Announcement • Jun 17
Efu General Insurance Limited Announces Retirement of Directors EFU General Insurance Limited announced the retiring directors are Messrs. Saifuddin N. Zoomkawala, Hasanali Abdullah, Taher G. Sachak, Asad Nasir, Saad Bhimjee, Tanveer Sultan Moledina and Yasmin Hyder. Declared Dividend • Apr 29
First quarter dividend of PK₨1.50 announced Shareholders will receive a dividend of PK₨1.50. Ex-date: 4th May 2026 Payment date: 26th May 2026 Dividend yield will be 8.2%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: PK₨5.58 (vs PK₨6.10 in 1Q 2025) First quarter 2026 results: EPS: PK₨5.58 (down from PK₨6.10 in 1Q 2025). Revenue: PK₨11.9b (down 51% from 1Q 2025). Net income: PK₨1.12b (down 8.6% from 1Q 2025). Profit margin: 9.4% (up from 5.1% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
EFU General Insurance Limited to Report Q1, 2026 Results on Apr 24, 2026 EFU General Insurance Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Declared Dividend • Mar 05
Fourth quarter dividend of PK₨5.50 announced Dividend of PK₨5.50 is the same as last year. Ex-date: 18th March 2026 Payment date: 20th April 2026 Dividend yield will be 7.8%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 05
EFU General Insurance Limited, Annual General Meeting, Mar 30, 2026 EFU General Insurance Limited, Annual General Meeting, Mar 30, 2026. Location: islamabad Pakistan Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: PK₨28.24 (vs PK₨18.91 in FY 2024) Full year 2025 results: EPS: PK₨28.24 (up from PK₨18.91 in FY 2024). Revenue: PK₨123.8b (up 4.4% from FY 2024). Net income: PK₨5.65b (up 49% from FY 2024). Profit margin: 4.6% (up from 3.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Feb 20
EFU General Insurance Limited to Report Q4, 2025 Results on Feb 27, 2026 EFU General Insurance Limited announced that they will report Q4, 2025 results at 12:30 PM, Pakistan Standard Time on Feb 27, 2026 Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: PK₨9.35 (vs PK₨3.70 in 3Q 2024) Third quarter 2025 results: EPS: PK₨9.35 (up from PK₨3.70 in 3Q 2024). Revenue: PK₨42.1b (up 56% from 3Q 2024). Net income: PK₨1.87b (up 153% from 3Q 2024). Profit margin: 4.4% (up from 2.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Oct 31
Second quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 4th November 2025 Payment date: 27th November 2025 Dividend yield will be 8.2%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: PK₨6.25 (vs PK₨7.06 in 2Q 2024) Second quarter 2025 results: EPS: PK₨6.25 (down from PK₨7.06 in 2Q 2024). Revenue: PK₨25.6b (down 6.5% from 2Q 2024). Net income: PK₨1.25b (down 12% from 2Q 2024). Profit margin: 4.9% (down from 5.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 29
First quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 2nd September 2025 Payment date: 26th September 2025 Dividend yield will be 8.0%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 22
EFU General Insurance Limited to Report Q2, 2025 Results on Aug 27, 2025 EFU General Insurance Limited announced that they will report Q2, 2025 results on Aug 27, 2025 Reported Earnings • May 05
First quarter 2025 earnings released: EPS: PK₨6.10 (vs PK₨5.61 in 1Q 2024) First quarter 2025 results: EPS: PK₨6.10 (up from PK₨5.61 in 1Q 2024). Revenue: PK₨24.3b (flat on 1Q 2024). Net income: PK₨1.22b (up 8.7% from 1Q 2024). Profit margin: 5.0% (up from 4.6% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 30
Fourth quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 2nd May 2025 Payment date: 27th May 2025 Dividend yield will be 8.6%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Apr 08
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 6.3% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (PK₨23.8b market cap, or US$84.8m). Declared Dividend • Feb 28
Third quarter dividend of PK₨5.50 announced Dividend of PK₨5.50 is the same as last year. Ex-date: 17th March 2025 Payment date: 18th April 2025 Dividend yield will be 8.1%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 27
EFU General Insurance Limited, Annual General Meeting, Mar 25, 2025 EFU General Insurance Limited, Annual General Meeting, Mar 25, 2025. Announcement • Dec 28
EFU General Insurance Ltd Announces Resignation of Ali Raza Siddiqui as Board of Directors EFU General Insurance Ltd. has announced the resignation of Mr. Ali Raza Siddiqui from its Board of Directors, effective December 27, 2024. The resignation of Mr. Siddiqui has created a casual vacancy on the board, which the company has stated will be addressed in due course. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨113, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total returns to shareholders of 46% over the past three years. Declared Dividend • Nov 03
Third quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 5th November 2024 Payment date: 28th November 2024 Dividend yield will be 11%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: PK₨7.06 (vs PK₨1.06 loss in 2Q 2023) Second quarter 2024 results: EPS: PK₨7.06 (up from PK₨1.06 loss in 2Q 2023). Revenue: PK₨27.6b (up 33% from 2Q 2023). Net income: PK₨1.41b (up PK₨1.62b from 2Q 2023). Profit margin: 5.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 26
First quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 4th September 2024 Payment date: 30th September 2024 Dividend yield will be 11%, which is higher than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 24
