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AICL Adamjee Insurance Company Limited

Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026

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Last close · 16 Oct 2026

Rs 94.32 +0.68%

Quarterly · Q3 FY2021 – Q2 FY2026

Adamjee Insurance Company Limited (AICL) quarterly balance sheet

At the end of Q2 FY2026 (Apr – Jun 2026) Adamjee Insurance Company Limited had total assets of Rs 275.0 bn, up 15.3% on Q2 FY2025. Shareholders' equity was Rs 54.1 bn (Rs 154.51 per share), 19.7% of total assets.

AICL balance sheet (quarterly) (Rs bn)
Rs bn Q2 FY2026 Apr – Jun 2026 Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024
Assets
Cash & cash equivalents 18.4 12.3 12.3 11.5 10.5 7.5 10.2 6.7
Investments 195.0 194.6 198.1 189.3 174.0 170.7 161.0 139.6
Premium receivables 28.0 24.7 23.7 25.7 24.9 23.9 23.8 32.2
Total assets 275.0 263.8 264.7 258.1 238.6 227.6 224.7 208.0
Liabilities
Insurance reserves 60.8 60.5 58.8 56.7 51.2 50.8 49.8 53.5
Unearned premiums 31.8 31.4 31.3 31.7 27.8 26.4 25.4 28.1
Total liabilities 219.9 212.7 212.9 208.6 192.1 183.6 182.1 170.1
Equity
Equity attributable to shareholders 54.1 50.1 50.9 48.5 45.5 43.5 42.1 37.3
Total equity 55.1 51.2 51.8 49.5 46.5 44.0 42.6 37.8
Total liabilities & equity 275.0 263.8 264.7 258.1 238.6 227.6 224.7 208.0
Key figures
Shares outstanding mn 350.0 350.0 350.0 350.0 350.0 350.0 350.0 350.0
Common equity 54.1 50.1 50.9 48.5 45.5 43.5 42.1 37.3
Book value per share (Rs) Rs 154.51 143.27 145.29 138.62 130.09 124.20 120.17 106.67
AICL balance sheet — year-on-year change (Rs mn)
Rs mn Q2 FY2026 Apr – Jun 2026 Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024
Assets
Cash & cash equivalents +75.0% +63.7% +20.3% +71.0% +64.4% -11.4% +69.1% -42.0%
Investments +12.1% +14.0% +23.0% +35.6% +32.3% +40.3% +40.7% +37.6%
Premium receivables +12.6% +3.2% -0.4% -20.2% -15.0% -14.9% -16.5% -1.2%
Total assets +15.3% +15.9% +17.8% +24.1% +25.9% +27.4% +28.3% +23.1%
Liabilities
Insurance reserves +18.7% +19.2% +18.1% +6.0% +12.2% +12.0% +7.6% +11.7%
Unearned premiums +14.3% +18.9% +23.2% +12.9% +33.7% +30.2% +28.0% +33.3%
Total liabilities +14.5% +15.8% +16.9% +22.6% +25.6% +26.8% +27.1% +21.6%
Equity
Equity attributable to shareholders +18.8% +15.4% +20.9% +30.0% +26.3% +30.0% +34.2% +30.6%
Total equity +18.5% +16.2% +21.7% +30.8% +27.3% +29.8% +34.0% +30.5%
Total liabilities & equity +15.3% +15.9% +17.8% +24.1% +25.9% +27.4% +28.3% +23.1%
Key figures
Shares outstanding — — — — — — — —
Common equity +18.8% +15.4% +20.9% +30.0% +26.3% +30.0% +34.2% +30.6%
Book value per share (Rs) +18.8% +15.4% +20.9% +30.0% +26.3% +30.0% +34.2% +30.6%

Change against the same quarter a year earlier; shown when the earlier figure is positive.

AICL balance sheet — common size (Rs mn)
Rs mn Q2 FY2026 Apr – Jun 2026 Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024
Assets
Cash & cash equivalents 6.7% 4.7% 4.6% 4.4% 4.4% 3.3% 4.6% 3.2%
Investments 70.9% 73.8% 74.8% 73.4% 72.9% 75.0% 71.7% 67.1%
Premium receivables 10.2% 9.4% 9.0% 9.9% 10.4% 10.5% 10.6% 15.5%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Insurance reserves 22.1% 22.9% 22.2% 22.0% 21.5% 22.3% 22.1% 25.7%
Unearned premiums 11.6% 11.9% 11.8% 12.3% 11.7% 11.6% 11.3% 13.5%
Total liabilities 80.0% 80.6% 80.4% 80.8% 80.5% 80.7% 81.0% 81.8%
Equity
Equity attributable to shareholders 19.7% 19.0% 19.2% 18.8% 19.1% 19.1% 18.7% 18.0%
Total equity 20.0% 19.4% 19.6% 19.2% 19.5% 19.3% 19.0% 18.2%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Common equity 19.7% 19.0% 19.2% 18.8% 19.1% 19.1% 18.7% 18.0%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 16 Oct 2026.

