kelian‹e Insurance Company Ltd.
(Incorporated in Pakistan)
Dated: 28* August, 2025
The General Manager, Pakistan Stock Exchange, Stock Exchange Building, Stock Exchange Road, Karachi.
Dear Sir,
Head Office :
"Reliance Insura nce House"
181-A, Sindhi Muslim Co-operative Housing Socie9,
harachi-74400, Pakistan. Tel: 34539415-17
E-mail: reli-insC 'cyber.net.pk Web Site : relianceins.com
ISO. Box No. : 13356 GRAJVIS : TRUSTONUS Fax No. : 92-21-34539412
FINANCIAL RESULTS FOR THE HALF -YEAR ENDED JUNE 30, 2025.
We have to inform you that the Board of Directors of the Company in their meeting held on Thursday 28* August, 2025 at 11.30. A.M. considered and approved the un-audited financial statements duly reviewed by the auditors of the Company for the Half-year ended June 30, 2025.
No interim Cash dividend or Bonus shares have been declared. The financial results of the
Company are attached herewith.
Statement of Financial Position
Profit and Loss Account
Statement of Changes in Equity
Statement of Cash Flows.
The Half Yearly Report of the Company for the period ended June 30, 2025 will be transmitted through PUCARS separately, within the specified time.
You may please inform the TRE Certificate Holders of the Exchange Accordingly.
Kindly acknowledge,
Yours faithfully,
For RELIANCE INS CE COMPANY LTD.
(A. RAZAK AHMED)
Chief Executive & Managing Director
Encl: as above.
Copy to:
The Commissioner
Securities and Exchange Commission of Pakistan Insurance Division,
NIC Building 63, Jinnah Avenue Islamabad
Fax # 92-5 I -9100471 & 9100428
The Director,
Securities and Exchange Commission of Pakistan
HOD, Surveillance, Supervision & Enforcement Department
NIC Building 63, Jinnah Avenue,
Islamabad.
Fax # 051 -9100474 & 051-9100454
Relian‹e Insurance Company Lid.
(Incorporated in Pakistan)
Head Once :
"Reliance Insurance House"
181-A, Sindhi Muslim Co-operative Housing Socie/,
Karachi-74400, Pakistan. Tel: fi45J9415-t7
E-mail: reli-ins(u cyber.net.pk Web Site : relianceins.com
1,198,569,039 | 1,200,097,9I4 | 839,874,670 |
103,268,072 | 70,080,623 | 70.092,591 |
43,613,382 | 43.508.514 | 42,628,618 |
PO. Box No. : 13356 GRAIVfS : TRUSTONUS Fax No. : 92-2t-345394t2
202$ (U•auditcd) | 202J (Audited) Restated | 2tt24 (Audited) Restated | ||
ASSETS | ‹Rupees) | |||
Property and equipment Investments | 129,688,896 | t04,759,877 | 87,t59,556 | |
Equity securities | ||||
Debt securities | ||||
Term de9o8its | ||||
1,345,450,493 | 1,313,687,051 | 952,595,879 | ||
Loan and other receivables | 4,639,290 | 4.571,855 | 5,135,425 | |
Insuzencc / reinsurance receivables | 693,094,049 | 642,361,902 | 537,186,737 | |
Reinsurance ncoveries against outstanding claims | 239,340,948 | 271,629,962 | 176,420,761 | |
Deferred commission expense | 92,638,641 | 94,842,909 | 93,312,664 | |
Prepayments | 214,853,042 | 228,208,543 | t94,268,623 | |
Cash and banL balances | 109,487,775 | 102,206,082 | 108,555,276 | |
2,829,393,134 | 2,762,272,181 | 2,156,634,925 | ||
Total assets window talcaful operations - Operator's Fund | 176,464,059 | 182,748,071 | 155,881,703 | |
Total assets window talceful operations • Participants' Ta¥aful Fund | 243,614,391 | 240.084,908 | 263,563.509 | |
TOTAL ASSETS | 9 15 | 105 6 | 25 60 | 3 |
EQUITY AND LIABILITIES | ||||
Capital •nd reiervei attributable to Company's equity holder | ||||
Ordinary share capital | ||||
General reserves | ||||
Unappropriatcd profit | ||||
