Announcement • Apr 17
TPL Insurance Limited to Report Q1, 2026 Results on Apr 24, 2026 TPL Insurance Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Mar 02
TPL Insurance Limited, Annual General Meeting, Mar 23, 2026 TPL Insurance Limited, Annual General Meeting, Mar 23, 2026. Location: karachi Pakistan Announcement • Feb 19
TPL Insurance Limited to Report Fiscal Year 2025 Results on Feb 26, 2026 TPL Insurance Limited announced that they will report fiscal year 2025 results on Feb 26, 2026 Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: PK₨0.003 (vs PK₨0.07 loss in 3Q 2024) Third quarter 2025 results: EPS: PK₨0.003 (up from PK₨0.07 loss in 3Q 2024). Revenue: PK₨1.20b (up 23% from 3Q 2024). Net income: PK₨575.0k (up PK₨7.62m from 3Q 2024). Profit margin: 0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Sep 05
VEON Group Holding Company Ltd expressed its intention to acquire 50% stake in TPL Insurance Limited (KASE:TPLI). VEON Group Holding Company Ltd expressed its intention to acquire 50% stake in TPL Insurance Limited (KASE:TPLI) on September 4, 2025.
The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and definitive agreement. Reported Earnings • Aug 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: PK₨1.11b (up 15% from 2Q 2024). Net income: PK₨5.85m (down 88% from 2Q 2024). Profit margin: 0.5% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to PK₨12.41, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨9.76, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨9.46, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 41% over the past three years. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: PK₨0.11 (vs PK₨5.68 in FY 2023) Full year 2024 results: EPS: PK₨0.11 (down from PK₨5.68 in FY 2023). Revenue: PK₨3.50b (down 2.3% from FY 2023). Net income: PK₨460.5m (down 59% from FY 2023). Profit margin: 13% (down from 32% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Feb 26
TPL Insurance Limited, Annual General Meeting, Apr 25, 2025 TPL Insurance Limited, Annual General Meeting, Apr 25, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: PK₨0.07 loss per share (vs PK₨5.77 profit in 3Q 2023) Third quarter 2024 results: PK₨0.07 loss per share (down from PK₨5.77 profit in 3Q 2023). Revenue: PK₨971.7m (up 9.9% from 3Q 2023). Net loss: PK₨7.04m (down 101% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: PK₨0.25 (vs PK₨0.39 in 2Q 2023) Second quarter 2024 results: EPS: PK₨0.25 (down from PK₨0.39 in 2Q 2023). Revenue: PK₨969.5m (up 6.2% from 2Q 2023). Net income: PK₨49.4m (down 39% from 2Q 2023). Profit margin: 5.1% (down from 8.8% in 2Q 2023). Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨11.85, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 50% over the past three years. New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (PK₨2.94b market cap, or US$10.6m). Reported Earnings • May 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: PK₨897.4m (up 4.2% from 1Q 2023). Net loss: PK₨7.30m (down 143% from profit in 1Q 2023). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨17.57, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 26% over the past three years. Announcement • Apr 05
TPL Insurance Limited, Annual General Meeting, Apr 25, 2024 TPL Insurance Limited, Annual General Meeting, Apr 25, 2024, at 11:30 Pakistan Standard Time. Location: PSX Auditorium, Stock Exchange Building, Stock Exchange Road Karachi Pakistan Agenda: To approve the minutes of the Extraordinary General Meeting held on June 27, 2023; to receive, consider and adopt the Annual Audited Financial Statements of the Company together with the Directors', Auditors' and Chairman's Review Report thereon for the year ended December 31, 2023.; to appoint Auditors for the year ending December 31, 2024 and fix their remuneration. M/s. BDO Ebrahim & Co., Chartered Accountants retire and being eligible, have offered themselves for re-appointment; and to consider other matters. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨14.48, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 35% over the past three years. New Risk • Feb 24
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 7.4% 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₨2.44b market cap, or US$8.73m). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to PK₨13.50, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 4x in the Insurance industry in Pakistan. Total loss to shareholders of 30% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: PK₨884.5m (up 7.4% from 3Q 2022). Net income: PK₨1.16b (up PK₨1.17b from 3Q 2022). Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨17.12, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 5x in the Insurance industry in Pakistan. Total loss to shareholders of 11% over the past three years. Reported Earnings • Sep 15
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: PK₨913.3m (up 18% from 2Q 2022). Net income: PK₨81.4m (up 113% from 2Q 2022). Profit margin: 8.9% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Announcement • Aug 19
