SHNI

⚡ Flash Summary

SHNI announced: Corporate Briefing Session REVOKED. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SHNI made announcement: Corporate Briefing Session REVOKED
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for SHNI. Manual verification required.

⚡ Flash Summary

SHNI announced: Corporate Briefing Session. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SHNI made announcement: Corporate Briefing Session
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for SHNI. Manual verification required.

⚡ Flash Summary

SHNI announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SHNI made announcement: Board Meeting
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for SHNI. Manual verification required.

⚡ Flash Summary

Shaheen Insurance Company Ltd. has announced a board meeting scheduled for October 30, 2025, to approve the 3rd Quarter 2025 accounts. The meeting will be conducted via video link. In compliance with PSX regulations, a closed period for trading the company’s shares has been declared from October 23 to October 30, 2025. This restriction applies to all Directors, the CEO, and Executives, preventing them from dealing in the company’s shares during this period.

📌 Key Takeaways

• 📅 Board meeting scheduled for October 30, 2025, to approve Q3 2025 accounts.
• 💻 Meeting to be held via video link.
• 🔒 Closed period declared from October 23 to October 30, 2025.
• 🚫 Directors, CEO, and Executives restricted from trading shares during the closed period.
• 📜 Compliance with Clause 5.6.1(d) of PSX Regulations.
• 📢 Notification sent to the General Manager of the Pakistan Stock Exchange.
• 🏢 Registered office is the location of the meeting (via video link).
• 🧾 Focus of the meeting is the Third Quarterly Accounts for the period ended September 30, 2025.
• 💰 Declaration of any entitlement to be considered during the meeting.
• ✉️ Company Secretary, Aqeel Anwar Kamal, signed the announcement.

🎯 Investment Thesis

Given the lack of specific financial information in this announcement, a HOLD recommendation is appropriate. Investors should await the release of the Q3 2025 financial results to make a more informed decision. The announcement itself does not provide a basis for upgrading or downgrading the stock.

⚡ Flash Summary

Shaheen Insurance Company Ltd. has announced a board meeting to be held on October 30, 2025, to consider the Third Quarterly Accounts for the period ended September 30, 2025, and to potentially declare any entitlement. The meeting will be conducted via video link at the Registered Office of the Company. In compliance with PSX Regulations, the company has declared a “Closed Period” from October 23, 2025, to October 30, 2025, during which Directors, the CEO, and Executives are prohibited from dealing in the company’s shares.

📌 Key Takeaways

• 📅 Board meeting scheduled for October 30, 2025, at 12:00 p.m.
• 🏢 Meeting to be held via video link at the Registered Office.
• 📑 Agenda includes consideration of Third Quarterly Accounts ending September 30, 2025.
• 💰 Possible declaration of entitlement during the meeting.
• 🔒 “Closed Period” declared from October 23 to October 30, 2025.
• 🚫 Directors, CEO, and Executives barred from trading shares during the Closed Period.
• 📜 Compliance with Clause 5.6.1(d) of PSX Regulations.
• 📢 TRE Certificate Holders to be informed of the exchange.
• ✉️ Announcement made on October 23, 2025.
• 🏢 Company: Shaheen Insurance Company Limited.
• 📍 Head Office located in Karachi.
• 🌐 Company website: shaheeninsurance.com
• 👤 Company Secretary: Aqeel Anwar Kamal

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The announcement is purely procedural and lacks substantive information to change an existing investment thesis. Further information on the company’s Q3 financial performance is needed to make an informed decision. The price target would be based on a more comprehensive analysis of the company’s financials when they become available. The time horizon is contingent upon the release and assessment of Q3 results.

⚡ Flash Summary

Shaheen Insurance Company Limited (SHNI) reported its unaudited financial results for the nine months ended September 30, 2025. The company experienced a 26.4% growth in gross premium, reaching Rs. 1,324.50 million compared to Rs. 1,048.14 million in the same period last year. Net profit after tax decreased to Rs 96.66 million from Rs 122.84 million in 9M2024, with EPS declining from Rs 1.52 to Rs 1.20 per share. The company’s Insurer Financial Strength rating has been upgraded to ‘A++’ with a ‘Stable’ outlook by PACRA.

📌 Key Takeaways

• 📈 Gross premium increased by 26.4% to Rs. 1,324.50 million (9M2024: Rs. 1,048.14 million).
• ⚠️ Net insurance claims surged to Rs 545.84 million (9M2024: Rs 246.99 million).
• 💰 Business acquisition and management expenses rose to Rs 351.41 million (9M2024: Rs 270.86 million).
• 📉 Investment, rental, and other income declined to Rs 97.65 million (9M2024: Rs. 136.85 million) due to lower policy rates.
• ✅ Profit from Window Takaful Operations (WTO) increased by 6% to Rs 11.67 million (9M2024: Rs 11.03 million).
• ⬆️ Surplus of participants’ Takaful fund rose to Rs 37.25 million (9M2024: Rs 26.28 million).
• ⚠️ Profit before tax decreased to Rs 136.14 million (9M2024: Rs 173.01 million) due to lower investment yields.
• 📉 Net profit after tax declined to Rs 96.66 million (9M2024: Rs 122.84 million).
• 📉 Earnings Per Share (EPS) fell to Rs 1.20 (9M2024: Rs 1.52).
• ✨ Insurer Financial Strength (IFS) Rating upgraded by PACRA from A+ to A++ with ‘Stable’ outlook.
• ⬆️ Authorized Capital increased to Rs. 2.5 billion.
• ⬆️ Paid-Up Capital increased to Rs. 806.25 million following a 25% bonus share issue.
• ⬆️ Shareholder’s Equity grew to Rs. 1.947 billion as at September 30, 2025.

🎯 Investment Thesis

Given the recent earnings decline, coupled with a strong IFS rating, a HOLD recommendation is appropriate. We are revising our price target based on industry multiples. There is growth in the overall business but this is offset by lower investment yields. The time horizon is medium-term.