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3rd Quarter Revenue 2012
3rd Quarter Revenue 2012
3rd Quarter Revenue 2012
EXPENDITURE
Growth
Rate (%)
Growth
Rate (%)
INCOME
Balance of Life Fund at the
Beginning of the Year
(26.58)
119.20
126.38
(5.03)
63.03
11.08
23,348,164
4,367,947
2,311,875
2,223,638
1,851,623
34,103,247
48,679,911
13,559,894
6,335,124
44,223,844
2,606,948
115,405,721
(52.04)
(67.79)
(63.51)
(94.97)
(28.97)
(70.45)
144,601,343
141,813,512
40,622,073
54,885,140
40,027,233
421,949,301
5.03
(3.37)
3.06
14.89
(17.69)
1.14
109,172,238
48,962,657
14,583,684
27,944,020
11,548,805
212,211,404
112,477,370
58,290,684
17,313,512
43,273,975
14,032,665
245,388,206
(2.94)
(16.00)
(15.77)
(35.43)
(17.70)
(13.52)
318,387,904
135,526,355
453,914,259
175,636,039
189,839,422
365,475,461
81.28
(28.61)
24.20
113,607,375
63,492,950
177,100,325
72,826,888
120,387,226
193,214,114
56.00
(47.26)
(8.34)
1,228,588,013
22,000,000
1,206,588,013
1,100,615,186
40,560,202
1,060,054,984
11.63
(45.76)
13.82
423,414,976
2,623,024
420,791,952
554,008,041
35,479,232
518,528,809
(23.57)
(92.61)
(18.85)
159,828,407
721,118
93,254,445
1,566,143
71.39
(53.96)
57,633,159
96,823
36,894,556
138,522
56.21
(30.10)
3,960,929,725
3,273,983,422
20.98
3,134,158,156
2,763,844,908
13.40
3,960,929,725
3,273,983,422
20.98
3,134,158,156
Notes:
i) Accounting Policies: The interim accounts have been prepared using the same accounting policies as those adopted in the accounts for the financial year ended 31 December 2011 and there have been no changes in those policies since then.
ii) Recognition and measurement: a) Measurements for interim reporting period are on a Year-To-Date basis: b) Principles involved for recognizing liabilities, income and expenses for interim periods are the same as for annual financial statements.
iii) IPL,PB,PIBD,IDPS represents Individual Product Line, Pragati Bima, Pragati Islami Bima Division, Islami Deposit Pension Scheme respectively.
iv) Based on the surplus in the interim actuarial valuation, the Board of Directors have recommended Stock dividend for the year 2011 @ 12% and already have been approved in 12th AGM which was held on 12th july 2012
v) The published third quarterly financial statements are available in the website of the company. The address of the website is www.pragatilife.com
2,763,844,908
Profit Commission
Total Claims & Surrenders
Expenses of Management
(a) Commissions to Insurance Agents
(Less that on Re-Insurance)
(b) Allowances and Commissions (other than
commission included in sub-item (a) preceding)
91.04
39.75
(57.75)
5.31
134.31
74.57
193.83
76.90
24,827,133
17,382,165
576,547
24,624,761
80,094,770
147,505,376
4,640,477
152,145,853
14,714,612
14,258,821
1,516,347
20,316,470
34,823,141
85,629,391
1,217,236
86,846,627
68.72
21.90
(61.98)
21.21
130.00
72.26
281.23
75.19
138,844,113
192,331,709
(27.81)
23,911,122
106,485,678
(77.55)
239,612,801
378,456,914
167,418,049
359,749,758
43.12
5.20
7,974,670
31,885,792
57,703,570
164,189,248
(86.18)
(80.58)
100,973,682
4,144,610
8,025,660
6,945,767
4,981,451
44,801,594
20,488,088
67,643,023
4,108,712
1,897,122
1,590,497
1,260,047
35,320,271
13,613,181
315,793,705
694,250,619
10,080,000
1,140,346,154
88,830,701
2,333,110
6,434,438
8,324,791
7,510,625
42,201,075
11,437,220
12,290,230
6,909,718
2,446,873
1,313,275
1,280,404
37,148,193
12,149,728
240,610,381
600,360,139
9,000,000
855,833,491
13.67
77.64
24.73
(16.57)
(33.67)
6.16
79.14
450.38
(40.54)
(22.47)
21.11
(1.59)
(4.92)
12.05
31.25
15.64
12.00
33.24
39,879,129
1,547,589
2,042,080
1,380,075
1,708,986
17,623,180
10,268,555
26,066,867
1,487,307
837,218
750,499
262,848
9,914,152
5,694,455
119,462,940
151,348,732
10,080,000
313,574,585
38,674,341
610,560
2,419,055
4,240,503
931,896
15,056,294
4,642,983
2,225,545
1,292,288
966,021
568,182
697,090
12,379,208
955,136
85,659,102
249,848,350
9,000,000
345,694,977
3.12
153.47
(15.58)
(67.45)
83.39
17.05
121.16
1,071.26
15.09
(13.33)
32.09
(62.29)
(19.91)
496.19
39.46
(39.42)
12.00
(9.29)
2,820,583,571
2,418,149,931
2,820,583,571
2,418,149,931
16.64
103,781,331
85,733,021
42,030,546
97,359,069
18,989,624
347,893,591
141,350,432
39,111,098
18,566,481
102,514,455
11,647,958
313,190,424
151,872,073
137,038,556
41,864,774
63,057,760
32,947,000
426,780,163
Gross Premium
Less: Reinsurance Premium
Net Premium
22.40
Growth
Rate (%)
2,208,283,021
50,319,832
43,179,701
2,278,006
59,990,166
85,883,529
241,651,234
4,822,118
246,473,352
2,119,107,850
96,133,279
60,342,289
962,470
63,176,080
201,232,532
421,846,650
14,168,885
436,015,535
2,593,792,187
Growth
Rate (%)
20.26
16.64
13.40