Lahore: The Universal Insurance Company Limited has released its unaudited financial statements for the first half of 2026, revealing a complex financial landscape marked by improvements in premium income yet setbacks in profitability. The report, dated August 28, 2026, was presented by the Board of Directors, reflecting the company's performance over the period ending June 30, 2026.

The company showcased a significant increase in its gross written premium, reaching 19.721 million rupees from 7.606 million rupees in the previous period. Similarly, the net insurance premium saw a substantial rise, escalating to 30.480 million rupees from 12.414 million rupees. The growth was attributed to the underwriting of direct captive business in selected classes.

Despite these gains in premium income, the company's net insurance claims reduced dramatically, with a notable shift from a negative 22.131 million rupees in 2025 to 2.806 million rupees in 2026. However, underwriting results reflected a downturn, moving from a negative 3.103 million rupees to a more considerable loss of 19.930 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), investment and other income experienced a minor move, increasing slightly to 34.067 million rupees from 33.138 million rupees. Nevertheless, the company's profit before taxation experienced a very large move, decreasing to 10.801 million rupees from 27.588 million rupees. Similarly, profit after taxation also saw a very large move downward, falling to 9.239 million rupees from 25.910 million rupees.

The earnings per share reflected these challenges, decreasing to 0.18 rupees from 0.52 rupees in the previous period. Despite the setbacks in profitability, the company's results highlight strategic movements in premium income and a slight uptick in investment returns, indicating a nuanced financial trajectory in a competitive market environment.