Shaheen Insurance Company Income Statement

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	1,126	921.36	443.68	300.87	180.19
Total Interest & Dividend Income	96.71	105.08	105.17	73.52	54.13
Gain (Loss) on Sale of Investments	-	0.04	14.98	10.44	0.07
Other Revenue	50.66	67.25	28.62	7.37	0.91
Total Revenue	1,273	1,094	592.45	392.2	235.31
Revenue Growth (YoY)	16.38%	84.61%	51.06%	66.67%	-19.94%
Policy Benefits	588.24	444.01	149.42	80.08	42.71
Policy Acquisition & Underwriting Costs	180.18	173.13	93.72	63.37	36.93
Selling, General & Administrative	279.63	261.89	195.21	201.77	143.49
Other Operating Expenses	24.9	-16.93	-11.62	-2.23	4.19
Total Operating Expenses	1,073	862.1	426.72	342.99	227.31
Operating Income	199.92	231.63	165.72	49.21	8
Interest Expense	-7.18	-3.12	-2.32	-2.45	-2.16
Currency Exchange Gain (Loss)	-	-	0.14	0.13	0.02
Other Non Operating Income (Expenses)	-	-0	-	-	-
EBT Excluding Unusual Items	192.74	228.51	163.54	46.88	5.85
Gain (Loss) on Sale of Assets	-	8.47	0.39	2.97	0.55
Asset Writedown	8.42	1.83	-	12.1	19.57
Other Unusual Items	-	-	-	15.83	-
Pretax Income	201.16	238.8	163.93	77.79	25.97
Income Tax Expense	48.83	73.54	47.63	24.41	-5.11
Net Income	152.34	165.27	116.3	53.38	31.08
Net Income to Common	152.34	165.27	116.3	53.38	31.08
Net Income Growth	-7.83%	42.10%	117.89%	71.75%	-12.70%
Shares Outstanding (Basic)	105	105	105	105	105
Shares Outstanding (Diluted)	105	105	105	105	105
Shares Change (YoY)	-0.03%	-	-	-	-
EPS (Basic)	1.45	1.58	1.11	0.51	0.30
EPS (Diluted)	1.45	1.58	1.11	0.51	0.30
EPS Growth	-7.80%	42.10%	117.89%	71.75%	-12.70%
Free Cash Flow	-7.18	4.12	94.12	23.67	-18.91
Free Cash Flow Per Share	-0.07	0.04	0.90	0.23	-0.18
Dividend Per Share	-	-	0.143	-	-
Operating Margin	15.71%	21.18%	27.97%	12.55%	3.40%
Profit Margin	11.97%	15.11%	19.63%	13.61%	13.21%
Free Cash Flow Margin	-0.56%	0.38%	15.89%	6.04%	-8.04%
EBITDA	236.08	239.16	170.94	53.34	11.8
EBITDA Margin	18.55%	21.87%	28.85%	13.60%	5.02%
D&A For EBITDA	36.15	7.53	5.21	4.14	3.81
EBIT	199.92	231.63	165.72	49.21	8
EBIT Margin	15.71%	21.18%	27.97%	12.55%	3.40%
Effective Tax Rate	24.27%	30.79%	29.05%	31.39%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.