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Askari General Insurance KASE:AGIC Stock Report

Last Price


Market Cap







16 May, 2022


Company Financials
AGIC fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health5/6

AGIC Stock Overview

Askari General Insurance Company Limited engages in non-life insurance business in Pakistan.

Askari General Insurance Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Askari General Insurance
Historical stock prices
Current Share PricePK₨19.89
52 Week HighPK₨23.40
52 Week LowPK₨18.40
1 Month Change-0.55%
3 Month Change-1.05%
1 Year Change-1.44%
3 Year Change-5.29%
5 Year Change-23.11%
Change since IPO486.89%

Recent News & Updates

Shareholder Returns

AGICPK InsurancePK Market

Return vs Industry: AGIC exceeded the PK Insurance industry which returned -22.3% over the past year.

Return vs Market: AGIC exceeded the PK Market which returned -9.9% over the past year.

Price Volatility

Is AGIC's price volatile compared to industry and market?
AGIC volatility
AGIC Average Weekly Movement5.5%
Insurance Industry Average Movement6.0%
Market Average Movement5.7%
10% most volatile stocks in PK Market8.8%
10% least volatile stocks in PK Market3.6%

Stable Share Price: AGIC is not significantly more volatile than the rest of PK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AGIC's weekly volatility (5%) has been stable over the past year.

About the Company

1995384Abdul Waheed

Askari General Insurance Company Limited engages in non-life insurance business in Pakistan. The company operates through Fire Insurance; Marine Insurance; Motor Insurance; Accident and Health; and Miscellaneous Insurance segments. It offers motor, marine, health, fire, aviation, agriculture, travel, and engineering insurance products; and miscellaneous insurance products, including fidelity guarantee, plate glass, workmen compensation, and liability insurance products, as well as cover against burglary, loss of cash in safe and cash in transit, personal accident, money, and engineering losses.

Askari General Insurance Fundamentals Summary

How do Askari General Insurance's earnings and revenue compare to its market cap?
AGIC fundamental statistics
Market CapPK₨1.43b
Earnings (TTM)PK₨381.22m
Revenue (TTM)PK₨2.46b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGIC income statement (TTM)
Cost of RevenuePK₨1.65b
Gross ProfitPK₨807.10m
Other ExpensesPK₨425.88m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)5.30
Gross Margin32.84%
Net Profit Margin15.51%
Debt/Equity Ratio0%

How did AGIC perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does AGIC pay a reliable dividends?

See AGIC dividend history and benchmarks
When do you need to buy AGIC by to receive an upcoming dividend?
Askari General Insurance dividend dates
Ex Dividend DateMay 20 2022
Dividend Pay DateJun 20 2022
Days until Ex dividend3 days
Days until Dividend pay date34 days

Does AGIC pay a reliable dividends?

See AGIC dividend history and benchmarks


Is Askari General Insurance undervalued compared to its fair value and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AGIC (PKR19.89) is trading below our estimate of fair value (PKR23.87)

Significantly Below Fair Value: AGIC is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: AGIC is good value based on its PE Ratio (3.8x) compared to the PK Insurance industry average (6.6x).

PE vs Market: AGIC is good value based on its PE Ratio (3.8x) compared to the PK market (5.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AGIC's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: AGIC's PB Ratio (0.6x) is in line with the PK Insurance industry average.

Future Growth

How is Askari General Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Insurance industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Askari General Insurance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Askari General Insurance performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AGIC has high quality earnings.

Growing Profit Margin: AGIC's current net profit margins (15.5%) are lower than last year (18.2%).

Past Earnings Growth Analysis

Earnings Trend: AGIC's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: AGIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AGIC had negative earnings growth (-4.3%) over the past year, making it difficult to compare to the Insurance industry average (-1.4%).

Return on Equity

High ROE: AGIC's Return on Equity (17%) is considered low.

Financial Health

How is Askari General Insurance's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AGIC's short term assets (PKR2.1B) do not cover its short term liabilities (PKR3.2B).

Long Term Liabilities: AGIC's short term assets (PKR2.1B) exceed its long term liabilities (PKR369.3M).

Debt to Equity History and Analysis

Debt Level: AGIC is debt free.

Reducing Debt: AGIC has not had any debt for past 5 years.

Debt Coverage: AGIC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AGIC has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet


What is Askari General Insurance current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodayMay 16 2022Ex Dividend DateMay 20 2022Dividend Pay DateJun 20 202231 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: AGIC's dividend (13.83%) is higher than the bottom 25% of dividend payers in the PK market (3.66%).

High Dividend: AGIC's dividend (13.83%) is in the top 25% of dividend payers in the PK market (10.86%)

Stability and Growth of Payments

Stable Dividend: AGIC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AGIC's dividend payments have increased, but the company has only paid a dividend for 6 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.9%), AGIC's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (414.5%), AGIC's dividend payments are not well covered by cash flows.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Abdul Waheed



Mr. Abdul Waheed has been the Chief Executive Officer and President of Askari General Insurance Company Limited since 2010. Mr. Waheed served as the Chief Executive Officer of Askari Leasing Ltd. He served...

Board Members

Experienced Board: AGIC's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Askari General Insurance Company Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Askari General Insurance Company Limited
  • Ticker: AGIC
  • Exchange: KASE
  • Founded: 1995
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: PK₨1.430b
  • Shares outstanding: 71.90m
  • Website:

Number of Employees


  • Askari General Insurance Company Limited
  • AWT Plaza
  • 3rd Floor
  • Rawalpindi
  • Pakistan


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Annual Earnings2020/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.