IGI Insurance Limited Announces Unaudited Unconsolidated and Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
January 31, 2018 at 03:50 am
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IGI Insurance Limited announced unaudited unconsolidated and consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter on unconsolidated basis, the company reported operating revenues of PKR 74,432 compared to PKR 1,125,049 a year ago. Profit before tax was PKR 61,908 compared to PKR 733,325 a year ago. Profit after taxation was PKR 52,566 compared to PKR 463,006 a year ago. Basic and diluted earnings per share were PKR 0.43 compared to PKR 3.77 a year ago.
For the half year on unconsolidated basis, the company reported operating revenues of PKR 228,470 compared to PKR 1,472,656 a year ago. Profit before tax was PKR 40,782 compared to PKR 778,942 a year ago. Profit after taxation was PKR 28,073 compared to PKR 484,731 a year ago. Basic and diluted earnings per share were PKR 0.23 compared to PKR 3.95 a year ago.
For the quarter on consolidated basis, the company reported operating revenues of PKR 2,777,770 compared to PKR 3,256,615 a year ago. Profit before tax was PKR 1,396,779 compared to PKR 894,261 a year ago. Profit after taxation was PKR 1,167,493 compared to PKR 461,568 a year ago. Basic and diluted earnings per share were PKR 9.52 compared to PKR 3.76 a year ago. Total comprehensive income attributable to equity holders of the parent was PKR 6,739,905 compared to PKR 464,971 a year ago.
For the half year on consolidated basis, the company reported operating revenues of PKR 5,205,545 compared to PKR 5,323,913 a year ago. Profit before tax was PKR 1,957,398 compared to PKR 1,393,620 a year ago. Profit after taxation was PKR 1,679,376 compared to PKR 866,116 a year ago. Basic and diluted earnings per share were PKR 13.69 compared to PKR 7.06 a year ago. Total comprehensive income attributable to equity holders of the parent was PKR 44,576,059 compared to PKR 884,829 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.