Pakistan Reinsurance Company Limited has released its condensed interim financial statements for the six months ended June 30, 2026, highlighting a significant improvement in underwriting profit and net profit after tax compared to the same period last year.
- Gross written premium increased to PKR 19,942M, up 17% from PKR 17,107M.
- Net premium decreased to PKR 4,542M, down 6% from PKR 4,828M.
- Underwriting profit surged to PKR 293M, compared to a loss of PKR 246M in the previous year.
- Profit before tax rose to PKR 2,168M, an increase of 22% from PKR 1,784M.
- Profit after tax reached PKR 1,400M, up 24% from PKR 1,131M, resulting in EPS of PKR 1.56, compared to PKR 1.26 last year.
- Notable decrease in net claims and acquisition expenses by 22% to PKR 3,221M.
- Investment income decreased to PKR 1,819M, down 10% from PKR 2,011M.
- The company remains optimistic about maintaining positive momentum despite economic uncertainties.