Lahore: The United Insurance Company of Pakistan Limited presented its financial results for the half year ending June 30, 2026, on August 25, 2026, revealing a moderate move in net insurance premiums and a stable overall financial performance.

The Board of Directors convened at the company's head office at UIG House, 01-Upper Mall, Lahore, where they announced no cash dividend, bonus shares, right shares, or other entitlements for this period. The decisions reflect the company's strategic approach to managing its financial resources amid a complex economic environment.

The company's financial statements highlight several key metrics. Total assets increased to 23.85 billion rupees, representing a noticeable growth from 21.87 billion rupees as of December 31, 2025. Notably, cash and bank balances saw a significant increase from 827.41 million rupees to 2.06 billion rupees, an indication of enhanced liquidity management.

The net insurance premium for the six months ended June 30, 2026, stood at 2.50 billion rupees, compared to 2.13 billion rupees recorded in the previous year, marking a very large or significant move of 17.60%. Meanwhile, the net insurance claims for the same period showed an increase to 270.78 million rupees from 131.46 million rupees, indicating a greater payout on claims.

According to information available from the Pakistan Stock Exchange (PSX), the company’s underwriting results improved to 1.17 billion rupees from 1.13 billion rupees during the same period last year. This rise underscores the company's effective risk assessment and policy underwriting strategies.

The profit for the period before income tax was reported at 1.30 billion rupees, up from 935.31 million rupees, with a corresponding profit after tax amounting to 935.16 million rupees, compared to 628.65 million rupees for the first half of 2025. Earnings per share for the six-month period increased to 2.14 rupees from 1.44 rupees, illustrating a robust profit retention strategy.

Despite the positive performance indicators, the company has opted for a conservative stance by not declaring any dividends or bonus shares, focusing instead on consolidating its financial position. The detailed financial results are available on the company's website and will be transmitted through Pucars in due course.