IGI Insurance Limited Announces Unaudited Unconsolidated and Consolidated Earnings Results for the Third Quarter and Nine Months Ended Sep. 30, 2017
January 31, 2018 at 08:50 am
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IGI Insurance Limited announced unaudited unconsolidated and consolidated earnings results for the third quarter and nine months ended Sep. 30, 2017. For the quarter on unconsolidated basis, the company reported operating revenues of PKR 331 compared to PKR 680,143 a year ago. Loss before tax was PKR 4,654 compared to profit of PKR 451,885 a year ago. Loss after taxation was PKR 4,701 compared to profit of PKR 339,838 a year ago. Basic and diluted loss per share were PKR 0.04 compared to earnings per share of PKR 2.77 a year ago.
For the nine months on unconsolidated basis, the company reported operating revenues of PKR 228,801 compared to PKR 2,152,799 a year ago. Profit before tax was PKR 36,128 compared to PKR 1,230,827 a year ago. Profit after taxation was PKR 23,372 compared to PKR 824,569 a year ago. Basic and diluted earnings per share were PKR 0.19 compared to PKR 6.72 a year ago.
For the quarter on consolidated basis, the company reported operating revenues of PKR 2,812,054 compared to PKR 2,730,634 a year ago. Profit before tax was PKR 1,737,291 compared to PKR 680,292 a year ago. Profit after taxation was PKR 1,567,275 compared to PKR 481,299 a year ago. Basic and diluted earnings per share were PKR 12.77 compared to PKR 3.92 a year ago. Total comprehensive income attributable to equity holders of the parent was PKR 16,325,177 compared to PKR 505,874 a year ago.
For the nine months on consolidated basis, the company reported operating revenues of PKR 8,017,599 compared to PKR 8,054,528 a year ago. Profit before tax was PKR 3,694,689 compared to PKR 2,073,912 a year ago. Profit after taxation was PKR 3,246,651 compared to PKR 1,347,415 a year ago. Basic and diluted earnings per share were PKR 26.46 compared to PKR 10.98 a year ago. Total comprehensive income attributable to equity holders of the parent was PKR 60,901,236 compared to PKR 1,390,703 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.