Pakistan Reinsurance Company Limited

Condensed Interim Statement of Profit and Loss Account (Unaudited)

For the period ended March 31, 2023

Note

Net insurance premium

17

Net Insurance claims

18

Net Commission and other acquistion costs

19

Premium deficiency reserve expense

Insurance claims and acquisition expenses

Management Expenses

Provision for doubtful debts

Underwriting results

Investment income

Rental income - net

Finance cost

Other income

20

Other expenses

Profit before tax from general operations

Profit from Window Retakaful Operations

Profit before tax

Income tax expense

21

Profit after tax

Earnings (after tax) per share - Rupees

2023

2,451,457,968

(1,635,945,817)

(263,647,567)

-

(1,899,593,384)

(224,610,588)

-

327,253,996

408,232,290

35,420,912

(17,643)

195,080,454

(2,993,758)

962,976,251

3,060,890

966,037,141

(316,302,565)

649,734,576

0.72

2022

2,279,839,009

(1,412,049,025)

(255,475,660)

-

(1,667,524,685)

(210,688,348)

-

401,625,976

264,240,193

21,928,827

(25,857)

21,247,698

(236,498)

708,780,339

2,049,220

710,829,559

(233,318,788)

477,510,771

0.53

The annexed notes 1 to 28 form an integral part of this condensed interim financial information.

CFO

CEO

DIRECTOR

DIRECTOR

CHAIRMAN

2

PAKISTAN REINSURANCE COMPANY LIMITED - WINDOW RETAKAFUL OPERATIONS CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS

FOR THE PERIOD ENDED MARCH 31, 2023

2022

2021

Note

-------------Rupees------------

PARTICIPANTS' RETAKAFUL FUND

Revenue account

Contribution earned

16

354,146,374

246,746,107

Less: contributions ceded to retrotakaful

16

(31,189,342)

(26,140,171)

Net contribution revenue

16

322,957,032

220,605,936

Wakala fee expense

17

(70,829,275)

(49,349,221)

Net underwriting income

252,127,757

171,256,715

Net claims - reported/ settled - IBNR

18

(185,374,508)

(127,801,953)

Charge of contribution deficiency reserve -net

-

Surplus before investment income

66,753,249

43,454,762

Investment income

777,772

859,424

Other income

-

10,672,196

Less: Modarib's fee

(194,443)

(2,882,905)

Surplus before taxation

67,336,578

52,103,477

Taxation

(116,666)

(359,164)

Surplus transferred to accumulated surplus

67,219,912

51,744,313

OPERATOR'S RETAKAFUL FUND

Revenue account

Wakala fee income

17

Commission expense

19

General, administrative and management expenses

Investment income

Other income

Modarib's fee

Profit before taxation

Taxation

Profit after taxation

70,829,275

(61,103,349)

(5,510,558)

4,215,368

158,682

-

194,443

353,125

4,568,493

(1,507,603)

3,060,890

49,349,221

(48,633,182)

(2,253,795)

(1,537,756)

138,614

1,362,377

2,882,905

4,383,896

2,846,140

(796,919)

2,049,220

The annexed notes 1 to 24 form an integral part of these financial statements

CFO

CEO

DIRECTOR

DIRECTOR

CHAIRMAN

23

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Pakistan Reinsurance Company Ltd. published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 10:40:02 UTC.