Karachi, Askari General Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 15, 2023.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2022 which portrayed a profit of Rs. 343,573,000 and Rs. 352,072,000 with earnings per share 4.82 and 4.94 basic and diluted respectively.
Further, 29% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 21, 2023 to April 28, 2023 (both days inclusive).
Askari General Insurance Company Limited was incorporated in 1995. It is a Public Limited Company, registered and supervised by Securities and Exchange Commission of Pakistan. The shares of the company are quoted on Pakistan Stock Exchange with the symbol “AGIC” used for the shares of the company.
The Company is engaged in non-life insurance business comprising of fire, marine, motor, health, miscellaneous, and has a subsidiary of Army Welfare Trust.
The total number of shares company has issued so far are 71,901,898. Earning Per Share is 5.50 in 2020 which was 5.03 in 2019. The Net Profit Margin percentage has increased in 2020 and is 21.24% which was 17.95 % in 2019.