Askari General Insurance Reports Steady Profit Growth in H1 2026
Askari General Insurance Company Limited has reported a largely stable financial performance for the half year ended June 30, 2026, with consolidated profit after tax rising to Rs380.3 million, compared with Rs374.5 million in the same period last year.
According to the company’s financial statements, consolidated net insurance premium increased to Rs2.262 billion during the first half of 2026 from Rs1.770 billion a year earlier, reflecting stronger premium generation during the period. However, insurance claims and acquisition-related expenses also increased to Rs1.605 billion from Rs1.193 billion.
The company’s consolidated profit before tax stood at Rs595.7 million, compared with Rs602.8 million in the corresponding period of 2025. Despite the slight decline in pre-tax profit, higher income from other operating activities helped support the overall earnings performance.
Investment income remained an important contributor, amounting to Rs279 million during the six-month period, although this was lower than Rs388.4 million recorded in the same period last year. Rental income and other income, however, provided additional support to the company’s operating results.
Askari General Insurance’s consolidated total comprehensive income reached Rs325.1 million, up from Rs230.4 million in the first half of 2025. The improvement was partly supported by a smaller unrealised loss on available-for-sale investments compared with the previous year.
On an unconsolidated basis, the company posted profit after tax of Rs338.3 million for the half year, compared with Rs337.4 million in the same period last year. Net insurance premium increased to Rs2.266 billion from Rs1.770 billion. However, earnings per share declined to Rs3.36 from Rs4.27, reflecting the impact of the company’s expanded share capital.
The company’s equity position also strengthened. Unconsolidated total equity stood at approximately Rs4.325 billion as of June 30, 2026, compared with Rs4.295 billion at the beginning of the year. The financial statements also show a final cash dividend of Rs2.50 per share relating to 2025.
Overall, the first-half results show that Askari General Insurance maintained its profitability while achieving significant growth in net insurance premiums. The increase in comprehensive income and the expansion of the company’s equity base provide additional positive indicators, although lower investment income and higher claims and acquisition costs remain areas to watch in the coming periods.