EFU General Insurance Limited Announces Chief Financial Officer Changes EFU General Insurance Limited announced the appointment of Mr. Najmul Hoda Khan as the new Chief Financial Officer (CFO), effective from September 9, 2024. He replaces Mr. Altaf Gokal in this key financial position within the company. The transition in the leadership role of CFO at EFU General Insurance Limited marks a significant administrative change, signaling continuity and a new phase in financial leadership for the company. The announcement was made through a formal notification sent out to stakeholders and regulatory bodies, outlining the effective date and the details of the new appointment. The change comes as part of the normal course of business operations and strategic realignment within EFU General Insurance. Mr. Najmul Hoda Khan, with his extensive experience in finance, is expected to drive the financial strategy of the company forward, following the completion of Mr. Altaf Gokal's tenure. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: PK₨5.61 (vs PK₨2.96 in 1Q 2023) First quarter 2024 results: EPS: PK₨5.61 (up from PK₨2.96 in 1Q 2023). Revenue: PK₨24.6b (up 47% from 1Q 2023). Net income: PK₨1.12b (up 90% from 1Q 2023). Profit margin: 4.6% (up from 3.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year. Declared Dividend • Apr 27
Dividend of PK₨1.50 announced Shareholders will receive a dividend of PK₨1.50. Ex-date: 8th May 2024 Payment date: 31st May 2024 Dividend yield will be 12%, which is higher than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Mar 13
Upcoming dividend of PK₨5.50 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 24 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 11%. Lower than top quartile of Pakistani dividend payers (13%). In line with average of industry peers (11%). Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: PK₨16.37 (vs PK₨2.11 in FY 2022) Full year 2023 results: EPS: PK₨16.37 (up from PK₨2.11 in FY 2022). Revenue: PK₨91.1b (up 40% from FY 2022). Net income: PK₨3.27b (up PK₨2.85b from FY 2022). Profit margin: 3.6% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Nov 03
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Tanveer Moledina was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨86.46, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 4.0% over the past three years. Upcoming Dividend • Sep 04
Upcoming dividend of PK₨1.50 per share at 13% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 04 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Lower than top quartile of Pakistani dividend payers (13%). Higher than average of industry peers (11%). Board Change • Jun 15
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. 7 non-independent directors. Independent Director Tanveer Moledina was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 18
EFU General Insurance Limited Appoints Kamran Arshad Inam as Managing Director and Chief Executive In a recent meeting held on May 17, 2023, the Board of Directors of EFU General Insurance Limited made a significant decision that is set to shape the future of the company. Mr. Kamran Arshad Inam has been appointed as the new Managing Director and Chief Executive, replacing Mr. Hassan Ali Abdullah. This appointment will come into effect from July 10, 2023, pending the approval of the Securities and Exchange Commission of Pakistan. The selection of Mr. Kamran Arshad Inam is seen as a strategic move by the Board of Directors to bring in fresh leadership and expertise. With an impressive track record in the insurance industry, Mr. Inam is expected to drive EFU General Insurance Limited towards greater success in the coming years. Mr. Hassan Ali Abdullah, who has been leading the company as Managing Director and Chief Executive, expressed his confidence in Mr. Inam's abilities. He believes that his successor's extensive experience and knowledge will not only uphold the company's values but also take it to new heights. The appointment of Mr. Inam is a result of a thorough evaluation process conducted by the Board of Directors. They considered his exceptional leadership qualities, proven track record, and in-depth understanding of the insurance sector. The decision is in line with EFU General Insurance Limited's commitment to fostering a culture of innovation, customer-centricity, and continuous growth. Upcoming Dividend • May 04
Upcoming dividend of PK₨1.50 per share at 12% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 02 June 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 12%. Lower than top quartile of Pakistani dividend payers (13%). In line with average of industry peers (11%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: PK₨2.96 (vs PK₨3.09 in 1Q 2022) First quarter 2023 results: EPS: PK₨2.96 (down from PK₨3.09 in 1Q 2022). Revenue: PK₨16.9b (up 12% from 1Q 2022). Net income: PK₨591.5m (down 4.2% from 1Q 2022). Profit margin: 3.5% (down from 4.1% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 30
Upcoming dividend of PK₨5.50 per share at 10% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 10 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 10%. Lower than top quartile of Pakistani dividend payers (13%). In line with average of industry peers (10%). Board Change • Dec 06
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. 7 non-independent directors. Independent Director Tanveer Moledina was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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. 7 non-independent directors. Independent Director Tanveer Moledina was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 03