Unrealised gain on revaluation of available for sale investment | ||||
TOTAL EQUITY | 1,723,391,986 | 1,s72,431,370 | 1,222,421,288 | |
LIABILITIES | ||||
Underwriting provisions | ||||
Outstanding claims including IBNR | ||||
Unearned premium zcsecycs | ||||
Unearned zeinsuzancc commission | ||||
1,004,723,030 | 665,379,490 | 665,379,490 |
400,000,000 | 400,000,000 | 310,000,000 |
179,713,690 | 370,364,373 | 225,049,587 |
138,955,266 | 136,687,507 | 21.992,211 |
Insurance / reinsurance payables Unclaimed dividend
Other creditors and accruals Defemd taxation
Taxation - provision less payments
Total liabilities of window taLaful operations- operator's fund
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMENTSKarachi 28/086025
794,240.790 866,699,518 709,609,503
132,303,815 | 192,164,335 | 216,603,821 |
6,847,173 | 6,847,173 | 4,531,819 |
93,632,201 | 79,862,274 | 71,376,445 |
152,153,417 | 126,464,055 | 30,143,8d |
76.976,613 | 59,124,328 | 22,637.371 |
302,177,466 | 343,523,464 | 230,153,423 |
455,463,912 | 489,493,362 | 440,170,615 |
36,599,412 | 33,682,692 | 39,285,465 |
461,913,219 464,462,165 345,493,322
26,311,199 41.427,199 34,992,515
243,614,390 240,084,908 263.563.509
1,526,079,598 1.612,673,790 l,353,65B,849
2 9 1 5 4 3 1 10 6 2 576 0 0 3
A. RAZAK AHMED
Chief Executive G Managing Direnor
Reliance Insurance Company Lld.
(Incorporated in Pakistan)
RELIANCE INSURANCE COMPANY LIMITEDHead ice :
"Reliance Insurance House"
181-A, Sindhi Muslim Co-operative Housing Society,
Karachi-74400, Pakistan. Tel: 345394t5-t7
E-mail: reli-insCu cyber.net.pk Web Site : reIianceins.com
P.O. Box No. : 13356 GRASS : TRUSTONUS Fax No. : 92 21-345394 2
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UNAUDITED)
FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2025
THREE MONTH PERIOD SIX MONTH PERIOD ENDED JUNE 30, ENDED âUNE 30,
202$ | 20t4 | 2025 | 2024 | ||
- | (Rupees)- | ---- | |||
Net insurance premium | 153,625,348 | 146,080,407 | 289,772,134 | 271,224,019 | |
Net insurance claims | (37,852,985) | (38,161,559) | (57,252,036) | (66,882,781) | |
Net commission | (35,090,546) | (30,473,528) | (62,761.721) | (60,377.088) | |
Insurance claims and acquisition expenses | (72,943,531) | (68,635,087) | (120,013,757) | (127,259,869) | |
Management expenses | (54,311,630) | (48.337.523) | (106,552,234) | (88,650.714) | |
Underwriting results | 26,370,187 | 29,107,797 | 63,206,144 | 55,313,436 | |
Net investment income | 1}5,121,258 | 133,732,675 | 175,427,179 | 211,219,537 | |
Other income | 587,657 | 4,996,384 | 2,590,646 | ||
Other expenses | (33.655.473) | (22.746,264) | (49,716,793) | (37,958.330) | |
82,053,442 | 110,986,411 | 130,706,771 | 175,851,853 | ||
Results of operating activities | 108,423,629 | 140,094,208 | 193,912,914 | 231,165,289 | |
Profit from takaful operations-operator's fund | 5,809,926 | 10,441,743 | 12,439,420 | 20,117,843 | |
114,233,555 | 150,535,951 | 206,352,334 | 251,283,132 | ||
Current taxation | (11,103,171) | (27,218,676) | (32,898,924) | (44,275,204) | |
Deferred taxation | (47,433,775) | (14,986,751) | (24,760.553) | 445,011 | |
Income tax expense | (58,536.946) | (42,205.427) | (57,659,477) | (43,830,193) | |
Profit after taz | 55,696,609 | 108,330,524 | 148,692,857 | 207,452,939 | |
Restated | Restated | ||||
Earnings after tax per share | 0.55 | I .08 | 1.48 | 2.06 | |
Karachi : 28/08/2025
A. RAZAK AMMED
Chief Executive & Managing Director
Reliance Insurance Company Ltd.
