Karachi: TPL Corp Limited has reported its financial results for the year ending June 30, 2025, revealing significant growth in its insurance operations despite a notable decline in investment income. Dated January 29, 2026, the report highlights a 14% year-on-year increase in Gross Written Premium (GWP), reaching Rs. 5.21 billion.
The company’s Net Earned Premium (NEP) also saw a substantial increase of 20.1% year-on-year, totaling Rs. 3.78 billion. The motor insurance segment contributed significantly to this growth, with GWP of Rs. 3.4 billion, marking a 15% increase from the previous year. Conversely, the property segment experienced a decrease in GWP by 14%, attributed mainly to the termination of Independent Power Producers (IPP) contracts by the government of Pakistan, resulting in a total of Rs. 656 million.
According to information available from the Pakistan Stock Exchange (PSX), the miscellaneous segment reported a remarkable 82% increase in GWP, totaling Rs. 372 million. The company’s claim ratio improved by a minor move of 1%, standing at 49% compared to last year’s 50%. The commission ratio remained in line with the previous year at 9%.
However, the company faced challenges in its investment and other income, which declined by a significant move of 33% mainly due to a decrease in the discount rate. This downturn impacted the company’s overall profitability; profit before tax was reported at Rs. 90.1 million for the financial year 2025. The profit after tax, including Window Takaful Operations, stood at Rs. 33 million.
Despite these figures, the net loss attributable to shareholders amounted to Rs. 25 million for the year. The financial details also showed a decline in the earnings per share (EPS), which was reported at a negative of Rs. 0.13, compared to Rs. 4.27 in the previous year.
The designated market category reflects the challenging dynamics faced by TPL Corp Limited in balancing its growth in insurance premiums with the decrease in investment returns. The results underscore the company’s resilience in navigating a complex economic landscape while adapting to regulatory and market changes.