Last close · 16 Oct 2026
Rs 51.00 -3.23%
Annual · FY2006 – FY2025
TPL Insurance Limited (TPLI) income statement
TPL Insurance Limited reported total income of Rs 4.5 bn for FY2025 (Jan – Dec 2025), up 20.1% on FY2024. Tax of -Rs 1.8 mn took -3.3% of pre-tax profit. Profit attributable to shareholders was Rs 47.7 mn, up 123.7% on FY2024, or Rs 0.24 per share.
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net premium earned | 4,293.8 | 3,424.1 | 3,084.7 | 2,967.0 | 2,398.4 | |||||||||||||||
| Investment income (net) | 201.1 | 322.9 | 401.3 | 177.9 | 85.3 | |||||||||||||||
| Total income | 4,501.2 | 3,747.1 | 3,502.2 | 3,084.9 | 2,503.6 | |||||||||||||||
| Net claims & benefits | (2,167.5) | (1,656.3) | (1,506.4) | (1,415.4) | (1,112.7) | |||||||||||||||
| Acquisition & underwriting expenses | (401.9) | (350.7) | (301.4) | (269.1) | (221.5) | |||||||||||||||
| Profit before tax | 55.8 | 115.6 | 1,145.2 | 65.1 | (5.2) | |||||||||||||||
| Taxation | 1.8 | (44.0) | (18.1) | (46.8) | (4.5) | |||||||||||||||
| Profit after tax | 57.6 | 71.6 | 1,127.0 | 18.3 | (9.7) | |||||||||||||||
| Profit attributable to shareholders | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 | |||||||||||||||
| Per share | ||||||||||||||||||||
| EPS – basic (Rs) Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 | |||||||||||||||
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 | |||||||||||||||
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net premium earned | +25.4% | +11.0% | +4.0% | +23.7% | +10.9% | |||||||||||||||
| Investment income (net) | -37.7% | -19.5% | +125.6% | +108.5% | -5.8% | |||||||||||||||
| Total income | +20.1% | +7.0% | +13.5% | +23.2% | +11.1% | |||||||||||||||
| Net claims & benefits | +30.9% | +9.9% | +6.4% | +27.2% | +14.7% | |||||||||||||||
| Acquisition & underwriting expenses | +14.6% | +16.4% | +12.0% | +21.5% | +11.8% | |||||||||||||||
| Profit before tax | -51.7% | -89.9% | +1,660.2% | — | -106.6% | |||||||||||||||
| Taxation | -104.2% | +142.3% | -61.2% | +948.4% | -88.8% | |||||||||||||||
| Profit after tax | -19.5% | -93.6% | +6,070.9% | — | -124.3% | |||||||||||||||
| Profit attributable to shareholders | +123.7% | -98.1% | +20,357.2% | -94.5% | — | |||||||||||||||
| Per share | ||||||||||||||||||||
| EPS – basic (Rs) | +118.4% | -98.0% | +17,953.3% | -95.3% | — | |||||||||||||||
| Dividend per share (Rs) | — | -100.0% | — | — | — | |||||||||||||||
Change against the previous fiscal year; shown when the earlier figure is positive.
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 |
|---|---|---|---|---|---|
| Net premium earned | 95.4% | 91.4% | 88.1% | 96.2% | 95.8% |
| Investment income (net) | 4.5% | 8.6% | 11.5% | 5.8% | 3.4% |
| Total income | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Net claims & benefits | (48.2%) | (44.2%) | (43.0%) | (45.9%) | (44.4%) |
| Acquisition & underwriting expenses | (8.9%) | (9.4%) | (8.6%) | (8.7%) | (8.8%) |
| Profit before tax | 1.2% | 3.1% | 32.7% | 2.1% | (0.2%) |
| Taxation | 0.0% | (1.2%) | (0.5%) | (1.5%) | (0.2%) |
| Profit after tax | 1.3% | 1.9% | 32.2% | 0.6% | (0.4%) |
| Profit attributable to shareholders | 1.1% | 0.6% | 31.8% | 0.2% | 4.0% |
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. Updated 15 Oct 2026.
