Asia Insurance : Financial Results For the Quarter Ended 31 March 2023
April 28, 2023 at 12:27 am EDT
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ASIA INSURANCE COMPANY LIMITED STATEMENT OF PROFIT AND LOSS
FOR THE THREE MONTHS PERIOD ENDED March 31, 2023
Net Insurance Premium
Net Insurance Claims
Premium Deficiency
Net Commission and Other Acquisition Costs
Insurance Claims and Acquisition Expenses
Management Expenses
Underwriting Results
Investment (Loss) / Income
Other Income
Other Expenses
Results of Operating Activities
Finance Cost
Profit from Window Takaful Operations
(Loss) / Profit Before Tax
Income Tax Expense
(Loss) / Profit After Tax
(Loss) / Earnings Per Share - Basic & Diluted (Restated)
31-Mar-23
RUPEES
178,676,905
(63,808,854)
2,114,175
(45,961,771)
(107,656,450)
(93,730,747)
(22,710,292)
(5,515,737)
16,800,595
(478,685)
(11,904,119)
(3,469,148)
6,573,510
(8,799,757)
232,779
(8,566,978)
(0.12)
31-Mar-22
RUPEES
162,474,091
(49,920,355)
9,217,525
(38,819,343)
(79,522,173)
(86,899,032)
(3,947,114)
1,316,676
2,839,580
(75,657)
133,485
(3,316,232)
4,065,576
882,829
(263,158)
619,671
0.01
ASIA INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS PROFIT AND LOSS ACCOUNT
FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2023
Participants' Takaful Fund (PTF)
Contributions Earned
Less: Contributions Ceded to Retakaful
Net Contributions Revenue
Retakaful Rebate Earned
Net Underwriting Income
Net Claims - Reported / Settled - IBNR Charge of Contribution Deficiency Reserve
Other Direct Expenses
Surplus / (Deficit) Before Investment Income Other Income
Surplus / (Deficit) Transferred to Accumulated Surplus
Operator's Fund (OPF)
Wakala Fee
Commission Expense
General, Adminstration and Management Expenses
Other Income
Other Expenses
Profit for the period
31-Mar-23
Rupees
15,369,720
(5,093,111)
10,276,609
-
10,276,609
(2,687,090)
(260,544)
(2,947,634)
(2,515)
7,326,460
2,300,731
9,627,191
11,584,488
(5,216,697)
(779,472)
5,588,319
985,191
-
6,573,510
31-Mar-22
Rupees
11,195,359
(5,408,685)
5,786,674
-
5,786,674
(2,947,955)
(415,833)
(3,363,788)
(963)
2,421,923
623,983
3,045,906
8,821,633
(3,623,728)
(1,865,623)
3,332,282
733,294
-
4,065,576
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Disclaimer
Asia Insurance Company Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 04:26:07 UTC.
Asia Insurance Company Limited is a Pakistan-based insurance company. The Company provides a wide range of property casualty insurance to support its esteemed clients in business and in daily life through its general insurance, and general Takaful cover. The Companyâs segments include fire and property damage, marine aviation and transport, motor and miscellaneous. Its fire and property damage covers loss or damage caused by fire and its allied perils including lightning, storms, earthquakes, rain, flood damage, riot and strike damage, burglary and malicious damage. The Company provides crop and livestock insurance for farmers, banks and financial institutions. Its marine insurance covers all modes of transportation of goods, including air, sea, and rail/road. It provides coverage for cargo for loss or damage while itâs on the go.
ASIA INSURANCE COMPANY LIMITED 
