATING CASH FLOWS

(a) Underwriting activities

Insurance premium received	1,833,954,078	1,362,607,219
Reinsurance premium paid	(474,244,899)	(334,457,951)
Claims paid	(853,827,862)	(620,278,848)
Reinsurance and other recoveries received	334,896,288	217,505,550
Commission paid	(469,494,210)	(434,443,070)
Commission received	138,077,856	125,107,865
Underwriting payments	(254,923,162)	(101,426,481)
Net cash inflows from underwriting activities	254,438,089	214,614,284
(b) Other operating activities
Income tax paid	(18,101,468)	(23,065,599)
Other operating payments	(166,539,331)	(156,024,222)
Net cash used in other operating activities	(184,640,799)	(179,089,821)
Total cash flow from all operating activities	69,797,290	35,524,463
INVESTMENT ACTIVITIES
Profit / return received	45,247,298	17,584,673
Dividend received	3,111,715	92,880,886
Other income received	2,221,634	5,759,962
Payment for investments	(1,208,745,352)	(104,575,759)
Proceeds from investment	1,103,529,983	3,321,708
Fixed capital expenditure	(43,016,863)	(46,766,971)
Peoceeds from disposal of fixed assets	668,000	-
Total cash flow from investing activities	(96,983,585)	(31,795,501)
FINANCING ACTIVITIES
Loan received from director Loan repaid to director Payment of finance lease	1,500,000 - -	- - -
Total cash flow from financing activities	1,500,000	-
Net cash used in all activities	(25,686,295)	3,728,962
Cash and cash equivalents at beginning of the period	295,055,483	338,938,660
Cash and cash equivalents at end of the period	269,369,188	342,667,622

The annexed notes from 1 to 27 form an integral part of these condensed interim financial information.

CHAIRMAN CHIEF EXECUTIVE DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICER

EAST WEST INSURANCE COMPANY LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE PERIOD ENDED MARCH 31, 2025
	March 31,	March 31,
	2025	2024
Reconciliation to profit and loss account
Operating cash flows	69,797,290	35,524,463
Depreciation expense	(9,509,724)	(8,307,235)
Amortization expense	(6,201)	(12,655)
Profit on disposal of fixed assets	653,383	-
Investment income	45,247,298	17,584,673
Dividend income	3,111,715	92,880,886
Gain on investment securities	77,176,824	-
Other income	2,221,634	5,759,962
Profit on takaful operations	26,188,145	25,588,261
(Increase) / Decrease in assets other than cash	(206,056,146)	(84,029,467)
Increase / (Decrease) in operating liabilities	448,291,601 281,175,619
Profit for the period	457,115,819 366,164,507
Definition of cash

Cash comprises of cash in hand, policy stamps in hand, bank balances and other deposits which are readily convertible to cash and which are used in the cash management function on a day-to-day basis.

Cash for the purpose of statement of cash flows consist of:

March 31, March 31, 2025 2024

Cash and other equivalents 2,775,723 748,772

Current and other accounts 123,325,610 190,918,850

Deposits maturing within 12 months 143,267,855 151,000,000

269,369,188 342,667,622

The annexed notes from 1 to 27 form an integral part of these condensed interim financial information.

CHAIRMAN CHIEF EXECUTIVE DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICER EAST WEST INSURANCE COMPANY LIMITED NOTES TO THE CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) FOR THE PERIOD ENDED MARCH 31, 2025

