Pak-Qatar General Takaful Limited (PSX: PQGTL) has reported an increase in its after-tax profit for the nine months ended September 30, 2026, reflecting improved earnings from its core business operations.
According to the company’s financial results submitted to the Pakistan Stock Exchange (PSX), Pak-Qatar General Takaful posted a profit after taxation of Rs89.10 million during the nine-month period, compared with Rs70.78 million in the corresponding period last year. This represents an increase of approximately 25.9 percent year-on-year.
The company’s earnings per share (EPS) stood at Rs0.93 for the period, compared with Rs1.10 in the same period of 2025.
Growth in Takaful Business
The company’s participants’ Takaful fund recorded contribution revenue of Rs642.59 million during the nine months, compared with Rs582.89 million in the corresponding period last year.
After accounting for contributions ceded to retakaful, net contribution revenue reached Rs363.01 million, up from Rs325.03 million a year earlier.
Net underwriting income increased to Rs426.66 million from Rs385.49 million, indicating growth in the company’s underwriting operations.
However, net Takaful claims, including IBNR, increased to Rs418.94 million compared with Rs369.35 million in the same period last year. Consequently, the surplus transferred to accumulated surplus declined to Rs14.63 million from Rs24.95 million.
Shareholders’ Fund Performance
The shareholders’ fund also delivered improved profitability during the reporting period. Wakalah fee income increased to Rs445.19 million from Rs389.38 million in the corresponding period of 2025.
Meanwhile, investment and other income reached Rs104.29 million, compared with Rs79.42 million last year.
The company recorded a profit before taxation of Rs125.49 million, compared with Rs98.99 million in the corresponding period. After accounting for taxation of Rs36.39 million, profit after taxation attributable to shareholders stood at Rs89.10 million.
No Dividend Announced
The Board of Directors of Pak-Qatar General Takaful Limited, in its meeting held on October 30, 2026, considered the financial performance for the nine months ended September 30, 2026.
The board did not recommend any cash dividend, bonus shares or right shares. The company also reported no other price-sensitive information in its announcement to the Pakistan Stock Exchange.
Outlook
Pak-Qatar General Takaful’s financial results reflect growth in its contribution revenue, underwriting income and shareholders’ profitability. The increase in claims and the decline in the participants’ fund surplus remain important areas to monitor.
Going forward, the company’s ability to manage claims, sustain contribution growth and improve investment returns will be important factors in determining its financial performance.
