Pak-Qatar Family Takaful Posts Rs.291 Million Profit as Business Expands in 2025
Pak-Qatar Family Takaful Limited (PQFTL) recorded another year of business development and financial growth in 2025, marked by its successful listing on the Pakistan Stock Exchange (PSX), expansion into pension solutions and improved profitability.
According to the company’s Annual Report 2025, PQFTL generated gross contribution of approximately Rs.30.03 billion during the year, compared with Rs.28.82 billion in 2024. The company said its strategy during the year focused increasingly on sustainable and quality growth, stronger underwriting discipline and profitability rather than simply pursuing higher business volumes.
Profitability improves
PQFTL reported profit before tax of Rs.429 million in 2025, compared with Rs.366.4 million a year earlier. Profit after tax increased to approximately Rs.291.3 million, up from Rs.269.7 million in 2024.
The company attributed the improvement to growth in higher-margin product lines, improved claims experience within the Participant Takaful Fund, investment income and tighter expense management. Its reported expense ratio also improved as technology and streamlined processes supported operational efficiency.
The annual report’s financial figures show gross contribution rising to Rs.30.03 billion, while net takaful claims and benefits stood at Rs.26.58 billion. Wakala fee income was reported at Rs.1.13 billion during the year.
Successful PSX listing marks a major milestone
One of the defining events of 2025 was PQFTL’s listing on the Pakistan Stock Exchange on December 31, 2025. The company said its initial public offering raised Rs.901 million at a premium and attracted demand that resulted in the offering being oversubscribed multiple times.
The listing strengthened the company’s capital base and expanded its shareholder base as PQFTL entered a new phase as a publicly traded company.
The annual report also shows that shareholders’ equity increased substantially during the year. The net assets of the Shareholders’ Fund reached approximately Rs.3.35 billion at December 31, 2025, while the break-up value per share stood at Rs.14.53, compared with Rs.14.15 at the end of 2024.
New focus on retirement and pension solutions
Product development was another important area for PQFTL in 2025. In February, the company launched the Lifetime Kafalat Plan, described in the annual report as Pakistan’s first lifetime guaranteed pension plan. The Shariah-compliant product is designed to provide a lifelong retirement income, with contributions calculated using actuarial techniques.
The company also expanded into pension fund management. In October 2025, PQFTL launched its Voluntary Pension Scheme funds for Khyber Pakhtunkhwa and entered agreements with the governments of Khyber Pakhtunkhwa and Punjab to provide Shariah-compliant pension solutions for government employees.
These initiatives broaden PQFTL’s business beyond traditional family Takaful products and provide additional avenues for growth in Pakistan’s developing retirement savings market.
Participant Takaful Fund returns to stronger position
The Participant Takaful Fund (PTF) also showed improvement during 2025. Benefits and claims paid from the fund amounted to Rs.26.5 billion, including participant withdrawals, surrenders and maturities.
The PTF recorded an operational surplus of approximately Rs.102.9 million in 2025, compared with a surplus of Rs.8.4 million in 2024. The company linked the improvement to measures including repricing selected products and reducing exposure to high-loss-ratio accounts, particularly in the group health segment.
The report states that the fund’s reserves stood at approximately Rs.814.4 million at the end of 2025, compared with Rs.706.5 million a year earlier.
Dividend proposed for shareholders
Following the year’s financial performance, the Board recommended a cash dividend of Rs.1 per share, equivalent to 10% of par value, for the year ended December 31, 2025. The proposed payout remains subject to approval by shareholders at the Annual General Meeting.
The company noted that the proposed dividend would represent the first payout as a listed company for shareholders who joined through the IPO.
Strong credit ratings maintained
PQFTL also highlighted its credit strength during the year. Its Insurer Financial Strength rating was upgraded to AA with a Stable Outlook by VIS Credit Rating Company Limited, while PACRA reaffirmed its rating at A++. The company also received an AM2+ Asset Manager rating with a Stable Outlook from PACRA in connection with its pension fund management activities.
Overall, 2025 represented a significant transition year for Pak-Qatar Family Takaful. Alongside improved profitability, the company strengthened its capital position, expanded its product portfolio, entered the pension management space and completed its PSX listing.
With its focus on Shariah-compliant protection, savings and retirement solutions, PQFTL enters the next phase of its development with a broader business platform and an expanded presence in Pakistan’s financial services sector.
