IGI
Life
CS/PSX/SECP/2025/0037
The General Manager Pakistan Stoclt Exchange Stoc1‹ Exchange Building Stock Exchange Road Karachi-74000
Subject: Financial Results for the Quarter and Half Year Ended June 30, 2025
August 22, 2025
Form - 7
Dear Sir,
We have to inform yori that the Board of Directors of our' Company in their meeting held on August 22, 2025 at 03:30 p.in. at Lahore / via video-link, recommended the following:
CASH DIVIDEND:
NIL
- BONUS SHARES:
NIL
NIL
ANU OTHER ENTITLEMENT / CORPORATE ACTION:
NIL
- ANY OTHER PRICE-SENSITIVE INFORMATION:
NIL
The financial results of the Company are attached as Annexure 'A' to this letter.
The Financial Statements of the Company for the quarter and half year ended June 30, 2025 will be transmitted tlii'ough PUCARS in due course of time and shall also be made available on our website https://igi1ife.corn.pk/.
Y
S
Director | Director | Director | Director | Executive DirectorfHOD |
Company Law Division, | Enforcement Depfldlnent | Securities Market Di vision | Insmance Division | Offsite-II Department |
Securities and Fxcllniige | Securifies end Exchange | Securities and Exchange | Securities and Exchange | Supervision DivisJon |
Commission of | Commission of Pakistan, | Commission of Pakistan, | Commission of Pakistan, | Securities and Exchange |
Pakistan, Islamabad | Islamabad | Islamabad | Islamabad | Commission of Pakistan, |
Islamabad |
IGI USE INSURANCE LIMITED
Suite No. 701-713, 7th Floor, The Forum, G-20, Block 9, Khaya ban-e-3ami, Clifton, Karach i-7560O, Pakistan. UAN• (+92-21) 111-111-711 • Tel: (+92-21) 5S36OO4O • E-mail: vitality@igi.com.pk • Web: https://www.igilife.com.pk
IGI LIFE INSURANCE LIMITED
CONDENSED INTERIM STATEIVIENT OF FINANCIAL POSITION
AS AT JUNE 30, 2025
IGI
Life
ANNEXURE-A
Assets
(Un-audited) (Audlled)
June 30, December 31,
2025 2024
•- •-- Rupeos In 000 ---••---••
Piupul ty aid eguipn›eit
II tangible a»sets
livestments
listed secu/ilies
Gove nment secur ikes
36,823,952 | 34,641,439 | ||
Loans secured against life insurance policies | 186,G72 | 194,406 | |
Insurance / tahaful / relnsurance / retakaful receivables | 686,748 | 620,140 | |
outer loans and receivables | 559,319 | 639,709 | |
Taxation - payments less provision | 8d8,636 | 811,106 | |
Deferred tax asset - net | 4S4.952 | 459,761 | |
Prepaymenls | 132,743 | 133,017 | |
Cash and bauk | 708,008 | 898,096 | |
Total assets | 41,059.013 | 39.002,018 | |
Equity and llabllltlos |
Debl securities
288,552
12,587,714
23,943,158
293.080
369,431
227,337
377,007
t0,948,753 23,399,602
293,084
Capital and reserves attributable to Company's equity holders
Authorised share capital
(300,000,000 (Decembef 31, 2024: 300,000,000j ordinary shares of Rs. 10 each) 3.000,§00 3,000.000
Issued, suhscfibed and paid-up capital Ledger account C & D Uiappropriated piofif
Suiplus on revalue(ion of available for sale investi1enls - net
Total equity
Llabilltles
Insurance liabilities (including policyholders' liabilities
a/›d ledger accouiJl A & B] Outsiandin9 claims Retirement benefit obligatlons
Fremlum received in advance elnsurance / retak•‹ful payables ther creditors and accruals
ease liability against light-of-use assets
Total llabllltles
Total oquity and llabllltles
Gontinoencles and commitments
IGI LIFE INSURANCE LIk1ITED
Suite No. ROI-713, 7th Floor. The Forum, G-2O, Block 9, Khayaban-e-3ami, Clifton, Karachi-75600, Pakistan. UAN: (*92-21) 111-111-711 • Tel: (+92-21) 35360040 • E-maTT: vitality@igi.com.pk • Web: https://www.ig ilife.com.pk
1,705,072 1,705,672
(1,033,586) (1,050,831)
1,747,870 1,596,256
3G,507,326
665,847
13,938
143,300
3J5,2C5
950,048
22,379
20,948 27.48? 2,440,904 2,278,584
34,354,957
642,465
13,938
96,625
312,203
1,272,696
30,550
