The profit after tax of Adamjee Insurance Company has increased to Rs 1,358.599 million in the quarter ended September 30, 2016 as compared to Rs 580.447 million earned in the corresponding quarter in 2015. The board of directors of the company in its meeting declared that the company’s earning per share has surged to Rs 3.88 in the period under review against Rs 1.66 in the same period last year.
According to the results, the company’s net premium revenue increased to Rs 2.516 billion in this period against Rs 2.046 billion in the same period last year while net claims increased to Rs 1.623 billion against Rs 1.250 billion. The company’s profit before tax increased to Rs 1,587.833 million in this period against Rs 623.659 million in the same period last year. The company’s profit after tax for nine month period ended September 30, 2016 increased to Rs 2.834 billion translating into earning per share of Rs 8.10 as compared to PAT of Rs 2.178 billion with EPS of Rs 6.23 in the same period last year.
