Karachi: Adamjee Life Assurance Company Limited has reported a decrease in its profit for the nine-month period ending September 30, 2026, according to its condensed interim statement released on October 26, 2026. The company's profit after tax for this period stood at 549.33 million rupees, down from 978.39 million rupees in the same period last year.

The insurance firm, operating within the financial services market, recorded a decrease in net premium/contribution revenue, which amounted to 21.84 billion rupees for the nine months ended September 30, 2026, compared to 24.62 billion rupees in the corresponding period of 2025. This marks a significant move of 11.33% decrease in net premium/contribution revenue.

Investment income for the nine-month period was recorded at 8.47 billion rupees, a decrease from 8.96 billion rupees the previous year. The company also reported net fair value losses on financial assets at fair value through profit or loss amounting to 1.12 billion rupees, contrasting with a gain of 4.65 billion rupees in the previous year.

The total expenses for the period amounted to 947.68 million rupees, compared to 16.12 billion rupees in the same period last year. This shift represents a very large or significant move, reflecting a contraction in expenses by 94.12%.

According to information available from the Pakistan Stock Exchange (PSX), there was a decline in Adamjee Life Assurance's earnings per share, which fell to 2.09 rupees from 3.73 rupees, illustrating a decrease that aligns with the company's reported decline in profitability.

The company’s results from operating activities stood at 806.54 million rupees, down from 1.60 billion rupees the previous year, which indicates a big move in the reduction of operational income.

The income tax expense for the nine-month period was 257.21 million rupees, a decline from 622.65 million rupees in the previous year. Meanwhile, the profit for the quarter ended September 30, 2026, was 122.09 million rupees, down from 398.39 million rupees in the same quarter of 2025.

Adamjee Life Assurance's financial performance reflects a challenging period with reduced revenues and substantial fair value losses on financial assets, impacting its overall profitability for the nine months ended September 30, 2026.