Karachi: JazzSure Insurance Limited has reported a notable increase in its financial performance for the nine-month period ending September 30, 2026, as detailed in its quarterly report released on November 2, 2026. The company has built on its previous year's momentum, achieving substantial growth across various segments.

The Gross Written Premium (GWP) of the company surged to Rs. 5.36 billion from Rs. 4.17 billion in the same period last year, marking a growth of 28%. The Net Earned Premium (NEP) also saw a significant increase of 35%, reaching Rs. 4.19 billion from Rs. 3.11 billion in the corresponding period the previous year. This growth is indicative of the company's expanding business operations.

Motor Insurance remained a major contributor to JazzSure's premium growth, with its GWP rising by 24% to Rs. 3.57 billion from Rs. 2.88 billion in the corresponding period last year. Health Insurance exhibited an impressive growth of 113%, with its GWP climbing to Rs. 752 million from Rs. 353 million in the same period last year. These increases reflect the company's strategic efforts to expand its customer base and reinforce its presence in crucial insurance market segments.

According to information available from the Pakistan Stock Exchange (PSX), net claims, including the Provision for Deficiency Reserve (PDR), increased by 34% to Rs. 2.10 billion from Rs. 1.56 billion in the corresponding period last year. The claim loss ratio to NEP showed a slight improvement, decreasing from 50% to 49%. The company continues to focus on monitoring claims trends and underwriting performance to maintain a balance between growth and profitability.

Furthermore, JazzSure's revised treasury strategy enabled a 75% increase in investment return, rising to Rs. 268 million from Rs. 153 million in the corresponding period last year. The company reported a profit before tax of Rs. 371 million, a substantial rise from Rs. 27 million in the same period last year, demonstrating the company's enhanced operating performance supported by robust premium income and investment gains.