Reported Earnings • May 05
First quarter 2026 earnings released: PK₨0.27 loss per share (vs PK₨0.11 profit in 1Q 2025) First quarter 2026 results: PK₨0.27 loss per share (down from PK₨0.11 profit in 1Q 2025). Net loss: PK₨39.5m (down 423% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 150 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Crescent Star Insurance Limited to Report Q1, 2026 Results on Apr 30, 2026 Crescent Star Insurance Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to PK₨5.83, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Total returns to shareholders of 453% over the past three years. Announcement • Apr 06
Crescent Star Insurance Limited, Annual General Meeting, Apr 30, 2026 Crescent Star Insurance Limited, Annual General Meeting, Apr 30, 2026. Location: at 2nd floor, nadir house, i.i.chundrigar road, karachi Pakistan Reported Earnings • Apr 05
Full year 2025 earnings released Full year 2025 results: Revenue: PK₨190.0m (down 30% from FY 2024). Net income: PK₨17.3m (down 62% from FY 2024). Profit margin: 9.1% (down from 17% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Announcement • Mar 27
Crescent Star Insurance Limited to Report Fiscal Year 2025 Results on Apr 03, 2026 Crescent Star Insurance Limited announced that they will report fiscal year 2025 results on Apr 03, 2026 New Risk • Mar 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m (PK₨144m revenue, or US$517k). Market cap is less than US$10m (PK₨652.4m market cap, or US$2.34m). Reported Earnings • Oct 25
Third quarter 2025 earnings released: PK₨0.07 loss per share (vs PK₨0.18 loss in 3Q 2024) Third quarter 2025 results: PK₨0.07 loss per share. Revenue: PK₨25.5m (down 49% from 3Q 2024). Net loss: PK₨103.0m (loss widened 433% from 3Q 2024). Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: PK₨0.03 (vs PK₨0.54 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.03 (down from PK₨0.54 in 2Q 2024). Revenue: PK₨36.7m (down 64% from 2Q 2024). Net income: PK₨3.94m (down 93% from 2Q 2024). Profit margin: 11% (down from 57% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (PK₨232m revenue, or US$824k). Market cap is less than US$10m (PK₨294.0m market cap, or US$1.04m). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). New Risk • May 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 81% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (PK₨232m revenue, or US$826k). Market cap is less than US$10m (PK₨274.6m market cap, or US$977.7k). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Reported Earnings • Apr 08
Full year 2024 earnings released: EPS: PK₨0.31 (vs PK₨0.53 in FY 2023) Full year 2024 results: EPS: PK₨0.31 (down from PK₨0.53 in FY 2023). Revenue: PK₨274.3m (down 9.0% from FY 2023). Net income: PK₨45.8m (down 20% from FY 2023). Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Announcement • Apr 04
Crescent Star Insurance Limited, Annual General Meeting, Apr 29, 2025 Crescent Star Insurance Limited, Annual General Meeting, Apr 29, 2025. Location: at 2nd floor, nadir house, 1.1. chundrigar road, karachi Pakistan Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨3.46, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total returns to shareholders of 63% over the past three years. New Risk • Oct 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 102% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨288.6m market cap, or US$1.04m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Revenue is less than US$5m (PK₨306m revenue, or US$1.1m). Reported Earnings • Oct 25
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: PK₨50.2m (down 34% from 3Q 2023). Net loss: PK₨19.3m (down 143% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: PK₨0.54 (vs PK₨0.47 in 2Q 2023) Second quarter 2024 results: EPS: PK₨0.54 (up from PK₨0.47 in 2Q 2023). Revenue: PK₨102.1m (up 15% from 2Q 2023). Net income: PK₨56.5m (up 11% from 2Q 2023). Profit margin: 55% (down from 57% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨3.01, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 3.8% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨2.56, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 4x in the Insurance industry in Pakistan. Total returns to shareholders of 11% over the past three years. New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (PK₨239.1m market cap, or US$859.3k). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (PK₨301m revenue, or US$1.1m). Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to PK₨3.03, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨2.29, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨2.02, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 23% over the past three years. New Risk • Jan 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (PK₨250.9m market cap, or US$893.6k). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (PK₨293m revenue, or US$1.0m). Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨2.44, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 4x in the Insurance industry in Pakistan. Total loss to shareholders of 9.3% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨2.38, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨1.83, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨1.24, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨1.40, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Total loss to shareholders of 1.4% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings released: PK₨0.15 loss per share (vs PK₨0.36 profit in FY 2021) Full year 2022 results: PK₨0.15 loss per share (down from PK₨0.36 profit in FY 2021). Revenue: PK₨192.7m (up 29% from FY 2021). Net income: PK₨4.51m (down 88% from FY 2021). Profit margin: 2.3% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨1.45, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Total loss to shareholders of 33% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Naveeda Mahmud was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: PK₨0.17 (vs PK₨0.041 in 3Q 2021) Third quarter 2022 results: EPS: PK₨0.17 (up from PK₨0.041 in 3Q 2021). Revenue: PK₨49.4m (up 37% from 3Q 2021). Net income: PK₨17.9m (up 303% from 3Q 2021). Profit margin: 36% (up from 12% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 23% share price decline to PK₨1.57, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total returns to shareholders of 29% over the past three years. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Non-Executive Director Shaikh Ahmed was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS PK₨0.02 (vs PK₨0.077 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨36.1m (down 8.1% from 3Q 2020). Net income: PK₨4.44m (down 46% from 3Q 2020). Profit margin: 12% (down from 21% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨1.92, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨2.33, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total loss to shareholders of 18% over the past three years. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS PK₨0.06 (vs PK₨0.13 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨37.3m (down 8.9% from 2Q 2020). Net income: PK₨7.82m (down 42% from 2Q 2020). Profit margin: 21% (down from 33% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨3.66, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 19% share price gain to PK₨3.81, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 17% share price gain to PK₨2.68, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total loss to shareholders of 23% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS PK₨0.10 (vs PK₨0.17 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨36.8m (down 15% from 1Q 2020). Net income: PK₨12.2m (down 34% from 1Q 2020). Profit margin: 33% (down from 43% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 19% share price gain to PK₨2.93, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total loss to shareholders of 33% over the past three years. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS PK₨0.45 (vs PK₨0.29 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: PK₨162.9m (down 9.1% from FY 2019). Net income: PK₨48.9m (up 59% from FY 2019). Profit margin: 30% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨2.56, the stock is trading at a trailing P/E ratio of 6.1x, down from the previous P/E ratio of 7.2x. This compares to an average P/E of 9x in the Insurance industry in Pakistan. Total return to shareholders over the past three years is a loss of 42%. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨3.24, the stock is trading at a trailing P/E ratio of 7.7x, up from the previous P/E ratio of 6.7x. This compares to an average P/E of 10x in the Insurance industry in Pakistan. Total return to shareholders over the past three years is a loss of 31%. Valuation Update With 7 Day Price Move • Oct 20
Market bids up stock over the past week After last week's 20% share price gain to PK₨3.14, the stock is trading at a trailing P/E ratio of 6.6x, up from the previous P/E ratio of 5.5x. This compares to an average P/E of 11x in the Insurance industry in Pakistan. Total return to shareholders over the past three years is a loss of 40%. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 23% share price gain to PK₨2.85, the stock is trading at a trailing P/E ratio of 6x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 11x in the Insurance industry in Pakistan. Total return to shareholders over the past three years is a loss of 40%.