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TPL Insurance Ltd (TPLI): Corporate Briefing Takeaways – By Pearl Research

  • By: Pearl Securities Limited

  • - Published: Wednesday, 27 November 2019
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TPL Insurance Ltd (TPLI) held its corporate briefing yesterday to discuss its financial performance and future outlook.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall, the company recorded net loss of PKR35mn (LPS PKR0.37) during 3QCY19 versus net profit of PKR0.5mn (EPS PKR0.01) during corresponding quarter of last year.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With regards to insurance penetration, Pakistan is one of the lowest in the world as it ranks 81 out of 88.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">However with such a low insurance penetration level, a greater potential exists for the industry to grow ...

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