SHNI Shaheen Insurance Company Limited

Shaheen Insurance Company Limited (SHNI) financial ratios

Shaheen Insurance Company Limited earned a net margin of 12.5% in FY2025 against a five-year average of 15.4% (Insurance median 11.2%). Return on equity was 14.1%, compared with a sector median of 14.1%.

FY2025 vs the Insurance median

Net margin: 12.5%; Sector median 11.2%
Return on equity (ROE): 14.1%; Sector median 14.1%
Return on assets (ROA): 6.2%; Sector median 3.5%
Debt to equity: 4.1%; Sector median 2.4%
Dividend payout ratio: 0.0%; Sector median 0.0%

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

SHNI 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	16.5%	23.4%	29.3%	20.4%	11.2%	15.9%	22.3%	22.0%	22.3%	15.0%	2.3%	4.8%	(30.0%)	(5.7%)	5.1%	(5.4%)	3.6%	(12.4%)	9.6%	10.0%
Net margin	12.5%	16.2%	20.8%	14.0%	13.4%	12.3%	16.7%	17.0%	19.1%	14.1%	10.7%	5.2%	(31.0%)	(6.2%)	3.9%	(6.7%)	3.5%	(13.8%)	9.2%	8.6%
Effective tax rate	24.3%	30.8%	29.1%	31.4%	(19.7%)	22.5%	25.2%	22.5%	14.1%	6.2%	(357.5%)	(9.7%)	—	—	23.6%	—	3.8%	—	4.5%	14.1%
Returns
Return on equity (ROE)	14.1%	17.8%	14.8%	7.5%	4.6%	5.6%	9.2%	10.6%	12.4%	10.4%	7.4%	5.0%	(46.1%)	(11.7%)	8.3%	(13.8%)	9.3%	(29.1%)	24.1%	26.3%
Return on assets (ROA)	6.2%	9.0%	8.1%	4.6%	2.8%	3.1%	5.2%	6.3%	7.0%	5.2%	3.3%	1.6%	(12.2%)	(3.7%)	2.5%	(4.0%)	2.7%	(8.7%)	7.8%	7.8%
Leverage
Debt to equity	4.1%	1.6%	2.3%	2.6%	3.8%	2.6%	12.6%	0.0%	0.0%	0.3%	0.8%	0.2%	0.6%	1.1%	2.0%	1.1%	1.4%	1.9%	0.0%	—
Debt to capital	3.9%	1.6%	2.2%	2.6%	3.7%	2.6%	11.2%	0.0%	0.0%	0.3%	0.7%	0.2%	0.6%	1.0%	2.0%	1.1%	1.4%	1.9%	0.0%	—
Debt to assets	1.6%	0.8%	1.2%	1.6%	2.4%	1.6%	6.6%	0.0%	0.0%	0.1%	0.4%	0.1%	0.1%	0.3%	0.6%	0.3%	0.4%	0.5%	0.0%	—
Assets to equity	2.30×	1.97×	1.81×	1.64×	1.63×	1.77×	1.78×	1.69×	1.77×	2.01×	2.22×	3.19×	3.79×	3.12×	3.36×	3.43×	3.43×	3.34×	3.10×	3.38×
Dividends
Dividend payout ratio	0.0%	9.1%	0.0%	0.0%	0.0%	0.0%	25.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	0.0%	—	0.0%	—	0.0%	0.0%
Earnings retention rate	1.00×	0.91×	1.00×	1.00×	1.00×	1.00×	0.75×	1.00×	1.00×	1.00×	1.00×	1.00×	—	—	1.00×	—	1.00×	—	1.00×	1.00×

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.

SHNI: frequently asked questions

What is SHNI's EPS?

Shaheen Insurance Company Limited reported basic earnings per share of Rs 1.45 for FY2025 (Jan – Dec 2025).

What is SHNI's P/E ratio?

At the closing price of Rs 8.55 on 16 Oct 2026, SHNI trades at a P/E of 5.9× based on EPS of Rs 1.45 (FY2025).

Does SHNI pay dividends?

Shaheen Insurance Company Limited did not declare a cash dividend for FY2025.

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

Shaheen Insurance Company Limited reported total income of Rs 1.2 bn and profit attributable to shareholders of Rs 152.3 mn for FY2025 (Jan – Dec 2025).

What is SHNI's book value per share?

Shaheen Insurance Company Limited's book value per share was Rs 10.94 at the end of FY2025. The shares trade at 0.78× book value.

Information only, not investment advice.