Asia Insurance : Financial Results for the Year Ended 2022-12-31
March 22, 2023 at 12:31 am EDT
Share
ASIA INSURANCE COMPANY LIMITED STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED DECEMBER 31, 2022
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-Dec-22
RUPEES
735,275,461
(293,086,144)
7,103,350
(162,512,981)
(448,495,775)
(361,354,438)
(74,574,752)
(29,044,491)
13,369,096
(4,280,162)
(94,530,309)
(15,665,013)
18,965,958
(91,229,364)
17,397,966
(73,831,398)
(1.01)
31-Dec-21
RUPEES
593,675,987
(166,803,205)
(3,381,203)
(125,007,044)
(295,191,452)
(291,981,411)
6,503,124
19,258,725
16,297,890
(5,079,634)
36,980,105
(14,396,351)
14,756,680
37,340,434
(10,527,264)
26,813,170
0.37
Chairman
Chief Executive Officer
Director
Director
Chief Financial Officer
ASIA INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED DECEMBER 31, 2022
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 year
31-Dec-22
Rupees
49,601,815
(21,324,965)
28,276,850
-
28,276,850
(28,394,143)
(209,782)
(28,603,925)
(1,947)
(329,022)
3,526,941
3,197,919
39,361,314
(16,373,133)
(6,682,799)
16,305,382
2,889,964
(229,388)
18,965,958
31-Dec-21
Rupees
42,882,626
(19,394,393)
23,488,233
100,732
23,588,965
(25,489,030)
-
(25,489,030)
(4,303)
(1,904,368)
1,694,035
(210,333)
32,258,897
(13,363,035)
(6,404,811)
12,491,051
2,476,750
(211,121)
14,756,680
hairman
Chief Executive Officer
Director
Director
Chief Financial Office
Attachments
Original Link
Original Document
Permalink
Disclaimer
Asia Insurance Company Ltd. published this content on 22 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2023 04:30:01 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 
