CS/PSX/SECP/2026/0012
The General Manager Pakistan Stock Exchange Stock Exchange Building Stock Exchange Road Karachi-74000
April 23, 2026
Form - 7
Subject: Financial Results for the Quarter and Three Months Ended March 31, 2026 Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on April 23, 2026 at 03:30 p.m. at Lahore / via video-link, recommended the following:
- CASH DIVIDEND:
NIL
BONUS SHARES:
NIL
RIGHT SHARES:
NIL
ANY OTHER ENTITLEMENT / CORPORATE ACTION:
NIL
ANY OTHER PRICE-SENSITIVE INFORMATION: NIL
The financial results of the Company are attached as Annexure ‘A’ to this letter.
The Financial Statements of the Company for the quarter and three months ended March 31, 2026 will be transmitted through PUCARS in due course of time and shall also be made available on our website https://igilife.com.pk/.
Life
Yours Sincerely,
•
Sani a Saeed Khan Company Secretary
Cc:
Director | Director | Director | Director | Executive Director/HOD |
Company Law | Enforcement | Securities Market Division | Insurance Division | Offsite-II Department |
Division, Securities | Department | Securities and Exchange | Securities and Exchange | Supervision Division |
and Exchange | Securities and | Commission of Pakistan. | Commission of | Securities and Exchange |
Commission of Pakistan, Islamabad | Exchange Commission ofPakistan, Islamabad | Islamabad | Pakistan, Islamabad | Commission of Pakistan, Islamabad |
IGI LIFE INSURANCE LIMITED
Suite No. 701 -713, 7th Floor, The Forum, G-20, Block 9, Khayaban-e-kami, Clifton, Karachi-75600, PakistaFi. US: (•92-21) 11l-111-711 • Web: (•92-21) Z536O04O • E-mall: vitality@igi.com.pk • Web: https://www.igilife.com.pk
Page 1 of 6
IGI LIFG INSURANCE LIMITED STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2026
(Un-audited) (Audited) March 31, December 3J.
2026 2025
•-••--— Rupees in 000 —•-----
25.647,203 | 23,361.526 |
11,021,310 | 14,733.026 |
297 770 | 291019 |
Property and equipment | 261230 | 277.810 | |||
Intangible assets | 414.757 | 395.225 | |||
Investments | |||||
Listed securities Government secunlies Debt secuntos | |||||
38,966,2B3 | 36,385,571 | ||||
Loans secured against file insurance poJi«+es Insurance / takaful / reinsurance / relakalul ‹eCe‹vahles Other loans and ‹ece‹vabIes | 182.018 ,095,733 265.337 | 184.056 918.7'54 425.3t9 | |||
Taxat+on • payments less provision | 1,032,259 | 977,143 | |||
Deferred tax asset - net | 393,799 | 352.869 | |||
Pr+payments | 1G6.216 | 179.244 | |||
Cash and Bank Total asee!e | 793.957 4t.572.595 | 1.52G.265 43.662.256 | |||
Equity and liabIIItI•a | |||||
Capital and reeervea attributable to Company's equity holders | |||||
Authorised share capital (300.000.000 {2025: 300,%0.000j ordinary shares at fts 10 eacn) | 3.000.OOO | JDOOOOO | |||
Issued, subscribed and paid-up cap+ta! | 1V0S,672 | 1.705.672 | |||
Ledgar account C & O | (283,667) | (839.1â2} | |||
Unappropriated profit | t,826âñ | 1,802,455 | |||
Surplus on revaluaaon of ava4able fur sale inv c'sh\ents • :,ct | (25a98) | 29.420 | |||
Total equity | 2J22.M1 | 2.696.385 | |||
Liabilities | |||||
Insurance liabilihes [including policyholders' liab!I‹l›es | |||||
