PakStox Outlook

AICL: Financial Results - Year Ended 31 December 2023 EPS: Rs 6.46 down almost 13%  over last year due to higher Underwriting losses. Cash Dividend Rs 1.5 per share. AICL has paid Rs 1.5 as interim dividend. Profit before Tax (PBT) at Rs. 3.91 billion grew by more than 24%. A substantial portion of income in the insurance sector is from investments. AICL income from investment for this year is Rs. 3.9 billion.

AICL,  announced its annual results for the year ending December 2022. AICL announced a cash dividend of Rs. 1.5 per share as its final dividend. This is in addition to the Rs. 1.5 per share announced with the half yearly results, making a total of Rs. 3 per share for the whole year, translating into a cash dividend yield of over 10%.