Pakistan Reinsurance Reports Rs3.13 Billion Profit, Recommends 10% Cash Dividend
Pakistan Reinsurance Company Limited (PRCL) has reported a profit after tax of approximately Rs3.13 billion for the year ended December 31, 2025, while its Board of Directors has recommended a 10% cash dividend, equivalent to Rs1 per share.
According to the company’s filing with the Pakistan Stock Exchange (PSX), the recommendation was made at the Board’s 199th meeting held on April 7, 2026. The company said no bonus shares or right shares were recommended for shareholders.
Profitability remains positive
The financial statements show that PRCL recorded profit for the year of around Rs3.13 billion, compared with approximately Rs3.78 billion in 2024. Earnings per share also declined to about Rs3.48 from Rs4.20 during the previous year.
The company’s results reflect continued profitability despite the year-on-year decline in earnings. The financial statements include both conventional insurance operations and the company’s Window Retakaful Operations.
Dividend recommendation
The Board has recommended a cash dividend of 10%, or Rs1 per share of Rs10 each. No bonus shares, right shares or other corporate actions were proposed alongside the dividend.
The dividend recommendation will be subject to the applicable corporate and regulatory requirements.
Auditors issue qualified reports
An important disclosure in the filing is that the company’s external auditors issued qualified audit reports for both the conventional and Window Retakaful accounts. The company attached the relevant audit reports with its financial results.
The conventional-account auditor’s report identifies matters including receivables from Sindh Revenue Board and other unreconciled balances as the basis for the qualified opinion. The report also discusses several key audit matters, including revenue recognition, valuation of outstanding claims and investments and related income.
For the Window Retakaful Operations, the auditors also issued a qualified opinion, with unreconciled balances identified in the basis for the qualification.
Retakaful operations
The financial statements separately present the company’s Window Retakaful Operations. The profit and loss statement for the year ended December 31, 2025 records an operator’s profit after taxation attributable to shareholders of approximately Rs30.4 million.
The accompanying statements provide separate information for the Participants’ Retakaful Fund and the Operator’s Retakaful Fund, highlighting the company’s activities in the retakaful segment.
Annual report to follow
PRCL said its Annual Report for the year ended December 31, 2025 would be transmitted through PUCARS separately within the specified timeframe and would also be made available on the company’s website.
Overall, the filing shows that Pakistan Reinsurance remained profitable during 2025 and proposed a cash dividend for shareholders, while the qualified audit opinions and identified accounting matters remain notable disclosures accompanying the results.
