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Insurance

PRIC Progressive Insurance Company Limited

Latest results: FY2024 · Dec 2024

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Last close · 22 Apr 2009

Rs 1.13 0.00%

Annual · FY2016 – FY2024

Progressive Insurance Company Limited (PRIC) balance sheet

At the end of FY2024 (Jan – Dec 2024) Progressive Insurance Company Limited had total assets of Rs 139.9 mn, down 3.1% on FY2023. Shareholders' equity was Rs 135.6 mn (Rs 8.40 per share), 96.9% of total assets.

PRIC balance sheet (annual) (Rs mn)
Rs mn FY2024 * Jan – Dec 2024 FY2023 * Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 * Jan – Dec 2020
Assets
Cash & cash equivalents 0.0 0.0 0.2 0.3 0.6
Investments 3.8 3.7 3.5 3.9 115.4
Premium receivables — — — 0.0 0.0
Total assets 139.9 144.4 122.8 122.9 123.3
Liabilities
Insurance reserves — — 0.0 0.0 0.0
Total liabilities 4.3 4.9 4.5 18.9 9.8
Equity
Equity attributable to shareholders 135.6 139.5 118.3 103.9 113.5
Total equity 135.6 139.5 118.3 103.9 113.5
Total liabilities & equity 139.9 144.4 122.8 122.9 123.3
Key figures
Shares outstanding mn 16.2 16.2 16.2 16.2 16.2
Common equity 135.6 139.5 118.3 103.9 113.5
Book value per share (Rs) Rs 8.40 8.64 7.32 6.43 7.03
PRIC balance sheet — year-on-year change (Rs mn)
Rs mn FY2024 * Jan – Dec 2024 FY2023 * Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 * Jan – Dec 2020
Assets
Cash & cash equivalents +51.0% -93.6% -31.6% -51.9% +2,853.0%
Investments +3.1% +7.2% -10.9% -96.6% +0.2%
Premium receivables — — — — —
Total assets -3.1% +17.6% -0.0% -0.3% +0.7%
Liabilities
Insurance reserves — — — — —
Total liabilities -12.0% +8.4% -76.0% +93.4% +28.1%
Equity
Equity attributable to shareholders -2.8% +17.9% +13.8% -8.4% -1.1%
Total equity -2.8% +17.9% +13.8% -8.4% -1.1%
Total liabilities & equity -3.1% +17.6% -0.0% -0.3% +0.7%
Key figures
Shares outstanding — — — — —
Common equity -2.8% +17.9% +13.8% -8.4% -1.1%
Book value per share (Rs) -2.8% +17.9% +13.8% -8.4% -1.1%

Change against the previous fiscal year; shown when the earlier figure is positive.

PRIC balance sheet — common size (Rs mn)
Rs mn FY2024 * Jan – Dec 2024 FY2023 * Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 * Jan – Dec 2020
Assets
Cash & cash equivalents 0.0% 0.0% 0.2% 0.2% 0.5%
Investments 2.7% 2.6% 2.8% 3.2% 93.6%
Premium receivables — — — 0.0% 0.0%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Insurance reserves — — 0.0% 0.0% 0.0%
Total liabilities 3.1% 3.4% 3.7% 15.4% 7.9%
Equity
Equity attributable to shareholders 96.9% 96.6% 96.3% 84.6% 92.1%
Total equity 96.9% 96.6% 96.3% 84.6% 92.1%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Common equity 96.9% 96.6% 96.3% 84.6% 92.1%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 15 Oct 2026.

