S@u^Insurance
sct193t2023
March 27 , 2023
The General Manager Pakistan Stock Exchange Limiled Stock Exchange Building
FORM-3
Stock Exchange Road Karachi.
Subject: Financial Results for the vear ended December 31. 2022
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held on March 27 ,2023, al 11:OO a.m. via video link, recommended the following:
(i) CASH DIVIDEND
A final Cash Dividend for the year ended December 31, 2022, at Rs.4.50 per share i.e.45o/o. This is in addition to the interim dividend already paid at Rs. 2.50 per share i.e.,25o/o.
(ii) BONUS SHARES
NIL
(iii) RIGHT SHARES
NIL
.
(iv) ANY OTHER ENTITELMENT / CORPORATE ACTION
NIL
(v) ANY OTHER PRIcE-SENSITIVE INFORMATION
The financial results of the Company are attached as Annexure - A.
Extract of the resolutions passed by the Board related to the above announcements / payouts is attached as Annexure - B.
The Annual General Meeting of the Company will be held on April 27, 2023, at 02:00 p.m. at the Registered Office of the Company, situated 63/A, Block-Xx, Phase-lll (Commercial), Khayban-e-lqbal, DHA, Lahore.
.The above entitlement will be paid to the shareholders whose names will appear in the Register of Members at the close of business on April 12, 2023.
The share transfer books of the Company will be closed from April 13,2023, to April 27, 2023 (both days inclusive). Transfers received at company's share Registrar Office, lVl/s. Hameed lVlajeed Associates, H. M. House, 7 - Bank Square, Shahrah-e-Quaid-e-Azam, Lahore at the close of business on April 12, 2023, will be treated in time for the purpose of ove entitlement to the transferees.
Atlas Insurance Ltd.
Rated 'A.rr'' by PACRA
7
I, OFTTCf,: Federation House, Shahrah-e-Firdousi, Main Clifion, Karachr-75600. Phones: +92(21)35169194-6.15178806-7 UAN:02!-lll-245-000
F{I: +92 (21)3537 8515
HEAD OFFICE
63/A, BIock-XX, Phase-lll(comh6ciil), Khayaban-elqbal, Defence Hous ing A ulhorily. Lahore,Pakislan.Phon.s:+92(42)37132611-18 trAN;042-lll-245-000 Prtt +92 (42)31132622 f,msil:info@ailallas.pk W.bsite www.ailatlas pk N.TN.:396145-0
$@u*tnsurance
The Annual Report of the Company will be transmitted through PUCARS at least 21 before holding of Annual General lileeting.
Yours Sincerely,
For Atlas lnsurance Lim
SU
l,4uhammad A Company Secretary
('(l
Executive Director i HOD. Offsite-ll Department, Supervision Division,
Securities & Exchange Commission of Pakistan, 63, NIC Building, Jinnah Avenue,
Blue Area, lslamabad.
cic:
The Director lnsurance Divisron
Securities & Exchange Commission of Pakistan, 63, NIC Building, Jinnah Avenue,
Blue Area, lslamabad.
Atlas Insurance Ltd.
Rated 'AA' by PACRA
ZONAI, OFFICE:
Federaiion House, Shahrah-e-Frrdous', Maan Ctiflon, Karachi-75600 Phon.s: +92(21)15369394-6,15378806-7 UAN: 021" I I l-245-000 Fsr: +92 (21 ) 3537 8515
HEAD OT'T'ICE:
63/A. Block-XX, Phase-lll(comm.rc,.r). Khayaban-e-lqbal, Defence Housing Authority, Lahore, Pakist.n Phones:+91(41)3713:oll-lE trAN: 042- l I I -245-000 Frxt +92 (42)37132622. Em.il: info@ailatlas pk Website: wwwailatlas pk N.'lN 2396345-0
I
ATLAS INSURANCE LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED DECEMBER 31,2022
Net insurance premiumNet insurance claims
Net commission and other acquisilion income lnsurance claims and acquisition expenses
Management expenses
Underwriting results
lnvestment income Other income Other expenses
Results of operating activities
Finance costs
Profit before tax from
Window Takaful Operations - Operator's fund
Prolit before tax
lncome lax expense
Profit after lax
Earnings (after tax) per share - basic and dilutedThe annexed notes from '1 to 41 form an integral part of these financial statemenlsPage 'l of l
1g7(rJr't - A
Note
2022 2021 (Rupees in thousand)
21
24
25 26 27
28
29
31
30
2,',132,895 1.830 688
(721,2281 252,'t 44 (469,084)
17 47 ,9841
(622,186) 182,363 (439,823)
(617,980)
915,827 772.885
2,449 330.420
132,583 49.634
27.681)
16,275)
1,023,178 1,136,664
(14,s83) (9,352)
87,032 54,1S6
1,095,627
(376,313)
1,'181 ,508
(346,132)
719.314
835.376
Restated
7.70
8.95
l^r/ttlro K
Mr6lnsurance
EXTRACT OF THE RESOLUTIONS PASSED
IN THE BOARD OF DIRECTORS MEETING
HELD ON March 27, 2023
Resolved: "that cash dividend at the rate of 45% (Rs. 4.50 per share) be and is hereby recommended for payment to those shareholders of the Company, whose names shall appear in the register of the members at the close of business on April '12, 2023. This is in addition to 25% (Rs. 2.50 per share) interim dividend already paid."
Fu rther Resolved: "that the Company Secretary be and is hereby authorized to issue a certified true copy of above mentioned resolution, as and when required."
ns U
.t
a2
o
CERTIFIED TRUE
o
lVlu h Afza
Company Secreta
Atlas Insurance Ltd.
Rared 'AA' by PACRA
ZONAL OTTICE:
Federatron House, Shahrah-e-Frrdousi, Marn CtiIton, Kamch,-75600 Phones: +92(:l)35169394-6,15378806-7 UAN:021-lll-245-000 Far: +92 (21)1537 8515
HEAD OFFICE:
6llA, Block-XX, Phase-ltl (cdmn.rcilr), Khayaban{-lqbal, D€fence Housing Authorily, Lahor€. Pakrstan Phones:+9:(4?)37132611-18 trAN:042-lll-245-000 Far; +92142) 37132622 Emrih info@ail atlas pk Wcbsile: wwwarladas.pk N.TN.2196345-0
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Atlas Insurance Ltd. published this content on 27 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2023 07:57:07 UTC.