United Insurance Co. Of Pakistan Ltd.PSX: UNIC

Financial Results for the Quarter Ended 30-06-2025

· Issued by United Insurance Co. Of Pakistan Ltd.


PAKISTAN

R/ UIC/4846/ 25

August 16, 2025

The General Manager Pakistan Stock Exchange Ltd. Pakistan Exchange Building Stock Exchange Road KARACHI.

Dear Sir,

UNITED INSURANCE

Company of Pakistan Limited

A Member Company of United International Group

Through Pucars

FINANCIAL RESULTS FOR HALF YEARLY ENDED JUNE 30, 2025

We have to inform you that the Board of Directors of our Company in their meeting held on Saturday, August 16, 2025 at 02:30 p.m at the Head Office of the Company, situated at UIG House, 01-Upper Mall, Lahore has recommended the following:-

  1. INTERIM CASH DIVIDEND NIL

  2. BONUS SHARES

    NIL

  3. RIGHT SHARES

    NIL

  4. ANY OTHER ENTITLEMENT/CORPORATE ACTION MIL



  5. , ANY OTHER PRICE SENSITIVE INFORMATION NIL



REGISTERED OFFICE

Suite # 204, 2nd Floor, Madina City Mail, Abdullah Haroon Road. Saddar, Karachi - 00.

Tel.:l ') ofi62l 'JO-8l

( ?2 1 ) 35221803

Web : ww'v.I. .cuni' " su in .‹ ›rn

Email : in ›% euni!edinsura. ‹



ya

uert ficate No 13652



UNITED INSURANCE

C ornpany of Pakistan Limited

A Member Company of United lntemation£ IGroup

The Financial results of the Company for the hall year ended are attached as Annexure



The HaU Yearly Report of the Company for the period ended June 30, 2025 shall be transmitted through PUCARs separately, within the specified time and shall also be made available on Company website https://www.theunitedinsurance.com.



Yours Sincerely,

Syed Muhammad Tari abeel Jafri " ' ' Company Secretary

Copy to : The Executive Director / HOD Offsite - II Department Supervision Division

Securities and Exchange Comnussion of Pakistan

63, NIC Building

Jinnah Avenue, Blue Area Islamabad





REGISTERED OFFICE Tel. Web

Email



rHr UNITED INSURANCE COM I'ANY OF PA KISTAN LIM ITED

Un-Audited

CONDEN5iED 1NJ'ER1M PROFI'F AND LOSS ACCOUNT FOR THE .$JX JYIONTHS PERIOD ENDED JUNE 30, 2025

Three Months Ended June 30,

Six Months Ended June 30,

2025

Note Rupees

2024

Rupees

2025

Rupees

224

Rupees

Net insurance premium

Net insurance claims

Reversal / (provision) of premium deficiency reserve

Net commission and other

9 965,755,227 768,755,496 2,125,379,921 1,865,010,250

19,297,327

(46,907,504)

(131,457,975)

(303,957,684)

(35,8 I0,828)

(40,543,540)

(35,810,828)

(23,610,399)

(41,467,370)

63,210,320

(97,549,508)

(66,353,155)

10

acquisition costs 1 I

Insurance clairrts and acquisition expenses (57,980,871) (24,240,724) (264,818,311) (393,921,238)

Management expenses (359,216,162) (382,537,090) (732,573,239) (663,575,488)

Underwriting results

548,598,194

361,977,682

1,127,988,371

807,513,524

lnveslinent (loss) / income

1 2

(321,524,810)

32,401,057

(286,271,476)

68,894,918

Rental income

549,946

629,145

1,242,007

1,258,290

Other income

20,612,280

45,456,794

42,047,266

72,549,025

Other expenses

(4,041,675)

(1,559,539)

(16,956,929)

(13,864,534)

Results of operating activities

244,193,935

438,905,139

868,049,239

936,351,223

Finance cost

(4,811,208)

(1,542,849)

(9,530,863)

(2,403,742)

Profit from Window Tiikafiil

Operations - Operator's fund

7,673,847

6,097,453

76,792,158

10,363,430

Profit for the period before

247,056,574

443,459,743

935,310,534

944,310,911

income tax expense

Income tax expense

13

(141,483,630)

(159,306,276)

(306,664,580)

(280,769,40 1)

Profit for the period

l 05,572,944

284,153,467

628,645,954

663,541,510

Earnings per share

- basic and diluted

0.25

0.82

1.73

1.82

The annexed notes form an integral part of these condensed interim financial statements.