and ledger account A & 8) Oulslanaing cla›ms Retirement beneft obligations Premium received in advance Reinsurance / retakaful payables Cther creditors and accruals Loase I abil‹!y against nght-of use asse:s | 36.353.288 868.903 20.889 123,590 312.547 1,152,070 18.327 | 3d,179.d02 818.713 20.889 141.845 302,839 ›.481.226 18 957 | |||
Total liabilities
‘ * ’0 tal equity and liabilities tingencies and commitments
IGI FE INSURANCE LIMITED
Suite No. 701 -T3, Tth Floor, The Forum, G-20, Block 9, Khayaban•e-3ami, Clifton, Karachi-75600, Pakistan UAN: (*92-21) 111-1l1-711 • Wei: (+92-21) 3S36OO€O • E-mail: vitality@igi.com.pk • Web• https://www.ig ilife.com.pk
38,849,614 40.963.871
5 2 59 43 662 256
Page 2 of 6
IGI MFE TNgURANCE LIMITED PROFIT AND LO9S ACCOUNT
FOR THE QUARTER AND THREE MONTHS ENDED MARCH 31, 2026
Gross premium / com iDuton revenue
Loss. premium / concibu on ceded to reinsurers / re‹akafuI ope‹ato'
ended March 31
ZON 2025
Rupaes In 000-——•
2,644.465 3.955.748
Net premium / contribution revenw | 2,524,750 | 3,832,514 |
Invesknenl *ncome | ||
Set reatwd fair value gains on finanoal asset* | ||
Other income - net | ||
528.014 | 858,293 | |
Net Income | 3.052,764 | 4.690,B07 |
Insurance benelils | 5252 | 552 |
Recovenes from reinsurers / reiakatul operators | 416 1 | 2 |
Net Insurance benefits | 3,483,616 | 2,394,060 |
(430,852 | 2,2g6,747 | |
Change in insurance liabilities (oiher Ihan oulsland ng clxl z•s | ||
Acquisition expenses | ||
Markefing and administration expenses | ||
Olher expenses | ||
(S47,894) | 2.195.674 | |
117,042 | 101073 | |
F nance costs | 1.458 | 296 |
Profit before taxation | 115.584 | 100,777 |
Taxat+on | }36.070} | (30.772) |
Profit after taxation | ||
Earnings per share basic end diluled |
119.715 123.23d
343.t85 | 800,852 |
148,197' | t6,344 |
36.632 | 41.097 |
)
(1.291,951 | 1.456,267 |
412.423 | 4S4,431 |
324.928 | 282.280 |
670b | 26B6 |
IGI LIFE IN5 ANCE LIMITED
Page 3 of 6
Suite No. 701 -7l3, 7th Floor, The Forum, G-20, Block 9, Khayaban-e-3ami, Clifton, Karachi-75600, Pakistan. UAN: (•92-21) 111-111-W1 • Tel: (+92-21) 35360040 • E-mail: vitality@igi.com.pk • Web: www.igilife.com.pk
IGI
IGI LIFE INSURANCE LIMITED
STATEMENT OF COItPREHENSIVE INCOME
FOR THE QUARTER AND THREE MONTHS ENDED MARCH 31, 2026
-- -—(Unaudlted)—-—-— For the quaAer and three months ended March 31
2026 2025
:.---RupoeolnOO0--.-.
Profit after taxation
79,514
70.005
Other comprehensive income
Change in unrealised (loss) I gain on available-for-sale f Jarlcial assets
Change in insurance liabililies - new
Change in unrealised loss on available-for-sale financial assels - net of tax
(79,650)
(10,367)
Effect of axalion
Other comprehensive loss for the perioc
24,732 3.214
(54,918)
(7,153)
Totalcompf$henWvein*omefmtheperiod
(584,012 | 80,234 |
504,362 | (100.601] |
Life
TGT LINE INSURANCE LIMITED
SuiteNo.TOl-7J3,7ihFloor,TheForum,C-2O,Block9,Khayaban-e-3ami.Clifton,Karachi-7S600,Pakistan. UAE:(•92-2ll1l1-lxl-71l • Tel:(•92-21)553aoo4o. a-mail:vitality(migi.cocn.pk Web: .igilite.corn.pk
Page 4 of 6
isi urc iueu cE uurrco
sTxzEuEuT or ci+A++azs in Eouin
FOA THE OUARWR MO THREE MONK S MDE0 MACH 31. £026
1.705.67 2 1.596, 256 (1.050,83 4 ) 27.487 2.278.584
March 31 . 3025
Offer comprot•e srva Yes fo‹ lhe vvee mcnthc
ended March 31. 2oz5
70.005 17. 53) |
32.089 37,316
(7. T53) 62.85?
