TPL Insurance (TPLI): Analyst Briefing Notes – By AKD Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TPL Insurance (TPLI) held its analyst briefing last week to shed light on 9MCY19 performance and the company&rsquo;s outlook. To recall, TPLI recorded an LPS of PkR0.81 in 9MCY19 vs. an EPS of PkR0.15 in the same period last year.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Strong core business performance (GPW flat at PkR1.0bn YoY despite slowdown in auto sales&mdash;the company&rsquo;s primary target market) was overshadowed by higher commission in Takaful (due to market forces) and expenses related to technological initiatives.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TPLI with its technological focus is positioned to penetrate the unpenetrated Pakistan&rsquo;...