Crescent Star Insurance Limited (CSIL) has reported a net loss of Rs39.08 million for the quarter ended March 31, 2026, compared to a profit of Rs12.89 million recorded in the same period last year, reflecting pressure on the company’s investment portfolio and underwriting performance.
According to the financial results submitted to the Pakistan Stock Exchange (PSX), the insurer posted a loss per share (LPS) of Rs0.26, compared to earnings per share (EPS) of Rs0.12 in the corresponding quarter of 2025. The company’s total comprehensive loss for the period stood at Rs85.05 million, significantly higher than the comprehensive income of Rs20.73 million reported a year earlier.
During the quarter, net insurance premium declined sharply to Rs19.11 million from Rs31.27 million in the same period last year. Underwriting operations also remained under pressure, resulting in an underwriting loss of Rs15.70 million compared to an underwriting profit of Rs1.73 million in the corresponding quarter of 2025.
A major factor behind the weak performance was a substantial decline in investment income. The company recorded a negative investment income of Rs26.56 million during the quarter, compared to a positive investment income position in the same period last year. This significantly affected overall profitability and pushed operating results into a loss of Rs42.84 million before taxation.
The company’s balance sheet showed total assets of Rs1.69 billion as of March 31, 2026, slightly higher than Rs1.64 billion at the end of the corresponding period last year. Total equity increased to Rs1.38 billion, supported by the issuance of right shares during the quarter. Cash and bank balances also improved significantly to Rs116.08 million.
In its notification to the PSX, the Board of Directors announced that no cash dividend or bonus shares would be distributed. The board further stated that a decision regarding right shares would be finalized in a continuation meeting scheduled for May 4, 2026.
The results highlight the challenges faced by insurance companies amid volatile investment markets, with Crescent Star Insurance’s profitability heavily impacted by investment losses and weaker underwriting performance during the quarter.
