Atlas Insurance Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 28, 2018
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Atlas Insurance Limited announced unaudited earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net insurance premium of PKR 367,129,000 against PKR 320,507,000 a year ago. Underwriting result was PKR 164,336,000 against PKR 141,050,000 a year ago. Results of operating activities were PKR 275,774,000 compared to PKR 258,505,000 a year ago. Profit before tax was PKR 279,467,000 against PKR 257,871,000 a year ago. Profit after tax for the period was PKR 171,535,000 or PKR 2.44 earnings per share against PKR 171,315,000 or PKR 2.44 earnings per share a year ago.
For the six months, the company reported net insurance premium of PKR 723,428,000 against PKR 619,029,000 a year ago. Underwriting result was PKR 310,576,000 against PKR 271,132,000 a year ago. Results of operating activities were PKR 479,194,000 compared to PKR 490,021,000 a year ago. Profit before tax was PKR 484,150,000 against PKR 489,519,000 a year ago. Profit after tax for the period was PKR 308,670,000 or PKR 4.40 earnings per share against PKR 331,163,000 or PKR 4.72 earnings per share a year ago.
Atlas Insurance Limited is a Pakistan-based company, which is engaged in the general insurance business. Its segments include fire and property damage, marine, aviation and transport, motor and miscellaneous. Its fire and property damage segment offers compensation to the insured individual or firm in the event of loss or damage to the property insured, such as buildings, stock, machinery and other contents caused by fire and/or lightning during the period of insurance. The marine, aviation and transport segments cover loss of and/or damage to the insured goods carried by sea, by air and rail/road transit. Its motor segment provides coverage against accidental own damage, theft of the vehicle and third-party liability for property damage and bodily injury and/or death. The miscellaneous segment provides a range of coverage, including money insurance, personal accident, crop, livestock, terrorism, fidelity guarantee, workman's compensation, third party liability and others.
ATLAS INSURANCE LIMITED 
