Karachi: Pakistan Reinsurance Company Limited (PRCL) has reported robust financial performance for the first half of the fiscal year ending June 30, 2026, as detailed in its condensed interim financial statements released on August 31, 2026.

The company’s gross written premium surged to Rs. 19,942 million, an increase of Rs. 2,834 million, representing a very large move of 17% compared to the corresponding period last year. Net premium, however, saw a decline to Rs. 4,542 million, a decrease of Rs. 286 million, classified as a moderate move of -6%. Net commission expenses also fell significantly by Rs. 215 million, a very large move of -36%, amounting to Rs. 377 million. Moreover, net claims and acquisition expenses dropped to Rs. 3,221 million, showing a big move of -22%.

Underwriting profit after management expenses reached Rs. 293 million, a remarkable improvement from a loss of Rs. 246 million in the same period last year, marking a significant increase of 219%. Investment, rental, and other income totaled Rs. 1,819 million, showing a decrease of Rs. 192 million, a big move of -10%.

According to information available from the Pakistan Stock Exchange (PSX), PRCL's profit before tax rose to Rs. 2,168 million, an increase of Rs. 384 million, classified as a big move of 22%. Profit after tax was recorded at Rs. 1,400 million, up by Rs. 271 million, representing a big move of 24%, resulting in earnings per share of Rs. 1.56 compared to Rs. 1.26 in the previous year.

In its Window Re-Takaful business, the Participants' Retakaful Fund reported a gross written contribution of Rs. 939 million, reflecting a big move increase of 22%. The net contribution revenue decreased to Rs. 608 million, a big move of -14%. Notably, net claim expense increased to Rs. 505 million, a very large move of 40%. Income from investment and bank deposits rose to Rs. 246 million, representing a very large move of 44%. However, the surplus after tax declined significantly to Rs. 218 million, a very large move of -50%.

In the Operator's Retakaful Fund, the wakala income decreased to Rs. 191 million, a minor move of -6%. The commission expense slightly decreased to Rs. 201 million, a minor move of -1%. The income from investments and bank deposits increased to Rs. 38 million, representing a minor move of 5%. The profit after tax stood at Rs. 48 million, marking a big move increase of 15%.

The company’s total assets as of June 30, 2026, amounted to Rs. 85.56 billion, up from Rs. 76.36 billion recorded at the end of December 2025, indicating substantial growth in asset value. The financial performance of PRCL demonstrates its resilience and capability to grow in a dynamic market environment, as reflected in the designated market category of the insurance and reinsurance industry.