LEGAL STATUS AND NATURE OF BUSINESS
East West Insurance Company Limited (the Company) was incorporated as a public limited company in the year 1983 under the Companies Act, 1913, the shares of the Company are quoted on the Pakistan Stock Exchange Limited. The Company is engaged in the general insurance business comprising of fire and property, marine, aviation and transport, motor and miscellaneous The company commenced Window Takaful Operations (WTO) from May 08, 2018 as per Securities Exchange Commission of Pakistan (SECP) Takaful Rules, 2012.
GEOGRAPHICAL LOCATION AND ADDRESSES OF BUSINESS UNITS
The registered office of the Company is situated at 27, Regal Plaza, Jinnah Road, Quetta. The principal place of business is situated at Sarwar Shaheed Road, Lakson Square Building No. 03, 4th, Floor Karachi. The Company operates through 3(2024: 3) principal offices and 25 (2024:25) branches in Pakistan.
BASIS OF PREPARATION
1. Statement of compliance
  This condensed interim financial information is unaudited but subject to the limited scope review by the auditors and is being submitted to the shareholders as required under section 237 of the Companies Act, 2017 and the listing regulations of the Pakistan Stock Exchange.
  This condensed interim financial information does not include all the information and disclosures required for full annual financial statements and should be read in conjunction with the annual financial statements of the Company as at and for the year ended December 31, 2024 which have been prepared in accordance with approved accounting standards as applicable to insurance companies in Pakistan.
  This condensed interim financial information of the Company for the period ended March 31, 2025 has been prepared in accordance with the requirements of the International Accounting Standard 34 - (IAS 34): Interim Financial Reporting, provisions of and directives issued under the Companies Act, 2017, the Insurance Ordinance, 2000, the SEC (Insurance) Rules, 2017, Insurance Accounting Regulations, 2017 and Takaful Rules, 2012.
  In case where requirements differ, the provisions of or directives issued under the Companies Act, 2017, the Insurance Ordinance, 2000, the SEC (Insurance) Rules, 2017, Insurance Accounting Regulations, 2017 and Takaful Rules, 2012 have been followed.
  The comparative statement of financial position presented in this condensed interim financial information has been extracted from the annual audited financial statements of the Company for the year ended December 31, 2024, whereas the comparative condensed interim statement of comprehensive income, condensed interim statement of cash flows and condensed interim statement of changes in equity are extracted from the unaudited condensed interim financial information for the period ended March 31, 2024.
  In terms of the requirement of the Takaful Rules 2012, read with SECP circular 25 of 2015 dated 09 July 2015, the assets, liabilities and profit and loss of the Operator's fund of the General Takaful Operations of the Company have been presented as single line item in the condensed interim statement of financial position and statement of profit and loss account of the Company respectively.
2. Basis of measurement
  This condensed interim financial information has been prepared under the historical cost convention except for certain financial assets which are stated at fair value.
  This condensed interim financial information has been prepared following accrual basis of accounting except for cash flow information.
3. Functional and presentation currency
  This condensed interim financial information has been prepared and presented in Pakistan Rupees, which is the Company's functional and presentation currency.
USE OF ESTIMATES AND JUDGMENTS
The preparation of condensed interim financial information in conformity with the requirements of approved accounting standards as applicable in Pakistan requires management to make judgments / estimates and associated assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The judgments / estimates and associated assumptions are based on historical experience, current trends and various other factors that are believed to be reasonable under the circumstances, the result of which form the basis of making the estimate about carrying values of assets and liabilities that are not readily apparent from other sources.
Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
In preparing this condensed interim financial information, the significant judgments made by management in applying the Company's accounting policies and the key sources of estimating uncertainty were the same as those applied to the financial statements of the Company for the year ended December 31, 2024.
SIGNIFICANT ACCOUNTING POLICIES
1. The accounting policies and the methods of computation adopted by the Company in the preparation of this condensed interim financial information are same as those applied in the preparation of the preceding annual audited financials statements for the year ended December 31, 2024. During the period, the Company has changed its accounting policy with respect to subsequent measurement of available for sale securities as explained in note 5.2.1. Further, the Company has also changed its accounting policy with respect to presentation of financial statements and these financial statements have been presented in accordance with the revised format of financial statements as prescribed under the Insurance Rules, 2017 (as explained in note 5.2.2).
  Amendments to certain existing standards and new standards and interpretations on approved accounting standards became effective during the period either were not relevant to the Company's operations or did not have any significant impact on the accounting policies of the Company. During the period, the Company has changed format for preparation of its condensed interim financial information to comply with the requirements of the 'Insurance Rules, 2017' issued by SECP vide its S.R.O. 89(1) / 2017 dated February 09, 2017.
  March 31, December 31, 2025 2024 (Audited) ---------------- Rupees ----------------

