Announcement • Jul 11
Efu Life Assurance Limited Approves Board Appointments, Effective July 10, 2026 EFU Life Assurance Limited announced at the EGM held on July 9, 2026, approved election of Mr. Suleman Lalani and Mrs. Farhana Mowjee Khan as director for the period of three year commencing from July 10, 2026. Buy Or Sell Opportunity • Apr 30
Now 22% overvalued Over the last 90 days, the stock has fallen 20% to PK₨143. The fair value is estimated to be PK₨117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.2%. Declared Dividend • Apr 25
First quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 4th May 2026 Payment date: 26th May 2026 Dividend yield will be 10%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (65% 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 14% 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 2.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: PK₨3.76 (vs PK₨6.11 in 1Q 2025) First quarter 2026 results: EPS: PK₨3.76 (down from PK₨6.11 in 1Q 2025). Revenue: PK₨7.31b (down 63% from 1Q 2025). Net income: PK₨394.8m (down 39% from 1Q 2025). Profit margin: 5.4% (up from 3.3% 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 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Apr 16
EFU Life Assurance Limited to Report Q1, 2026 Results on Apr 23, 2026 EFU Life Assurance Limited announced that they will report Q1, 2026 results on Apr 23, 2026 Buy Or Sell Opportunity • Mar 25
Now 20% overvalued Over the last 90 days, the stock has fallen 5.6% to PK₨145. The fair value is estimated to be PK₨121, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: PK₨23.26 (vs PK₨28.79 in FY 2024) Full year 2025 results: EPS: PK₨23.26 (down from PK₨28.79 in FY 2024). Revenue: PK₨103.2b (up 2.2% from FY 2024). Net income: PK₨2.44b (down 18% from FY 2024). Profit margin: 2.4% (down from 3.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 03
Now 23% overvalued Over the last 90 days, the stock has fallen 4.1% to PK₨150. The fair value is estimated to be PK₨122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 18%. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨145, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Total loss to shareholders of 1.2% over the past three years. Declared Dividend • Mar 02
Third quarter dividend of PK₨10.50 announced Dividend of PK₨10.50 is the same as last year. Ex-date: 18th March 2026 Payment date: 20th April 2026 Dividend yield will be 9.4%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (58% 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 14% 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 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 27
EFU Life Assurance Limited, Annual General Meeting, Mar 30, 2026 EFU Life Assurance Limited, Annual General Meeting, Mar 30, 2026. Location: islamabad Pakistan Announcement • Feb 19
EFU Life Assurance Limited to Report Fiscal Year 2025 Results on Feb 26, 2026 EFU Life Assurance Limited announced that they will report fiscal year 2025 results on Feb 26, 2026 Declared Dividend • Oct 30
Third quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 3rd November 2025 Payment date: 26th November 2025 Dividend yield will be 9.9%, 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 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: PK₨5.70 (vs PK₨5.24 in 3Q 2024) Third quarter 2025 results: EPS: PK₨5.70 (up from PK₨5.24 in 3Q 2024). Revenue: PK₨36.1b (up 58% from 3Q 2024). Net income: PK₨598.8m (up 11% from 3Q 2024). Profit margin: 1.7% (down from 2.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2025 earnings released: EPS: PK₨5.48 (vs PK₨7.56 in 2Q 2024) Second quarter 2025 results: EPS: PK₨5.48 (down from PK₨7.56 in 2Q 2024). Revenue: PK₨21.2b (down 7.8% from 2Q 2024). Net income: PK₨575.2m (down 26% from 2Q 2024). Profit margin: 2.7% (down from 3.4% 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 22% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 28
First quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 1st September 2025 Payment date: 25th September 2025 Dividend yield will be 9.5%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (55% 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 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 20
EFU Life Assurance Limited to Report Q2, 2025 Results on Aug 26, 2025 EFU Life Assurance Limited announced that they will report Q2, 2025 results on Aug 26, 2025 Declared Dividend • Apr 27
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 10%, which is about the same as the industry average. 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 8.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% 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₨10.50 per share Eligible shareholders must have bought the stock before 17 March 2025. Payment date: 18 April 2025. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 9.3%. Lower than top quartile of Pakistani dividend payers (9.5%). In line with average of industry peers (8.5%). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: PK₨28.82 (vs PK₨20.66 in FY 2023) Full year 2024 results: EPS: PK₨28.82 (up from PK₨20.66 in FY 2023). Revenue: PK₨101.1b (up 34% from FY 2023). Net income: PK₨2.99b (up 45% from FY 2023). Profit margin: 3.0% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 27
Third quarter dividend of PK₨10.50 announced Dividend of PK₨10.50 is the same as last year. Ex-date: 17th March 2025 Payment date: 18th April 2025 Dividend yield will be 9.4%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (55% 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 8.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 26
