@rAtlasInsmance
Sales Tax Registration No. 03-09-9813-002-28
SC/397/2026
August 27, 2026
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road, Karachi.
Subject: Financial Res ults for the half year ended June 30, 2026 Dear Sir,
FORM-3
We have to inform you that the Board of Directors of our company, in their meeting held on August 27, 2026, at 11:00 am at Federation House, Clifton, Karachi / video link, recommended the following:
CASH DIVIDEND
Interim Cash Dividend for the half year ended June 30, 2026, at Rs. 2.50 per share i.e. 25%.
And
BONUS SHARES
RIGHT SHARES
The required statements regarding the Financial Position, Profit and Loss, Changes in Equity, and Cash Flows are attached herewith as Annexures A to D, respectively.
The share transfer books will be closed from September 7, 2026, to September 9, 2026 (both days inclusive). Transfers received at Company's share Registrar Office, Mls. Hameed Majeed Associates, H. M. House, 7 — Bank Square, Shahrah-e-Quaid-e-Azam, Lahore at the close of business on September 5, 2026, will be treated in time for the purpose of above entitlement to the transferees.
We will transmit the quarterly report on PUCARS within the stipulated time.
Yours Sincerely,
For Atlas Insurance imited ggrg
‘v” ”*
Muhammad Afzal ’
Company Secretary *
cc: The Director / HOD
Surveillance, Supervision and Enforcement Department Securities & Exchange Commission of Pakistan
NIC Building, 63Jinnah Avenue, Blue Area, Islamabad
Atlas Insurance Ltd.
Rated ‘AA’ ’ by PACRAHEAD OFFl CE• 63/A, Block-XX. Please-11I (Commercial), Khayaban-e-lqbai, Defence Housing Authority. Lahore. Pakistan Phones: +92 i42 j 37 132G 11- 1g UANI 042-1 1 -245-000 Fri z•-F92 (42 37 l32622 Errt»iI: info@ail.atlas.pk Website: www ail.atlas pk N T N 2396345-0
Annexure-A
ATLASINSURANCELU4ITADCONDENSED INTERIM STATEMENT OF PINANGAL POSITION (UNAUDITED) AS AT 4UNE 30, 2026ASSETS
June 30, December 31,
2026 2025
(Unaudited) (Audited)
571,537 | 527,730 | |
13,708,144 | 13,020,418 | |
2,387,739 | 3,032,079 | |
350,131 | 129,159 | |
1,260,719 | 1,221,128 | |
1,196,898 | 977,356 | |
1,385 | 1,985 | |
11,7 10 | ||
238,907 | 283,256 | |
1,261,419 | 1,433,806 | |
1,156,576 | 1,179,328 |
Note (Rupees in thousand)
Property and equipment Investments | 7 | |||
Equity securities | 8 | |||
Debt securities | 9 | |||
Loans and other receivables | 10 | |||
insurance / reinsurance receivables | 11 | |||
Reinsurance recoveries against outstanding claims | 20 | |||
Salvage recoveries accrued | ||||
Retirement benefit assets Deferred commission expense / acquisition cost | 21 | |||
Prepayments | 12 | |||
Casfii aed baok | 13 | |||
22,145,165 | 2 1,806,245 | |||
Total assets of Window Takaful Operations - Operatofs Fund | 817,5 18 | 690,086 | ||
Total assets of Window Takaful Operations - Participants' Takaful Fund | 2,247,290 | 1,869,982 | ||
TOTAL ASSETS | 25,209,973 | 24,366,313 | ||
EQUITY AND LIABILITIES | ||||
Capital and reserves attributable to Company's equity holders | ||||
Ordinary share capital | 15 | 1,494,157 | 1,494,157 | |
Reserves | 16 | 8,885,683 | 7,773,085 | |
Unappmpriated profits | 1,202,576 | 1.718.400 | ||
TOTAL EQUITY | 11,582,416 | 10,985,642 | ||
LIABILITIES | ||||
Underwriting provisions
1,735,615 | 1,474,452 |
2,071,806 | 2,431,410 |
234,559 | 266,371 |
4,688 | |
3,469,745 | 3,610,584 |
392,445 | 638,484 |
198,768 | 202,936 |
769,488 | 608,913 |
1.625,349 | 1,583,609 |
473.533 | 366,118 |
Outstanding claims including IBNR 20
Unearned premium reserves 19
Unearned reinsurance commission 21
Retirement henefit obligations Deferred taxation
Premium received in advance
Lease liabilities 17
Insurance / reinsurance payable Other creditors and accruals Taxation - provision less payment
TOTAL LIABILITIES | 10,971,308 | I 1,187,565 |
Total liabilities of Window Takaful Operations - Operator's Fund | 408,959 | 323,124 |
Total liabilities and balance of Window Takaful Operations - Participants' Takaful Fund | 2,247,290 | 1,869,982 |
TOTAL EQUITY AND LIABILITIES | 25,209,973 | 24,366,313 |
CONTINGENCIES AND COMMFT‘MENTS 18 |
The annexed notes from I to 35 form an integral part of these condensed interim financial statements.
