KARACHI: Century Insurance Company Limited has reported a sharp decline in profitability for the first quarter ended March 31, 2026, as weaker investment income significantly impacted its bottom line despite growth in insurance premium revenue. The company announced its unaudited financial results following a Board of Directors meeting held on April 28, 2026.
During the January–March 2026 period, Century Insurance posted a profit after tax of Rs20.85 million, down nearly 81% from Rs108.91 million recorded in the corresponding period last year. Consequently, earnings per share (EPS) declined to Rs0.38, compared with Rs1.97 in the same quarter of 2025. The financial performance is detailed in the company’s condensed interim profit and loss account on page 2 of the report.
The insurer’s net insurance premium increased to Rs427.27 million, compared with Rs398.41 million a year earlier, reflecting healthy growth in underwriting business. However, underwriting results slipped slightly to Rs62.84 million from Rs67.12 million, while management expenses rose to Rs156.99 million.
A major factor behind the earnings decline was a sharp deterioration in investment income, which recorded a loss of Rs42.51 million, compared with investment income of Rs96.23 million in the same period last year. Although the company generated other income of Rs8.37 million, it was insufficient to offset the impact of weaker investment returns.
Century Insurance reported profit before tax of Rs36.05 million, while its tax expense stood at Rs15.20 million, resulting in the quarter’s net profit of Rs20.85 million.
The company’s balance sheet remained solid, with total assets of Rs6.76 billion as of March 31, 2026, while total equity stood at Rs3.42 billion, providing a strong capital base despite the decline in quarterly earnings. These figures are presented in the statement of financial position on page 4.
Meanwhile, Century Insurance reported a total comprehensive loss of Rs35.40 million, primarily due to unrealized losses on available-for-sale investments, highlighting the impact of market fluctuations on its investment portfolio. This is reflected in the statement of comprehensive income on page 3.
Looking ahead, the company’s performance will largely depend on the recovery of investment markets and its ability to sustain premium growth while maintaining underwriting discipline in the coming quarters.
