Pakistan Reinsurance Co. · PSX:PAKRI
Pakistan Reinsurance — FY2025 Earnings Presentation
28 slides from Pakistan Reinsurance's earnings presentation, May 21, 2026
Slide 1: Pakistan Reinsurance Company Limited Corporate Briefing Session
Pakistan Reinsurance Company Limited Corporate Briefing Session May 21st , 2026
Slide 2: Contents of Corporate Briefing Session
Contents of Corporate Briefing Session Part 1 A BRIEF INTRODUCTION OF THE COMPANY Part 2 BUSINESS OF THE COMPANY Part 3 FINANCIAL HIGHLIGHTS FOR THE YEAR Part 4 BUSINESS PERFORMANCE AT A GLANCE Part 5 RISKS & CHALLENGES Part 6 CLOSING AND QUESTION/ANSWER SESSION 2
Slide 3: A Brief Introduction of the Company
https:/ / www.pakre.org.pk 01. A BRIEF INTRODUCTION OF THE COMPANY Pakistan Reinsurance Company Limited 3
Slide 4: About Us
ABOUT US ● Formerly called Pakistan Insurance Corporation, PRCL was established in 1952 to support the local insurance industry. ● PRCL is the sole reinsurance organization operating in Pakistan. ● It is a public sector listed Company working under the administrative control of the Ministry of Comme
Slide 5: About Us
ABOUT US ● As a national reinsurer, PRCL plays a crucial role in Pakistan's economic development. ● It offers reinsurance protection to the local insurance industry and manages government- assigned insurance schemes. ● PRCL is headquartered in Karachi, Pakistan. 5
Slide 6: Mission & Vision
MISSION & VISION Vision Mission To be a leading provider of To provide secure reinsurance capacity and reinsurance and risk management outstanding risk management advice in a services in the region. profitable manner and to conduct business in a dependable and professional way with the highest stand
Slide 7: Share Capital Structure
Share Capital Structure As at 31st Dec 2025 Authorized Capital: PKR 2.5 Billion ordinary shares of Rs.10/- each = PKR 25 Billion Issued, subscribed, and paid-up capital: PKR 900 Million ordinary shares = PKR 9 billion Total Assets PKR 76.36 B Total Liabilities: PKR 50.49 B Net Assets: PKR 25.86 B P
Slide 8: Business of the Company
https:/ / www.pakre.org.pk 02. BUSINESS OF THE COMPANY Pakistan Reinsurance Company Limited 8
Slide 9: Services
BUSINESS OF THE COMPANY SERVICES There are two business streams of PRCL, i.e. Treaty; and Facultative. Since its establishment as Pakistan Insurance Corporation (PIC) in 1952 and then corporatization as Pakistan Reinsurance Company Limited (PRCL) by way of a notification of MOC in February 2001,
Slide 10: Treaty and Facultative Underwriting departments
BUSINESS OF THE COMPANY ● Treaty and Facultative Underwriting are further broken down into five departments namely Fire, Marine, Engineering, Accident and Aviation. Pakistan Reinsurance Company Limited Treaty & Business Facultative Business Development Services Fire Marine Engineering Aviation & Aer
Slide 11: Business Dynamics
BUSINESS DYNAMICS 11
Slide 12: Revenue Drivers
BUSINESS DYNAMICS REVENUE DRIVERS Facultative Business Treaty Business Commission from Retrocessionaires Investment Income Retakaful Business 12
Slide 13: Cost Drivers
BUSINESS DYNAMICS COST DRIVERS Retrocession Claims Commission to Ceding Companies Management Expenses 13
Slide 14: Financial Highlights for the Year 2025
https:/ / www.pakre.org.pk 03. FINANCIAL HIGHLIGHTS FOR THE YEAR 2025 Pakistan Reinsurance Company Limited 14