EFU Life Assurance Limited, Annual General Meeting, Mar 25, 2025 EFU Life Assurance Limited, Annual General Meeting, Mar 25, 2025. Location: islamabad Pakistan Announcement • Dec 28
EFU Life Assurance Limited Announces Resignation of Ali Raza Siddiqui from Board of Directors EFU Life Assurance Ltd. has announced a significant change in its leadership as Mr. Ali Raza Siddiqui tendered his resignation from the company's Board of Directors. The resignation is set to take effect on December 27, 2024, marking a notable shift in the company's governance. The departure of Mr. Siddiqui from the board creates a casual vacancy that the Board of Directors plans to address in due course. The company has yet to disclose any potential candidates or the timeline for appointing a successor to fill the vacancy left by Mr. Siddiqui. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: PK₨5.24 (vs PK₨5.26 in 3Q 2023) Third quarter 2024 results: EPS: PK₨5.24. Revenue: PK₨22.9b (up 16% from 3Q 2023). Net income: PK₨537.5m (up 2.3% from 3Q 2023). Profit margin: 2.3% (down from 2.7% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 2024 Payment date: 27th November 2024 Dividend yield will be 8.3%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (66% 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 8.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Sep 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor 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: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (PK₨17.5b market cap, or US$63.0m). Reported Earnings • Sep 05
Second quarter 2024 earnings released: EPS: PK₨7.56 (vs PK₨3.45 in 2Q 2023) Second quarter 2024 results: EPS: PK₨7.56 (up from PK₨3.45 in 2Q 2023). Revenue: PK₨23.3b (up 37% from 2Q 2023). Net income: PK₨774.6m (up 124% from 2Q 2023). Profit margin: 3.3% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 24
First quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 3rd September 2024 Payment date: 27th September 2024 Dividend yield will be 8.8%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (64% 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 8.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: PK₨7.81 (vs PK₨4.98 in 1Q 2023) First quarter 2024 results: EPS: PK₨7.81 (up from PK₨4.98 in 1Q 2023). Revenue: PK₨20.1b (up 49% from 1Q 2023). Net income: PK₨780.9m (up 57% from 1Q 2023). Profit margin: 3.9% (up from 3.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 27
Fourth quarter dividend of PK₨1.50 announced Dividend of PK₨1.50 is the same as last year. Ex-date: 8th May 2024 Payment date: 31st May 2024 Dividend yield will be 7.8%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (73% 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. However, payments have been volatile during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Apr 20
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 Ruhail Muhammad 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 • Mar 29
EFU Life Assurance Limited Declares Final Cash Dividend EFU Life Assurance Limited declared final cash dividend at a rate of 105%, equating to PKR 10.50 per share. This dividend is in addition to an interim cash dividend of 45%, or PKR 4.50 per share, previously distributed to shareholders for the year ended December 31, 2023. The final dividend will be paid to those registered as shareholders by the close of business on March 22, 2024. Upcoming Dividend • Mar 13
Upcoming dividend of PK₨10.50 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 24 April 2024. Payout ratio is on the higher end at 75% but the company is not cash flow positive. Trailing yield: 7.7%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (11%). Announcement • Mar 11
EFU Life Assurance Limited (KASE:EFUL) agreed to acquire Allianz EFU Health Insurance Limited from Efu Services Private Limited and others. EFU Life Assurance Limited (KASE:EFUL) agreed to acquire Allianz EFU Health Insurance Limited from Efu Services Private Limited and others on March 9, 2024. EFU Life will be issuing its own ordinary shares at a swap ratio to the current shareholders of EFU Health. The Competition Commission of Pakistan has approved the transaction. New Risk • Nov 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (PK₨18.2b market cap, or US$63.3m). Upcoming Dividend • Nov 01
Upcoming dividend of PK₨1.50 per share at 8.1% yield Eligible shareholders must have bought the stock before 08 November 2023. Payment date: 01 December 2023. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 8.1%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (11%). Upcoming Dividend • Sep 04
Upcoming dividend of PK₨1.50 per share at 7.9% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 04 October 2023. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 7.9%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (11%). Announcement • May 18
EFU Life Assurance Ltd. Announces Chief Executive Changes On May 17, 2023, the Board of Directors of EFU Life Assurance Ltd. announced the appointment of Mr. Muhammad Ali Ahmed as the new Managing Director and Chief Executive of the company. This decision comes into effect from July 10, 2023, replacing the current CEO, Mr. Tahir G. Sachak. However, the appointment is subject to the approval of the Securities and Exchange Commission of Pakistan. Mr. Muhammad Ali Ahmed brings with him a wealth of experience and expertise in the insurance industry. He has held various senior positions in the company and has demonstrated exceptional leadership qualities throughout his career. With his extensive knowledge of the industry and strong strategic vision, Mr. Ahmed is expected to drive the company towards further growth and success. The outgoing CEO, Mr. Tahir G. Sachak, has played a significant role in shaping EFU Life Assurance Ltd. during his tenure. Upcoming Dividend • May 04
