Crescent Star Insurance Limited has released its unaudited financial statements for the half-year ended June 30, 2026, reporting significant losses amid operational challenges and a restructuring of its guarantee business.
- Net premium for the period: PKR 34.784M, down 32% from PKR 50.952M in 2025.
- Loss after tax: PKR (50.925M), a 391% decrease compared to a profit of PKR 17.499M in the same period last year.
- Earnings per share (EPS): PKR (0.34), down from PKR 0.16.
- Total assets increased to PKR 1,625.34M from PKR 1,526.74M, a 6% rise.
- The company has resumed its guarantee business after regulatory challenges, but the Afghan transit guarantee remains suspended.
- The management is optimistic about future income growth following a merger with PICIC Insurance Limited, which is expected to enhance the company's value.
- The auditors expressed reservations regarding the recoverability of certain accrued interest and the lack of impairment testing on advances against shares.