Slide 15: Financial Highlights 2025
Financial Highlights 2025 PKR 31-Dec-25 VA 31-Dec-24 VA Increase / (Decrease) HA Gross Premium 31,966,255,478 - 24,702,082,514 - 7,264,172,964 29% Net insurance premium 9,069,190,843 100% 10,854,927,767 100% (1,785,736,924) -16% Net insurance claims (5,399,434,899) 60% (5,436,150,719) 50% 36,715,820
Slide 16: Gross & Net Premium
HISTORY IN GRAPHS Gross & Net Premium Gross & Net Premium 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Gross Premium Net Premium PKR Million 16
Slide 17: Profitability
HISTORY IN GRAPHS Profitability Profitability 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Profit Before Tax Profit After Tax PKR Million 17
Slide 18: Business Performance at a Glance
https:/ / www.pakre.org.pk 04. BUSINESS PERFORMANCE AT A GLANCE Pakistan Reinsurance Company Limited 18
Slide 19: Business Performance
Business Performance PKR Millions Particulars 2025 2024 2023 2022 2021 Gross Written Premium 31,966 24,702 33,969 24,271 20,994 Net Premium 9,069 10,855 9,323 7,929 7,226 Net Claims 5,399 5,436 4,707 4,311 3,778 Net Commission & Other Acquisition Costs 941 1,074 949 1,026 968 Profit from Underwritin
Slide 20: Investment Portfolio of PRCL
Investment Portfolio of PRCL PKR Millions Investment Portfolio As at 31st Dec 2025 Investments 26,836 Equity Securities 10,023 Listed Shares 6,092 Mutual Funds 3,930 Unlisted Shares 0.6 Fixed Income Securities 16,813 PIBs 10,899 T-Bills 5,914 20
Slide 21: Investment Portfolio
Investment Portfolio Investment Portfolio As at 31st Dec 2025 As at 31st Dec 2024 Equity Securities 10,023 6,902 Fixed Income Securities 16,813 16,802 Total Investments 26,836 23,704 Equity Securities VS Fixed Income Securities As at 31st Dec 2025 As at 31st Dec 2024 63% 71% 37% 29% Equity Securitie
Slide 22: Total Assets and Liabilities
Total Assets and Liabilities PKR Millions Year 2025 2024 2023 2022 2021 Total Assets 76,355 72,948 76,887 63,855 46,806 Total Liabilities 50,493 50,050 61,673 49,534 33,733 Net Assets 25,862 22,898 18,140 14,321 13,072 22
Slide 23: Important Ratios/Numbers of PRCL
Important Ratios/Numbers of PRCL 2025 2024 2023 2022 2021 Earning Per Share : (Rs.) 3.48 4.20 3.41 2.92 8.63 Net profit/No. of Shares Dividend Per Share (Rs.) 1 2 1 0.75 2.00 Payout Ratio 29% 47.62 % 29.3 % 25.68% 23.00% Dividend per share/EPS Net UW Profit : (%) 10% 22% 20% 21% 24% UW Profit/Net Pr
Slide 24: Risks & Challenges
https:/ / www.pakre.org.pk 05. RISKS & CHALLENGES Pakistan Reinsurance Company Limited 24
Slide 25: Risks & Challenges
Risks & Challenges ● Economic Downturns ● Catastrophic Event Risk ● Market Competition ● Challenges in outward USD Remittances ● Market Risk (Investment) 25
Slide 26: Questions & Answers Session
https:/ / www.pakre.org.pk 06. QUESTIONS & ANSWERS SESSION Pakistan Reinsurance Company Limited 26
Slide 27: Questions Received in Advance
QUESTIONS RECEIVED IN ADVANCE • What happens to profitability if capital markets weaken? • What is the PRCL approved investment policy regarding the composition of the portfolio specifically the allocation between government securities, corporate debt, equities, and alternative instruments. • Why di
Slide 28: Thanks!
THANKS! Do you have any questions? prcl@pakre.org.pk (+92-21) 99202908-14 https://www.pakre.org.pk 28
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