Skip to content
Smart Money

Insurance

SSIC Silver Star Insurance Company Limited

Latest results: FY2013 · Dec 2013

Last close · 31 Aug 2015

Rs 6.34 -1.40%

Annual · FY1998 – FY2013

Silver Star Insurance Company Limited (SSIC) income statement

Silver Star Insurance Company Limited reported total income of Rs 254.1 mn for FY2013 (Jan – Dec 2013), up 14.2% on FY2012. Tax of Rs 9.9 mn took 87.2% of pre-tax profit. Profit attributable to shareholders was Rs 1.4 mn, down 96.5% on FY2012, or Rs 0.05 per share.

SSIC income statement (annual) (Rs mn)
Rs mn FY2013 * Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 Jan – Dec 2010 FY2009 Jan – Dec 2009 FY2008 Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006 FY2005 Jan – Dec 2005 FY2004 Jan – Dec 2004 FY2003 Jan – Dec 2003 FY2002 Jan – Dec 2002 FY2001 Jan – Dec 2001 FY2000 Jan – Dec 2000 FY1999 Jan – Dec 1999 FY1998 Jan – Dec 1998
Net premium earned 229.7 220.0 188.4 154.1 147.9 139.7 120.0 86.3 42.0 19.4 14.8 11.5 14.0 16.0 20.5 17.2
Investment income (net) 23.8 2.0 3.5 9.0 (5.4) 12.1 13.2 13.2 2.7 1.4 1.0 0.8 — — — —
Total income 254.1 222.6 192.3 163.5 142.9 152.4 134.8 101.8 52.9 24.6 17.4 13.8 25.5 31.7 35.5 33.2
Net claims & benefits (90.7) (25.4) (34.0) (40.9) (28.5) (16.0) (25.5) (20.3) (6.9) (4.4) (4.2) (2.9) (4.3) (4.5) (4.7) 3.3
Acquisition & underwriting expenses — — — — — — — — — — — — (3.7) (5.5) (6.0) (6.0)
Profit before tax 11.3 47.2 48.1 38.7 38.7 82.3 77.8 54.0 27.7 7.3 4.2 3.4 5.3 3.5 3.3 1.1
Taxation (9.9) (5.7) 0.3 2.5 (0.8) (7.5) (2.2) (0.5) (0.3) (0.2) (0.0) (0.6) (0.7) (1.0) (1.0) (0.4)
Profit after tax 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1 4.2 2.8 4.5 2.5 2.3 0.7
Profit attributable to shareholders 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1 4.2 2.8 4.5 2.5 2.3 0.7
Per share
EPS – basic (Rs) Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29 0.27 0.18 0.39 0.29 0.26 0.09
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
SSIC income statement — year-on-year change (Rs mn)
Rs mn FY2013 * Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 Jan – Dec 2010 FY2009 Jan – Dec 2009 FY2008 Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006 FY2005 Jan – Dec 2005 FY2004 Jan – Dec 2004 FY2003 Jan – Dec 2003 FY2002 Jan – Dec 2002 FY2001 Jan – Dec 2001 FY2000 Jan – Dec 2000 FY1999 Jan – Dec 1999 FY1998 Jan – Dec 1998
Net premium earned +4.4% +16.8% +22.3% +4.2% +5.9% +16.4% +39.1% +105.2% +116.2% +31.8% +28.7% -18.3% -12.4% -22.0% +19.4% —
Investment income (net) +1,073.9% -41.9% -61.2% — -144.2% -8.2% +0.4% +383.0% +101.3% +31.1% +36.4% — — — — —
Total income +14.2% +15.7% +17.6% +14.4% -6.2% +13.1% +32.4% +92.5% +114.6% +41.2% +26.4% -45.9% -19.5% -10.8% +7.0% —
Net claims & benefits +257.7% -25.4% -16.9% +43.7% +77.4% -37.0% +25.8% +192.7% +58.2% +3.2% +44.2% -31.2% -4.5% -4.8% — —
Acquisition & underwriting expenses — — — — — — — — — — — — -33.5% -8.3% +1.0% —
Profit before tax -76.1% -1.9% +24.3% +0.1% -53.0% +5.8% +44.1% +95.1% +277.9% +74.9% +23.2% -35.3% +49.1% +5.7% +215.3% —
Taxation +72.7% — — -412.6% -89.4% +234.3% +318.0% +101.5% +34.8% +890.0% -96.7% -15.2% -27.2% -1.8% +150.0% —
Profit after tax -96.5% -14.3% +17.5% +8.8% -49.3% -1.0% +41.3% +95.0% +284.6% +71.0% +49.2% -38.5% +78.5% +9.0% +255.1% —
Profit attributable to shareholders -96.5% -14.3% +17.5% +8.8% -49.3% -1.0% +41.3% +95.0% +284.6% +71.0% +49.2% -38.5% +78.5% +9.0% +255.1% —
Per share
EPS – basic (Rs) -96.5% -14.3% -2.7% -9.4% -49.3% +6.2% +52.7% +95.0% +284.6% +6.9% +49.2% -53.4% +37.3% +9.0% +195.9% —
Dividend per share (Rs) — — — — — — — — — — — — — — — —

