KARACHI: Habib Insurance Company Limited has announced its financial results for the quarter ended March 31, 2026, reporting a net profit of Rs88.48 million, slightly lower than the Rs93.47 million earned during the corresponding period last year. Earnings per share (EPS) stood at Rs0.71, compared to Rs0.75 in the same quarter of 2025.
The company’s Board of Directors, in a meeting held on April 28, 2026, approved the quarterly financial statements and decided not to recommend any cash dividend, bonus shares, or right shares for shareholders.
During the first quarter, Habib Insurance recorded net insurance premium of Rs536.60 million, up from Rs422.46 million a year earlier, reflecting healthy growth in premium generation. However, higher insurance claims, acquisition costs, and management expenses weighed on profitability, resulting in underwriting income of Rs30.74 million, compared with Rs5.53 million in the corresponding period last year.
Investment income declined to Rs100.08 million from Rs151.07 million in the same quarter of 2025, contributing to the modest year-on-year decrease in net earnings. Profit before tax stood at Rs125.64 million, while income tax expense amounted to Rs37.17 million, leaving profit after tax at Rs88.48 million.
The company also reported an other comprehensive loss of Rs272.46 million, primarily due to unrealized losses on available-for-sale investments. As a result, total comprehensive income for the quarter recorded a loss of Rs183.99 million, compared with a positive comprehensive income of Rs39.33 million in the same period last year.
On the financial position side, total assets stood at Rs7.71 billion as of March 31, 2026, while total equity was reported at Rs2.18 billion. The company’s cash and bank balances amounted to Rs13.58 million at the end of the quarter.
Despite softer bottom-line earnings and losses on investment revaluations, Habib Insurance maintained steady operational performance through improved premium growth and stronger underwriting results, while continuing to preserve capital by withholding dividend distributions for the quarter.