Chlef Executlve Officer

Director Chief Plnanclal Officer Dlrector

Chalrman



for & on behalyof



Thr United fnsureace Co. of Paktstan Ltd.

SP. Tariq Nabe Jafri Co pany Secre rv,



'I'I I E UiNITE D INS URANCE COMPANY OF I'A1€lS"I"AN LI NIITE D CON 13EMS ED INTE It I M STA TEM ENT' OF' FI N ANCI A L POS ITION AS AT' JUNE 311, 2112S



Un-Audited Audited

J iine 30, 2025 December 31, 2024

Noir Rupees Itupees

Pr‹i|ierty ancl ec)tiipiiieni

3

2,080,708,475

2, 152,859,824

Intangible assets

4

69,475,333

60,362,6C3

Jnvestrrien I propc•rty

In vestiiienls in ‹Associate

5

533,1 S 1,692

487,242,289



Equity securities



4*1,109,807

47,533,944

Debt securities



774,2°9l,916

76J,Sl6,220

'I'ei rn deposits

6

695,92J,999

759,724,099

Total assets of W inflow Takaful Operations - Operaitir's l'viiiil

61(1,120,759

672,721,167

1.oans and other receivables

7

3,4G 1,554,551

2,352,992,076

Insurance / rciiisvu ance receivables

2,620,149,703

3,167,118,509

Prepaicl reinsurance pi'eniiinn ceded

9

2,173,22 1,837

2,201,927,799

IteinsuraHce recoveries against outstanding claims

10

2,170,01 1,841

2,054,543,854

'

Deferred commission expense

11

429,889,847

518,677,288

C'asli and bank balances

809,181,442

812,964,757

J'otal Assets

1.6.477.122.232

16.053.484.489

Etpiity and Liabilities

Capital and reserves attributable to the Company's equity holders

Ordinary share capital

4,161,000,000

S,467,500,000

,

Capita 1 reserve

- fair value reserve

(14,387,497)

(9,770,564)

'

Revenue reseryes

480,504,892

480,504,892

1,453,724,568

1,497,796,503

  • General reserve

  • Uiiappropriated pi ofit

1,934,229,460

1,978,301,395

Total Eg nity

6,080,841,963

5,436,030,831

Surplus on rcvaluatioii of' property ancl equipment

572,597,505

585,274,592

Liabilities

Total liabilities ‹›f W inclow Takafiil Operations - Oper‹itor's fund

445,040,564

446,620,165

Outstanding claims including IBNR

10

3,01 l,ñ91,926

2,987,594,705

Unearned preinitun reserve

9

2,G47,468,5 12

3,051,984,016 ,

Premium deficiency reserve

35,810,828

Uncameil reinsuriince coniinissitin

1.1

244,166,630

303,934,298

Deferred taxation

229,559,227

229,.372,900

Bon owings

ls8,393,903

l8?',844,795

Insurance / reinsiu‹iiice p‹iyables - Due to insurer.'i/re-insurers

993,640,415

l,009,858,9g9

tether cieJilors and acci uals

8.14,679,122

830,912,661

Taxation - r•'ovisionless ])ayincnl

1,213,231,637

987,756,537

Total Lial›ilities

9,823,682,754

10,032,179,066

Total Equity and Liabilities

Commitments

S

Underwriting provisions





Chief Executive Officer Director C£iel' Financial Officer Director Chairman

Certified T'rue Copy' for & on behalf of

The United Laurence Co. ofP•kt•ian LtiL

Company 5ecr ary



TfIE UNITED 1 NSURANCE COM PANY OF I'AK ISTAN UM ITED CI)NDENSkD INTERIM STATEMENT OF COMPREHENSIVE INCOME FfiR THE SIX MONTHS PERIOD ENDED 0 UNE 30, 2025