Bamntwuxw Msmh0l.m2S(unmudBwo)
1, T05,672 1,628,845 {1.OF 3.515 20.334 2.341.436
Ptofh for th nine r34 . 20zS
Oec#rrOef 31, 2025
Appropfiasa of sur la lrom r D
52.760 295.103
‹s s‹e |
20.750 1Z0.750)
9.068 3Sd.9d9
Blancw•a•t J1,2#25mudumd}
March 3*. Z’636
Otr+er comprenereras ft The Wee months ended Mai 3t. 2026
I . 705,?72 I .602.455 {839, 162) Z9.420 2,69B. 38'
24.D19
7g.5 }4
24.019 55.495
IGI LIFE INSUR NCE LIMITED
Suite No. TO1 -713, 7th Floor, The Forum, G-20, Block 9, Khayaban-e-gami, Clifton, Karachi-7S6OO, Pakistan UAN: (•92-21) 111-l11-W1 • Tel: (*92-21) 35360040 • E-mail: vitality@igi.com.pk • Web: https://www.igilife.com.pk
Page 5 of 6
IGI LJFE INSURANCE LIMITED
CAgt4 FLOW STATEMEN7
FOR THE QUARTER AND THREE MONTHS ENOED MARCH 31, 202£
•--—-WUn•aodIted--- -For the quarter and three
2026 2025
-——-•Ropeon In 000•----—-
‹•) | Und+rwrlting activities | |||
Prem+urns received net ol poccy transfers | 2,380.852 | 3.744.6d2 | ||
Ransurance prem+um gave | B4.312I | f 68.328! | ||
Claims paid | (978,659 | ‹ #70.135) | ||
Surrenders pax! | 2,651,471 | (1 76^,716) | ||
Reinsurance recovery received | S9.447 | 70.801 | ||
Co‹»m+ssion pan | (186,894) | '250.739) | ||
Comnt•ssion rocolvo0 | 24 86d | 757 | ||
Nat cast Inllow from vnderwrlting actfv hes | (1.436,169j | 874.282 | ||
Incomo tax paid
fi.I.rketnJg and adm‹n strattve expense a f›,
Other operauiq receipts Loans advanced
Loan repaynsonts rocervod
Not cash outflow on ott er oporatlny ac*›vnias
Total cash (outflow) / Inflow from all oparaHng acliviHe
Investmenc actlvliJes P‹ufil ,' ro'urn roceived O*ydoi d received Payi›aont for nvoslmonts
Procoads from disposal of wasmens Proceeds from oisposals of f*xed assets Capital work in ;>'ogress
285.922
1.060
(14.207.224
13.743.694
4.450 t'.634
{12 982
275,654
3.786
(28,309.168
27,089.251
119 (17,890j
/1S 76d”
Fixed capital oxpendrture
728,518)
?i85)
(654,183)
1A.601
8.249
(2.164,687)
(43.610
(627,8iO
+2.928 5.71O
‹su2.6U0)
22 ,482
Total cash outflow from Investing activit*os f974.032) f186.7t4)
OividonJs paid
Total cash outflow on fioancTng actlvttos
Net cash (outflow on) / InRow from all actlvtios Gash ano casn equ valo‹›ls at bcgin‹›i‹ q of tl”‹' »‹ ' !
(3.138,719)
4,599,011
34.768
4.355.487
Cash and caeh equivalents at end of th+ punod
ReconcHaHon to the pooft and loss accourtl
Opmmig cash (outlaws) inflows
Dcpreoat a ed amon saxon expr nsas
oss) / gar› on disposal of fixad assos
recc‹vad on oonx def›os*ts toCt‹aRecmmaUon
IGI E INSURANCE LIMITED
1.460.292 90 255
"Z2 1.482
27.767)
4.358 ' t3.543›
895 i1.046.355)
491.382 9J0.686
15 820 21 150
79.51t 70 005
Page 6 of 6
Suite No. 701 -713, Cth Floor, The Forum, G-20, Block 9, Khayaban-e-Jami, Clifton, Karachi-75600, Pakistan.
Uaw:(92-2lllUl-Xl • Tel:(•92-24)3536OO40 • E-maiT:vitaiiy§igi.com.pk • Web: .igilite.com.pk