Habib Insurance : Financial Results for the Year Ended Dec 31, 2021

Head Office: Habib Square, MA Jinnah Road, PO. Box # 5217, Karachi.

Tel: [phone], 38 & 39

UAN : 111-030303 Fax: [phone]

Estd.1942

Under Seal Cover

April 01, 2022

The General Manager

Pakistan Stock Exchange Limited Karachi

Dear Sir,

Subject: Financial Results for the year ended Decemb~r31,2021

We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, March 31, 2021 at 03 :00 p.m. through electronic means, recommended the following:

Cash Dividend

A Cash Dividend for the year ended December 31,2021 at Rs. 0.625 per share of Rs.5/- each i.e. 12.5%.

Bonus Shares NIL

The financial results of the Company are as follows:

Profit after Tax for the year

Add: Unappropriated Profit from last year Available for Appropriation

Rs. in '000 107,024 39,425 146,449

Basic Earnings per share of Rs.S/- each -(Rupees)

0.86

To be appropriated as follows:

Cash Dividend @ 15%

Transfer to Reserves

Unappropriated Profit carried forward

77,422 50,000 19,027 146,449

The profit and loss account of the Company is attached.

The Annual General Meeting of the Company will be held on Thursday, April 28, 2022 at II :00 a.m at Karachi.

The above entitlements will be paid to the shareholders whose names will appear in the Register of Members on Wednesday, April 13,2022.

Contd ... Pg 2

Habib Insurance Company Limited

- 2-

The Share Transfer Books of the Company will remain closed from Thursday, April 14,2022 to Thursday, April 28, 2022 (both days inclusive). Transfers received at CDC Share Registrar Services Limited, CDC House, 99-:8, Block 'B', SMCHS, Main Shahrah-e. Faisal, Karachi-74400 at the close of business on Wednesday, April 13, 2022 will be treated in time for the purpose of above entitlements to the transferees.

Head Office: Habib Square, MA Jinnah Road, P.O. Box # 5217, Karachi.

Tel: [phone], 38 & 39

Esld.1942

UAN: 111-030303 Fax: [phone]

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED DECEMBER 31, 2021

2021 2020 .---------(Rupees in '000) ---------

Total comprehensive income for the year

Net insurance premium	806,165	738,670
Net insurance claims	(380,257)	(355,903)
Premium deficiency	(173)	(3,915)
43,963	50,465
(336,467)	(309,353)
(498,442)	(416,399)
(28,744)	12,918
141,031	94,145
74,216	11,668
(10,785)	(9,538)
175,718	109,193
(10,924)	(16,752)
{17,137!	(3,404)
147,657	89,037
{40,633)	{27,374}
107,024	61,663
(106,857)	79,161
(28,171)	(7,824)
(135,028)	71,337
39,158	(20,687)
(95,870)	50,650
(60)	(66)
1,066
(309)
757
51,341
16,763	113,004

Net commission and other acquisition cost Insurance claims and acquisition expense

Management expenses

Underwriting results

Investment income Other income Other expenses

Results of operating activities

Finance cost

Loss before tax from Window Takaful Operations -

Operator's Fund

Profit for the year before tax

Income tax expense

Profit for the year

Other comprehensive income:

Items that may be reclassified subsequently to profit and loss account

Unrealised (loss) / gain on available-far-sale investments during the year

Less: Net (loss) / gain transferred to profit and loss on disposal / redemption / impairment of investment

Related tax impact

Other comprehensive income from Window Takaful Operations -

Operator's Fund - net of tax

Items not to be reclassified to profit and loss account in the subsequent year

Actuarial gain on defined benefit plan

Related tax impact

Other comprehensive Income

Earning per share - rupee

----------- (Rupees) -----------===0=.8=6= 0.50