Annexure-B
ATLñS INSURANCE LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS ACCOUNT (UNAUDITED)FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2026
Jtine 30, June 30, June 30,
2026 2025 2026
t 55,671) | (469,184) | (293,978) | (230,318) |
5,680 | |||
s8,777 | 61,536 | 32,384 | 45,693 |
Note -----—------- (Rupees in thousand) ---------
June 30,
2025
Net insumnce premium | 19 | 1,913.169 | 1.655,748 | 1,007,278 | 836,640 |
Net insurance claims | 20 | ||||
Premium deficiency | |||||
Net commission and other acquisition income | 21 | ||||
Insurance claims and acquisition expenses | (496,894) | (401,968) | (261,594) | (184,825) | |
Management expenses | 22 | (719.329) | (635,098) | (368,937) | (320,148) |
Underwriting results | 696.946 | 618,682 | 376,747 | 331,667 | |
Investment income | 23 | 1,134,928 | 645,333 | 599,981 | 424,536 |
Other income | 59,299 | 60,474 | 34,200 | 35,390 | |
Other expenses | 24 | (63,052) | (48,053) | (34,076) | (26,927) |
Results of operating activities | 1,828,121 | 1,276,436 | 976,852 | 764,666 | |
Finance costs | (14,043) | (11,275) | (7,137) | (6,096) | |
Profit before tax from Window Takaful Operations - Operator's fund | 25 | 71,378 | 61,056 | 35,834 | 30.580 |
Profit before tax for the period | 1,885,456 | 1,326,217 | 1,005.549 | 789,150 | |
Income tax expense | 26 | (698.786) | (524,073) | (359.186) | (315.866) |
Profit after tax for the period | 1,I 86,670 | 802,144 | 646,363 | 473,284 |
------—--------- Rupees ------—-——-----
Earnings (after tax) per share - basic and diluted 27
7.94 5.37
4.33
3.17
The annexed notes from 1 to 35 form an integral part of these condensed interim financial statements.
ATLAS fNSURANCE LIMITED
CONDENSED INTERIM STATEMENT OT’• CHANGES IN EQUITY (UNAUDITED)
FOR THE 8IP MONTHS PERIOD ENDED JUICE 30, 2026
Annexure-C
Issued, Revenue reserve subscribed Investment Investment
end pald-up fair vslue General fluctuation Unsppropriated
share eepitgl resez•ve Reserve reserve profits
@zspees in tbouegnd}
Total
Balance as at December 31, 2024 (audited) Profit for the period ended June 30, 2025
Other comprehensive income for the period ended June 30, 2025 Total comprehensive income for the pcñod ended June 30, 2025 Timnsfmcdtogunemdmserve
Transaction with owners recorded directly in equity:
Final dividend for chc year ended December 3i, 2024 @ 60% (Rs. 6.0 gshare)
1,494, 157 3,841,367 I,301,2S5 3,000
- 531,113
802.144
-
802,144
531,113
- 531,113
613,000
1,527,607 8 167,386
802.144 1,333,257
(615,000)
(896,49d) (896.494)
Balanoe as at June 30, 2025 (unaudftcd)
Balance as at December 31, 2025 (audited) Profit fot the period ended tune 30, 2026
Other comprehensive income for the period ended June 30. 2026 Total comprehensive income for the period ended tune 30, 2026 Transferred to general mserve
Transaction with owners recorded dimctly in equity:
Final divia nd for the year ended December 31, 2025 @, 6W» (Rs. 6 per share)
t,494,157 4,372,480 1.9t6,255
306,598 | 1.186.670 | I, 186,670 306,598 |
1,494, I S7 5.853.830 1,916,255
306,598
806,000
3.000
3,000
818,257 8,604,149
1,7 t8.400 10,985,642
1,186,670 1,493,268
(806.000)
(896,494) (896,494)
Balance as at tune 30, 2026 (unaudited) 4 4 1 6,160,428 2,722,255 3,000 1.202,576 1 2 416
The annexed notes fiom I to 3S form an integral pan of these condensed interim financial statczaents.
