Karachi: IGI Life Insurance Limited has published its financial results for the quarter and nine-month period ending September 30, 2026, revealing a contraction in several key financial metrics compared to the previous year. The date of the report is October 26, 2026.

The gross premium or contribution revenue for the nine months ended September 30, 2026, registered at 7.91 billion rupees, showing a decrease from the 11.33 billion rupees recorded in the same period of 2025. The quarter ending in September 2026 also saw a decline to 2.81 billion rupees from 4.19 billion rupees in the corresponding quarter of 2025.

Net premium or contribution revenue after accounting for premiums ceded to reinsurers or retakaful operators stood at 7.57 billion rupees for the nine-month period, down from 10.94 billion rupees in the previous year. The quarterly figure similarly decreased to 2.69 billion rupees from 4.05 billion rupees.

Investment income for the nine-month period reached 1.00 billion rupees, reflecting a moderate move, down from 2.17 billion rupees in 2025. The quarterly investment income also decreased to 321.76 million rupees from 638.41 million rupees. Net realized fair value gains on financial assets increased to 1.05 billion rupees from 609.48 million rupees over the same nine-month period and rose to 223.29 million rupees from 192.19 million rupees for the quarter.

According to information available from the Pakistan Stock Exchange (PSX), net income for the nine-month period fell to 9.74 billion rupees from 13.82 billion rupees, while the quarterly net income declined to 3.28 billion rupees from 4.90 billion rupees.

Insurance benefits paid out increased to 10.32 billion rupees over nine months, up from 8.42 billion rupees in 2025, leading to net insurance benefits of 10.20 billion rupees, an increase from 8.22 billion rupees. Quarterly figures showed an increase to 3.21 billion rupees from 3.08 billion rupees in net insurance benefits.

The change in insurance liabilities, excluding outstanding claims, resulted in a decrease of 3.23 billion rupees for the nine-month period, a significant move when compared to an increase of 2.94 billion rupees in 2025. Total expenses were reduced to 802.99 million rupees from 5.24 billion rupees for the same period.

The profit before taxation stood at 349.16 million rupees for the nine months, a minor move from 348.42 million rupees in the previous year. After accounting for taxation of 104.51 million rupees, the profit after taxation was recorded at 244.65 million rupees, showing a minor move from 239.14 million rupees in 2025.

Earnings per share, both basic and diluted, were 1.43 rupees for the nine-month period, a minor move from 1.40 rupees in the previous year. For the quarter, earnings per share were 0.51 rupees, an increase from 0.41 rupees in 2025.