All reported line items 111
AICL balance sheet — all reported line items (Rs bn)
Rs bn Q2 FY2026 Apr – Jun 2026 Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024
Cash & Cash Equivalents 18.4 12.3 12.3 11.5 10.5 7.5 10.2 6.7
Receivables - Total 30.6 25.5 24.2 26.5 26.0 25.1 25.2 33.2
Insurance Premium Receivables 28.0 24.7 23.7 25.7 24.9 23.9 23.8 32.2
Receivables - Other 2.6 0.8 0.4 0.9 1.1 1.2 1.3 1.1
Investments including Loans - Total 195.0 194.6 198.1 189.3 174.0 170.7 161.0 139.6
Investment Securities - Available for Sale, Held to Maturity & Held for Trading - Total 68.5 62.0 69.0 67.5 60.2 58.5 59.5 49.4
Investment Securities - Equity 68.5 62.0 69.0 67.5 60.2 58.5 59.5 49.4
Investment Property 2.8 2.8 2.8 2.5 2.5 2.5 2.5 2.2
Investments - Other - Total 123.6 129.8 126.2 119.2 111.2 109.7 98.9 88.0
Loans - Mortgage, Policy & Other 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Loans - Other 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Property, Plant & Equipment - Net - Total 6.1 6.1 6.1 5.8 5.8 5.7 5.7 5.3
Other Assets - Total 24.7 25.1 23.9 24.7 22.2 18.3 22.4 22.9
Restricted Accounts - Cash 4.7 4.7 4.7 4.8 5.3 3.0 3.0 3.1
Deferred Charges 4.1 4.5 4.7 4.5 3.9 3.5 3.1 2.8
Accrued Investment Income — 2.3 2.1 2.6 1.7 2.5 1.9 3.0
Prepaid Expenses - Total 7.7 5.8 5.9 7.4 6.6 7.3 8.6 12.0
Other Assets 8.1 7.7 6.4 5.5 4.7 2.1 5.7 2.0
Intangible Assets - Total - Net 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2
Intangible Assets - excluding Goodwill - Net - Total 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2
Intangible Assets - Gross - Total — — 1.0 0.2 0.2 0.2 0.8 0.2
Intangible Assets - excluding Goodwill - Gross — — 1.0 0.2 0.2 0.2 0.8 0.2
Intangible Assets - Accumulated Amortization & Impairment - Total — — 0.7 0.1 0.0 0.0 0.7 0.0
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total — — 0.7 0.1 0.0 0.0 0.7 0.0
Total Assets 275.0 263.8 264.7 258.1 238.6 227.6 224.7 208.0
Insurance Reserves - Total 60.8 60.5 58.8 56.7 51.2 50.8 49.8 53.5
Debt - Total 0.4 0.3 0.4 0.4 0.4 0.4 0.4 —
Unearned Premiums - Gross 31.8 31.4 31.3 31.7 27.8 26.4 25.4 28.1
Policy & Contract Claims - Gross 29.0 29.1 27.5 25.0 23.4 24.4 24.3 25.4
Debt - Long-Term - Total 0.4 0.3 0.4 0.4 0.4 0.4 0.4 —
Capitalized Lease Obligations - Long-Term 0.4 0.3 0.4 0.4 0.4 0.4 0.4 —
Long-Term Debt excluding Capitalized Leases — — — — — — — —
Debt - Non-Convertible - Long-Term — — — — — — — —
Dividends Payable — 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Deferred Tax & Investment Tax Credits - Long-Term 12.9 12.0 13.2 12.6 11.0 9.9 9.8 7.3
Deferred Tax - Liability - Long-Term 12.9 12.0 13.2 12.6 11.0 9.9 9.8 7.3
Payables & Accrued Expenses 13.1 10.1 9.1 13.3 11.4 9.7 8.2 12.2
Trade Account Payables - Total — 2.1 2.4 2.9 2.4 2.8 2.2 2.8
Accrued Expenses — 1.4 1.4 1.7 1.7 1.7 1.7 1.5
Payable - Reinsurance & Brokers/Agents 7.2 5.7 4.7 7.6 7.3 5.2 3.9 7.9
Other Liabilities - Total 132.8 129.6 131.2 125.4 118.0 112.6 113.7 97.0
Other Payables - Total 5.9 0.9 0.6 1.2 0.0 0.0 0.4 0.0
Other Liabilities - 130.6 127.8 129.3 123.7 116.4 111.1 110.9 95.7
Provisions 0.3 0.3 0.3 0.3 0.3 0.2 0.3 0.2
Post Employment Benefits - Pension & Other 0.3 0.3 0.3 0.3 0.3 0.2 0.3 0.2
Deferred Revenue/Income 1.9 1.5 1.6 1.4 1.3 1.3 2.5 1.0
Total Liabilities 219.9 212.7 212.9 208.6 192.1 183.6 182.1 170.1
