Century Insurance Company Limited has announced its financial results for the six-month period ended June 30, 2026, reporting a profit after tax of Rs204.28 million, compared with Rs249.97 million in the corresponding period of 2025.
The company’s Board of Directors approved the financial results at its meeting held on August 17, 2026, and recommended an interim cash dividend of Rs8 per share, equivalent to 80% of the face value of Rs10 per share. The dividend will be paid to shareholders whose names appear in the register of members on August 31, 2026.
Insurance business remains resilient
According to the company’s half-year financial statements, net insurance premium increased to Rs854.71 million during the first six months of 2026 from Rs765.64 million a year earlier.
The company also recorded a rise in its underwriting result, which reached Rs117.20 million, compared with Rs112.41 million in the same period of 2025. This suggests that the core insurance business continued to generate a positive contribution despite higher claims and acquisition-related costs.
Net insurance claims stood at Rs466.35 million, compared with Rs417.97 million in the prior-year period, while management expenses increased to Rs312.91 million from Rs279.15 million.
Investment income declines
While underwriting performance improved, lower investment income weighed on overall profitability. Investment income amounted to Rs149.79 million in the six months ended June 30, 2026, down from Rs247.57 million in the same period last year.
As a result, the results of operating activities declined to Rs277.69 million from Rs361.80 million.
The company also reported Rs49.30 million in profit from Window Takaful operations – Operator’s Fund, compared with Rs43.72 million a year earlier.
Earnings per share decline
The decline in overall profitability was reflected in earnings per share. Basic EPS fell to Rs3.69 for the six-month period, compared with Rs4.52 in the corresponding period of 2025.
For the April-June quarter alone, Century Insurance posted profit after tax of Rs183.43 million, up from Rs141.05 million in the same quarter of 2025. Quarterly EPS consequently improved to Rs3.32 from Rs2.55.
Stronger asset base and operating cash flow
Century Insurance’s total assets stood at approximately Rs7.64 billion as of June 30, 2026, compared with Rs6.98 billion at the end of December 2025.
The company also generated Rs271.60 million in net cash from operating activities during the first half, substantially higher than Rs113.43 million recorded in the same period last year.
Cash and cash equivalents increased to Rs331.47 million at June 30, 2026, from Rs240.51 million at the beginning of the year.
Dividend reinforces shareholder returns
Despite the decline in half-year earnings, the company maintained its focus on shareholder distributions by recommending an Rs8 per share interim cash dividend.
The share transfer books will remain closed from September 1 to September 3, 2026, both days inclusive, according to the company’s notice.
Overall, Century Insurance’s first-half results present a mixed picture: the company achieved growth in net insurance premiums and underwriting results, while weaker investment income resulted in lower overall earnings. At the same time, improved operating cash generation and the sizeable interim dividend provide positive highlights for shareholders.