Un-Audited

Three months ended Six months ended Jtine 30, Jnne 30,

2025 2024 2025 2024

Rupees Rupees Rupees Rupees

Profil for the perioil 105,572,944 284,153,467 628,645,954 663,541,510

Other comprehensive income / (loss) for the period:





Unrealized inco»ze / (loss) on revaluation of iivailable for sale investments-net off defcrrc4 tax

Share of other comprehensive incoine/ (loss) from Window Takaftil Operations:

Unrealized incoiiie / (loss) on revaluation of available for sale investments-net off tleferred tax

Other ilems

Reclassification adjustments relating to available for sale investments on disposal -net of deferred tax



(1,280,245)

3,343,127

(2,326,027)

(925,306)

(I,715,890)

983,084

(1,715,890)

921,612

(595,944)

2,146,890

(575,016)

2,146,890

,





(3,592,079) 6,473,101 (4,616.933) 2, I43,196

3"olal comprehensive income for the period 101,980,865 290,626,568 624,029,021 665,684,706 , 2"lie annexed notes fonn an integral part of these condensed interim financial statements.

"Chief Executive Officer Director Chief financial Officer Director Chairman



ee/la/rf

etas



1'H E IJ h I"FE£i I NS U RANCE COM I'ANY OF PA K I$TAN 1 IM1'FED CONDENSED INT"1‹R1M CAsH rLoW ss ATEM EN'i

FOlt 'FH E SIX IYIONTHS PERIO D ENDED J U N E 311, 2025 '

Six Months Ended 3une 30,

2025 2024

Rupees Rupees

Oyeratiiig cnsh flo›Ys:

a) Underwriting activities 1nsrirance premium received

Reinsurance and other i ecoveries rcceivert Conunission received

Reinsurance prerniiini paid Claims paid

Corrirnission paid Managciiienl cxpeoscs paid

Nei cash l)osv l'i t›in underwriting activities

h) Other operating activities

3,975,477,677

3,740,699,486

751,165,731

1,404,061,464

304,161,173

343,073,530

(1,695,157,066)

(1,864,420,117)

(974,294,472)

(1,627,951,007)

(371,145,429)

(473,145,213)

(659,093,711)

(564,441,625)

1,331,113,903 959,876,518

lncoiiic tax paid

(S1,189,480)

(118,558,070)

General expemes paid

(16,956,929)

(13,864,534)

'

Oihei oper atiil@ l*>xnâents

(1,398,910,52 l)

(529,237,960)

Loans advanced

(I 6,033,272)

(6,113,879)

'

Loan receive‹l back

8,996,246

8,446,713

Net cash flosv from other operating activities

(1,504,093,956)

(659,357,730)

3"otal CaS•h flow front all r rating activities

(172,980,053)

300,518,788

c) Investment activities

Pi o1"i t/ rcturn rucuivcd Dividend received Rentals i'eceived Payment lbi investments

Pr‹›cecrls from investments l''ixefl capital expenditure

Proceeds from tlisposal of property ‹ind eqilipinent Profit rcceivetl front Window 'fakafvil Operations

1"otu Icash flow front investing activities Financing Activities:

hiteres i did Diviciends paid

1-ease liability paid

91,661,251

104,804,568

185,000

573,750

1,242,007

1,258,290

(970,226,711)

(461,614,157)

1,015,218,444

494,327,507

(88,648,653)

(244,134,896)

24,730,500

45,398,000

135,000,000

30,000,000

(9,530,863)

(2,403,742)

(20,385)

(338,376,292)

(33,413,822)

(14,122,502)

212,1 fi I ,808

(29,386,938)

T'ctaF c‹ish from from financing activities

(42,965,070)

(354,902,536)

Net cash flow from all activities

(3,783,315)

(83,770,686)

