Rawalpindi: Askari General Insurance Company Limited has declared its financial results for the year ending December 31, 2024. The announcement was made following a Board of Directors meeting held on March 18, 2025, at 10:30 a.m. in Rawalpindi.

The Board has recommended a final cash dividend of Rs. 2.5 per share, equivalent to 25 percent, for the fiscal year 2024. This is in addition to the interim dividends already disbursed, which stood at Rs. 2.00 per share, amounting to 20 percent. There will be no issuance of bonus shares or rights shares, and no other corporate actions were noted.

According to information available from the Pakistan Stock Exchange (PSX), the company reported a net insurance premium of Rs. 3,403.93 million for 2024, up from Rs. 2,851.21 million in the previous year. Net insurance claims amounted to Rs. 2,334.71 million, a rise from Rs. 1,794.06 million in 2023. The underwriting results increased to Rs. 197.53 million compared to Rs. 173.23 million in the prior year.

The company recorded a profit before tax of Rs. 1,060.09 million, up from Rs. 772.43 million in 2023, with income tax expenses totaling Rs. 404.19 million. The profit after tax was Rs. 655.90 million, showing an increase from Rs. 432.52 million the previous year. Earnings per share rose to Rs. 9.12 from Rs. 6.02.

Askari General Insurance's investment income for the year was Rs. 660.07 million, alongside additional income sources such as rental income of Rs. 7.01 million and other income of Rs. 92.90 million. The results of operating activities totaled Rs. 946.32 million, up from Rs. 691.23 million in the previous year.

The Annual General Meeting (AGM) is scheduled for April 29, 2025, at 10:30 a.m. in Rawalpindi. The entitlement will be paid to shareholders on the Register of Members by April 21, 2025. The Share Transfer Books will be closed from April 22 to April 29, 2025.

The company's cash flow statement indicated net cash generated from operating activities at Rs. 38.48 million, with investing activities generating a positive cash flow of Rs. 900.02 million. Financing activities resulted in a cash outflow of Rs. 440.17 million, leading to a net cash increase of Rs. 115.67 million over the year. Cash and cash equivalents at the end of the period were Rs. 430.66 million.

The annual report will be made available through PUCARS within the specified time, providing comprehensive financial details.