Adamjee Insurance : Financial Results for the Quarter Ended 31 March 2024
April 26, 2024 at 03:18 pm IST
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Adamjee Insurance Company Limited
Unconsolidated Condensed Interim Statement of Profit or Loss Account (Un-audited)
For the Quarter Ended 31 March 2024
Quarter Ended
31 March 31 March
20242023
Rupees in thousand
Net Insurance Premium
Net Insurance Claims
Net Commission and other acquisition costs Insurance claims and acquisition expenses
Management expenses
Underwriting results
Investment income Rental income Other income
Fair value adjustment to investment property Other expenses
Workers' Welfare Fund charge
Results of operating activities
Finance cost
Profit from window takaful operations
Profit before tax
Income tax expense
Profit after tax
5,715,584
(3,563,272)
(797,733)
(4,361,005)
(1,208,966)
145,613
1,202,575
48,298
122,786
-
(44,116)
(32,936)
1,442,220
(2,059)
173,690
1,613,851
(639,101)
974,750
4,839,869
(3,542,850)
(690,654)
(4,233,504)
(993,186)
(386,821)
704,903
44,219
105,400
286,828
(21,258)
(7,859)
725,412
(547)
98,759
823,624
(319,060)
504,564
-------------------------(Rupees)
Earnings (after tax) per share
2.79
1.44
Adamjee Insurance Company Limited
Consolidated Condensed Interim Profit and Loss Account (Un-audited)
For the Quarter Ended 31 March 2024
Quarter Ended
31 March
31 March
2024
2023
Rupees in thousand
Net Insurance Premium
Net Insurance Claims
Net Commission and other acquisition costs
Insurance claims and acquisition expenses
Management expenses
Net change in insurance liabilities (other than outstanding claims)
Underwriting results
Investment income
Net fair value gains on financial assets at fair value through profit or loss - unrealised
Rental income Other income
Fair value adjustment to investment property Other expenses
Workers' Welfare Fund charge
Results of operating activities
Finance cost
Profit from window takaful operations
Profit before tax
Income tax expense
Profit after tax
Profit attributable to:
Equity holders of the parent
Non-controlling interest
Earnings (after tax) per share
12,034,918
10,599,501
(9,647,154)
(7,723,555)
(1,565,742)
(1,438,900)
(11,212,896)
(9,162,455)
(1,486,073)
(1,206,371)
(2,783,352)
(2,549,645)
(3,447,403)
(2,318,970)
4,806,598
2,982,864
89,188
(413,450)
30,678
28,454
318,582
315,333
-
230,338
(47,241)
(23,353)
(32,936)
(7,859)
1,717,466
793,357
(1,914)
(1,317)
173,690
98,759
1,889,242
890,799
(842,127)
(394,006)
1,047,115
496,793
1,016,730
483,743
30,385
13,050
1,047,115
496,793
Rupees
2.90
1.38
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Adamjee Insurance Company Limited published this content on
26 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
26 April 2024 09:47:04 UTC.
Adamjee Insurance Company Limited is a general insurance company. The Company operates through five segments: Fire and property damage, Marine, aviation and transport, Motor, Health and Miscellaneous. Its marine products and services include marine hull and machinery, marine cargo marine umbrella liability and aviation. The motor services include comprehensive car, commercial vehicle, motorcycle comprehensive and motor third party liability. The miscellaneous services include bankersâ policy, burglary, cash in safe, cash in transit, cellular mobile phone, contractual liability, credit card travel inconvenience policy, crop, personal accident, plastic card, product liability policy and others. The fire and property services provide property all risk, comprehensive machinery, consequential loss of profit, energy, ginning stock policy, home, fire policy and shop ownerâs comprehensive policy. It also operates branches in the United Arab Emirates (UAE) and the Export Processing Zone (EPZ).
ADAMJEE INSURANCE COMPANY LIMITED 