ATLAS INSURANCE LIMITED
CONDENSED INTERIM CASH FLOW STATEMENT (UNAUDITED) FOR THE SIK MONTHS PERIOD ENDED JUNE 30, 2026OPERATING CASH FLOWS
Undenvriting activities Insurance premium received Reinsurance premium paid Claims paid
Reinsurance and other recoveries received Commissions paid
Commissions received
Other underwriting payments Other underwriting receipts Management expenses paid
Net cash generated from underwriting activities
Other operating activities Income tax paid
Other operating payments Other operating receipts
Net loan (advanced) / repayment
Net cash used in other operating activities Total cash used in all operating activities
INVESTMENT ACTIVITIES
Profit / return received Dividend received Payments for investments Proceeds from investments Operating assets purchased
Proceeds from sale ofproperty and equipment Total cash generated from investing activities
FINANCING ACTIVITIES
Dividends paid
Payment of lease liability against right-of-use assets Total cash used in financing activities
Total cash used in all activities
Cash and cash equivalents ct the beginning of period Cash and cash equivalents at the end of period
Page - 1
Annexure-D
June 30, June 30,
2026 2025
(Rupees in thousand)
3,416,856 | 2,676, 161 |
(1,576,607) | (1,528,165) |
(1,032,427) | (1,109,426) |
238,178 | 576,867 |
(271,403) | (236,127) |
387,030 | 386,200 |
(23,336) | (28,056) |
31,460 | 24,205 |
(655,168) | (582,965) |
514,583 178,694
(583,222) | (253,1 80) |
(92,065) | (139,189) |
14,111 | 11,502 |
(325) | 5 |
(661,501) (380,862) (I 46,918) (202,1 68)
(114,920) | 175,467 |
371,057 | 337,703 |
(6,201,600) | (1,681,964) |
7,076,816 | 1,979,864 |
(125,129) | (66,569) |
26,920 | 8.896 |
1,033,144 753,397
(878,578) | (879,959) |
(30,400) | (25,529) |
(908.978) (905,488) (22,752) (354,259)
1,179.328 1.531.222 1,156,576 1.176,963
ATLAS INSURANCE LIMITED
CONDENSED INTERIM CASH FLOW STATEMENT (UNAUDITED)
FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2026
Reconciliation to condensed interim statement of profit and lossJune 30, .Tune 30,
2026 2025
(Rupees in thousand)
Operating cash flows | (146,918) | (202, 168) |
Depreciation of operating assets | (43,919) | (32,952) |
Depreciation of right-of-use assets | (23,547) | (l 9,826) |
Gain on disposal of property and equipment | 967 | 341 |
Finance cost | ( 14,043) | (11,275) |
Profit on disposal of investments | 612,550 | 156, 141 |
Dividend income | 371,057 | 337,703 |
Other and investment income | 209,653 | 211,622 |
Increase in assets other than cash | 113,227 | 280,663 |
Increase in 1iabilities other than borrowings | (290,740) | (142,688) |
Other adjustments | ||
Decrease in provision for unearned premium | 359,604 | 2I 1,419 |
Decrease / (increase) in commission income unearned | 31,812 | (14,942) |
(Decrease) in provision for deferred commission expense | (44,349) | (10,6 16) |
Profit from Window Takaful Operations fot the period - Operator's tund Profit after tax for the period
51,3 16 38,722
1, 186,670 802,144
’I“he annexed notes from I to 35 form an integral part of these condensed interim financial statements.
Page - 2