IGI Life Insurance: Annual Financial Results Dec 2024

IGI Life Insurance Limited (PSX: IGIL) has announced its financial results for the year ended December 31, 2024. The company reported a profit after tax of Rs 279 million, a significant decline compared to Rs 142.7 million in the previous year.

Earnings per share (EPS) stood at Rs 1.64, whereas last year it was Rs 0.84. No cash dividend was declared for the current year.

Net premium increased to Rs 13 billion from Rs 7.6 billion in the previous year, reflecting substantial growth in premium income.

The last cash dividend by the company was in 2018. In 2019, IGIL issued 142% right shares as part of its capital restructuring efforts.

The company's current market price is Rs 17 per share. Over the past six months, the stock price has increased by 15%, while over the last year, it has risen by 31%.

IGI Life Insurance Limited operates in the life insurance sector, conducting both participating and non-participating business. Additionally, the company provides Shariah-compliant family takaful products as an approved window takaful operator. IGIL is a subsidiary of IGI Holdings Limited.

https://dps.psx.com.pk/download/document/249870.pdf

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