Karachi: East West Insurance Company Limited, a publicly traded entity on the Pakistan Stock Exchange, has released its unaudited condensed interim financial statements for the six-month period ending June 30, 2026. The company, incorporated in 1983 under the now-repealed Companies Act, 1913, is engaged in a wide spectrum of general insurance services, including fire and property, marine, aviation and transport, engineering, and motor insurance, among others.
According to the report dated August 31, 2026, the company operates from its registered office located at Regal Plaza, Jinnah Road, Quetta, with its principal activities managed from Sarwar Shaheed Road, Lakson Square Building No. 03, Karachi. East West Insurance maintains three principal offices and 25 branches across Pakistan, reflecting its extensive geographical footprint in the region.
The financial statements have been prepared in compliance with the accounting standards applicable in Pakistan, specifically International Accounting Standard 34, Interim Financial Reporting, as notified under the Companies Act, 2017. The compliance also includes provisions under the Insurance Ordinance, 2000, and Takaful Rules, 2012, among others. The company has clarified that in cases of differing requirements, the directives under the Companies Act, 2017, and the Insurance Ordinance, 2000, would prevail.
East West Insurance commenced its Window Takaful Operations on May 8, 2018, adhering to the Takaful Rules set by the Securities and Exchange Commission of Pakistan (SECP). These operations are represented in a single line item within the company's financial statements, as required by the General Takaful Accounting Regulation, 2019.
According to information available from the Pakistan Stock Exchange (PSX), East West Insurance continues to maintain its presence as a key player in the general insurance market category. The company's financial reporting highlights a consistent application of accounting policies, aligned with those utilized in the preceding annual audited financial statements for the year ended December 31, 2025.
The interim financials are prepared under the historical cost convention, with exceptions for certain financial assets and liabilities valued differently, reflecting the company's adherence to precise accounting and reporting standards. The statements are presented in Pakistani Rupees, the functional and presentation currency of the company.
The management's use of estimates and judgments remains consistent with prior periods, ensuring the reliability of reported amounts. As new accounting standards take effect from January 1, 2026, East West Insurance has determined these changes to be non-impactful on its current operations, although future transactions and events may be affected.
The company continues to uphold its material accounting policies, maintaining consistency with the methods of computation used in the previous year's annual audited financial statements.