TPL Insurance Limited Announces Executive Changes TPL Insurance Limited announced a change in its Company Secretary position, with Mr. Danish Qazi stepping down and Ms. Shayan Mufti assuming the role effective August 15, 2023. Mr. Danish Qazi, who has been serving as the Company Secretary, has ceased to hold the position as of August 15, 2023. In his tenure, he has contributed to the company's administrative and regulatory functions. Taking over the responsibilities of Company Secretary is Ms. Shayan Mufti, who has been appointed to the role. Her extensive experience and expertise are expected to contribute positively to the company's governance and compliance efforts. The change in leadership reflects TPL Insurance Limited's commitment to maintaining efficient and effective corporate governance practices. The appointment of Ms. Shayan Mufti as the new Company Secretary aims to ensure the smooth continuity of the company's administrative and regulatory functions. Announcement • Jun 02
TPL Insurance Limited (KASE:TPLI) agreed to acquire Assets and Liabilities of New Hampshire Insurance Company's Pakistani Branch. TPL Insurance Limited (KASE:TPLI) agreed to acquire Assets and Liabilities of New Hampshire Insurance Company's Pakistani Branch on May 31, 2023. Board of Directors of TPL Insurance has approved a draft Scheme of Arrangement under Section 279 to Section 282 and Section 285 of the Companies Act, 2017. The successful completion of the transaction is subject to obtaining all necessary regulatory approvals, including the Securities and Exchange Commission of Pakistan's (SECP) endorsement. Upon approval by the High Court of Pakistan, the Scheme of Arrangement will facilitate the seamless transfer of NHIC’s assets and liabilities to TPL Insurance. The completion of the acquisition is anticipated to take place by December 31, 2023. Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: PK₨0.03 (vs PK₨0.065 loss in FY 2021) Full year 2022 results: EPS: PK₨0.03 (up from PK₨0.065 loss in FY 2021). Revenue: PK₨3.12b (up 24% from FY 2021). Net income: PK₨18.3m (up PK₨28.0m from FY 2021). Profit margin: 0.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Director Aqueel Merchant was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: PK₨823.4m (up 29% from 3Q 2021). Net loss: PK₨8.84m (loss narrowed 52% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Buying Opportunity • Aug 03
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be PK₨35.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Jul 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be PK₨35.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • May 11
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. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Non Executive Director Ali Asgher was the last 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. Announcement • Apr 21
TPL Insurance Limited, Annual General Meeting, Apr 25, 2022 TPL Insurance Limited, Annual General Meeting, Apr 25, 2022, at 11:00 Pakistan Standard Time. Location: , Plot No. 32-C, Jami Commercial Street 2, D.H.A., Phase VII Karachi Pakistan Agenda: to receive, consider and adopt the Annual Audited Financial Statements of the Company together with the Chairman’s Review Report, Directors’ and Auditors’ Report thereon for the year ended December 31, 2021; to consider Annual Audited Financial Statements of TPL Insurance Limited, together with the Chairman’s Review Report, Directors’ and Auditors’ Report thereon for the year ended 31 December, 2021 be and are hereby approved. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS PK₨0.35 (vs PK₨0.29 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: PK₨640.4m (up 9.4% from 3Q 2020). Net loss: PK₨18.2m (loss narrowed 28% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: PK₨665.8m (up 14% from 2Q 2020). Net income: PK₨31.0m (down 34% from 2Q 2020). Profit margin: 4.7% (down from 8.1% in 2Q 2020). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨32.60, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 6x in the Insurance industry in Pakistan. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 24% share price gain to PK₨32.14, the stock trades at a trailing P/E ratio of 75.8x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorated over the past week After last week's 24% share price decline to PK₨28.52, the stock trades at a trailing P/E ratio of 67.3x. Average trailing P/E is 7x in the Insurance industry in Pakistan. Total returns to shareholders of 74% over the past three years. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS PK₨0.01 The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: PK₨583.0m (down 3.0% from 1Q 2020). Net loss: PK₨4.18m (down 137% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 24
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: PK₨2.37b (up 3.4% from FY 2019). Net income: PK₨39.8m (up 30% from FY 2019). Profit margin: 1.7% (up from 1.3% in FY 2019). 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 but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 16
New 90-day high: PK₨31.00 The company is up 6.0% from its price of PK₨29.28 on 14 September 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 15% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: PK₨30.50 The company is up 4.0% from its price of PK₨29.40 on 28 August 2020. The Pakistani market is down 3.0% 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. Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 20% share price gain to PK₨28.25, the stock is trading at a trailing P/E ratio of 39.8x, up from the previous P/E ratio of 33.1x. This compares to an average P/E of 13x in the Insurance industry in Pakistan. Total returns to shareholders over the past three years are 94%. Is New 90 Day High Low • Sep 24
New 90-day high: PK₨30.44 The company is up 52% from its price of PK₨20.00 on 25 June 2020. The Pakistani market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 22% over the same period. 