38.618,109 36,723.434
41,059.0J3 39,002,018
IGI LIFE INSURANCE LIMITEO
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE QUARTER AND HALF YEAR ENDED JUNE 30, 2025
IGI
Life
Half year endad Quarter endad
June 30, June 30, June 30, June 30,
2026 ..•.••••- RN @ | 2024 } §. ••/. | 2026 . •/// | 2024 § ..w // | |||||||
Gross pren lum / col lributlon revenue | 7,140,777 | 6,533,987 | 3,185,029 | 3,285,473 | ||||||
Less: premium / conlrihulion ceded to reinsurers / | ||||||||||
relaHaful operators | 243,037 | 193.222 | 119,803 | 95,630 | ||||||
Not premium / contrlbullon rovenuo | 6,897,740 | 6.340,765 | 3,085,226 | 3,189,843 | ||||||
Investment Income | 1,533,146 | 1,647,481 | 732,294 | 863,156 | ||||||
Net realised fair volue gains on financial assels | 417,293 | 292,787 | 400,949 | 232,174 | ||||||
Olher income - net | 68,267 | t25,522 | 27,170 | 35,448 | ||||||
2,018,706 | 2,005,790 | 1,180,413 | 1,130,778 | |||||||
8.916,446 | 8,406.555 | 4,225,639 | 4,320,621 | |||||||
Insurance benefits | 5,246,158 | 2.528,885 | 2,771,600 | 1,448,169 | ||||||
Racoveries from relnsurars / retakaful operators | (102,395) | (58.127) | (2J,908) | (36,990) | ||||||
Not Insurance benefits | 5,143,763 | 2,470,758 | 2,749.703 | 1,411,179 | ||||||
3,772,683 | 5,935,797 | 1,475,936 | 2.909,442 | |||||||
Change in insurance liabilities (older than | ||||||||||
outstanding claims) | ||||||||||
Acqulsitlon expenses | ||||||||||
Marketing and adminlst‹alfon expenses | ||||||||||
Other ex|›ense9 | ||||||||||
Total expanses | 3,525,128 | 5,782,768 | 1,329,454 | 2,818,865 | ||||||
247,555 | 153,029 | 148,482 | 90,577 | |||||||
Finance costs | 2,833 | 2,678 | 2,537 | 837 | ||||||
Profit beforo taxation | 244,7M | 150.350 | 143,945 | 89.040 | ||||||
Taxation | (75,803) | (45,098) | (45,09t) | (26,979) | ||||||
168,859 | 40f.2S2 | 98,854 | 62,661 | |||||||
2,034,000 | 4,433,716 | 577.733 | 2,068,724 |
919,902 | 847,975 | 465,471 | 491,154 |
566,035 | 496,285 | 283,755 | 2S6,592 |
5,191 | 4,792 | 2,495 | 2,395 |
Earnings per share-basic and diluted
IGI LIFE INSURANCE LIN1ITED
0. 5..8 . ....... ..
Suite No. 701 -713, 7th Floor, The Forum, G-20, Block 9, Khaya ban-e-3ami, Clifton, Karachi-75600, Pakistan. UAN: (*92-21a 111-III-711 • Tel: (+92-21) sszsOO 0 • E-mall: vitality@igi.com.pk • Web: vyV/w.igiIife.com.pk
IGI
Life
IGI LIFE INSURANCE LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE QUARTER AND HALF YEAR ENDED JUNE 30, 2026
Half year endod Quarter endad
June 30, June 30, June 30, June 30,
2026 2024 2026 2024
- -----Rupoas In 000----•--- ---•----Rupees In 000-•-----
168,859 | 105,252 | 98,854 | 82.661 |
(9,478) | 6,383 | 889 | (9.790) |
2,939 | (1,221j | (276) | 3,410 |
Piofil aftei taxalion
Other comprohenslvo Incomo
108,891 | 880,637 | 18,657 | 527,953 |
(118,369} | (874,254) | (17,758) | (537,743$ |
Change in unrealized gain on available-fur-sale financial assets
Change in insurance liabilities
Effect of taxaflcn
Othor comprohonslve (loss) / Income for tho period - net of tax
Total compreheoslvo Income for the period
TGI LIFE INSURANCE LIMITED
(6,539)
162,320
5,162
110,414
014
99,468
(6,380)
56,281
Suite No. 701-713, 7th Floor, The Forum. G-20, Block 9, Khayaban-e-kami, Clifton, Karachi-75600, Pakistan. UAN: (+92-21) 111-111-711 • Tel: (+92-21) 3536OOñO • E-mail: vitaliLy@igi.com.pk • Web: https://www.igilife.com.pk
IGI LIFE INSURANCE LIMITED
CONDENSED INTERIM STATEMEN T OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED JUNE 30, 2025
IGI
Life
Attribuleble to equity holders of the Company | |||||||
Shere capital | app oprlaled | Ledger C & 0 | WOtgI | ||||
Balance as at December 31, 2023 (audltod) Total comprohonsfvo fncomo
Prof‹ for ll4e t all year encled Jul e 30. 2024
