The Pakistan General Insurance Company Limited (PKGI) Earnings Call Transcript & Summary

So shall we start Gokal, sir?

Sure, why not.

Yes, please. I would request Gokal sir to start the session, corporate briefing session for the year ended December 31, 2025, right?

Thank you.

Thank you, sir. Please take charge.

Good morning to everybody. I welcome you all on this corporate briefing session of Pakistan General Insurance Company Limited. And my corporate briefing session is mostly based on December 2025 accounts. Key figures of 2025. In year 2025, our written premium was PKR 237.6 million as against our net insurance premium was PKR 135.4 million. Our incurred claim was PKR 19.2 million. Our underwriting profit was PKR 49.7 million. Investment income was PKR 7.1 million. Our rental income was PKR 4.3 million. Our other income was PKR 3.6 million. Our shareholder equity was PKR 719.04 million. Our profit before tax was PKR 26.56 million. Ali, I think you have to scroll down one screen more so that people can see the screen also if you have shared. Our profit before tax was PKR 26.56 million. Profit after tax was PKR 28.4 million. Our total asset was PKR 910.1 million. Equity, as I have already informed you, PKR 719.04 million and our EPS was PKR 0.57. Next, please. Our total asset was grew by 27.1% in 2025. Asset in 2024 was PKR [indiscernible] million as against it raised to PKR 910.10 million. The company's main focus is to strengthen its balance sheet through growth in insurance operation and investment and retained earnings. Next, please. Company profit after tax was in rupee terms was PKR 28.4 million. Our main thrust is to give underwriting profit to the company. So we have worked hard strategically to improve our underwriting profit as against 2024. And to this, we have disciplined our management expenses also. Company remains focused on sustainable underwriting growth and strengthen long-term shareholder value.

Gokal, sir, if I may, I would like to add something here for the people who have joined. As you all know that this company revived in the last quarter of 2024, right? So the new management, including Gokal sir, me, our CEO, the Company Secretary, the Board of Directors, we are working very, very hard to establish this company properly to get this company the growth it never achieved in the past. So we are trying very hard and in that way, just for that positive outcome, we are working very vigorously so we can achieve all those things, right? Please Gokal sir, you may continue now.

Yes. Next slide, Ali, please. Company earnings profile improved significantly in 2025. Our underwriting operations becoming the primary contributor to profitability. Underwriting profit generated was PKR 49.7 million, and this I've already informed you in my key figures, supplemented by our investment income of PKR 7.1 million. Our rental income was PKR 4.3 million. Other operating income was PKR 3.6 million. This reflects a shift towards sustainable core insurance operation and reduce reliance on nonoperating income. Next, please. This I have already informed you, our total asset was grew by 27.1%. Our total asset in 2025 was PKR 910.10 million. As in 2024, it was PKR 716.25 million. Our shareholder equity was also increased to PKR 719.04 million. This reflects a continued profitability and a stronger capital base. Next, please. As I already informed you, our more thrust will be to give more underwriting profit to the company. Our [indiscernible] profitable premium growth through selective underwriting and expansion across 3 business lines. We maintain underwriting profitability by strengthening risk selection, pricing discipline and portfolio monitoring. Enhance investment return through prudent asset allocation while preserving capital and liquidity, strengthen digital capability to improve operational efficiency, customer service and claim processing via our IT system, maintain strong corporate governance and regulatory compliance in line with the SECP and PSX and Code of Corporate Governance requirement. Support capital strengthening initiative to meet future regulatory capital requirement and sustain long-term growth. Company remains focused on sustainable and profitable growth by strengthening its core insurance business, maintaining sound governance, enhancing operational efficiency and delivering long-term value to the shareholders. In my closing remarks, this is my last slide, I would say the company total asset, as I have already informed, our growth in total asset, which shows that we are going towards a profitable operation of the company, and we would like to give more strength to our shareholders by giving a total asset base, continued commitment to disciplined underwriting, prudent risk management and strong corporate governance, focus on sustainable profitability growth and creating long-term value for the shareholders. One more thing, we have recently applied SECP for Takaful permission and hopefully, we will get soon the Takaful permission also. This is just for the information of the shareholder. This is all from my side. Anybody who wants to ask any question, they may ask, please.