Karachi: The Pakistan General Insurance Company Limited has reported a notable increase in its financial performance for the first quarter ending March 31, 2026, despite facing various economic challenges. According to the company’s financial report dated June 1, 2026, the insurance firm has managed to post a profit after taxation of 3,060,454 rupees, marking a significant recovery from a loss of 7,702,003 rupees reported in the same period last year.

The company’s net insurance premiums for the quarter stood at 43,569,250 rupees, a substantial increase from 4,536,486 rupees in the previous year. However, insurance claims and acquisition expenses also saw a rise, totaling 16,833,754 rupees compared to 5,265,379 rupees in 2025. Despite this, the underwriting results showed a positive outcome of 13,291,927 rupees, reversing a loss of 5,239,037 rupees from the prior year.

According to information available from the Pakistan Stock Exchange (PSX), the company’s investment income for the quarter was recorded at 1,070,000 rupees, a decrease from 1,279,265 rupees in the previous year. Rental income, on the other hand, increased to 1,459,000 rupees from 1,110,000 rupees last year. Other income also contributed 795,508 rupees, contrasting with a meager 2,579 rupees for the same period in 2025.

The financial report highlighted a net cash outflow from all operating activities, with total cash flows from operations amounting to 51,612,829 rupees. The company also reported net cash outflows in investing and financing activities at 2,980 rupees and 827,225 rupees, respectively. By the end of the reporting period, cash and cash equivalents stood at 29,202,349 rupees.

The firm’s total comprehensive profit for the quarter was 3,008,412 rupees, an improvement from a comprehensive loss of 7,708,888 rupees recorded in the previous year. The company’s basic earnings per share for the period also increased to 0.01 rupees from a loss per share of 0.15 rupees last year.

The Pakistan General Insurance Company Limited continues to navigate through a challenging economic environment, demonstrating resilience in its operational adjustments and strategic financial management.