Karachi: Shaheen Insurance Company Ltd. has disclosed its financial results for the half-year ending June 30, 2026, highlighting key financial metrics amidst a challenging economic environment. The company's Board of Directors convened via video link on August 25, 2026, to review the interim financial performance, as disclosed in the latest report.

The company's assets totaled 2.85 billion rupees as of June 30, 2026, a decrease from 2.92 billion rupees reported at the end of the previous year. This reflects a reduction in both property and equipment, and intangible assets, which stood at 126.24 million rupees and 549,218 rupees, respectively. Investments in equity securities also saw a decline to 78.87 million rupees from 143.20 million rupees.

In terms of liabilities, Shaheen Insurance reported a decrease to 1.60 billion rupees from 1.77 billion rupees as of December 31, 2025. This reduction is attributed to lower outstanding claims and unearned premium reserves. Shareholders' equity, however, increased to 1.25 billion rupees from 1.15 billion rupees, driven by an increase in share capital to 1.05 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), Shaheen Insurance's net insurance premium for the six months ending June 30, 2026, rose to 879.68 million rupees, up from 721.80 million rupees in the same period last year, indicating a significant move. Despite this rise, net insurance claims also increased to 475.13 million rupees from 441.61 million rupees, while management expenses grew to 141.21 million rupees from 125.28 million rupees.

The company's profit before tax increased to 148.11 million rupees from 92.17 million rupees for the same period in the previous year. After accounting for taxation, the profit after tax amounted to 106.29 million rupees, compared to 65.44 million rupees in the prior year. Earnings per share for the period were reported at 1.01 rupees, compared to 0.62 rupees in the first half of 2025.

No dividends, bonus shares, or right shares were announced for the period. Additionally, no other entitlements or corporate actions were recommended by the Board during the meeting.

The designated market category for Shaheen Insurance remains consistent with its previous classification, as the company continues to navigate a competitive insurance sector.