Karachi: Century Insurance Company Limited has reported its financial results for the half-year ending June 30, 2026, indicating a mixed performance across various operational metrics.
The company's gross written premium, which includes takaful contributions, rose to Rs. 1,767 million, a significant increase of Rs. 400 million or 29% over the same period last year. Net premium also saw a rise, reaching Rs. 855 million, reflecting an increase of Rs. 89 million or 12%. Underwriting profit experienced a minor move, increasing by Rs. 5 million or 4% to Rs. 117 million. However, investment and other income faced a decline, dropping by Rs. 95 million or 36% to Rs. 169 million, attributed to persistent volatility in the equity market during the period. This fluctuation in the equity market has been a notable factor impacting the financial landscape, according to information available from the Pakistan Stock Exchange (PSX).
The company's profit from window takaful operations saw an increase, reaching Rs. 49 million, up by Rs. 5 million or 11%. Despite these gains, Century Insurance recorded a profit before tax of Rs. 326 million, a decrease of Rs. 77 million or 19%, and a profit after tax of Rs. 204 million, down by Rs. 46 million or 18%. Earnings per share decreased by Rs. 0.83 or 18% to Rs. 3.69.
In terms of assets, the company reported total assets of Rs. 7,639 million, an increase of Rs. 1,175 million or 18%. The paid-up capital remained unchanged at Rs. 553 million. Unappropriated profit improved by Rs. 169 million or 8% to Rs. 2,231 million, while total equity increased by Rs. 130 million or 4% to Rs. 3,289 million.
The Board of Directors has declared an interim dividend of 80%, equivalent to Rs. 8 per share, for the half-year ending June 30, 2026.