Oct 23, 2026, 8:05 AM
Universal Insurance reports lower quarterly profit and EPS; recommends 1:1 rights issue
Financial ResultThe Universal Insurance Company Limited announced board-approved results for the quarter ended September 30, 2026. Quarterly profit after taxation fell to Rs. 2.517 million from Rs. 5.274 million a year earlier, and EPS declined to Rs. 0.05 from Rs. 0.11. The board recommended a rights issue of 50 million ordinary shares at par, in the proportion of 100 shares for every 100 shares held; book-closure dates will be communicated later.
Key Findings
- Quarterly net insurance premium was Rs. 18.330 million, compared with Rs. 11.353 million in the same quarter last year.
- Profit after taxation declined to Rs. 2.517 million from Rs. 5.274 million year over year.
- EPS decreased to Rs. 0.05 from Rs. 0.11.
- The board recommended issuing 50 million ordinary shares through a 1:1 rights issue at Rs. 10 per share.
- Cash dividend and bonus shares were NIL; the rights-issue book-closure dates are to be announced later.
Financial Performance
| Metric | PreviousQuarter ended September 30, 2025 | CurrentQuarter ended September 30, 2026 | Change |
|---|---|---|---|
| Net insurance premium | 11,353 | 18,330 | +61.5% |
| Results of operating activities and profit before taxation | 6,786 | 3,619 | -46.7% |
| Profit after taxation | 5,274 | 2,517 | -52.3% |
| Earnings per share | 0.11 | 0.05 | -54.5% |
| Cash and bank balances | 23,919 | 31,042 | +29.8% |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.