Older comprehensive income for the half year ended June 30. 2024
•-.---•-.---..-.--Rupeesln'00O----- ----1,705,672 1.469,242 (1,ZO3,903j (24,53g) t,946,475
Balanco as at Juno 30, 2024 (un•audilod) Total comprohonsfvo tncome
Prcf I for Mae half year ended December 31, 2024
OU›er comprehensive income for the half year ended December 31, 2024
Approprlañoil of surplus from ledger D to Shareholder fund
Balance as at December 31, 2024 {audited) Total comprohonslvo Income
Prof I for ltle l1aIf year ended June 30, 2025
Olher cui'nprehensIva income for the half year ended June 30. 2025
Appropriation of surplus rrom ledge‹ D to Shareholder fuiJd
Balanco as at Juno 30, 2026 (un•audItedj
53.584 51,588
53,584 | 51,668 | 105,252 5,162 |
73.430 | 100.220 | 173,650 | ||
1.184 | 46,861 | 48,045 |
73,430 | 101,404 | as,asJ | z21,s9s | |
1,705,67a | 1.sha.256 | {‹,oso,salj | 27,487 | 2,2Z8.S84 |
30,854 137,995
120,750 (f20,75O)
1,705,672 1.747,870 (1,033.586)
g2 110,414
(6.539) 162.320
20,9d8 2.440,904
" This Includes ai amount of Rs. 50 million sel aside by the Company In rasqect of Ta¥aful operations '" This represents reserve appropriated to shareholders.
'" This balance 1s net of related change In insurance liabilities.
IGI LIFE TNSURA . LICITED
Suite No. 701 -713, 7th Floor, The Forum, G-20, Block 9, Khayaban-e-kami, Clifton, Karachi-75600, Pakistan. UANG (*92-21) 111-111-71l • T8l: (*92-21) 3S360O4O • E-mail: vitality@igi.com.pk • Web: https://www.igilife.com.pk
IGI LIFE INSURANCE LIMITED
CONDENSED INTERIM CASH FLOW STATEMENT (UN -AUDITED) FOR THE HALF YEAR ENDED JUNE 30, 2025
IGI
Life
Half yaar ended
June 30, June 30,
2026 2024
---------••Rupaes In 000-----•---
Underwriting activltlos
Premiums received nel of policy transfers
Reln6urance premium paid Claims pald
Surrenders paid
Reinsurance recovery received
CoMmission› paiu
Commission received
7.073,204
(280,765)
(1,474,000)
(3,919,087)
126,889
(465,796)
63,942
6,234,380
(336,996)
(749,725)
(1,718,419)
60,069
(409,263)
41,884
Net casñ Inflow from undarwr/tfng actlvltlas
Other operating actlvltles
Income lax paid
Marketing and adminlstralive expenses paid
Otler operative receipts Loans advanced
Not cash outflow on other operating activities
Total cash (outflow on) / inflow from all operattng ectlvltlos
1.124,387 3,121.930
(105,647) (72,985)
(1,113,g15) (873,702)
10,080 63,845
1C,850 6,702
(J.192,632) (876,140)
(68,245) 2,245,790
Investment activities Profil / returt received Dividend receI'ved Peymenl for investsents
Proce+ds from disposal of investments Proceeds from disposals of lixed assets Capital work In progress
Fixed capital expenditure
416,608
9,331
(65,405,317)
66,156.799
8,725
(44,740)
(66,626)
491,652
21,565
(22,528,416) 21,407,03g
15,106
(7,178)
(81,730)
Total cash Inflow from / (outflow on) from Invesllng activities
1,074,780 (681,962)
Net cash Inflow from all activities
Cash ai›d cash equivalents at beginning of the period
1,006,535
4,355,487
1,563,828
2902,409Cash and cash equivalents at end of the perlod
Reconciliation to the condensed Interim proflt and loss account Operating cash (oilflows) / inflows
gJ+ ^ GB reclation aid amorllsalion expenses on dlsposal of fixed assels
zp se / (decrease) in assels other than cast
kf'/v1 se in liabilities
stnentincome
rofit received on bank depcsils
Profit after taxation
iGl LIFE kgsuRAnCE L«•«zeo
5,362,022 4,486,237
(68,245) 2,245,790
(57,594) (57,704)
8,592 7.582
71,404 (18,951)
(1,776,308) (4.914,692)
1,950,439 2,793,734
40,479 49,493
6 859 5 2 2
Su!te No. 701 -713, Cth Floor, The Forum, G-20, Block 9, Khayaban-e-gami, Clifton, Karachi-75600, Pakistan.
UAfiI,• (+92-2J] JJ}-J}1 7JT • TeT• (•92-2J) J5360O4O • E-mall: vitality@igi.com.pk • Web: https://www.igilife.com.pk