TPLI: Analyst Briefing Notes,(AKD Daily, De 03, 2019)

TPL Insurance (TPLI) held its analyst briefing last week to shed light on 9MCY19 performance and the company’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. Strong core business performance (GPW flat at PkR1.0bn YoY despite slowdown in auto sales—the company’s primary target market) was overshadowed by higher commission in Takaful (due to market forces) and expenses related to technological initiatives. TPLI with its technol...