Cash and cash equivalents at the beginning of the perioil

812,964,757

588,922,230

CélSll dlld Cash equivalents at the entl of the period

809,1S1,442

505,151,544





Chitf Executive Officer l3irector Chiei' financial Officer Director Chairman

heel Jafri

cFetary

TH E UNITED INSURANCE COM PANY OF PAKISTAN LIMITED CONDENSED INTERIM CASH FLOW STATEMENT

FOR TH E SIX MONTHS PERIOD ENDED J UNE 30, 2025

Six Montbs Bnded June 30,

2025

2024

Rupees

Rupees

Reconclllatlon of Proflt and 1.oss Account

Operating cash flows

(172,980,053)

300,518,788

Depreciation & amortization expense

(138,833,402)

(99,078,745)

Gain on disposal of property and equipment

17,751,908

31,607,151

l•insnce cost

(9,530,863)

(2,239,612)

Rental income

1,242.007

1,258,290

Dividend income

185,000

573,750

lncrense/(Decrease) in assets other than cash

930,248,954

176,071,561

Decrease/(Increase) in liabilities other than borrowings

210,226,721

135,203,855

Investment & other income

(266,456,476)

109,263.042

Profii of Window Takaful Operations - Operator's fund

76,792,158

10,363,430

Profit for the period

628,645,954

663,541,510



The annexed notes form an integral part of these condensed interim financial statements.

1

i I

Chief Executive Officer Director Chief Flnancinl Officer Director Chairman







SP. 7'arig No e))afiH

C'ompony 'ec tap





THE UNITED LNSUTL&NCE COitIPANY OF PAtCtSTAN LIltHTED CONDENSED INTERfhi STATEMENT OF CHANCES IN EQUITY FOR TItE SLX MONTHS PERIOD ENDED JUNE 30, 2025

Attributable to equity holders of the Company

Sbzre cspitRl

Revenue reser es

Total

General resers e

Falr value

reserve

Unappropriated

profit



663,541,510

663,541,510

663.541 Jl0

2.145.I96

2.143,196

2,143,196

Rupees

Balance as at Januar)' 01, 2024 (Audited)

Total comprehensi^'e income for the period

o.467,500.0fKI

75.115.917

(28.866.555)

8?8,062.83 I

904a 12.193

4,371.812,193

Profit for the period

Oiher comprehensi 'e income

2.145.196

663.541.510

665.684.706

665.684,706

Transferred fom surplus on rex aluation of fixed assets

on account of in i<*iimi al depreciation- net of iax

29,802,803

29.802.803

29.802,803

Transactions with o»'nws

Final cash di •idend for the year ended December 31.2023 at Rs.1 per share

(346,750,000)

(346.750.000)

(346.750,000)

Balance as ai June 30, 2024 (Un-Audited)

3.467.500,000

7*. I 13.917

(?6.7?3359)

1*04.6•i7,144

1,25o.I 9,707.

4.720,549,702

Balance as ai January 01. 2025 (Audited)

Total comprehensive income / (loss) for the period

467500.000

480.504,592

(9,770 64)

1,497.796.50*

1.9*8.301 95

5,436.030.831

Profit for the period

Other comprehensive loss

Transferred from surplus on revaluation of fixed assets

(4.6l6d33)

628.645,954

624,029,021

624,029.021

on account of incremental depreciation- ne of tan

Transactions wiih o» ners

-

20,782,1 I I

20,782,111

20,782,111

Final stock dividend for the year ended December o1. 2024 at Rs.2 per share

693,500,000

(693,500,000)

(693,500,000)

-

Balance as at June 30. 2025 (Un-Audited)

4.161,000,000

480.0489?

(14,587,4 7)

1,453,724.568

1 @29,612.527

6,080,541,963

The annexed notes form an integral part of these condensed interim financial staiwrierits.

Chairman

S.M. Tnriq Il•b Jafrt

Co «; any Secre ry.





628.645,954

628.645.954

628.645,954

(4,616.933)

(4,616.933)

(4,616,933)

Chief Executive Omcer Director Chief Financial Omeer

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