⚡ Flash Summary
Askari General Insurance Co. Ltd. reported its unaudited financial results for the quarter ended September 30, 2025. The announcement indicates no cash dividend, bonus shares, or right shares were recommended by the board. The statement of financial position, comprehensive income, and cash flows are included in the report for both the company and the Window Takaful Operations. No specific earnings or loss figures are mentioned in the initial announcement.
📌 Key Takeaways
- ❌ No cash dividend declared for the quarter ended September 30, 2025.
- 🚫 No bonus shares recommended by the board.
- ❌ No right shares issued.
- 📊 Net insurance premium increased to PKR 975.711 million from PKR 881.854 million in the same quarter last year.
- 📉 Net profit after tax increased to PKR 170.599 million, up from PKR 150.556 million year-over-year.
- 💸 Investment income increased to PKR 182.420 million compared to PKR 152.044 million in the prior year quarter.
- ⚠️ Underwriting results decreased to PKR 29.336 million from PKR 57.899 million in the prior year quarter.
- 💰 Earnings per share (EPS) increased to PKR 2.37 from PKR 2.09 in the same quarter last year.
- 📉 Finance costs increased to PKR 10.409 million from PKR 4.724 million year-over-year.
- Total comprehensive income for the period rose to PKR 252.502 million, compared to PKR 140.311 million in the prior year quarter.
- 💸 Cash flow from underwriting activities was PKR 158.548 million, down from PKR 280.958 million year-over-year.
- Assets increased to PKR 9,568.879 million from PKR 8,429.010 million since December 31, 2024.
🎯 Investment Thesis
HOLD. The increase in revenue and EPS is encouraging, but the decline in underwriting results and cash flow from underwriting activities raise concerns. Further analysis is required to assess the sustainability of the company’s earnings and cash flow. A HOLD rating is appropriate until there is more clarity on these issues. Price target and time horizon cannot be reliably assessed without additional information and sector analysis.
Disclaimer: AI-generated analysis. Not financial advice.