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

SSIC income statement — common size (Rs mn)
Rs mn FY2013 * Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 Jan – Dec 2010 FY2009 Jan – Dec 2009 FY2008 Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006 FY2005 Jan – Dec 2005 FY2004 Jan – Dec 2004 FY2003 Jan – Dec 2003 FY2002 Jan – Dec 2002 FY2001 Jan – Dec 2001 FY2000 Jan – Dec 2000 FY1999 Jan – Dec 1999 FY1998 Jan – Dec 1998
Net premium earned 90.4% 98.8% 98.0% 94.2% 103.5% 91.6% 89.1% 84.8% 79.5% 78.9% 84.6% 83.0% 54.9% 50.5% 57.7% 51.7%
Investment income (net) 9.4% 0.9% 1.8% 5.5% (3.8%) 8.0% 9.8% 13.0% 5.2% 5.5% 5.9% 5.5% — — — —
Total income 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Net claims & benefits (35.7%) (11.4%) (17.7%) (25.0%) (19.9%) (10.5%) (18.9%) (19.9%) (13.1%) (17.8%) (24.3%) (21.3%) (16.7%) (14.1%) (13.2%) 10.0%
Acquisition & underwriting expenses — — — — — — — — — — — — (14.4%) (17.4%) (16.9%) (17.9%)
Profit before tax 4.4% 21.2% 25.0% 23.7% 27.1% 54.0% 57.7% 53.0% 52.4% 29.7% 24.0% 24.6% 20.6% 11.1% 9.4% 3.2%
Taxation (3.9%) (2.6%) 0.2% 1.5% (0.6%) (4.9%) (1.7%) (0.5%) (0.5%) (0.8%) (0.1%) (4.4%) (2.8%) (3.1%) (2.8%) (1.2%)
Profit after tax 0.6% 18.7% 25.2% 25.2% 26.5% 49.1% 56.1% 52.5% 51.8% 28.9% 23.9% 20.2% 17.8% 8.0% 6.6% 2.0%
Profit attributable to shareholders 0.6% 18.7% 25.2% 25.2% 26.5% 49.1% 56.1% 52.5% 51.8% 28.9% 23.9% 20.2% 17.8% 8.0% 6.6% 2.0%

Each line as a percentage of total income.

