Karachi: Crescent Star Insurance Limited announced its financial results for the half-year ending June 30, 2025, at a meeting of its Board of Directors held on August 22, 2025. The meeting, conducted at Nadir House on I.I. Chundrigar Road, Karachi, revealed that the company would not issue any cash dividends, bonus shares, or rights issues for the period under review. According to the company’s official statement, there were no other entitlements or corporate actions to report.
The financial results, detailed in accompanying documents including the statement of financial position, statement of change in equity, and statement of cash flow, indicate a steady performance. Total assets as of June 30, 2025, stood at 1.53 billion, marking a minor move from 1.52 billion on December 31, 2024.
The company’s investments in subsidiaries remained unchanged at 213.07 million, while other investments saw a moderate move, increasing to 197.66 million from 192.60 million. Loans and other receivables experienced a big move, rising to 927.80 million from 896.08 million. Insurance and reinsurance receivables saw a minor move, decreasing slightly to 168.71 million from 173.69 million.
The financial report highlights a decrease in deferred commission expenses/acquisition costs, categorized as a very large or significant move, from 3.34 million to 1.71 million. Cash and bank balances reflected a very large or significant move, decreasing from 26.72 million to 1.91 million.
According to information available from the Pakistan Stock Exchange (PSX), the total liabilities decreased to 241.16 million from 253.36 million, indicating a minor move. The liabilities included outstanding claims, unearned premium reserves, and other creditors and accruals.
Crescent Star’s equity increased to 1.29 billion from 1.27 billion, categorized as a minor move. The ordinary share capital and reserves experienced a moderate move with reserves increasing to 408.29 million from 391.86 million.
The company’s quarterly report for the half-year ended will be transmitted separately through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the specified time frame, ensuring compliance with reporting protocols.