IGI Insurance Limited Announces Unaudited Unconsolidated and Consolidated Earnings Results for the First Quarter Ended March 31, 2017
January 31, 2018 at 03:50 am
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IGI Insurance Limited announced unaudited unconsolidated and consolidated earnings results for the first quarter ended March 31, 2017. For the quarter on unconsolidated basis, the company reported operating revenues of PKR 154,038 compared to PKR 349,633 a year ago. Loss before tax was PKR 21,126 compared to profit of PKR 45,618 a year ago. Loss after taxation was PKR 24,493 or PKR 0.20 per basic and diluted loss per share compared to profit of PKR 21,726 or PKR 0.18 per basic and diluted earnings per share a year ago.
For the quarter on consolidated basis, the company reported operating revenues of PKR 2,427,775 compared to PKR 2,067,280 a year ago. Profit before tax was PKR 560,618 compared to PKR 499,360 a year ago. Profit after taxation was PKR 511,883 or PKR 4.17 per basic and diluted share compared to PKR 404,549 or PKR 3.30 per basic and diluted share a year ago. Total comprehensive income attributable to equity holders of the parent was PKR 37,836,154 compared to PKR 419,859 a year ago.
IGI Holdings Limited is a Pakistan-based investment holding company. The Company operates through four business units: Conventional Business, Takaful Business, Life Business and Family Takaful. Its Conventional Business includes Non-Life Business, and Brokerage and Investment Business. Its Takaful Business includes five primary business segments, such as fire, marine, health, motor, and miscellaneous. Its Life Business include The Life (participating) segment, The Life (non-participating) segment, The Life (non-participating) Group segment, The Investment Linked business segment, The Accident and Health - Individual segment, The Accident and Health - Group segment and The Pension Fund segment. Its Family Takaful business includes the individual family, the group family, and the group health takaful business segment. The Companyâs subsidiaries include IGI General Insurance Limited, IGI Investments (Private) Limited, IGI Life Insurance Limited, and IGI Finex Securities Limited.