Karachi: Premier Insurance Limited has announced its financial results for the quarter ending March 31, 2026, revealing a profit of 94.75 million rupees, up from 22.20 million rupees in the same period last year. The company held its Board of Directors meeting on April 28, 2026, where it was decided that no cash dividend, bonus shares, or right shares would be distributed this quarter.

The company’s total assets decreased to 3.13 billion rupees, a drop from 3.35 billion rupees as of December 31, 2025. This decline is primarily attributed to a reduction in the value of equity securities investments, which fell from 1.04 billion rupees to 741.57 million rupees. According to information available from the Pakistan Stock Exchange (PSX), this represents a very large or significant move of approximately 28.55%. Additionally, the company’s reserves dropped from 1.60 billion rupees to 1.32 billion rupees, contributing to a decrease in total equity to 1.10 billion rupees from the previous 1.29 billion rupees.

Investment income significantly increased to 89.99 million rupees from 38.63 million rupees, marking a very large or significant move of 133%. Other income also saw a substantial rise, increasing to 12.43 million rupees from 745,000 rupees. The company’s management expenses, however, rose to 41.88 million rupees from 32.23 million rupees.

In their report, Premier Insurance Limited noted a total comprehensive loss for the period of 192.66 million rupees, in contrast to a loss of 37.41 million rupees in the same period last year. This was largely due to unrealized losses on available-for-sale investments, which amounted to 287.42 million rupees.

Premier Insurance Limited operates within the designated market category of financial services, providing conventional insurance products as well as Window Takaful Operations. The latter reported a loss before tax of 18.01 million rupees, an improvement from the 23.02 million rupees loss reported in the previous year.

The quarterly report, including detailed financial statements, is expected to be transmitted through the Pakistan Unified Corporate Action Reporting System (PUCARS) in due course.