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 108
SSIC income statement — all reported line items (Rs mn)
Rs mn FY2013 Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 Jan – Dec 2010 FY2009 Jan – Dec 2009 FY2008 Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006 FY2005 Jan – Dec 2005 FY2004 Jan – Dec 2004
Net Premiums Earned 229.7 220.0 188.4 154.1 147.9 139.7 120.0 86.3 42.0 19.4
Fees & Commissions Income 0.6 0.5 0.4 0.4 0.4 0.6 1.5 2.3 8.1 3.8
Fees & Commissions Expense 29.9 28.6 21.2 11.9 11.6 5.5 — — — —
Investment Income/(Expense) - Net - Insurance 23.8 2.0 3.5 9.0 (5.4) 12.1 13.2 13.2 2.7 1.4
Revenue from Business-Related Activities - Other - Total 0.6 0.5 0.4 0.4 0.4 0.6 1.5 2.3 8.1 3.8
Revenue from Business Activities - Total 254.1 222.6 192.3 163.5 142.9 152.4 134.8 101.8 52.9 24.6
Insurance Claims/Reserves - Total 90.7 25.4 34.0 40.9 28.5 16.0 25.5 20.3 6.9 4.4
Insurance Benefits Paid - Current 90.7 25.4 34.0 40.9 28.5 16.0 25.5 20.3 6.9 4.4
Selling, General & Administrative Expenses - Total 110.8 117.2 93.8 73.2 65.9 — 31.7 27.8 18.8 13.0
Selling, General & Administrative Expenses - Unclassified 38.5 33.1 45.6 35.3 33.6 — 11.2 20.3 12.0 9.5
Depreciation in Selling, General & Administrative Expenses 16.4 13.3 15.7 11.5 8.7 — 6.7 6.1 5.8 2.7
Amortization of Intangibles in Selling, General & Administrative Expenses 0.3 0.3 0.4 0.3 0.3 — 0.1 0.0 0.0 —
Other Operating Expense/(Income) - Net 12.8 10.3 — (0.0) 0.0 49.5 0.0 0.0 0.0 0.0
Operating Expenses - Total 244.2 181.5 149.0 126.1 105.9 71.0 57.2 48.1 25.7 17.4
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses 32.8 28.3 26.8 22.8 19.2 — 12.3 — — —
Selling, General & Administrative Expenses - Other - Total 22.8 42.2 5.4 3.3 4.1 — 1.3 1.4 1.0 0.7
Advertising Expense 0.1 0.2 0.1 0.2 1.9 — 0.1 — — —
Rental Expense 0.6 2.6 5.2 3.1 2.1 — 1.2 1.4 1.0 0.7
Operating Profit before Non-Recurring Income/(Expense) 9.9 41.1 43.3 37.5 37.0 81.5 77.6 53.7 27.2 7.2
Other Operating Expense 12.8 10.3 — — — 49.5 — — — —
Interest Expense - Net of Capitalized Interest 1.8 3.1 — — — — 0.0 0.0 0.0 0.1
Sale of Tangible & Intangible Fixed Assets - Gain/Loss 2.5 4.0 9.6 2.5 1.7 — — — — —
Other Non-Operating Income/(Expense) - Total 0.7 5.2 (4.8) (1.3) 0.0 0.8 0.2 0.3 0.5 0.1
Supplementary Adjustments - Non-Operating - Decrease/(Increase) — — (4.8) (1.3) (1.7) — — — — —
Normalized Pre-tax Profit 11.3 47.2 48.1 38.7 38.7 82.3 77.8 54.0 27.7 7.3
Provision for Income Tax Expense- Unclassified — — — 3.9 3.8 (0.0) 5.4 3.8 2.3 1.1
Income before Taxes 11.3 47.2 48.1 38.7 38.7 82.3 77.8 54.0 27.7 7.3
Income Taxes 9.9 5.7 (0.3) (2.5) 0.8 7.5 2.2 0.5 0.3 0.2
Income Taxes for the Year - Current 3.8 4.0 4.0 (3.9) (3.8) 6.0 (5.4) (3.8) (2.3) (1.1)
Income Taxes - Deferred 6.1 1.7 (4.3) (2.5) 0.8 1.5 2.2 0.5 0.3 0.2
Income Taxes - Other (by Type) — — — 0.0 — — — — — 0.0
Net Income after Tax 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Income before Discontinued Operations & Extraordinary Items 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Net Income before Minority Interest 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Net Income after Minority Interest 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Income Available to Common Shares 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
DPS - Common - Gross - Issue - By Period End Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Income available to Common excluding Extraordinary Items 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Shares used to calculate Basic EPS - Total mn 30.6 30.6 30.6 25.3 21.1 21.1 22.6 24.5 24.4 24.4
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 0.05 1.36 1.59 1.47 1.62 3.54 3.10 2.03 1.03 0.25
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 1.4 41.5 — — — — — — — —
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× — — — — — — — —
Shares used to calculate Basic EPS - Issue Specific mn 30.6 30.6 — — — — — — — —
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.16 0.18 0.00 0.24 0.16 0.10 0.04