PROPERTY AND EQUIPMENT

Opening balance as at	Note	204,381,300		168,190,006
Additions during the period / year
Owned Office premises		-		-
Furniture and fixtures		3,050,000		2,450,933
Electrical fittings and equipments		478,500		2,872,081
Computers		256,004		1,099,621
Office equipments		167,499		688,000
Vehicles		39,064,860		69,879,514
		43,016,863		76,990,149
Less: Written down value of assets disposed during the period / year	(14,617)		(6,235,507)
Deprecation charge for the period / year	(9,503,539)		(34,563,348)
	237,880,007		204,381,300

March 31, December 31, 2025 2024 (Audited)

RIGHT OF USE OF ASSETS Cost
Opening 30,714,482 34,600,805
Modification - 4,766,948
Depreciation for the period/year - (8,653,271) 30,714,482 30,714,482
INTANGIBLE ASSETS ---------------- Rupees ----------------
Intangible assets 8.1 76,477 82,678
Capital work in progress 705,000 705,000
781,477 787,678
1. Opening balance as at 82,678 1,736,980 Less: Amortization charge for the period/year (6,201) (1,654,302)
  76,477 82,678
INVESTMENT PROPERTIES
Invstment properties 42,936,823 43,480,327
1. Investment properties comprise of two properties having market value of Rs. 306.50 million as at March 31, 2025 (December 31, 2024: Rs. 172.50 million). Revaluation was carried out by the Company in the month of February 2025 amd March 2025. The valuation exercise was carried out by independent valuers M/s.Intikhab Alam & Company (Pvt) Ltd and M/s. Tahir Rasheed & Co (Private) Limited.
INVESTMENTS IN EQUITY SECURITIES
1. Investments - Held For Trading Market value as at March 31, 2025 Market value as at December 31,
  Listed shares 201,682,997 176,200,639
  Mutual funds 3,083,325,144 3,009,915,850
  3,285,008,141 3,186,116,489
2. Investments-Available For Sale

Listed shares 83,369,987 87,265,558

Total equity securities 3,368,378,128 3,273,382,047

11 INVESTMENTS IN DEBT SECURITIES - Held for Maturity
Government Securities 2,163,664,222			2,008,792,296
11.1 INVESTMENTS IN DEBT SECURITIES - Available for Sale
Others 23,926,000			24,228,000

Total debt securities 2,187,590,222			2,033,020,296
12 INVESTMENT IN TERM DEPOSIT RECEIPTS
Deposits maturing within 12 months- local currency 143,267,855			192,822,071
These represent Term Deposit Receipts (TDRs) with commercial banks carrying from 12.50% to 20.50% per annum (2024: 12.50% to 20.50% per annum).			markup ranging
13 LOANS AND OTHER RECEIVABLES
Unsecured - considered good Accrued investment income		25,516,182		38,249,850
Advances	13.1	134,431,489		17,887,847
Deposits		18,748,741		17,490,296
Other receivables		33,970,974		15,784,138
		212,667,386		89,412,131

13.1 This represents advances in the normal course of business which do not carry any interest / mark-

March 31, December 31, 2025 2024 Note (Audited) ------------------------ (Rupees) ------------------------

INSURANCE / REINSURANCE RECEIVABLES

(Unsecured - considered good)

466,667,547 -		289,464,719 -(3,468,541)
466,667,547		285,996,178
928,023,886		952,395,513
1,394,691,433		1,238,391,691

