Adamjee Insurance Company Limited (AICL) financial ratios

Adamjee Insurance Company Limited earned a net margin of 6.1% in FY2025 against a five-year average of 6.0% (Insurance median 11.2%). Return on equity was 12.0%, compared with a sector median of 14.1%.

FY2025 vs the Insurance median

Net margin: 6.1%; Sector median 11.2%
Return on equity (ROE): 12.0%; Sector median 14.1%
Return on assets (ROA): 2.4%; Sector median 3.5%
Debt to equity: 0.7%; Sector median 2.4%
Dividend payout ratio: 22.0%; Sector median 0.0%

Median of the 29 companies in the sector with the figure for their latest fiscal year.

AICL financial ratios (annual) (Rs mn)
Rs mn	FY2025 * Jan – Dec 2025	FY2024 * Jan – Dec 2024	FY2023 * Jan – Dec 2023	FY2022 * Jan – Dec 2022	FY2021 * Jan – Dec 2021	FY2020 * Jan – Dec 2020	FY2019 * Jan – Dec 2019	FY2018 * Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jan – Dec 2012	FY2011 * Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 * Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Profitability
Pre-tax margin	10.5%	11.0%	8.5%	7.1%	10.9%	6.4%	8.7%	7.5%	6.8%	15.4%	11.0%	14.2%	17.8%	5.3%	0.9%	8.1%	30.3%	13.4%	42.8%	24.8%
Net margin	6.1%	6.4%	4.6%	5.2%	7.5%	6.0%	6.3%	4.3%	3.8%	13.3%	9.6%	13.1%	15.8%	4.9%	2.9%	7.4%	28.5%	12.5%	41.9%	23.2%
Effective tax rate	41.3%	42.4%	45.7%	26.8%	31.1%	6.9%	27.9%	42.3%	44.0%	13.8%	12.4%	7.6%	11.2%	8.8%	(220.1%)	9.6%	6.2%	6.3%	2.0%	6.4%
Returns
Return on equity (ROE)	12.0%	13.1%	9.3%	9.2%	12.2%	9.4%	9.5%	6.4%	5.9%	22.6%	14.1%	14.5%	16.5%	4.0%	2.2%	5.4%	25.3%	13.5%	73.5%	50.7%
Return on assets (ROA)	2.4%	2.5%	1.7%	1.8%	2.7%	2.2%	2.4%	1.6%	1.5%	6.4%	4.6%	5.5%	6.7%	1.7%	0.9%	2.4%	11.9%	5.7%	28.1%	15.5%
Leverage
Debt to equity	0.7%	0.9%	0.4%	0.5%	4.7%	2.4%	1.3%	—	—	—	—	—	0.1%	0.2%	0.5%	1.0%	1.6%	0.0%	—	0.3%
Debt to capital	0.7%	0.9%	0.4%	0.5%	4.5%	2.3%	1.3%	—	—	—	—	—	0.1%	0.2%	0.5%	1.0%	1.6%	0.0%	—	0.3%
Debt to assets	0.1%	0.2%	0.1%	0.1%	1.0%	0.5%	0.3%	—	—	—	—	—	0.0%	0.1%	0.2%	0.4%	0.8%	0.0%	—	0.1%
Assets to equity	5.18×	5.37×	5.48×	5.08×	4.55×	4.21×	4.04×	3.85×	3.67×	3.51×	3.07×	2.66×	2.44×	2.32×	2.41×	2.26×	2.08×	2.31×	2.61×	3.27×
Dividends
Dividend payout ratio	22.0%	21.9%	40.0%	44.8%	32.7%	46.4%	44.4%	68.3%	95.9%	40.1%	54.0%	50.9%	33.4%	69.9%	51.5%	52.9%	11.1%	23.4%	8.0%	17.4%
Earnings retention rate	0.78×	0.78×	0.60×	0.55×	0.67×	0.54×	0.56×	0.32×	0.04×	0.60×	0.46×	0.49×	0.67×	0.30×	0.48×	0.47×	0.89×	0.77×	0.92×	0.83×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

AICL: frequently asked questions

What is AICL's EPS?

Adamjee Insurance Company Limited reported basic earnings per share of Rs 15.93 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 16.52.

What is AICL's P/E ratio?

At the closing price of Rs 94.32 on 16 Oct 2026, AICL trades at a P/E of 5.7× based on EPS of Rs 16.52 (TTM to Jun 2026).

Does AICL pay dividends?

Yes. Adamjee Insurance Company Limited declared a dividend of Rs 4.00 per share for FY2025. It has paid a dividend in each of the last 20 years. At Rs 94.32 that is a dividend yield of 4.2%.

What was AICL's total income and profit in FY2025?

Adamjee Insurance Company Limited reported total income of Rs 93.8 bn and profit attributable to shareholders of Rs 5.6 bn for FY2025 (Jan – Dec 2025).

What is AICL's book value per share?

Adamjee Insurance Company Limited's book value per share was Rs 145.29 at the end of FY2025. The shares trade at 0.61× book value.

Information only, not investment advice.