Karachi: The Pakistan General Insurance Company Limited has reported a notable financial performance for the nine months ending September 30, 2026, driven by a significant increase in net insurance premiums.

On October 27, 2026, the company's directors released the condensed interim financial statements, revealing a net insurance premium of Rs. 275.270 million. This figure marks a very large or significant move from the Rs. 64.563 million recorded during the same period in 2025. The underwriting result also showed substantial growth, reaching Rs. 103.818 million, up from Rs. 28.523 million in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company achieved a profit before levies and taxation of Rs. 38.293 million. The profit after taxation was reported at Rs. 30.107 million, an increase from Rs. 17.510 million in the corresponding period of 2025. However, the basic earnings per share experienced a moderate move, decreasing to Rs. 0.21 from Rs. 0.35 last year.

The company's financial position also strengthened, with total assets amounting to Rs. 2.37 billion as of September 30, 2026, compared to Rs. 910.102 million at the end of December 2025. Total equity was recorded at Rs. 1.55 billion, while the surplus on revaluation of fixed assets stood at Rs. 131.456 million.

A key development in the company's capital structure was the increase in issued, subscribed, and paid-up share capital from Rs. 500 million to Rs. 1.44 billion. This was achieved through the issuance of 93.6 million ordinary shares at Rs. 10 each, marking a significant milestone in bolstering the company's capital base.