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TPL Insurance > Financial Analysis

Financial Analysis

  • Key Financial Data for the last Six years (2014 to 2019)
  • Key Financial Ratios for the last Six years (2014 to 2019)

Key Financial Data for the last Six years (2014 to 2019)

2019 2018 2017 2016 2015 2014
Income Statement (Rs. In Millions)
Gross premium written 2,505.30 2,408.70 2,292.70 2,054.50 1,635.50 1,220.80
Net premium revenue 2,136.20 2,246.60 2,068.80 1,750.50 1,419.30 1,049.10
Underwriting expenses (2,024.50) (2,116.70) (1,957.10) (1,724.60) (1,368.30) (973.30)
Underwriting results 111.70 129.90 111.70 25.90 51.00 75.80
Investment income and other income 152.10 70.70 61.90 106.80 93.50 92.80
Other expenses (207.80) (165.90) (80.10) (50.60) (152.00) (133.60)
Profit / (Loss) before tax for the year 56.00 34.70 93.50 82.10 (7.50) 35.00
Profit / (Loss) after tax 30.50 23.80 35.20 36.40 (19.80) 22.00
Balance Sheet 2019 2018 2017 2016 2015 2014
Paid up share capital 946.70 955.60 1,009.10 904.10 800.90 464.70
Accumulated (losses) / Unappropriated profits (114.00) 8.00 138.70 138.70 138.70 -
Unrealized gain (loss) on revaluation of available-for-sale investments (29.70) (26.70) (26.40) 2.30 - -
Participant's Takaful Fund (48.90) (170.30) (201.70) (121.90) (55.10) (1.90)
Total Equity 754.10 766.60 919.70 923.20 884.50 462.80
Investments 729.40 1,026.30 1,213.30 1,056.80 930.40 49.90
Fixed assets 426.50 122.00 70.00 361.20 384.70 308.70
Capital work in progress 2.60 7.60 21.40 - - 4.80
Cash and bank deposits 702.40 251.90 247.20 240.90 30.40 89.80
Other assets 1,105.20 1,216.90 1,147.10 759.00 635.70 834.60
Total Assets 2,966.10 2,624.70 2,699.00 2,417.90 1,981.20 1,287.80
Underwriting liabilities 1,505.10 1,447.40 1,383.60 1,247.90 970.00 756.10
Other liabilities 706.90 410.70 395.70 246.80 126.70 68.90
Total Liabilities 2,212.00 1,858.10 1,779.30 1,494.70 1,096.70 825.00

Key Financial Ratios for the last Six years (2014 to 2019)

2019 2018 2017 2016 2015 2014
Profitability
Profit Before Tax / Gross Premium % 2.2% 1.4% 4.1% 4.0% -0.5% 2.9%
Profit Before Tax / Net Premium % 2.6% 1.5% 4.5% 4.7% -0.5% 3.3%
Profit After Tax / Gross Premium % 1.2% 1.0% 1.5% 1.8% -1.2% 1.8%
Profit After Tax / Net Premium % 1.4% 1.1% 1.7% 2.1% -1.4% 2.1%
Underwriting Result / Gross Premium % 4.5% 5.4% 7.8% 3.7% -0.1% -0.7%
Underwriting Result / Net Premium % 5.2% 5.8% 8.7% 4.3% -0.1% -0.8%
Profit Before Tax / Total Income % 2.4% 1.5% 4.4% 4.4% -0.5% 3.1%
Profit After Tax / Total Income % 1.3% 1.0% 1.7% 2.0% -1.3% 1.9%
Combined ratio % 94.8% 94.2% 91.3% 95.7% 100.1% 100.8%
Net Claims / Net Premium % 41.3% 43.0% 43.2% 45.7% 48.7% 50.7%
Management Expenses / Net Premium % 40.6% 40.7% 40.4% 40.9% 38.9% 36.2%
Net Profit Margin % 1.3% 1.0% 1.7% 2.0% -1.3% 1.9%
Return to Shareholders
Return on Equity % 4.0% 3.1% 3.8% 3.9% -2.2% 4.7%
Return on Capital Employed % 3.3% 3.1% 3.8% 3.9% -2.2% 4.7%
Return on Assets % 1.03% 0.91% 1.31% 1.51% -1.00% 1.67%
Earnings / (Loss) Per Share attributable to Shareholders' Fund Rs. (1.14) 0.04 1.12 1.10 0.36 0.27
Price Earning Ratio Times N/A 564.8 22.1 17.3 67.0 93.8
Price to Book Ratio Times 3.0 2.2 2.1 1.7 2.4 5.2
Breakup value per share Rs. 8.6 10.0 11.9 11.1 10.0 5.0
Market Data
Market Price per share at the end of the year Rs. 25.7 21.9 24.8 19.0 23.8 25.8
Market Price per share - Highest during the year Rs. 29.7 25.67 28.4 23.2 24.5 28.0
Market Price per share - Lowest during the year Rs. 18.3 19.28 17.1 14.0 16.4 8.5
Performance / Liquidity
Current Ratio Times 1.2 1.3 1.5 1.4 1.5 1.2
Cash / Current Liabilities % 34.5% 13.6% 13.9% 16.2% 2.8% 10.6%
Total Assets Turnover Times 0.77 0.88 0.8 0.8 0.8 0.9
Fixed Assets Turnover Times 5.3 17.9 23.3 5.1 3.9 3.6
Total Liabilities / Equity Times 2.9 2.4 1.9 1.6 1.2 1.8
Cashflow from Operations Margin % 14.9% 9.5% -3.7% 19.7% 18.6% 23.3%
No. Of days in Premium Receivable Days 45 45 71 68 44 35
No. Of days in Claim Settlement Days 67 56 52 54 76 92
Paid-up Capital / Total Assets % 31.6% 35.8% 28.0% 31.4% 38.1% 35.2%
Earning assets / Total Assets % 48.3% 48.7% 54.1% 53.9% 48.5% 10.7%
Shareholders' Equity / Total Assets % 27.1% 35.7% 41.5% 43.4% 47.4% 35.5%

TPL Insurance
TPL Insurance is the first insurance company in Pakistan to sell general insurance products directly to the consumer. Since launch in 2005, the company has grown from strength-to-strength, delivering superior and hassle-free Insurance products to individual and corporate clients. TPL Insurance currently provides a complete range of innovative insurance solutions.

 

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