Karachi: Habib Insurance Company Limited has reported a notable financial performance for the first half of 2026, according to the unaudited accounts released by the company’s board of directors on August 28, 2026. The company, operating in the insurance sector, showcased a strong upward trajectory in its financial metrics, signaling promising growth and stability.

The company’s profit after tax for the period ending June 30, 2026, reached Rs. 264.02 million, marking a substantial increase from Rs. 148.9 million during the same period last year. This growth has resulted in an improved earnings per share of Rs. 2.13, compared to Rs. 1.20 in the corresponding period of the previous year. The board of directors has proposed the issuance of bonus shares at a rate of 61.45%, amounting to Rs. 380.63 million, with an unappropriated profit carried forward of Rs. 35,000.

The company's gross written premium saw a significant move, rising by 46% from Rs. 1.6 billion to Rs. 2.3 billion. This increase contributed to a profit from underwriting activities of Rs. 41.0 million, compared to a loss of Rs. 51.5 million in the previous period. The improvement in underwriting outcomes has been a driving force behind the company's enhanced financial performance.

According to information available from the Pakistan Stock Exchange (PSX), Habib Insurance's investment and other income for the period also experienced a big move, advancing from Rs. 269.3 million to Rs. 354.7 million. This increase in income has significantly bolstered the company’s overall financial health, supporting its strategic growth initiatives.

The directors have expressed optimism about the company’s prospects for the remainder of the year, emphasizing their hope for continued positive underwriting results and overall economic progress. The board remains committed to the stability and economic progress of the country, with a focus on the safety and welfare of its people.