Karachi: Premier Insurance Limited has announced its financial results for the year ending December 31, 2025, alongside a proposal to significantly increase its authorized share capital. The company’s Board of Directors, in a meeting held on March 25, 2026, recommended raising the authorized share capital from Rs. 750 million to Rs. 1.50 billion, doubling the number of shares from 75 million to 150 million, each valued at Rs. 10. This recommendation is set to be presented to shareholders at the forthcoming Annual General Meeting on April 27, 2026.
The company’s financial performance for 2025 showed notable improvements. The net insurance premium was reported at Rs. 274.22 million, a rise from the previous year’s Rs. 269.73 million. Net insurance claims stood at Rs. 167.46 million, compared to Rs. 154.78 million in 2024. Despite these expenses, the underwriting results for 2025 showed a narrowed loss of Rs. 75.59 million from Rs. 136.09 million in the previous year.
Investment income was a strong point, totaling Rs. 233.12 million, up from Rs. 212.30 million in 2024. Rental income and other income contributed Rs. 11.90 million and Rs. 8.62 million, respectively, to the financial performance. The results of operating activities highlighted a significant improvement, with a profit of Rs. 169.98 million against the previous year’s Rs. 87.52 million.
The company reported a total profit from operations of Rs. 170.46 million, compared to Rs. 100.32 million in 2024. However, losses from Window Takaful Operations – Operator’s Fund increased to Rs. 38.38 million from Rs. 26.09 million, impacting the overall profit before income tax and levy, which stood at Rs. 132.08 million, up from Rs. 74.23 million.
After accounting for a levy-minimum tax differential of Rs. 10.55 million and income tax of Rs. 1.14 million, the profit after income tax reached Rs. 122.67 million, marking a significant rise from Rs. 69.06 million in 2024. Earnings per share increased to Rs. 2.43 from Rs. 1.37, reflecting the company’s strong financial recovery.
According to information available from the Pakistan Stock Exchange (PSX), Premier Insurance Limited showed a very large or significant move in its financial results, indicating a robust performance and strategic positioning for future growth.
The company’s decision to keep cash dividends, bonus shares, right shares, and other corporate actions at nil reflects a strategic focus on strengthening its capital base. The AGM, scheduled for April 27, 2026, will address these proposals, with share transfer books closed from April 20 to April 27, 2026, ensuring all eligible shareholders can participate in the meeting.