Karachi: EFU Life Insurance Limited has reported robust financial performance for the first half of 2026, according to the Director's Review dated August 28, 2026. The company's gross premium income surged to Rs. 31.8 billion during the six-month period ending June 30, 2026, marking a significant increase of 21.3% compared to Rs. 26.2 billion in the same period the previous year.
The life insurance sector, classified under the LIFE market category, witnessed varied growth across different segments. The new individual life regular premium, including Takaful contributions, experienced a minor move with a 3.8% increase, reaching Rs. 2.84 billion from Rs. 2.73 billion in 2025. Renewal premium income saw a moderate move, increasing to Rs. 12.4 billion from Rs. 12.2 billion, contributing to a total individual life regular premium of Rs. 15.2 billion, up from Rs. 15.0 billion.
The single premium business demonstrated a very large or significant move with a dramatic 212% increase to Rs. 3.57 billion, compared to Rs. 1.14 billion last year. Corporate Benefits Life business also experienced a very large or significant move, growing by 51.9% to Rs. 8.37 billion from Rs. 5.51 billion. The total health premium, encompassing both individual and corporate segments, registered a moderate move with a 4.2% increase, reaching Rs. 5.05 billion from Rs. 4.84 billion.
EFU Life's total family Takaful contribution, including health, amounted to Rs. 7.72 billion, reflecting a very large or significant move with a growth of 31.1% from Rs. 5.89 billion in 2025. Individual Family Takaful business alone soared by 36.2% to Rs. 6.17 billion, while Corporate Family Takaful rose by 30.8% to Rs. 736 million. Takaful Health business saw a minor move with a 2.2% increase to Rs. 815 million.
According to information available from the Pakistan Stock Exchange (PSX), EFU Life's financial health remained solid with a profit before tax reaching Rs. 1.88 billion, a slight decrease from Rs. 1.96 billion in the previous year. However, profit after tax saw a moderate move, increasing to Rs. 1.29 billion from Rs. 1.22 billion. The company's earnings per share also rose to Rs. 12.28 from Rs. 11.59.
In light of these results, the company declared an interim dividend of Rs. 1.5 per share, representing 15%, and announced a Right Issue of approximately 42.857% Right Shares at Rs. 10 per share, available for every 100 ordinary shares held.
Despite geopolitical instability and economic pressures in the region, EFU Life remains optimistic about the growth potential in Pakistan’s life and health insurance industry. The company aims to leverage its customer-centric solutions, digital innovations, and strengthened distribution channels to harness growth opportunities and deliver value to its policyholders and shareholders amidst a challenging market environment.