Key Financial Data for the last Six years (2013 to 2018)

Statement of Financial Position 2018 2017 2016 2015 2014 2013
Paid up share capital 946.7 893.8 893.8 893.8 452.3 452.3
Accumulated (losses) / Unappropriated profits 16.9 253.9 148.9 45.7 12.4 -13.5
Unrealized gain (loss) on revaluation of available-for-sale investments -26.7 -39.3 2.3 1.6 0.0 0.0
Total Equity 936.9 1,108.5 1,045.0 941.2 464.8 438.8
Investments 673.1 1,069.5 821.8 727.0 49.9 153.2
Fixed assets 122.1 70.0 361.2 384.7 308.7 169.1
Capital work in progress 7.5 21.4 0.0 0.0 4.8 19.1
Cash and bank deposits 153 133.6 176.4 16.6 9.0 108.4
Other assets 925.6 858.8 602.0 551.6 815.9 625.8
Total assets of General Takaful Operations – OF 370 335.5 318.9 190.7 81.4 –
Total Assets 2,251.30 2,488.7 2,280.2 1,870.6 1,269.8 1,075.5
Underwriting liabilities 792.2 805.7 831.0 693.9 695.9 568.0
Short term finance – – – – – –
Other liabilities 353.1 340.2 226.1 129.9 81.6 68.7
Total liabilities of General Takaful Operations – OF 166 234.3 178.1 105.7 27.5 –
Total Liabilities 1,314.40 1,380.3 1,235.2 929.4 805.0 636.7
Statement of Comprehensive Income 2018 2017 2016 2015 2014 2013
Gross premium written 1,350.10 1,383.7 1,370.2 1,171.3 1,156.0 869.9
Net premium revenue 1,264.00 1,299.5 1,204.4 1,129.3 1,042.9 733.5
Underwriting expenses -1,107.60 -1,200.3 -1,153.7 -1,074.4 -965.1 -619.9
Underwriting results 156.4 99.2 50.7 54.9 77.8 113.6
Investment income and other income 215.5 171.4 181.5 140.5 93.1 74.3
Other expenses -245.2 -154.8 -118.9 -160.1 -135.2 -109.6
Profit before tax from General Insurance Operations 126.7 115.8 113.3 35.2 35.7 78.4
Profit before tax from Window Takaful Operations -112.2 47.5 35.5 10.4 3.2 –
Profit / (Loss) before tax for the year 14.5 163.4 148.8 45.6 39.0 –
Profit / (Loss) after tax 3.6 105.0 103.2 33.3 25.9 51.5

Key Financial Ratios for the last Six years (2013 to 2018)

Ratios 2018 2017 2016 2015 2014 2013
Profitability
Profit Before Tax / Gross Premium % 1.1% 7.1% 7.2% 2.8% 3.2% 9.0%
Profit Before Tax / Net Premium % 1.2% 8.9% 9.4% 3.1% 3.4% 10.7%
Profit After Tax / Gross Premium % 0.3% 4.6% 5.0% 2.0% 2.1% 5.9%
Underwriting Result / Gross Premium % 11.6% 4.3% 2.5% 3.4% 6.4% 13.1%
Underwriting Result / Net Premium % 12.4% 7.6% 4.2% 4.9% 7.5% 15.5%
Profit Before Tax / Total Income % 1.0% 10.8% 10.5% 3.6% 3.4% 9.7%
Profit After Tax / Total Income % 0.2% 6.9% 7.3% 2.6% 2.3% 6.4%
Combined ratio % 95.6% 92.4% 95.8% 95.1% 92.5% 84.5%
Net Claims / Net Premium % 38.4% 38.6% 42.2% 47.1% 50.5% 42.8%
Net Commission / Net Premium % 10.7% 8.8% 10.0% 12.6% 13.9% 10.7%
Total Expenses / Net Premium % 46.5% 47.5% 46.1% 44.7% 40.8% 45.9%
Net Profit Margin % 0.3% 8.1% 8.6% 2.9% 2.5% 7.0%
Return to Shareholders
Return on Equity % 0.4% 9.4% 9.9% 3.5% 5.6% 11.7%
Return on Assets % 0.2% 4.2% 4.5% 1.8% 2.0% 4.8%
Earnings Per Share Rs. 0.04 1.39 1.37 0.47 0.50 1.12
Price Earning Ratio Times 547.5  17.84  13.85  50.64  51.60  8.88
Price to to Book Ratio Times  2.2  1.7  1.4  1.9  2.5  1.0
Breakup value per share Rs. 10.0  14.85  13.84 12.46  10.10  9.54
Market Data
Market Price per share at the end of the year Rs.     21.9   24.80    18.98    23.80   25.75     9.95
Market Price per share – Highest during the year Rs.   25.7    28.35   23.24    24.50   28.00  11.70
Market Price per share – Lowest during the year Rs.     18.3    17.12   14.00     16.41      8.50    7.50
Performance / Liquidity
Current Ratio Times     1.6      1.75      1.55       1.60       1.19     1.39
Cash / Current Liabilities %  0.1% 9.7% 14.3% 1.8% 1.1% 17.0%
Total Assets Turnover Times  0.6 0.61 0.62 0.68 0.90 0.75
Fixed Assets Turnover Times  9.8 16.61 3.94 3.33 3.63 4.29
Total Liabilities / Equity Times  1.4 1.23 1.18 0.99 1.73 1.45
Cashflow from Operations Margin % 2.0% -2.4% 23.0% 15.8% 15.7% 21.3%
No. Of days in Premium Receivable Days         40          73          86           48           31         44
No. Of days in Claim Settlement Days         65          64          62           64          79      100
Paid-up Capital / Total Assets % 41.7% 35.7% 39.2% 47.8% 35.6% 42.1%
Earning assets / Total Assets % 36.7% 48.1% 43.8% 39.8% 4.6% 24.3%
Equity / Total Assets % 41.6% 44.8% 45.8% 50.3% 36.6% 40.8%