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 10 November 2022. Payment date: 02 December 2022. The company is paying out more than 100% of its profits and is paying out 95% of its cash flow. Trailing yield: 10%. Lower than top quartile of Pakistani dividend payers (12%). In line with average of industry peers (11%). Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: PK₨1.44 (vs PK₨2.03 in 3Q 2021) Third quarter 2022 results: EPS: PK₨1.44 (down from PK₨2.03 in 3Q 2021). Revenue: PK₨16.3b (up 49% from 3Q 2021). Net income: PK₨287.1m (down 29% from 3Q 2021). Profit margin: 1.8% (down from 3.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Sep 03
Second quarter 2022 earnings released: PK₨0.65 loss per share (vs PK₨3.11 profit in 2Q 2021) Second quarter 2022 results: PK₨0.65 loss per share (down from PK₨3.11 profit in 2Q 2021). Revenue: PK₨13.4b (down 9.8% from 2Q 2021). Net loss: PK₨129.4m (down 121% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 29
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 28 September 2022. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 10.0%. Lower than top quartile of Pakistani dividend payers (11%). In line with average of industry peers (9.3%). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨118, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total returns to shareholders of 59% over the past three years. Upcoming Dividend • May 04
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 9.6%. Lower than top quartile of Pakistani dividend payers (10%). In line with average of industry peers (8.8%). Reported Earnings • May 01
First quarter 2022 earnings released: EPS: PK₨3.09 (vs PK₨3.57 in 1Q 2021) First quarter 2022 results: EPS: PK₨3.09 (down from PK₨3.57 in 1Q 2021). Revenue: PK₨15.1b (up 6.9% from 1Q 2021). Net income: PK₨617.4m (down 14% from 1Q 2021). Profit margin: 4.1% (down from 5.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Board Change • Apr 27
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. 8 non-independent directors. Independent Director Tanveer Moledina was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 15
Upcoming dividend of PK₨5.50 per share Eligible shareholders must have bought the stock before 22 March 2022. Payment date: 21 April 2022. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 9.8%. Lower than top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (8.3%). Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: PK₨13.90 (up from PK₨12.11 in FY 2020). Revenue: PK₨55.2b (down 12% from FY 2020). Net income: PK₨2.78b (up 15% from FY 2020). Profit margin: 5.0% (up from 3.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Dec 22
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. 7 non-independent directors. Independent Director Tanveer Moledina was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 02
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 09 November 2021. Payment date: 02 December 2021. Trailing yield: 8.8%. Lower than top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (7.1%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS PK₨2.03 (vs PK₨2.32 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: PK₨11.0b (down 33% from 3Q 2020). Net income: PK₨406.2m (down 13% from 3Q 2020). Profit margin: 3.7% (up from 2.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Upcoming Dividend • Aug 31
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 30 September 2021. Trailing yield: 8.9%. Lower than top quartile of Pakistani dividend payers (9.2%). Higher than average of industry peers (6.8%). Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS PK₨3.11 (vs PK₨3.53 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨14.8b (down 6.6% from 2Q 2020). Net income: PK₨622.8m (down 12% from 2Q 2020). Profit margin: 4.2% (down from 4.4% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 04
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 11 May 2021. Payment date: 04 June 2021. Trailing yield: 8.8%. Within top quartile of Pakistani dividend payers (8.8%). Higher than average of industry peers (5.9%). Reported Earnings • May 04
First quarter 2021 earnings released: EPS PK₨3.57 (vs PK₨2.31 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨14.1b (up 19% from 1Q 2020). Net income: PK₨714.4m (up 54% from 1Q 2020). Profit margin: 5.1% (up from 3.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 15
Upcoming Dividend of PK₨5.50 Per Share Will be paid on the 21st of April to those who are registered shareholders by the 22nd of March. The trailing yield of 8.5% is in the top quartile of Pakistani dividend payers (8.3%), and it is higher than industry peers (4.8%). Reported Earnings • Feb 27
Full year 2020 earnings released: EPS PK₨12.11 (vs PK₨12.74 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: PK₨62.9b (up 33% from FY 2019). Net income: PK₨2.42b (down 4.9% from FY 2019). Profit margin: 3.9% (down from 5.4% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 25
New 90-day low: PK₨115 The company is down 4.0% from its price of PK₨120 on 27 November 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 2.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of PK₨3.27b, up 91% from the prior year. Total revenue was PK₨62.6b over the last 12 months, up 60% from the prior year. 