Due from insurance contract holders

Provision for impairment of receivables from insurance contract holders

Premium written off

Due from other insurers / reinsurers

PREPAYMENTS

Prepaid reinsurance premium ceded	554,658,603	584,176,330
Prepaid rent	30,000	30,000
Others	237,134	237,134
	554,925,737	584,443,464

CASH AND BANK

Cash and cash equivalents		2,775,723	7,005
Cash at bank
Current accounts		44,833,699	49,630,719
Saving accounts	15.1	78,491,911	52,595,688
		126,101,333	102,233,412

These include interest bearing accounts carrying interest rates ranging from 13.50% to 20.50% (December 31, 2024: 13.50% to 20.50% ) per annum.

17
	General reserve	1,520,000,000	1,170,000,000
	Unrealized gain / (loss) on available for sale investments	(40,493,573)	(39,338,611)
		1,479,506,427	1,130,661,389
18	LEASE LIABILITY AGAINST RIGHT OF USE ASSETS
	Present value of minimum lease payments	40,585,104	40,585,104
	Less: current portion of lease liabilities	(7,587,478)	(7,587,478)
		32,997,626	32,997,626
	Maturity analysis:
	Not later than 1 year	7,587,478	7,587,478
	Later than 1 year	32,997,626	32,997,626
		40,585,104	40,585,104

March 31, December 31, 2025 2024 Note (Audited) ------------------------ (Rupees) ------------------------

OTHER CREDITORS AND ACCRUALS

Sundry creditors		194,267,275	185,849,003
Commission payable		43,263,427	44,013,667
Federal excise duty		2,500,851	3,426,257
Federal insurance fee		991,025	1,375,879
Workers' welfare fund		88,631,634	88,631,634
Withholding tax		6,221,982	4,043,445
Unclaimed dividend		31,303	31,303
Due to director	19.1	10,608,918	7,185,543
		346,516,415	334,556,731

The amount of loan is payable to directors which is unsecured and interest free.

CONTINGENCIES AND COMMITMENTS
There is no contingencies and commitments as at statement of financial position date March 31, 2025 (December 31, 2024: Nil).

NET INSURANCE PREMIUM March 31, March 31, 2025 2024 ------------------------ (Rupees) ------------------------

Written gross premium	2,014,481,532	1,660,682,186
Add: Unearned premium reserve - opening	2,014,906,473	1,455,648,347
Less: Unearned premium reserve - closing	(2,037,185,691)	(1,465,896,277)
Premium earned	1,992,202,314	1,650,434,256
Less: Reinsurance premium ceded	606,281,901	587,608,739
Add: Prepaid reinsurance premium - opening	584,176,330	903,978,877
Less: Prepaid reinsurance premium - closing	(554,658,603)	(769,331,990)

Reinsurance expense 635,799,628 722,255,626

1,356,402,686 928,178,630

NET INSURANCE CLAIMS EXPENSE

March 31, March 31, 2025 2024 ------------------------ (Rupees) ------------------------

Claims paid	853,827,862	620,278,848
Add: Outstanding claims (including IBNR) - closing	1,505,769,619	1,214,338,818
Less: Outstanding claims (including IBNR) - opening	(1,566,267,132)	(1,281,908,861)
Claims expense	793,330,349	552,708,805
Less: Reinsurance and other recoveries received	334,896,288	217,505,550
Add: Reinsurance and other recoveries in respect
of outstanding claims - closing	1,014,707,361	863,077,870
Less: Reinsurance and other recoveries in respect of
outstanding claims - opening	(1,094,761,982)	(906,444,387)
Reinsurance and other recoveries revenue	254,841,667	0 174,139,033
	538,488,682	378,569,772
23 NET COMMISSION
Commission paid or payable	468,743,970	434,443,070
Add: Deferred commission expense - opening	547,715,473	322,829,742
Less: Deferred commission expense - closing	(561,149,820)	(321,377,996)
Net commission	455,309,623	435,894,816
Less: Commission received or recoverable	138,077,856	125,107,865
Add: Unearned reinsurance commission - opening	148,806,713	257,690,967
Less: Unearned reinsurance commission - closing	(74,267,782)	(69,647,720)
Commission from reinsurers	212,616,787	313,151,112
	242,692,836	122,743,704
24 INVESTMENT INCOME

