KARACHI: Premier Insurance Limited has reported a robust financial performance for the quarter ended March 31, 2026, with profit after tax climbing more than fourfold compared to the same period last year, supported by strong investment income and improved underwriting results.
According to the company’s financial results, profit after tax increased to Rs94.75 million in the first quarter of FY2026, compared with Rs22.20 million in the corresponding quarter of FY2025. Earnings per share (EPS) also improved significantly to Rs1.87, up from Rs0.44 a year earlier.
The insurer’s investment income surged to Rs89.99 million, more than doubling from Rs38.63 million recorded in the same quarter last year. In addition, other income rose sharply to Rs12.43 million, contributing to stronger overall profitability. Rental income also edged higher to Rs3.02 million.
Premier Insurance’s underwriting business also showed improvement, with underwriting profit increasing to Rs10.63 million from Rs5.53 million in the first quarter of FY2025. Net insurance premium reached Rs65.76 million, while management expenses increased to Rs41.88 million during the period.
The company reported profit before taxation of Rs94.48 million, compared with Rs21.95 million in the same period last year. Despite the strong earnings growth, the company recorded an other comprehensive loss of Rs287.42 million, primarily reflecting unrealized losses on available-for-sale investments, resulting in a total comprehensive loss of Rs192.66 million for the quarter.
On the balance sheet, total assets stood at Rs3.13 billion as of March 31, 2026, while total equity amounted to Rs1.10 billion. Cash and bank balances were reported at Rs4.26 million at the end of the quarter.
The Board of Directors did not recommend any cash dividend, bonus shares, or right shares for the quarter ended March 31, 2026.