Dilution Adjustment — — — — — — 0.0 — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Diluted Income available to Common excluding Extraordinary Items 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Shares used to calculate Diluted EPS - Total mn 30.6 30.6 30.6 25.3 21.1 21.1 22.6 24.5 24.4 24.4
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 0.05 1.36 1.59 1.47 1.62 3.54 3.10 2.03 1.03 0.25
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 0.05 1.36 1.59 1.47 1.62 3.54 3.10 2.03 1.03 0.25
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 1.4 41.5 — — — — — — — —
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× — — — — — — — —
Shares used to calculate Diluted EPS - Issue Specific mn 30.6 30.6 — — — — — — — —
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.05 1.36 1.59 1.63 1.80 3.54 3.34 2.19 1.12 0.29
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings before Interest & Taxes (EBIT) 9.9 41.1 43.3 37.5 37.0 81.5 77.6 53.7 27.2 7.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 26.7 54.8 59.4 49.3 46.0 89.9 84.4 59.8 33.0 10.0
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments 27.3 57.4 66.8 54.7 49.4 — 86.1 61.2 34.0 10.7
Depreciation & Amortization - Supplemental 16.8 13.6 16.1 11.8 9.0 8.2 6.8 6.2 5.8 2.7
Depreciation Expense - Total - Supplemental 16.4 13.3 15.7 11.5 8.7 8.2 6.7 6.1 5.8 2.7
Amortization - Total - Supplemental 0.3 0.3 0.4 0.3 0.3 — 0.1 0.0 0.0 —
Depreciation, Depletion & Amortization - Total 16.8 13.6 16.1 11.8 9.0 8.4 6.8 6.2 5.8 2.7
Depreciation - Total 16.4 13.3 15.7 11.5 8.7 8.2 6.7 6.1 5.8 2.7
Amortization of Intangible Assets including Goodwill - Total 0.3 0.3 0.4 0.3 0.3 0.2 0.1 0.0 0.0 —
Amortization of Intangible Assets excluding Goodwill - Total 0.3 0.3 0.4 0.3 0.3 — 0.1 0.0 0.0 —
Labor & Related Expenses - Total 32.8 28.3 26.8 22.8 19.2 — 12.3 — — —
Labor & Related Expenses - Supplemental 32.8 28.3 26.8 22.8 19.2 — 12.3 — — —
Auditor Fees 1.3 1.3 0.7 0.6 0.5 — 0.2 0.2 — —
Audit-Related Fees 1.0 1.0 0.4 0.3 0.3 — 0.2 0.1 — —
Tax Fees — — 0.1 0.1 0.1 — — — — —
Fees - Other 0.3 0.3 0.2 0.1 0.1 — 0.1 0.0 — —
Normalized after Tax Profit 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Normalized Net Income from Continuing Operations 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Normalized Net Income - Bottom Line 1.4 41.5 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.1
Earnings before Interest & Taxes (EBIT) - Normalized 13.1 50.3 48.1 38.7 38.7 82.3 77.8 54.0 27.7 7.4
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 29.9 64.0 64.2 50.5 47.7 90.7 84.6 60.2 33.5 10.1
Rental/Operating Lease Expense 0.6 2.6 7.5 5.4 3.3 — 1.7 1.4 1.0 0.7
Advertising Expenses - Supplemental 0.1 0.2 0.1 0.2 1.9 — 0.1 0.1 0.2 0.0
Interest Expense 1.8 3.1 — — — — 0.0 0.0 0.0 0.1
Investment Income - Insurance 23.8 2.0 3.5 9.0 (5.4) 12.1 13.2 13.2 2.7 1.4
Losses, Benefits & Adjustments - Insurance 90.7 25.4 34.0 40.9 28.5 16.0 25.5 20.3 6.9 4.4
Operating Expenses 244.2 181.5 149.0 126.1 105.9 71.0 57.2 48.1 25.7 17.4
Selling, General & Administrative Expenses excluding Research & Development Expenses 110.8 117.2 93.8 73.2 65.9 — 31.7 27.8 18.8 13.0
Total Claim & Loss Expense 90.7 25.4 34.0 40.9 28.5 16.0 25.5 20.3 6.9 4.4
Underwriting Expenses - Insurance 153.5 156.1 115.0 85.2 77.5 54.9 31.7 27.8 18.8 13.0
Income before Taxes & Provision for Loan Losses 11.3 47.2 48.1 38.7 38.7 82.3 77.8 54.0 27.7 7.3
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Tax Adjusted Operating Income 1.7 44.3 48.5 41.2 37.9 74.8 75.6 53.5 27.4 7.2
Underwriting Expenses minus Losses, Benefits & Adjustments - Insurance 62.7 130.7 81.0 44.3 49.0 38.9 6.3 7.6 11.8 8.7
Operating Expenses excluding Non-Cash Charges - Total 227.4 167.8 133.0 114.3 96.9 62.6 50.4 41.9 19.9 14.7
Premiums Earned - Total 230.3 220.6 188.8 154.5 148.3 140.3 121.5 88.6 50.1 23.3
Losses, Benefits & Adjustments - Total 90.7 25.4 34.0 40.9 28.5 16.0 25.5 20.3 6.9 4.4
Income Available to Common Shares before Depreciation & Amortization 18.2 55.1 64.5 53.0 46.9 83.2 82.4 59.6 33.2 9.9
Fixed Charges 1.8 3.1 — — — — — 0.0 — 0.1
Estimated Tax Rate 0.35× 0.35× 0.35× 0.35× 0.35× 0.35× 0.35× 0.35× 0.35× —
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.