Karachi: Jubilee General Insurance Company Limited has released its financial results for the third quarter and the nine-month period ending on September 30, 2026, revealing significant developments in its financial operations. The company demonstrated notable financial performance, underscored by a strong increase in net insurance premiums and improved profitability.
During the three-month period ending September 30, 2026, Jubilee General Insurance reported net insurance premiums of 2.65 billion rupees, compared to 1.98 billion rupees in the same period from the previous year. The nine-month period saw net insurance premiums rise to 7.58 billion rupees, up from 6.13 billion rupees, indicating a very large or significant move in the company’s premium income.
Net insurance claims for the three-month period amounted to 1.68 billion rupees, slightly up from 1.61 billion rupees in the corresponding period in 2025. Meanwhile, for the nine-month duration, net insurance claims increased to 4.46 billion rupees compared to 3.73 billion rupees last year. The net commission expense and other acquisition costs for the nine months slightly decreased to 437.71 million rupees from 494.76 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), Jubilee General Insurance's management expenses for the nine-month period increased to 2.10 billion rupees from 1.97 billion rupees in 2025. The underwriting results significantly improved, showing a profit of 577.06 million rupees for the nine months, compared to a loss of 53.66 million rupees in the same period last year.
The company's net investment income for the nine months was 4.64 billion rupees, a slight decrease from 4.84 billion rupees previously. Rental income also decreased to 24.76 million rupees from 59.10 million rupees in 2025. Other income for the nine months was 161.16 million rupees, nearly unchanged from the prior year. Operating activities results showed an increase to 5.08 billion rupees from 4.71 billion rupees in the previous year.
Jubilee General Insurance's profit before tax for the nine-month period rose to 5.56 billion rupees from 5.22 billion rupees, while the profit after tax increased to 3.42 billion rupees from 3.24 billion rupees, showcasing a moderate move in profitability. The earnings per share after tax were recorded at 17.27 rupees for the nine months, up from 16.34 rupees in the previous year.
This financial data places Jubilee General Insurance in a robust position in the market, reflecting its strategic initiatives and operational efficiencies during the period under review.