KARACHI: Progressive Insurance Company Limited reported a wider net loss for the year ended December 31, 2025, as increased administrative expenses and unrealized losses on equity investments outweighed gains from deposits.
According to the financial results approved by the company’s Board of Directors in its meeting held on April 28, 2026, Progressive Insurance posted a loss after tax of Rs13.22 million for FY2025, compared to a loss of Rs12.33 million recorded in the previous year. The company’s loss per share increased to Rs0.82, from Rs0.76 in FY2024.
The insurer generated profit on deposits of Rs108,943, up from Rs87,677 a year earlier. However, this improvement was overshadowed by a significant rise in general and administrative expenses, which climbed to Rs13.33 million from Rs12.88 million in 2024.
The company also reported an unrealized loss on equity investments of Rs46,875, compared with Rs44,538 in the previous year, adding further pressure to its overall financial performance. No provision for taxation was recorded during the year.
In light of the financial results, the Board of Directors decided not to recommend any cash dividend, bonus shares, right shares, or any other entitlement for shareholders for FY2025.
The latest results indicate that while Progressive Insurance maintained stable investment income, rising operating costs continued to weigh on profitability, leaving the company in the red for another consecutive year.
