Your Directors are pleased to present their report together with un-audited Six months Financial Statements for the period ended June 30, 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 of profit and loss account;
0 Condnsed interim statement of comprehensive income;
0 Condnsed interim statement of changes in equity;
0 Condnsed interim cash flow 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 June 30, 2025 is as follows:
(Unaudited)
Result of operating activites | 709,191,540 |
Profit before tax from Window Takaful Operations | 53,083,079 |
Profit before tax | 762,274,619 |
Income tax expenses | (214,860,191) |
Profit after taxation | 547,414,428 |
Other Comprehensive income | (3,924,506) |
Total Comprehensive income | 543,489,922 |
Unappropriated profit at beginning of the year | 981,814,058 |
Profit for the period | 547,414,428 |
Transfer to general reserve | (350,000,000) |
Unappropriated at the end of the period | 1,179,228,486 |
Gross premium | 4,698,585,566 | 3,558,580,472 |
Net premium | 3,246,171,302 | 1,900,933,377 |
Underwriting results | 521,722,572 | 359,215,197 |
Investment income | 338,897,745 | 309,763,729 |
Profit before tax (including Window Takaful Operations) | 762,274,619 | 592,059,960 |
Profit after tax (including Window Takaful Operations) | 547,414,428 | 428,317,709 |
Earnings per share - basic and diluted (Rupees) | 2.14 | 1.67 |
On behalf of the Board of Directors
Naved Yunus
Chief Executive Officer
Karachi : August 29, 2025
INDEPENDENT AUDITOR'S REVIEW REPORTTO THE MEMBERS OF EAST WEST INSURANCE COMPANY LIMITED REPORT ON REVIEW OF CONDENSED INTERIM FINANCIAL STATEMENTSIntroductionWe have reviewed the accompanying condensed interim statement of financial position of East West Insurance Company Limited ('the Company") as at June 30, 2025 and the related condensed interim profit and loss account, condensed interim statement of comprehensive income, condensed interim statement of changes in equity, condensed interim statement of cash flows and notes to the condensed interim financial statements for the six-month period then ended (here-in-after referred as the 'condensed interim financial statements'). Management is responsible for the preparation and presentation of these condensed interim financial statements in accordance with accounting and
reporting standards as applicable in Pakistan for interim financial reporting. Our responsibility is to express a conclusion on these condensed interim financial statements based on our review.
Scope of reviewWe conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of condensed interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
ConclusionBased on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim financial statements are not prepared, in all material respects, in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting.
Other Matter relating to comparative informationThe figures for the three months period ended June 30, 2025 and June 30, 2024 in the condensed
interim financial statements have not been reviewed by us and we do not express a conclusion on them
The engagement partner on the review resulting in this independent auditor's review report is Imran Shaikh.
Crowe Hussain Chaudhary & Co. Chartered AccountantsPlace: Karachi Date:UDIN:cssr wzst iNoJnAncc co*twxy uHrtso
coriDEn mxik sranHenz o+ nuancjar eosmon As xzaune aa, zozs
(*v‹me#)
78167$
i,23B,m*,@J
$3,48D,32I
37*@$z@
2,ss8.Z79,950
¥,566,267,133
*W. 6713
3,72g,g$0,3}9
2,@J,41g
18
19
Tgta| ¥dblbogs & fi Tail
c›+^ix›•^n cxzo zxmmvs ocricsa ozaeczog DzxccYok a+‹ez rznxuczct ocrscca
coxoExseo zmej+i ono+w airs caseaccount uuxuorrsoJ
EOI THE SIX his P aZW 0 THE gg, @Zg
Seas
I+ote
^•t u• arse aar s
z2 tqsaz,z›a,zao
‹zsz,wr,szs›
(ees,zzo,oea
« s,yiz,xu
o‹t'
••s
z7
‹asa,1e¥,easj
‹1s2,c6s,szs›
fez,zss,6sej
(e,a»,se‹›
UoJenwdtF'gnnuD sDH0I’S7z 359,J15197 **7s/Nm7 ' 7300%959
0.W
cme*sAn c+tier exectmvz OcFzcEx =accron ozneczoe a+leE rtxAftctnz omcm
me«eis a«aea nree «onth>nJ«ra 3o. Jvna ae, a•ne 3e, 3vna so,
M2S zo*4 ?n*c Mz
°›'•1a•+•c cxzrr rxecuzwe omsrk DzaecYoa oznecroe cuar rem orncEx
(I,MY,V,O37)
(I ?8,420,637}
did
Proceeds Tom safe of ‹nd
Rxed WW
17,*4J.S71
(73,9S6,AS2)
BORDERS ¥ TgRIH 9Taze+sr›cr or cas+‹ rIo¥/s {unsuorreoj
c+tsznuxc c›izer exrcunvE orrzcm ozneczoa ojazcroe c+izze rz ocrzc¥a
W,38,403
17,1$7,571
2,08g ,*82 10g gg0 749
225,223,y37
l z3J322,071
Msrwesr zxsuexno corjestzv uHzrso
oozes Jane conDu‹szo zcieaos rzn8xcrAc cTxnoEnzs(uru‹JomDj ro• TxE sex kom”ns ngRl0o zet0co Juae ze, zozs
a›mp es & nre ard popern', are, we are oar›sgon, mgimrs, rroter ard mccel e‹c.
m c°‹roav ca•° «< a wx›c>n›aw or•s ‹wroj may oa, zolB >s set-vritiard
EXcl¥snge Cmd d aki6n {SNCP) ful RR, 2o1Z.