Income from equity securities Held-for-trading

Dividend income	3,111,715	92,880,886
Gain / (loss) on disposal of securities	1,390,220	(3,288,572)
Income from debt securities	4,501,935	89,592,314
Held for Maturity Return on debt securities
Pakistan Investment bond Gop Ijara Sukuk Treasury Bills	31,814,095 -41,838,285	18,856,484 -5,337,241
	73,652,380	24,193,725

Available for Sale

	Gain on disposal of securites	3,417,323	-
	Term Finance Certificates	355,808	575,669
	Corporate Sukuk	343,727	590,256
		4,116,858	1,165,925
	Return on term deposits Net unrealized gains / (losses) on investments at fair value through profit or loss (held for trading)	1,778,784 72,369,281	41,513 -
	Investment related expenses	156,419,238 - 156,419,238	114,993,477 - 114,993,477
25	EARNINGS PER SHARE - basic and diluted

	for the period ended
	March 31,	March 31,
	2025	2024
Profit for the period	457,115,819	366,164,507
Weighted average number of ordinary shares of Rs. 10 each	255,877,995	255,877,995
Earnings per share - rupees	1.79	1.43

25.1 There is no dilutive effect on basic earning per share of the Company.

TRANSACTIONS WITH RELATED PARTIES
Related parties comprise of associated companies, entities under common control, entities with common Directors, major shareholders and key management personnel of the Company.
Transactions with related parties are carried out at arm's length prices except for compensation to key management personnel which is carried out on basis of employment terms and conditions.
The transactions with related parties are as follows:
Period ended March 31 2025 2024 Nature of relationship Nature of transaction Rupees Rupees Common directorship Investment in associated company - - Directors and Key Management Personnel Loan received from directors 1,500,000 -
Loan repaid to directors - -Remuneration paid 5,635,000 6,045,000
GENERAL
1. This condensed interim financial information was authorised for issue in the Board of Directors meeting of the Company held on April 29, 2025.
2. The figures for the quarter period ended March 31, 2025 have been rounded off to the nearest Rupee.

CHAIRMAN CHIEF EXECUTIVE DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICE EAST WEST INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2025 Operator's Fund Participant's Takaful Fund

March 31	December 31,	March 31	December 31,
2025	2024	2025	2024
(Unaudited)	(Audited)	(Unaudited)	(Audited)

Note -------------------Rupees------------------- -------------------Rupees------------------ ASSETS

Property and equipment	6	8,209,861	8,339,065	-	-
Investment property - at cost	7	28,348,430	28,707,271	-	-
Accrued investment income	8	2,388	21,221	10,073	34,831
Qard-e-Hasna to Participants' Takaful Fund (PTF)	9	37,150,000	37,150,000	-	-
Takaful / re-takaful receivables	10	-	-	534,743,412	483,394,165
Receivable from PTF	11	276,031,482	245,382,714	-	-
Retakaful recoveries against
outstanding claims		-	-	122,591,904	122,591,904
Taxation - payment less provision	12	-	-	50,244	32,612
Deferred wakala fee expense		-	-	77,344,980	90,641,456
Deferred commission expense	23	44,269,678	51,837,136	-	-
Advance against purchase of property	13	111,000,000	111,000,000	-	-
Prepayments	14	96,000	60,000	48,812,840	56,552,324
Cash and bank	15	136,516	107,799	3,818,890	1,294,773
TOTAL ASSETS		505,244,355	482,605,206	787,372,343	754,542,065
FUND AND LIABILITIES

