TPLI

⚡ Flash Summary

TPL Insurance reported a 10% increase in Gross Written Premium (GWP) for the nine months ended September 30, 2025, reaching Rs. 4,172 million compared to Rs. 3,793 million in the prior year. Motor insurance remained the key contributor, with a 20.3% increase in GWP. Despite revenue growth, the company’s profit before tax decreased to Rs. 27 million, compared to Rs. 70 million in the corresponding period last year, impacted by Window Takaful Operations. Macroeconomic factors such as reduced policy rates and slight PKR appreciation provided a mixed backdrop.

📌 Key Takeaways

• 📈 GWP increased by 10% reaching Rs. 4,172 million.
• 🚗 Motor insurance GWP grew by 20.3% to Rs. 2,874 million.
• 📊 Miscellaneous segment GWP increased significantly to Rs. 326 million.
• 🛥️ Marine insurance portfolio experienced a 26% year-on-year growth.
• 📉 Profit before tax decreased to Rs. 27 million, compared to Rs. 70 million last year.
• 📉 Decrease in profit before tax is related to Window Takaful Operations.
• ⬇️ Policy rate reduced from 13% to 11%.
• ⬆️ Motor vehicle sales increased by 34%, from 70,985 to 95,019 units.
• 🤝 The company extends its appreciation to stakeholders including the Pakistan Stock Exchange and SECP.
• 🌐 The geographical presence includes Islamabad, Lahore, Faisalabad, Multan, Hyderabad and Karachi.
• 💻 The company website is www.tplinsurance.com
• 🏢 The registered office is located in Sky Tower, Dolmen City, Karachi.
• 🧑‍💼 Mr. Jameel Yusuf (S. St.) is the Chairman.
• 🧑‍💼 Mr. Muhammad Ali Jameel is a Director.
• 🏢 Grant Thornton Anjum Rehman Chartered Accountants are auditors.

🎯 Investment Thesis

Based on the limited information, HOLD is recommended. While the company demonstrates revenue growth, the decline in profitability and lack of detailed financial data warrant a cautious approach. It is recommended to HOLD the stock for the time being, due to the lack of valuation information. The time horizon for this recommendation is MEDIUM_TERM (6-12 months).

⚡ Flash Summary

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

📌 Key Takeaways

• TPLI 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 TPLI. Manual verification required.

⚡ Flash Summary

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

📌 Key Takeaways

• TPLI 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 TPLI. Manual verification required.

⚡ Flash Summary

TPL Insurance Limited plans to issue additional shares under its Employee Share Option Scheme (ESOS). The company has received PKR 2,500,000 in cash as subscription amount for the proposed issue. This issuance will increase the company’s paid-up capital. The auditor, Grant Thornton, has certified the receipt of these funds, confirming that the company received an aggregate subscription amount of Rs. 2,500,000 on September 12, 2025.

📌 Key Takeaways

• ✅ TPL Insurance is issuing additional shares under its Employee Share Option Scheme (ESOS).
• 💰 The company received a subscription amount of PKR 2,500,000 in cash.
• 🗓️ The funds were received on September 12, 2025.
• 🏢 Grant Thornton has certified the receipt of these funds.
• 📜 The share issuance was approved by the Board of Directors on April 27, 2023.
• 📈 The face value of each share is PKR 10.
• 🔢 250,000 shares will be issued as part of this ESOS.
• ⬆️ Paid-up capital before this receipt was PKR 1,983,944,620 (198,394,462 shares).
• ➕ The subscription amount adds PKR 2,500,000 to the paid-up capital.
• ✔️ Revised paid-up capital will be PKR 1,986,444,620 (198,644,462 shares).
• 🔒 The certificate is specifically for submission to the Pakistan Stock Exchange Limited.
• 🚫 The certificate cannot be distributed to other parties without prior written consent.
• 👨‍💼 Management is responsible for the information’s accuracy and disclosure.
• 🔎 Auditor’s responsibility is limited to the information included in the certificate’s scope.

🎯 Investment Thesis

HOLD. The ESOS share issuance is a routine corporate action with a small financial impact. The company appears to be following standard procedures for employee compensation. Investors should continue to monitor the company’s overall financial performance and strategic initiatives. Price target remains unchanged with a 12-month horizon.

⚡ Flash Summary

TPLI announced: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Reg. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• TPLI made announcement: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
• 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 TPLI. Manual verification required.