Karachi: Crescent Star Insurance Limited has announced its financial results for the quarter ended September 30, 2025, with the Board of Directors meeting on October 24, 2025, to review the company's performance. The meeting, which took place at Nadir House on I. I. Chundrigar Road, Karachi, revealed that the company will not be issuing any cash dividends, bonus shares, or right shares for the period.
The financial results, which include the Statement of Financial Position and Statement of Change in Equity, were detailed in documents attached to the quarterly report. The report is expected to be transmitted through PUCARS within the specified timeframe.
The company's total assets increased to 1.56 billion rupees from 1.52 billion rupees at the end of 2024. Crescent Star Insurance reported investments totaling 284.03 million rupees, up from 192.60 million rupees the previous year. However, cash and bank balances saw a significant decrease from 26.72 million rupees to 1.23 million rupees.
The total equity of the company rose moderately to 1.32 billion rupees, up from 1.27 billion rupees as of December 31, 2024. Liabilities decreased, with total liabilities recorded at 244.58 million rupees, down from 253.36 million rupees at the end of the previous year.
Operationally, the company recorded a net insurance premium of 21.77 million rupees for the quarter, compared to 48.68 million rupees in the same period last year. The underwriting results showed a loss of 9.88 million rupees, contrasting with a profit of 18.87 million rupees in the previous year's quarter.
Investment income for the quarter stood at 2.16 million rupees, while other income was reported at 2.15 million rupees. After accounting for other expenses, Crescent Star Insurance reported a loss of 7.25 million rupees from operating activities. The profit after tax was a negative 7.17 million rupees, compared to a positive 10.34 million rupees in the third quarter of 2024.
According to information available from the Pakistan Stock Exchange (PSX), Crescent Star Insurance's results also reflected a very large or significant move in its comprehensive income, which moved from a negative 21.32 million rupees to a positive 33.57 million rupees. This was primarily due to an unrealized gain of 40.74 million rupees on available-for-sale investments, net of deferred tax.
The company's earnings per share for the quarter were reported at negative 0.07 rupees, compared to a positive 0.10 rupees in the same quarter last year. The designated market category for Crescent Star Insurance remains unchanged, as the company continues to navigate the financial challenges faced in this period.