Financial Analysis
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Gross premium written | 4,085 | 3,823.1 | 3,284.0 | 2,746.9 | 2,505.3 | 2,408.7 | |||||
| Net premium revenue | 3,085 | 2970.4 | 2,398.4 | 2,163.1 | 2,136.2 | 2,246.6 | |||||
| Underwriting expenses | (3,240) | -2785.1 | (2,280.5) | (2,046.8) | (2,024.5) | (2,116.7) | |||||
| Underwriting results | (154.8) | 185.3 | 117.8 | 116.3 | 111.7 | 129.9 | |||||
| Investment income and other income | 531.5 | 84.9 | 110.8 | 204.1 | 152.1 | 70.7 | |||||
| Other expenses | (283.1) | -236.0 | (233.9) | (240.8) | (207.8) | (165.9) | |||||
| Surplus on merger | 1,079 | ||||||||||
| Profit / (Loss) before tax for the year | 1,172 | 65.1 | (5.2) | 79.6 | 56.0 | 34.7 | |||||
| Profit / (Loss) after tax | 1,127 | 18.3 | (9.7) | 39.8 | 30.5 | 23.8 | |||||
| Other Comprehensive Income | (38.0) | -81.5 | 196.4 | 22.4 | (4.4) | 10.9 | |||||
| Total Comprehensive Income | 1,089 | -63.3 | 186.7 | 62.2 | 26.1 | 34.7 | |||||
| Balance Sheet | |||||||||||
| Paid up share capital | 2,027 | 2026.7 | 1,393.1 | 946.7 | 946.7 | 955.6 | |||||
| Accumulated (losses) /Unappropriated profits | 459.9 | -59.8 | (65.3) | (164.5) | (114.0) | 8.0 | |||||
| Other comprehensive income reserve | 69.5 | 107.5 | 189.0 | (7.3) | (29.7) | (26.7) | |||||
| Other capital reserves | 124.6 | 124.6 | 77.6 | 24.1 | |||||||
| Participant’s Takaful Fund | (42.5) | -54.7 | (67.5) | 41.4 | (48.9) | (170.3) | |||||
| Total Equity | 2,638.2 | 2144.3 | 1,526.9 | 840.4 | 754.1 | 766.6 | |||||
| Investments | 2,256 | 1740.0 | 1,390.4 | 920.8 | 729.4 | 1,026.3 | |||||
| Fixed assets | 300.8 | 422.0 | 401.2 | 257.5 | 426.5 | 122.0 | |||||
| Capital work in progress | 2.6 | 7.6 | |||||||||
| Cash and bank deposits | 1,996.5 | 1569.4 | 1,046.4 | 913.4 | 702.4 | 251.9 | |||||
| Other assets | 2,755.4 | 2241.0 | 1,987.1 | 1,409.5 | 1,105.2 | 1,216.9 | |||||
| Total Assets | 7,308.7 | 5971.4 | 4,786.1 | 3,501.2 | 2,966.1 | 2,624.7 | |||||
| Underwriting liabilities | 3,075.8 | 2828.7 | 2,393.3 | 1,970.8 | 1,505.1 | 1,447.4 | |||||
| Other liabilities | 1,594.7 | 998.4 | 929.9 | 690.0 | 706.9 | 410.7 | |||||
| Total Liabilities | 4,670.8 | 3827.1 | 3,259.2 | 2,660.8 | 2,212.0 | 1,858.1 | |||||
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||
| Profit Before Tax / Gross Premium | % | 28.7% | 1.7 | -0.20 | 2.90 | 2.20 | 1.40 | ||||
| Profit Before Tax / Net Premium | % | 38.1% | 2.2 | -0.20 | 3.70 | 2.60 | 1.50 | ||||
| Profit After Tax / Gross Premium | % | 27.6% | 0.5 | -0.30 | 1.40 | 1.20 | 1.00 | ||||
| Profit After Tax / Net Premium | % | 36.6% | 0.6 | -0.40 | 1.80 | 1.40 | 1.10 | ||||
| Underwriting Result / Gross Premium | % | -3.8% | 4.8% | 3.60 | 4.20 | 4.50 | 5.40 | ||||