Upcoming dividend of PK₨1.50 per share at 8.1% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 02 June 2023. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 8.1%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (11%). Upcoming Dividend • Mar 15
Upcoming dividend of PK₨10.50 per share at 7.7% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 25 April 2023. Trailing yield: 7.7%. Lower than top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (11%). 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 Ruhail Mohammed 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 earnings and cash flow. Trailing yield: 8.0%. Lower than top quartile of Pakistani dividend payers (12%). Lower than average of industry peers (11%). Upcoming Dividend • Aug 19
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 26 August 2022. Payment date: 20 September 2022. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 7.9%. Lower than top quartile of Pakistani dividend payers (11%). Lower than average of industry peers (9.1%). Board Change • Aug 18
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 Ruhail Mohammed 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 • Aug 17
EFU Life Assurance Limited Announces Executive Changes EFU Life Assurance Limited announced that Mr. Hassan Jivani has been appointed as Company Secretary of the company with effect from August 16, 2022 in place of Mr. Abbas Hussain. 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. 7 non-independent directors. Independent Director Ruhail Mohammed 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₨10.50 per share Eligible shareholders must have bought the stock before 22 March 2022. Payment date: 21 April 2022. Payout ratio and cash payout ratio are on the higher end at 96% and 96% respectively. Trailing yield: 8.3%. Lower than top quartile of Pakistani dividend payers (11%). In line with average of industry peers (8.3%). Upcoming Dividend • Oct 29
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 05 November 2021. Payment date: 30 November 2021. Trailing yield: 7.4%. Lower than top quartile of Pakistani dividend payers (10%). In line with average of industry peers (7.3%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS PK₨1.65 (vs PK₨4.61 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨8.28b (down 40% from 3Q 2020). Net income: PK₨165.3m (down 64% from 3Q 2020). Profit margin: 2.0% (down from 3.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Oct 28
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 Ruhail Mohammed 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. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS PK₨1.65 (vs PK₨4.61 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨8.28b (down 40% from 3Q 2020). Net income: PK₨165.3m (down 64% from 3Q 2020). Profit margin: 2.0% (down from 3.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 30
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 06 September 2021. Payment date: 29 September 2021. Trailing yield: 7.9%. 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₨3.51 (vs PK₨3.22 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: PK₨12.0b (down 11% from 2Q 2020). Net income: PK₨350.5m (up 9.0% from 2Q 2020). Profit margin: 2.9% (up from 2.4% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% 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 10 May 2021. Payment date: 03 June 2021. Trailing yield: 7.9%. Lower than top quartile of Pakistani dividend payers (8.8%). Higher than average of industry peers (5.9%). Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS PK₨4.08 (vs PK₨3.61 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: PK₨11.3b (up 21% from 1Q 2020). Net income: PK₨408.0m (up 13% from 1Q 2020). Profit margin: 3.6% (down from 3.9% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 15
Upcoming Dividend of PK₨10.50 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 8.0% is below the top quartile of Pakistani dividend payers (8.3%), but it is higher than industry peers (4.8%). Reported Earnings • Feb 25
Full year 2020 earnings released: EPS PK₨17.84 (vs PK₨15.49 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: PK₨52.6b (up 38% from FY 2019). Net income: PK₨1.78b (up 15% from FY 2019). Profit margin: 3.4% (down from 4.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 23
New 90-day low: PK₨186 The company is down 4.0% from its price of PK₨194 on 25 November 2020. The Pakistani market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is flat over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: PK₨209 The company is up 8.0% from its price of PK₨194 on 01 October 2020. The Pakistani market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day low: PK₨187 The company is down 7.0% from its price of PK₨202 on 04 September 2020. The Pakistani market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 12% over the same period. Upcoming Dividend • Oct 27
Upcoming Dividend of PK₨1.50 Per Share Will be paid on the 26th of November to those who are registered shareholders by the 3rd of November. The trailing yield of 7.5% is in the top quartile of Pakistani dividend payers (7.5%), and it is higher than industry peers (4.0%). Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of PK₨2.04b, up 66% from the prior year. Total revenue was PK₨52.4b over the last 12 months, up 72% from the prior year. Is New 90 Day High Low • Sep 24
New 90-day low: PK₨190 The company is down 5.0% from its price of PK₨200 on 26 June 2020. The Pakistani market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 22% over the same period. 