50,000,000	50,000,000	-	-
265,269,596	239,081,451	-	-

Operators' Fund Statutory Fund Accumulated profit

Total Operaters Fund 315,269,596 289,081,451 - -

-	-	500,000	500,000
-	-	82,314,670	64,561,786

Participants' Takaful Fund Ceded money Accumulated surplus

Balance of Participant Takaful Fund		-	-	82,814,670	65,061,786
Qard-e-Hasna from Operator's Fund	9	-	-	37,150,000	37,150,000
LIABILITIES Underwriting provisions
Outstanding claims		-	-	146,752,248	146,752,248
Unearned contribution reserve		-	-	224,915,908	241,339,836
Unearned Re-takaful rebate		-	-	7,884,245	9,886,236
		-	-	379,552,401	397,978,320
Takaful / Re-takaful payable	16	-	-	8,849,487	6,420,142
Unearned wakala fee Contribution received in advance Payable to OPF	11	77,344,980 - -	90,641,456 - -	- -275,531,482	- -244,882,714
Other creditors and accruals	17	49,432,786	39,916,818	3,474,303	3,049,103
Taxation - net	18	30,773,962	30,781,293
Payable to East West Insurance Company Limited	19	32,423,031	32,184,188	-	-
TOTAL LIABILITIES		189,974,759	193,523,755	667,407,673	652,330,279
TOTAL FUND AND LIABILITIES		505,244,355	482,605,206	787,372,343	754,542,065
CONTINGENCIES AND COMMITMENTS	5
The annexed notes from 1 to 30 form an integral part o	f this fin	ancial information.

CHAIRMAN CHIEF EXECUTIVE OFFICER DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICER

EAST WEST INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR THE QUARTER ENDED MARCH 31, 2025 (Un-Audited) March 31 March 31 2025 2024 --------------Rupees-------------- Participants' Takaful Fund

Surplus for the period 17,752,884 14,453,143 Other comprehensive income - -

Total comprehensive surplus for
the period	17,752,884	14,453,143
Operator's Fund Profit for the period	26,188,145	25,588,261
Other comprehensive income	-	-
Total comprehensive income for the period	26,188,145	25,588,261

The annexed notes from 1 to 30 form an integral part of this financial information.

CHAIRMAN CHIEF EXECUTIVE OFFICER DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICER

EAST WEST INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS CONDENSED INTERIM PROFIT AND LOSS ACCOUNT FOR THE QUARTER ENDED MARCH 31, 2025 (Un-Audited) Participants' Takaful Fund March 31 March 31 2025 2024 Note -------------------Rupees-------------------

Contributions earned	20	119,478,959	93,487,684
Less: Contributions ceded to retakaful	20	(51,251,135)	(46,769,326)
Net contributions revenue		68,227,824	46,718,358
Retakaful rebate	22	8,041,109	6,696,500
Net underwriting income		76,268,933	53,414,858
Net claims - reported / settled	21	(58,545,418)	(38,968,206)
Other direct expenses		(2,160)	(4,987)
Surplus before investment income		17,721,355	14,441,665
Investment income	26	63,059	22,956
Less: Modarib share of investment income	26	(31,530)	(11,478)
Surplus transferred to accumulated surplus		17,752,884	14,453,143

Operator's Fund

Wakala fee	24	84,155,457	59,321,692
Commission expense	23	(55,680,175)	(31,576,968)
Management expenses	25	(3,109,433)	(2,872,379)
		25,365,849	24,872,345
Modarib's share of PTF investment income		31,530	11,478
Investment income	26	30,035	9,593
Rental income Other expenses	27	760,731 -	694,845 -
Profit for the period		26,188,145	25,588,261

The annexed notes from 1 to 30 form an integral part of this financial information.

CHAIRMAN CHIEF EXECUTIVE OFFICER DIRECTOR DIRECTOR CHIEF FINANCIAL OFFICER

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