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IGI Life: Financial Results for the Quarter Ended 31-March-2018

IM Insights
By IM Insights
4 years ago
IGI Life: Financial Results for the Quarter Ended 31-March-2018


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  1. IGI Life Insurance Limited 0 1 6 7th Floor , The Forum Suite No. 701-713, 6-20, Block»9 Khayaban.e.)ami’ C|ifton Window Takaful Operations Karachi-75600. Pakistan UAN:111-111-711 Tel : +92.21.35360040 Fax : +9211 35290042 CS/PSX/2018/046 April 23, 2018 www,igilife.com.pk The General Manager Exchange Stock Exchange Building Pakistan Stock Stock Exchange Road Karachi-74000 FINANCIAL RESULTS FOR THE Dear QUARTER ENDED MARCH 31l 2018 Sir, We have to inform you that the Board of Directors of Monday, April 23, 2018 recommended the CASH DIVIDEND / BONUS SHARES/ our Company in their meeting held at 03:30 pm on following: RIGHT SHARES Cash Dividend Final cash dividend @ Rs. nil Right / Share i.e. nil% Shares NIL Bonus Shares NIL Corporate Action/ Price-Sensitive Information N IL Financial Results of the company are given below: Quarter Ended March 31. ' COMPREHENSNE INCOME 2018 2017 m—Rs'ooom (Restated) OPERATING INCOME Premiums less reinsurances net 01 reinsurance commission ~ Policy translers from other statutory funds l-let Investment Income Other income~net Total Net Income 1,419,023 1.674.758 - - 257.891 330,696 23.274 1.700.188 26,832 2.032.286 (1.266.002) (3.909) (180.459) (164.464) (6.344) (1,621,178) (1,040,379) (612,528) (164.274) (132,604) (3.623) (1,953,408) OPERATING EXPENSES Claims. including bonuses. net 01 reinsurances recoveries Change in Insurance Liabilities - net Acqursition expenses Marketing and administration expenses Other expenses Total Claims and Expenditure Page 1 of 2
  2. [G] l Life Profit before tax 79,010 (excluding participating fund) (55) (13081) 72.955 55.791 174.055 (163.127) 25.226 income tax expense Profit after tax Other (excluding participating tund) comprehensive income: Change in unrealiseo gains i (losses) a'railaeie-lor-sale financiai assets Change in insurance Liabilities net on - net of tax - Other 78,378 comprehensive income tor the Total comprehensive income for the Balance at me 10.928 (23.301) 89.883 42,496 903,621 1,065,651 89.883 42.496 period period (48.627) m ._.._._______..__._—— C a D) beginning of the period (including ledger account {restated} Total Less: comprehensive income tonne period (restated) Appropriations . Final Dividend Balance at the beginning oime period (inducing ledger account C & D) {restated} 993,504 ft.017,397 WW: .. ..... ..........Rupees..... 1.12 Earning per share (restated) Yours (90,750) ......... 0.93 truly Copy to: Yasir Ali Q aishi Company Secretary The Director, insurance Division, SECP, Islamabad. islamabad -The Director, Securities Market Division, SECP, - Page 2 of 2