Karachi: Reliance Insurance Company Limited has released its half-yearly report for the nine months ending September 30, 2026, revealing a marked decline in investment income due to the moderate performance of the Pakistan Stock Exchange (PSX). The company reported investment income of Rs. 139.490 million, a significant decrease from Rs. 451.266 million during the same period last year.
The report, dated October 30, 2026, highlights that the decline in investment income was chiefly due to a reduction in unrealized gains on investments, which fell to Rs. 3.547 million this period from Rs. 304.638 million previously. According to information available from the Pakistan Stock Exchange (PSX), the benchmark index decreased by 4,085 points from 174,054.32 at the end of December 2025 to 169,969.32 as of September 30, 2026, a very large or significant move contrasting with the 43.75% gain seen in the corresponding period of the prior year.
Despite the challenging market conditions, the company achieved a gross premium of Rs. 1.157 billion, including Takaful contributions of Rs. 225.343 million, marking a 13.77% growth over the Rs. 1.017 billion reported last year. Net premium for the nine-month period rose by 20.21% to Rs. 535.029 million, up from Rs. 445.073 million in the previous year.
Net claims incurred by the company increased to Rs. 103.034 million from Rs. 94.606 million, while underwriting profit improved to Rs. 105.947 million, up by Rs. 22.251 million from last year's Rs. 83.696 million. Dividend income saw a decrease of Rs. 13.130 million to Rs. 66.215 million. However, realized gains on investments increased marginally to Rs. 55.094 million from Rs. 53.596 million.
The company also noted an increase in income from debt securities and bank deposits, which rose to Rs. 14.752 million, compared to Rs. 13.850 million in the previous year, reflecting enhanced returns due to prevailing interest rates. Profit before tax for the period was Rs. 187.163 million, a decline from the Rs. 492.260 million reported in the same period last year. Earnings per Share (EPS) were recorded at Rs. 1.74, compared to Rs. 2.68 in 2025.
The company's Window Takaful Operations contributed a profit before tax of Rs. 18.446 million, while the Participant Takaful Fund showed an accumulated surplus of Rs. 108.678 million for the period under review.