(Incorporated in Pakistan)
R EL£ANCE INSURANCE COMPANY LIMITED
CONDENSED INTERIM STATEMEW OF CHANGES IN EQUITY {UNAUDHED) FOR THE 5IX MONTHS PERIOD INDIA AND 30, 2025
Head Office '
Balance as ct I une 30. 2025
Karachi : 28/08/2025
- - 2,267,759 148,692,857 150,960,616
"Reliance Insurance House"
18I -A, Sindhi Muslim Co-operative Housing Society, Karachi-74400, Palustan. Tel: 34539415-17
E-mail: reli ins( cyber.net.pk Web Site : relianceins.cam
PO. Box No. : 13356 GRASS : TRUSTONUS Fax No. : 92-2 -fJ45394t 2
Balance as ct January 01, 2024 (Audited) | 665.379,490 | 310.000.000 | 21.992,21 I | 225,049,587 | 1,222,421.288 |
Transfer to general reserves | 90,000,000 | (90,000,000) | |||
Transactions wit overs: Cash dividend | (66,537.949) | (66,537,949) | |||
Total comprehensive income For the period | |||||
Profit aRcr tax Other comprehensive income | 28,071,914 | 207.452.939 | 207.452,939 28,071,914 | ||
- | - | 28071.914 | 20'7,452,939 | 235,524,853 | |
Balance as at June 30, 2024 | 665329,490 | 400 000 000 | 50064 I2â | 275 964 577 | I 391.408192 |
Balance as at January 01, 2025 (Audited) | 665,3'79,490 | 400,000,000 | I 36,687.507 | 370,364.373 | 1,572,431,370 |
Transactlon with owners: | |||||
Bonus share issued for the period mded June 30, 2025 @ 5 I% | 339.343.540 | (339,343,540) | |||
Total compref+ensivc income For the period | |||||
Profit after taxation Other comprehensive loss - net oFtax | 2,267.759 | t48,692,8S7 | 148,692,857 2.267,759 | ||
1,004 723 030 400,000,000 I 38,955,26b 179,713,690 1,723,391,986
Reliance Insvran‹e Company Ltd.
(Incorporated in Pakistan)
. 3029
Heed Office -
"Reliance Insurance House"
181-A, Sindhi Ntuslim Co-operative Housing Aciety,
Karachi-74400, Pakistan. Tel: 34539415-17
E-mail: reli-insjz cyber.net.pk Web Site : relianceins.com
P.O. Box No. : 13356. GRAMA : TRUSTONUS tax No. : 92-2t -34539412
2034
394,936,520 | |||
(2gM 2,785) | (230,486,'/94) | ||
22tf,80503 | |||
161,871.483 | 98.373.P/3 | ||
(99,369,635) | (88,784,5 t4) | ||
4l,728,902 | |||
(106,552,234 |
(69,423.068)
(I I ,445,439) | |||
(29.606,308 | |||
17 I ,8 IO | 5f,B0O |
Income tnx @d
(40,879,927)
5b,944.528 | 8t,750,3fi4 | |
(280.439,073) | (I 67,439,'/90) | |
330, t25.826 | 223,821,037 | |
(36,982.574) | (24.130.040) | |
3,935,000 |
(1I 0,302.014)
(39,216,610)
(GI ,824.735)
'
9rocaeds 6oa éisgoW oFprop'aty er+d equigraeot Total flow A-arm iavcséag ectiviâcs
(M,537,950)
(M,S37.950)
3,28I,693 t03,206,082 l09.483,yy 5
l08,5 5ñ,2' 6
99 894 116
Divided income
Offa" invcsanmt income / (loss) (fncmasc) / decrease ia assets- PTT
(Increase) / decrease io liabilities cné I aés-PTF
( I 10,302,0 l4) | (6I ,834.735 | |
25,339,636 | ||
48,562,42'? | ||
l0l,525,116 | 114,082,980 | |
(3.529,483 | (59,474,953 | |
3,529.483 | ||
2.911,554 | ||
t00.6@.036 | (36,93$,447 | |
{24,760,553 |
t93,t69,230
t4,383,6d9
I 48,69y,85g
1,283.632
108,204, 143
182.6d9
99,dI l,467