Karachi, In a significant development, The Pakistan General Insurance Company Limited has revealed its un-audited financial results for the first half of the year, ending on June 30, 2023. The company's Board of Directors held a meeting on Wednesday, August 30, 2023, at its registered office to discuss various financial matters. The outcome of the meeting encompasses several key decisions.

Key Decisions:

1. Financial Results: The Board of Directors has made the following determinations regarding financial matters:

a. Cash Dividend: Nil

b. Bonus Shares: Nil

c. Right Issue: Nil

d. Any other Entitlement/Corporate Action: Nil

e. Any other Price-Sensitive Information: Nil

2. Financial Performance: The company's condensed interim statement of comprehensive income for the six-month period ended June 30, 2023, revealed the following financial results:

Net Insurance Premium: Rs. 565,000

Net Insurance Claims: (Rs. 4,157,516)

Net Commission and Other Acquisition Costs: (Rs. 7,576,054)

Insurance Claims and Acquisition Expenses: (Rs. 4,157,516)

Management Expenses: (Rs. 1,410,139)

Underwriting Results: (Rs. 366,627)

Investment Income: (Rs. 1,863,395)

Rental Income: (Rs. 9,196)

Other Income: (Rs. 13,411)

Results of Operating Activities: (Rs. 5,576,851)

Finance Cost: (Rs. 9,452,860)

Loss Before Taxation: (Rs. 5,576,851)

Income Tax Expense / Loss After Taxation: Not specified in the provided information.

3. Other Comprehensive Income: The company also reported other comprehensive income, which includes an unrealized loss on available-for-sale investments net of deferred tax. This resulted in a comprehensive loss for the period.

4. Loss Per Share: The loss per share was reported as (Rs. 0.20).

This announcement signifies the company's commitment to transparency and its fiduciary responsibility to its shareholders and stakeholders. The Board's decisions and the financial results indicate the company's financial performance and strategic direction during the specified period. Further details and insights into the company's performance will likely be provided as the information undergoes the audit process and is presented in more comprehensive financial statements.