All reported line items 138
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 |
|---|---|---|---|---|---|
| Net Premiums Earned | 4,293.8 | 3,424.1 | 3,084.7 | 2,967.0 | 2,398.4 |
| Premiums Written - Gross | — | — | — | — | — |
| Premiums Ceded Out & Unearned - Reinsurance | — | — | — | — | — |
| Premiums Ceded Out to Reinsurance - Written | — | — | — | — | — |
| Unearned Premiums | — | — | — | — | — |
| Investment Income/(Expense) - Net - Insurance | 201.1 | 322.9 | 401.3 | 177.9 | 85.3 |
| Investments & Loans - Business - Gain/(Loss) | 6.3 | 0.0 | 16.2 | (60.0) | 19.9 |
| Investment Income - Gross - Insurance - Total | 201.1 | 322.9 | 401.3 | 178.1 | 85.7 |
| Investment Expense - Insurance - Total | — | — | — | 0.3 | 0.4 |
| Investment Securities - Business - Gain/(Loss) | 6.3 | 0.0 | 16.2 | (60.0) | 19.9 |
| Revenue from Business Activities - Total | 4,501.2 | 3,747.1 | 3,502.2 | 3,084.9 | 2,503.6 |
| Insurance Claims/Reserves - Total | 2,167.5 | 1,656.3 | 1,506.4 | 1,415.4 | 1,112.7 |
| Insurance Benefits Paid - Current | 2,167.5 | 1,656.3 | 1,506.4 | 1,415.4 | 1,112.7 |
| Selling, General & Administrative Expenses - Total | 1,652.0 | 1,392.7 | 1,430.7 | 1,112.8 | 957.2 |
| Selling, General & Administrative Expenses - Unclassified | 1,459.9 | 1,219.8 | 1,242.4 | 909.0 | 738.3 |
| Depreciation in Selling, General & Administrative Expenses | 187.5 | 168.7 | 184.0 | 198.0 | 214.1 |
| Amortization of Intangibles in Selling, General & Administrative Expenses | 4.5 | 4.2 | 4.3 | 5.8 | 4.8 |
| Underwriting Expenses | 401.9 | 350.7 | 301.4 | 269.1 | 221.5 |
| Policy Acquisition Costs - Total | 401.9 | 350.7 | 301.4 | 269.1 | 221.5 |
| Other Operating Expense/(Income) - Net | 6.0 | 7.1 | 14.0 | (0.4) | 3.1 |
| Other Operating Income - Total | 4.8 | — | — | 3.4 | — |
| Fee & Commission Expense - Insurance | 401.9 | 350.7 | 301.4 | 269.1 | 221.5 |
| Operating Expenses - Total | 4,227.4 | 3,406.8 | 3,252.6 | 2,796.9 | 2,294.4 |
| Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses | — | — | — | — | — |
| Selling, General & Administrative Expenses - Other - Total | — | — | — | — | — |
| Advertising Expense | — | — | — | — | — |
| Operating Profit before Non-Recurring Income/(Expense) | 273.8 | 340.3 | 249.6 | 288.0 | 209.1 |
| Other Operating Expense | 10.8 | 7.1 | 14.0 | 2.9 | 3.1 |
| Interest Expense - Net of Capitalized Interest | 16.5 | 24.0 | 19.7 | 28.0 | 24.6 |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | 80.5 | — | — | 1.4 | 0.0 |
| Equity Earnings/(Loss) - before Taxes including Non-Recurring | — | — | — | — | — |
| Other Non-Operating Income/(Expense) - Total | (282.1) | (266.7) | (191.6) | (163.2) | (163.3) |
| Supplementary Adjustments - Non-Operating - Decrease/(Increase) | — | — | — | — | — |
| Foreign Exchange Gain/(Loss) - Non-Business | — | — | — | — | — |
| Normalized Pre-tax Profit | 55.8 | 49.7 | 38.4 | 98.1 | 21.3 |
| Non-Recurring Income/Expense - Total | 0.0 | 65.9 | 1,106.8 | (33.0) | (26.5) |
| Impairment - Tangible & Intangible Fixed Assets | — | — | — | — | — |
| Impairment - Fixed Assets | — | — | — | — | — |
| Interest Expense on Capital Financing - Gross | — | — | — | — | — |
| Impairment - Financial Investments | — | — | — | — | — |
| Early Extinguishment of Lease Related Debts - Gain/(Loss) | — | — | — | — | 0.0 |
