Karachi: Habib Insurance Company Limited has announced its financial results for the third quarter ending September 30, 2026, revealing a noteworthy profit despite market fluctuations. According to the report, released on October 29, 2026, the insurer's financial performance reflects a resilient stance amidst economic challenges.
For the three-month period ending September 30, 2026, the company recorded a net insurance premium of 607,801,000 rupees, an increase from 439,139,000 rupees in the same period last year. This represents a significant change in revenue streams for the company. The net insurance claims for the quarter were 354,531,000 rupees, compared to 316,120,000 rupees in the previous year.
The nine-month period ending in September 2026 showcased a similar trend with net insurance premiums reaching 1.85 billion rupees, compared to 1.30 billion rupees in the corresponding period last year. However, the net insurance claims for the nine-month period also rose to 979,255,000 rupees from 797,555,000 rupees.
The company's management expenses for the three-month period were recorded at 182,348,000 rupees, up from 157,484,000 rupees, reflecting increased operational costs. Despite this, Habib Insurance managed to achieve underwriting results of 26,126,000 rupees, a turnaround from a loss of 61,617,000 rupees in the previous year.
Investment income contributed positively, with a net figure of 99,603,000 rupees for the quarter, an increase from 53,294,000 rupees last year. According to information available from the Pakistan Stock Exchange (PSX), this indicates a very large or significant move in investment returns, bolstering the company's financial positioning.
Profit before tax rose to 136,950,000 rupees, a substantial increase from 12,490,000 rupees in the same quarter of 2025. After accounting for an income tax expense of 28,194,000 rupees, the profit after tax stood at 108,756,000 rupees, marking a very large or significant move from the 9,359,000 rupees reported in the previous year.
Other comprehensive income figures, however, showed a different narrative. The unrealized loss on revaluation of available-for-sale investments amounted to 181,070,000 rupees, compared to a gain of 528,491,000 rupees in 2025. The total comprehensive loss for the period was 51,589,000 rupees, a shift from the prior year's income of 384,588,000 rupees.
In summary, while the company has posted an impressive profit for the quarter with an earnings per share of 0.54 rupees, up from 0.05 rupees last year, the comprehensive income figures highlight the volatility in the wider financial and investment landscape.