Karachi: Adamjee Life Assurance Company Limited has disclosed its financial performance for the first half of 2025, showing a notable growth in assets and a slight decline in profit after tax. This was revealed in the company’s condensed interim statement of financial position and profit or loss, issued as of June 30, 2025.
The company’s total assets stood at 122.08 billion rupees, up from 116.43 billion rupees at the end of 2024. This increase represents a Big move, driven primarily by substantial gains in government securities and insurance receivables. Government securities investments reached 85.72 billion rupees, marking a Very large or significant move. Insurance receivables also saw a Very large or significant move, standing at 201.95 million rupees compared to 61.44 million rupees in the previous year.
Equity securities, however, experienced a Big move decline, totaling 14.45 billion rupees, down from 15.21 billion rupees. Meanwhile, cash and bank balances showed a Big move rise to 6.45 billion rupees from 6.25 billion rupees.
On the liabilities side, insurance liabilities increased by a Very large or significant move to 112.94 billion rupees from 106.35 billion rupees. Deferred taxation also saw a Big move increase to 1.48 billion rupees from 1.22 billion rupees. In contrast, premium contributions received in advance fell to 372.52 million rupees, a Very large or significant move downward from 1.35 billion rupees.
The company’s profit after tax for the half-year fell to 580.00 million rupees from 648.67 million rupees in the corresponding period of 2024, marking a Moderate move decrease. Earnings per share for the half-year stood at 2.21 rupees, compared to 2.47 rupees in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Adamjee Life’s operating activities resulted in a net income of 950.73 million rupees, a Minor move decrease from 1.05 billion rupees in the previous year. This was achieved despite an increase in marketing and administration expenses, which experienced a Big move rise to 686.62 million rupees, up from 601.32 million rupees.
The company’s financial performance reflects adjustments in investment strategies and operational cost management, amid a complex market environment.