Karachi: East West Insurance Company Limited has announced its financial results for the first half of 2026, revealing a substantial increase in profits and premiums, underscoring a robust performance in both conventional insurance and its Window Takaful operations. The report, dated September 1, 2026, presents the unaudited financial statements for the period ended June 30, 2026.
The company's directors provided the financial highlights, which revealed a profit before tax of 1.53 billion rupees, while profit after taxation stood at 1.08 billion rupees for the six-month period. The comprehensive income totaled 1.08 billion rupees, reflecting a significant move compared to the same period in the previous year.
In comparison to June 30, 2025, this year's gross premium surged to 6.53 billion rupees from 4.70 billion rupees, representing a very large or significant move. The net premium also saw a substantial rise from 3.25 billion rupees to 4.61 billion rupees. Underwriting results increased from 521.72 million rupees to 853.99 million rupees, while investment income improved from 338.90 million rupees to 646.21 million rupees, indicating another very large or significant move.
According to information available from the Pakistan Stock Exchange (PSX), East West Insurance's profit before tax, including its Window Takaful operations, reached a remarkable 1.53 billion rupees, compared to 762.28 million rupees in the previous year, marking a very large or significant move. The net profit after tax amounted to 1.08 billion rupees compared to 547.41 million rupees, while earnings per share increased to 3.49 rupees from 1.77 rupees, further highlighting the company's impressive financial trajectory.
The company's statement of financial position as of June 30, 2026, detailed total assets of 19.52 billion rupees, up from 17.92 billion rupees at the end of 2025. This included significant investments in equity and debt securities amounting to 5.39 billion rupees and 5.52 billion rupees, respectively. The total equity of the company increased to 7.24 billion rupees from 6.16 billion rupees, illustrating strong shareholder returns.
Liabilities stood at 10.69 billion rupees, with underwriting provisions accounting for a significant portion at 6.80 billion rupees. The company also reported insurance and reinsurance receivables of 936.26 million rupees and reinsurance recoveries against outstanding claims of 1.18 billion rupees.
East West Insurance's financial statements provide a comprehensive overview of the company's performance, reassuring shareholders of its stable and growing operations in the insurance market. The directors expressed confidence that the detailed financial information would effectively inform shareholders about the company's financial health and prospects.