Financial Analysis
Comprehensive overview of TPL Insurance's financial performance and key ratios over the years.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Gross premium written | 5,020 | 4,085 | 3,823.1 | 3,284.0 | 2,746.9 | 2,505.3 |
| Net premium revenue | 3,424 | 3,085 | 3,066.0 | 2,398.4 | 2,163.1 | 2,136.2 |
| Underwriting expenses | -3,387 | -3,240 | -2,880.7 | -2,280.5 | -2,046.8 | -2,024.5 |
| Underwriting results | 36.9 | -154.8 | 185.3 | 117.8 | 116.3 | 111.7 |
| Investment income and other income | 467.7 | 531.5 | 146.7 | 110.8 | 204.1 | 152.1 |
| Other expenses | -359.8 | -283.1 | -267.0 | -233.9 | -240.8 | -207.8 |
| Surplus on merger | – | 1,079 | – | – | – | – |
| Profit / (Loss) before tax for the year | 144.6 | 1,172 | 65.1 | -5.2 | 79.6 | 56.0 |
| Profit / (Loss) after tax | 71.6 | 1,127 | 18.3 | -9.7 | 39.8 | 30.5 |
| Other Comprehensive Income | 40.6 | -38.0 | -81.5 | 196.4 | 22.4 | -4.4 |
| Total Comprehensive Income | 112.2 | 1,089 | -63.2 | 186.6 | 62.2 | 26.1 |
| Balance Sheet | ||||||
| Paid up share capital | 2,027 | 2,027 | 2,027 | 1,393.1 | 946.7 | 946.7 |
| Retained Earnings / Accumulated losses | 481.1 | 459.9 | -59.8 | -65.3 | -164.5 | -114.0 |
| Other comprehensive income reserve | 110.2 | 69.5 | 107.5 | 189.0 | -7.3 | -29.7 |
| Other capital reserves | 124.6 | 124.6 | 124.6 | 77.6 | 24.1 | – |
| Participant’s Takaful Fund | 7.7 | -42.6 | -54.7 | -67.5 | 41.4 | -48.9 |
| Total Equity | 2,750.5 | 2,638.2 | 2,144.3 | 1,526.9 | 840.4 | 754.1 |
| Investments | 2,081.6 | 2,256.0 | 1,740.0 | 1,390.4 | 920.8 | 729.4 |
| Fixed assets | 321.3 | 300.8 | 422.0 | 401.2 | 257.5 | 426.5 |
| Capital work in progress | – | – | – | – | - | 2.6 |
| Cash and bank deposits | 2,472.1 | 1,996.5 | 1,569.4 | 1,046.4 | 913.4 | 702.4 |
| Other assets | 3,064.0 | 2,755.4 | 2,241.0 | 1,987.1 | 1,409.5 | 1,105.2 |
| Total Assets | 7,939.0 | 7,308.7 | 5,971.5 | 4,786.1 | 3,501.2 | 2,966.1 |
| Underwriting liabilities | 3,636.4 | 3,075.8 | 2,795.6 | 2,393.3 | 1,970.8 | 1,505.1 |
| Other liabilities | 1,552.0 | 1,594.7 | 1,031.5 | 929.9 | 690.0 | 706.9 |
| Total Liabilities | 5,188.4 | 4,670.8 | 3,827.1 | 3,259.2 | 2,660.8 | 2,212.0 |