All reported line items 84
PRIC balance sheet — all reported line items (Rs mn)
Rs mn FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 Jan – Dec 2020
Cash & Cash Equivalents 0.0 0.0 0.2 0.3 0.6
Receivables - Total 2.1 5.6 5.5 5.3 5.4
Insurance Premium Receivables — — — 0.0 0.0
Receivables - Other 2.1 5.6 5.5 5.3 5.4
Investments including Loans - Total 3.8 3.7 3.5 3.9 115.4
Investment Securities - Available for Sale, Held to Maturity & Held for Trading - Total 2.6 2.5 2.2 2.6 2.7
Investment Securities - Equity 2.6 2.5 2.2 2.6 2.7
Investment Property — — — 0.0 111.5
Investments - Other - Total 1.3 1.3 1.3 1.3 1.3
Property, Plant & Equipment - Net - Total 20.7 21.8 0.4 0.4 0.3
Other Assets - Total 1.7 1.7 1.7 1.5 1.5
Accrued Investment Income 0.2 0.2 0.2 — —
Prepaid Expenses - Total 0.5 0.5 0.5 0.5 0.5
Other Assets 1.0 1.0 1.0 1.0 1.0
Total Assets 139.9 144.4 122.8 122.9 123.3
Insurance Reserves - Total — — 0.0 0.0 0.0
Debt - Total — — — 14.9 8.8
Policy & Contract Claims - Gross — — 0.0 0.0 0.0
Debt - Long-Term - Total — — — 14.9 8.8
Long-Term Debt excluding Capitalized Leases — — — 14.9 8.8
Debt - Non-Convertible - Long-Term — — — 14.9 8.8
Dividends Payable 0.3 0.3 0.3 0.3 0.3
Payables & Accrued Expenses 0.9 1.5 1.1 0.7 0.7
Accrued Expenses 0.6 1.1 0.8 0.3 0.3
Payable - Reinsurance & Brokers/Agents — — — — —
Other Liabilities - Total 3.1 3.1 3.1 3.1 —
Other Payables - Total 0.4 0.4 0.4 0.4 0.4
Other Liabilities - 3.1 3.1 3.1 3.1 —
Total Liabilities 4.3 4.9 4.5 18.9 9.8
Shareholders' Equity - Attributable to Parent Shareholders - Total 135.6 139.5 118.3 103.9 113.5
Common Equity Attributable to Parent Shareholders 135.6 139.5 118.3 103.9 113.5
Common Equity - Contributed 161.5 161.5 161.5 161.5 161.5
Common Stock - Issued & Paid 161.5 161.5 161.5 161.5 161.5
Equity - Non-Contributed - Reserves & Retained Earnings (25.9) (22.0) (43.2) (57.6) (48.0)
Retained Earnings - Total (90.5) (78.2) (69.4) (57.6) (48.0)
Comprehensive Income - Accumulated - Total 1.8 1.6 — — —
Other Reserves/Equity - Total 62.9 54.5 26.2 — —
Common Equity - Total 135.6 139.5 118.3 103.9 113.5
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 135.6 139.5 118.3 103.9 113.5
Total Liabilities & Equity 139.9 144.4 122.8 122.9 123.3
Comprehensive Income - Other - Total 1.8 1.6 — — —
Common Shares - Issued - Total mn 16.2 16.2 16.2 16.2 16.2
Common Shares - Outstanding - Total mn 16.2 16.2 16.2 16.2 16.2
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 20.0 20.0 — — —
Common Shares - Issued - Issue Specific mn 16.2 16.2 16.2 16.2 16.2
Common Shares - Outstanding - Issue Specific mn 16.2 16.2 16.2 16.2 16.2
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Debt including Finance and Operating Lease Liabilities - Supplemental — — — 14.9 8.8
Net Debt (0.0) (0.0) (0.2) 14.6 8.2
Asset Accruals (0.0) (0.0) (0.2) (0.3) (0.6)
Cash & Cash Equivalents - Total 0.0 0.0 0.2 0.3 0.6
Cash & Securities 3.8 3.7 3.5 3.9 115.4
Cash & Short Term Investments - Total 0.0 0.0 0.2 0.3 0.6
Debt - including Preferred Equity & Minority Interest - Total — — — 14.9 8.8
Earning Assets 3.8 3.7 3.5 3.9 115.4
Equity Securities & Real Estate 2.6 2.5 2.2 2.6 114.2
Invested Assets - Total 3.8 3.7 3.5 3.9 115.4
Investment Securities 2.6 2.5 2.2 2.6 2.7
Investments - Permanent — — — 0.0 111.5
Net Book Capital 135.6 139.5 118.1 118.5 121.7
Net Operating Assets 135.6 139.5 118.1 118.5 121.7
Non-Reserve Liabilities — — 4.5 18.9 9.8
Shareholders Equity - Common 135.6 139.5 118.3 103.9 113.5
Tangible Total Equity 135.6 139.5 118.3 103.9 113.5
Tangible Book Value 135.6 139.5 118.3 103.9 113.5
Total Book Capital 135.6 139.5 118.3 118.8 122.3
Total Capital 135.6 139.5 118.3 118.8 122.3
Total Long Term Capital 135.6 139.5 118.3 103.9 113.5
Book Value excluding Other Equity 72.7 85.0 92.1 103.9 113.5
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term 111.5 111.5 111.5 111.5 —
Cash & Short Term Investments - Net of Debt 0.0 0.0 0.2 (14.6) (8.2)
Interest Bearing Liabilities - Total — — — 14.9 8.8
Net Debt Including Preferred Equity & Minority Interest (0.0) (0.0) (0.2) 14.6 8.2
Other Short-Term & Long-Term Assets - Total 1.7 1.7 1.7 1.5 1.5
Other Short-Term & Long-Term Liabilities - Total 3.1 3.1 3.1 3.1 —
Tangible Book Value excluding Other Equity 72.7 85.0 92.1 103.9 113.5
Total Debt Excluding Islamic — — — 14.9 8.8
Investment in Equity, Real Estate & Mortgages 2.6 2.5 2.2 2.6 114.2
Book Value excluding Accumulated Comprehensive Income 133.8 137.8 — — —
Benefit & Claims Reserves - Gross — — 0.0 0.0 0.0
Reinsurance Liabilities — — — — —
Cash in Hand & with Banks - Total 0.0 0.0 0.2 0.3 0.6

Every line the company reported, in the original order and wording, without regrouping or signs changed.