| Fair Value Adjustments - Financial Investments | 0.0 | 65.9 | 28.0 | (33.0) | (26.5) |
| Sale & Acquisition of Group Companies - Gain/(Loss) | — | — | — | — | — |
| Non-Recurring Income/(Expense) - Other - Total | — | — | — | — | — |
| Provision for Income Tax Expense- Unclassified | (1.8) | 44.0 | 18.1 | 46.8 | 4.5 |
| Income before Taxes | 55.8 | 115.6 | 1,145.2 | 65.1 | (5.2) |
| Income Taxes | (1.8) | 44.0 | 18.1 | 46.8 | 4.5 |
| Income Taxes for the Year - Current | — | — | — | — | — |
| Income Taxes - Domestic - Current | — | — | — | — | — |
| Income Taxes - Deferred | — | — | — | — | — |
| Income Taxes - Domestic - Deferred | — | — | — | — | — |
| Costs Associated with IPOs & Mergers | — | 0.0 | (1,078.9) | — | — |
| Income Taxes - Other (by Type) | — | — | — | — | — |
| Net Income after Tax | 57.6 | 71.6 | 1,127.0 | 18.3 | (9.7) |
| Income before Discontinued Operations & Extraordinary Items | 57.6 | 71.6 | 1,127.0 | 18.3 | (9.7) |
| Net Income before Minority Interest | 57.6 | 71.6 | 1,127.0 | 18.3 | (9.7) |
| Minority Interest | 10.0 | 50.3 | 12.1 | 12.8 | (108.9) |
| Net Income after Minority Interest | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 |
| Income Available to Common Shares | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 |
| Earnings Adjustments to Net Income - Other Expense/(Income) | (0.0) | — | (0.0) | (0.0) | — |
| DPS - Common - Gross - Issue - By Period End Date Rs | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 |
| Income available to Common excluding Extraordinary Items | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 |
| Shares used to calculate Basic EPS - Total mn | 198.5 | 193.7 | 198.4 | 175.1 | 149.3 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 0.24 | (0.23) | 0.04 | 0.22 | 0.84 |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Basic EPS - Issue Specific mn | 198.5 | 193.7 | 198.4 | 175.1 | 149.3 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 0.24 | (0.23) | 0.04 | 0.22 | 0.84 |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dilution Adjustment | — | — | — | — | — |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 |
| Diluted Income available to Common excluding Extraordinary Items | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 |
| Shares used to calculate Diluted EPS - Total mn | 198.5 | 193.7 | 198.4 | 175.1 | 149.3 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 0.24 | (0.23) | 0.04 | 0.22 | 0.84 |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 47.7 | 21.3 | 1,114.9 | 5.5 | 99.2 |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Diluted EPS - Issue Specific mn | 198.5 | 193.7 | 198.4 | 175.1 | 149.3 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 0.24 | 0.11 | 5.62 | 0.03 | 0.66 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 0.24 | (0.23) | 0.04 | 0.22 | 0.84 |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 0.00 | 0.00 | 2.70 | 0.00 | 0.00 |
| Earnings before Interest & Taxes (EBIT) | 273.8 | 340.3 | 249.6 | 288.0 | 209.1 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 465.9 | 513.1 | 438.0 | 491.9 | 445.0 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments | — | — | — | — | — |
| Depreciation & Amortization - Supplemental | 192.1 | 172.8 | 188.4 | 203.9 | 218.9 |
| Depreciation Expense - Total - Supplemental | 187.5 | 168.7 | 184.0 | 198.1 | 214.1 |
