Karachi: Adamjee Life Assurance Company Limited released its unaudited financial results for the nine-month period ending September 30, 2025, showing a substantial increase in both assets and revenue compared to the previous year.
The total assets of Adamjee Life stood at 130.65 billion rupees as of September 30, 2025, up from 116.43 billion rupees at the end of 2024. This represents a significant move in the company's asset base. The increase was driven by growth across several asset categories, including equity securities, which rose to 18.46 billion rupees from 15.21 billion rupees, and government securities, which increased to 89.60 billion rupees from 79.58 billion rupees.
Revenue from premiums and contributions reached 25.50 billion rupees for the nine-month period, compared to 19.64 billion rupees during the same period in 2024. Net premium revenue also saw an increase to 24.62 billion rupees from 19.00 billion rupees. Despite the rise in revenue, investment income declined to 8.96 billion rupees from 11.55 billion rupees, reflecting a moderate move.
According to information available from the Pakistan Stock Exchange (PSX), Adamjee Life's net income for the nine months was 41.58 billion rupees, an increase from 36.27 billion rupees in the previous year. However, profit after tax for the period decreased to 978.39 million rupees from 1.14 billion rupees, indicating a moderate move in profitability.
The company's liabilities increased to 124.76 billion rupees from 111.00 billion rupees at the end of 2024, largely due to higher insurance and takaful liabilities, which rose to 119.57 billion rupees from 106.35 billion rupees. Other liabilities, including deferred taxation and other creditors, also contributed to this increase.
In terms of equity, Adamjee Life reported a total of 5.89 billion rupees, up from 5.43 billion rupees at the end of the previous year. This includes an increase in ordinary share capital to 2.63 billion rupees from 2.50 billion rupees, following the issuance of bonus shares.
The company's total comprehensive income for the period amounted to 967.84 million rupees, down from 1.13 billion rupees in 2024. Despite this decline, Adamjee Life maintained its interim and final dividend payments at 1 rupee per share, reflecting a 10% dividend payout.
These financial results underscore Adamjee Life's continued growth in assets and revenue, despite facing challenges in maintaining profitability. The company remains a key player in the designated market category of life assurance in Pakistan.