The Pakistan General Insurance Company Limited (PGIC) reported a significant increase in net insurance premium income for the year ended December 31, 2025, reflecting strong business growth despite a decline in overall profitability compared to the previous year.
According to the company’s Statement of Profit or Loss and Other Comprehensive Income, net insurance premium rose sharply to Rs135.38 million in 2025, compared with Rs7.54 million in 2024. The increase highlights improved underwriting activity and premium generation during the year. However, higher claims, acquisition costs, and management expenses weighed on profitability.
PGIC recorded underwriting profits of Rs49.72 million during 2025, a notable improvement from Rs16.64 million in the previous year. Investment income also contributed positively, amounting to Rs7.08 million, while rental income reached Rs4.34 million.
Despite stronger underwriting performance, profit before taxation declined to Rs26.56 million from Rs31.38 million in 2024. After accounting for taxation, the company posted a profit after tax of Rs28.38 million, compared with Rs31.80 million a year earlier. Earnings per share also decreased to Rs0.57 from Rs0.64 in 2024.
On the balance sheet side of comprehensive income, the company reported other comprehensive income of Rs18.81 million, primarily driven by a revaluation surplus on property and equipment. As a result, total comprehensive income for the year stood at Rs47.20 million, compared with Rs66.02 million recorded in 2024.
The results indicate that while PGIC successfully expanded its insurance business and strengthened underwriting profitability, overall earnings were impacted by higher operating costs and lower non-core income, leading to a modest decline in annual profits.
