Shaheen Insurance Company Limited reported a strong start to 2026, posting a profit after tax of Rs31.83 million for the quarter ended March 31, 2026, compared to Rs28.56 million in the same period last year, reflecting an increase of approximately 11.4%. The financial results were approved by the company’s Board of Directors in a meeting held on April 30, 2026.
According to the company’s condensed interim financial statements, earnings per share (EPS) improved to Rs0.39 during the first quarter of 2026, up from Rs0.35 recorded in the corresponding period of 2025. The improvement was supported by stronger operating performance and steady investment income.
Shaheen Insurance generated profit before tax of Rs44.83 million, compared with Rs40.23 million in the same quarter last year. Taxation expenses amounted to Rs13.0 million, resulting in the net profit of Rs31.83 million. Investment income remained a significant contributor, reaching Rs11.21 million, while underwriting activities also delivered positive results during the period.
The company’s total comprehensive income stood at Rs33.61 million for the quarter, compared to Rs36.15 million a year earlier. Other comprehensive income contributed Rs1.78 million, primarily driven by unrealized gains on available-for-sale investments.
On the balance sheet front, Shaheen Insurance’s total assets increased to Rs3.02 billion as of March 31, 2026, compared with Rs2.92 billion at the end of December 2025. Total equity attributable to shareholders also strengthened, rising to Rs1.18 billion from Rs1.15 billion over the same period.
The Board did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the quarter. The company stated that its complete quarterly report for the period ended March 31, 2026, would be transmitted separately through the relevant regulatory channels.
The latest results indicate continued financial stability for Shaheen Insurance, supported by healthy underwriting operations, investment returns, and a stronger asset base, positioning the company positively for the remainder of the year.
