Karachi: PICIC Insurance Limited reported its financial results for the half-year ending June 30, 2026, revealing a comprehensive loss and maintaining a static dividend policy. The announcement followed a Board of Directors meeting held on August 21, 2026, at Nadir House, Karachi.
The company declared no cash dividend, bonus shares, or right shares for the period, underscoring a continuation of its dividend policy. Detailed financial documents, including the Statement of Financial Position, Statement of Change in Equity, and Statement of Cash Flow, were provided alongside the announcement.
According to the un-audited interim statement, PICIC Insurance Limited's total assets as of June 30, 2026, stood at 113.13 million rupees, a slight increase from 111.12 million rupees recorded on December 31, 2025. The company’s investments available for sale rose to 86.80 million rupees from 84.79 million rupees in the previous period.
The equity attributed to the company’s shareholders remained negative, with accumulated losses increasing to 386.01 million rupees from 383.99 million rupees. The total liabilities rose to 148.01 million rupees, compared to 140.28 million rupees at the end of December 2025.
For the six months ending June 30, 2026, the company reported a loss after tax of 2.02 million rupees, compared to a loss of 11.24 million rupees in the same period the previous year. The total comprehensive loss for the period was recorded at 5.73 million rupees, compared to 18.81 million rupees in the prior year.
Management expenses for the six-month period were reduced to 7.67 million rupees from 20.28 million rupees in the previous year. Investment income increased to 13.53 million rupees from 12.15 million rupees, contributing to a profit before tax of 5.79 million rupees, a turnaround from a loss of 8.20 million rupees in the same period last year.
The earnings per share were noted at negative 0.06 rupees for the half-year period. According to information available from the Pakistan Stock Exchange (PSX), PICIC Insurance Limited's stock performance aligns with the broader market category.
The financial results highlight the company’s continued challenges in achieving profitability while maintaining its current dividend policy, as reflected in the static allocation of dividends for the period under review.