Jubilee General Insurance Company Limited has reported improved financial performance for the nine months ended September 30, 2026, recording growth in net insurance premiums, underwriting results and after-tax profit compared with the corresponding period last year.
According to the company’s unaudited nine-month financial report, Jubilee General Insurance continued to demonstrate resilience amid changing economic conditions and challenges in the insurance industry.
Net Profit Increases to Rs3.43 Billion
The company’s profit after tax increased to Rs3.43 billion during the nine months ended September 30, 2026, compared with Rs3.24 billion in the corresponding period of 2025.
This represents an improvement of approximately 5.7 percent year-on-year. Earnings per share also increased to Rs17.27 from Rs16.34, reflecting improved profitability for shareholders.
Profit before tax reached Rs5.57 billion, compared with Rs5.22 billion in the same period last year, showing continued growth in the company’s overall earnings.
Strong Growth in Net Insurance Premiums
Jubilee General Insurance recorded significant growth in its insurance business during the reporting period.
Net insurance premiums increased to Rs7.88 billion from Rs6.14 billion in the corresponding nine-month period of 2025, representing growth of approximately 28.4 percent.
The increase reflects the company’s continued business activity and its ability to expand its insurance portfolio across different market segments.
However, net insurance claims also increased to Rs4.74 billion from Rs3.49 billion, highlighting the importance of effective claims management and underwriting discipline.
Underwriting Performance Improves
The company’s underwriting results showed positive growth, reaching Rs677.06 million during the nine months of 2026, compared with Rs553.67 million in the same period last year.
This improvement indicates that the company maintained positive momentum in its core insurance operations despite higher claims expenses and operating costs.
Strong underwriting performance remains an important factor in supporting the company’s long-term financial stability.
Investment Income and Financial Position
Net investment income stood at Rs4.04 billion during the reporting period, compared with Rs4.54 billion in the corresponding period of 2025.
Although investment income declined year-on-year, growth in insurance premiums and underwriting results helped the company deliver higher overall profitability.
The company’s performance reflects the contribution of its diversified business operations and investment portfolio.
Recognition and Corporate Standing
Jubilee General Insurance continues to maintain a strong position in Pakistan’s insurance sector. The company highlights its AA++ ratings from PACRA and VIS, along with a B rating from AM Best.
It has also received recognition through the PSX Top 25 Companies Award, a runner-up award in the non-life insurance sector from MAP, and certificates of merit from ICAP, ICMAP and SAFA.
These achievements reflect the company’s continued focus on corporate governance, operational performance and customer confidence.
Outlook
Looking ahead, Jubilee General Insurance is expected to remain focused on strengthening its insurance operations, improving underwriting performance, managing claims efficiently and maintaining a disciplined investment strategy.
The latest nine-month results demonstrate that the company has maintained positive earnings growth despite pressure on investment income and higher insurance claims.
With improving net premiums, stronger underwriting results and higher earnings per share, Jubilee General Insurance has delivered a positive financial performance during the first nine months of 2026.