| Depreciation - Financial Lease Right-of-Use Assets - Supplemental | 124.1 | 118.0 | 134.3 | 143.2 | 175.6 |
| Amortization - Total - Supplemental | 4.5 | 4.2 | 4.3 | 5.8 | 4.8 |
| Intangible Amortization - Other - Supplemental | — | — | — | — | — |
| Depreciation, Depletion & Amortization - Total | 192.1 | 172.8 | 188.4 | 203.9 | 235.9 |
| Depreciation - Total | 187.5 | 168.7 | 184.0 | 198.1 | 214.1 |
| Amortization of Intangible Assets including Goodwill - Total | — | — | — | — | — |
| Amortization of Intangible Assets excluding Goodwill - Total | 4.5 | 4.2 | 4.3 | 5.8 | 4.8 |
| Labor & Related Expenses - Total | — | — | — | — | — |
| Labor & Related Expenses - Supplemental | — | — | — | — | — |
| Auditor Fees | — | — | — | — | — |
| Audit-Related Fees | — | — | — | — | — |
| Fees - Other | — | — | — | — | — |
| Normalized after Tax Profit | 57.6 | 5.7 | 20.2 | 51.3 | 16.8 |
| Normalized Net Income from Continuing Operations | 57.6 | 5.7 | 20.2 | 51.3 | 16.8 |
| Normalized Net Income - Bottom Line | 47.7 | (44.6) | 8.1 | 38.5 | 125.7 |
| Earnings before Interest & Taxes (EBIT) - Normalized | 72.3 | 73.6 | 58.1 | 126.1 | 45.9 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 264.4 | 246.5 | 246.4 | 330.0 | 281.8 |
| Depreciation of Financial Lease Right-of-Use Assets | 124.1 | 118.0 | 134.3 | 143.2 | 175.6 |
| Interest Expense on Financial Lease Liabilities - Supplemental | 16.5 | 24.0 | 19.7 | 28.0 | 24.6 |
| Rental/Operating Lease Expense | — | — | — | — | — |
| Advertising Expenses - Supplemental | — | — | — | — | — |
| Interest Expense | 16.5 | 24.0 | 19.7 | 28.0 | 24.6 |
| Investment Income - Insurance | 201.1 | 322.9 | 401.3 | 177.9 | 85.3 |
| Losses, Benefits & Adjustments - Insurance | 2,167.5 | 1,656.3 | 1,506.4 | 1,415.4 | 1,112.7 |
| Operating Expenses | 4,227.4 | 3,406.8 | 3,252.6 | 2,796.9 | 2,294.4 |
| Premiums Ceded Out & Unearned - Total | — | — | — | — | — |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 1,652.0 | 1,392.7 | 1,430.7 | 1,112.8 | 957.2 |
| Total Claim & Loss Expense | 2,167.5 | 1,656.3 | 1,506.4 | 1,415.4 | 1,112.7 |
| Underwriting & Commissions | 401.9 | 350.7 | 301.4 | 269.1 | 221.5 |
| Underwriting Expenses - Insurance | 1,658.0 | 1,399.8 | 1,444.8 | 1,112.4 | 960.3 |
| Income before Taxes & Provision for Loan Losses | 55.8 | 115.6 | 1,145.2 | 65.1 | (5.2) |
| DPS - Common - Gross - Issue - By Payable Date Rs | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 |
| Tax Adjusted Operating Income | 64.7 | 36.2 | 1,134.3 | 13.3 | — |
| Underwriting Expenses minus Losses, Benefits & Adjustments - Insurance | (509.5) | (256.6) | (61.7) | (303.0) | (152.4) |
| Operating Expenses excluding Non-Cash Charges - Total | 4,035.3 | 3,233.9 | 3,064.2 | 2,593.0 | 2,058.5 |
| Premiums Earned - Total | 4,293.8 | 3,424.1 | 3,084.7 | 2,967.0 | 2,398.4 |
| Losses, Benefits & Adjustments - Total | 2,569.4 | 2,007.0 | 1,807.8 | 1,684.5 | 1,334.2 |
| Income Available to Common Shares before Depreciation & Amortization | 239.8 | 194.2 | 1,303.3 | 209.3 | 335.1 |
| Fixed Charges | 16.5 | 24.0 | 19.7 | 28.0 | 24.6 |
| Net Premiums Written | — | — | — | — | — |
| Estimated Tax Rate | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× |
| Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.