M
-P& dMMimeQ of ñnanoa @6 Ddfi Pr@#uted n tfiese corxfi md mm he
tx¥m eXoaoed horn the 888N - finar*ozg starts uf the Ozrñpany far the year endeo 81 ’8’• when0as rha comparative conder eed ln0et1m profk end W dcomnt, condensed interim
Tits Q+rderlsed interim hnandd| Wemef¥s has been q@ presented In PaNstan Rd +r/1 ch é
< us oe ceTlualzs cno Juosr+Euzs
In o epafln9 DWSeendensed mm Ananoal staDmwend,# rig menb made@ mmc in
E ; ng*an0eguomeob our o
7 RISWTOPUSWor*&&rr6
az
az,sza
9.2
4T,0S*, *9 43, 0,3J7
-(# )Umlm$o4'›0'eval4edmaN‹mvm|*‹ e$0mated@A*.I.lomsbn()1 g2é: R 3 .smlmm) '
10.1
11.1
*
*
36,3K,N5*
H,W*,7]0 *7,4W,2O6
VU 1S,7B#.138
789,t64,7J9
W*,W5,W7
1
Otes
16.1
Unfeahzed loss at #@liable for sale
wortos' wafam r«r<>
can aa, inc m. mu sam so, 4ozS mm ao, us turi uatnl tu'i••aitoaj ( nomtt*dl (uii*miteaj
J,âss,ses,sss B,sse,sg0,4rz z,sa<.zos,os+ z,esz,BsB,7a
•,saz.oas,aze a,asr,szs,sc6 z,s3s,ezzecs 1,zo7,ss ,71a
3,*sc,zzz,aaz | i sae sz3,arz | z,eae,zae,ass | ez 7s‹ z+z |
i,roe,zes,aes | i,ma, zo;ui | ess,ezi,sez | l,na,i‹i,ym |
n »^'= - a• ig lszouss.a+sJ (sss,z‹s,ozaj ‹szo.ess,o+sj (‹ss,7<>
CIMGEXREHSE
oai'in p ia
i,szn,eoa,ro1 I ,ias,y6zI | ii i,ia3, its «xls,++s,zaz | i,ozi,aeg,yst tras*,zoz,aszj | aii,ioi,its facz,0zz,e›o |
F#8,S•tL$6]/W5JO,SB1 S›¥E,I,99S M'4,#*5#8 S,sS7,7 730 /9#4#K625 0WPzsMW$ ’ $13,917,90G
c•m'»•si‹n paia c• •›e • zJ›sz,sso,aza aes,w,J ssz,zee,asa w,e‹7,zro
124,60g,g07
m z,see,zez i,iss,zi3 z,Tss,esz i,an,em
we ^ss •- aii,zm,zas 7i,iio,esi ss.mi,eu sz,zya,sos
Pr avg & stay zz,zae,ecs s,w,sz1 s,saz,eee +,z+z,s‹7 am-e r•nt e1z,16* i,3 5,o6s fsot,4czJ (sro,ssrj EnNMeFlt V,%0%95B 176#,365 IAy*Am4T I0,6I6S29
andovbmoty
DMder+d In
3,M,221
ss<,ess,sss izz,zs,sJs es,aae,›ss sz,3ro,szo
isz,zsi,sts ns,an,s*s im,m,z+s il3,osi,ssi
I JM,51g |
aaa,aez,z Nos 3 zzs s ze,se-z ›s‹,zzruw
zs o»irk i«couc •••• fu•°•ait•aj ‹u•••ait•sJ fu•••ak•aj ‹u•••«w›
Gin ond of
others ¥,aoe,ooo 1 00o s,ooo,Ooo 1 0o0 be ezz;aañ" 18 527J88 zz,toz,aea 72 7ty 42y
35,48S,M8 49.t06,709
1 2 MS i§12#7 QI97 I 6,BV,$#2
•«xa*‹x i sa,es4,oo6 zosz,67s ›a,aze,ssz i,zaz,zzs
8ZZ,740
zaa,szs e ygio zos,szo 1o3,oBs saa,*seaot +z,oss,szs ss,zea,e+a °s,‹i+,s8s
t7M1E2 *,3G,sm
Csmmlsslon expense
fe•,s••,oz•7 nts›sw› (+z,asa,s4sj f^›,›ss.zz•›
1.67
D.24
as›
L
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
