Karachi: Habib Insurance Company Limited announced its financial results for the first quarter of 2026, revealing significant changes in its financial position compared to the previous year. In a meeting held on April 28, 2026, the Board of Directors disclosed that no cash dividend, bonus shares, or right shares would be distributed for the quarter ending March 31, 2026.
The company’s total assets slightly decreased to 7.71 billion rupees from 7.77 billion rupees at the end of December 2025. This reduction was accompanied by a decline in equity from 2.37 billion rupees to 2.18 billion rupees, while liabilities increased to 5.52 billion rupees from 5.40 billion rupees in the same period. The company’s reserves fell from 1.59 billion rupees to 1.31 billion rupees, marking a significant impact on its financial stability.
According to information available from the Pakistan Stock Exchange (PSX), the insurance firm’s investment income decreased from 151.07 million rupees to 100.08 million rupees, a very large or significant move. This decline in investment returns was a major factor in the overall decrease in profitability for the quarter.
The net insurance premium rose to 536.60 million rupees from 422.46 million rupees, indicating a big move in revenue generation. However, the company faced higher net insurance claims and increased management expenses, which resulted in an underwriting result of 30.74 million rupees compared to 5.53 million rupees in the same period last year.
The profit for the period before tax stood at 125.64 million rupees, slightly down from 131.60 million rupees in the first quarter of 2025. The income tax expense was marginally lower at 37.17 million rupees compared to 38.13 million rupees in the previous year, allowing the profit for the period to be 88.48 million rupees, down from 93.47 million rupees.
The company also reported a substantial drop in other comprehensive income, with a loss of 272.46 million rupees in contrast to a loss of 54.14 million rupees in the same quarter of the previous year. This resulted in a total comprehensive income loss for the period of 183.99 million rupees compared to a positive figure of 39.33 million rupees in Q1 2025.
The earnings per share were reported at 0.71 rupees, down from 0.75 rupees in the corresponding period of the previous year, reflecting the company’s challenges in maintaining its profitability amidst fluctuating investment returns and increased operational costs.