Shareholders' Equity - Attributable to Parent Shareholders - Total 54.1 50.1 50.9 48.5 45.5 43.5 42.1 37.3
Common Equity Attributable to Parent Shareholders 54.1 50.1 50.9 48.5 45.5 43.5 42.1 37.3
Common Equity - Contributed 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5
Common Stock - Issued & Paid 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5
Equity - Non-Contributed - Reserves & Retained Earnings 50.6 46.6 47.4 45.0 42.0 40.0 38.6 33.8
Retained Earnings - Total 50.6 29.1 28.0 26.8 25.8 25.1 23.6 22.3
Comprehensive Income - Accumulated - Total — 16.6 18.4 17.3 15.3 13.9 14.0 10.6
Investments - Unrealized Gain/Loss — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hedging Reserves — 14.5 16.2 15.1 13.1 11.8 11.8 8.5
Foreign Currency Translation Adjustment - Accumulated — 2.1 2.1 2.2 2.2 2.1 2.1 2.1
Other Reserves/Equity - Total — 0.9 0.9 0.9 0.9 0.9 0.9 0.9
Common Equity - Total 54.1 50.1 50.9 48.5 45.5 43.5 42.1 37.3
Minority Interest - Equity 1.0 1.0 1.0 1.0 1.0 0.6 0.5 0.5
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 55.1 51.2 51.8 49.5 46.5 44.0 42.6 37.8
Total Liabilities & Equity 275.0 263.8 264.7 258.1 238.6 227.6 224.7 208.0
Common Shares - Issued - Total mn 350.0 350.0 350.0 350.0 350.0 350.0 350.0 350.0
Common Shares - Outstanding - Total mn 350.0 350.0 350.0 350.0 350.0 350.0 350.0 350.0
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 375.0 375.0 375.0 375.0 375.0 375.0 375.0 375.0
Common Shares - Issued - Issue Specific mn 350.0 350.0 350.0 350.0 350.0 350.0 350.0 350.0
Common Shares - Outstanding - Issue Specific mn 350.0 350.0 350.0 350.0 350.0 350.0 350.0 350.0
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental — — 0.3 0.3 0.3 — 0.4 0.1
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental — — 0.3 0.3 0.3 — 0.4 0.1
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental — — 5.8 5.6 5.4 — 5.4 5.3
Finance and Operating Lease Liabilities - Total - Supplemental 0.4 0.3 0.4 0.4 0.4 0.4 0.4 —
Debt including Finance and Operating Lease Liabilities - Supplemental 0.4 0.3 0.4 0.4 0.4 0.4 0.4 —
Net Debt (18.0) (11.9) (11.9) (11.1) (10.1) (7.1) (9.8) (6.7)
Minority Interest - Total 1.0 1.0 1.0 1.0 1.0 0.6 0.5 0.5
Asset Accruals (18.4) (12.3) (12.3) (11.5) (10.5) (7.5) (10.2) (6.7)
Cash & Cash Equivalents - Total 18.4 12.3 12.3 11.5 10.5 7.5 10.2 6.7
Cash & Securities 195.0 194.6 198.0 189.2 173.9 170.6 160.9 139.6
Cash & Short Term Investments - Total 18.4 12.3 12.3 11.5 10.5 7.5 10.2 6.7
Debt - including Preferred Equity & Minority Interest - Total 1.4 1.4 1.3 1.3 1.4 0.9 0.9 0.5
Earning Assets 195.0 194.6 198.1 189.3 174.0 170.7 161.0 139.6
Equity Securities & Real Estate 71.3 64.8 71.8 70.0 62.7 61.0 62.0 51.6
Invested Assets - Total 195.0 194.6 198.1 189.3 174.0 170.7 161.0 139.6
Investment Securities 68.5 62.0 69.0 67.5 60.2 58.5 59.5 49.4
Investments - Permanent 2.8 2.8 2.8 2.5 2.5 2.5 2.5 2.2
Net Book Capital 37.1 39.2 39.9 38.4 36.4 36.9 32.8 31.1
Net Operating Assets 37.1 39.2 39.9 38.4 36.4 36.9 32.8 31.1
Non-Reserve Liabilities 159.1 152.2 154.1 151.9 140.9 132.8 132.3 116.6
Provisions - Total 13.2 12.2 13.5 12.8 11.2 10.1 10.1 7.5
Shareholders Equity - Common 54.1 50.1 50.9 48.5 45.5 43.5 42.1 37.3
Tangible Total Equity 54.8 50.9 51.6 49.3 46.3 43.8 42.4 37.7
Tangible Book Value 53.8 49.9 50.6 48.3 45.4 43.3 41.9 37.2
Total Book Capital 54.4 50.5 51.2 48.9 45.9 43.9 42.5 37.3
Total Capital 55.5 51.5 52.2 49.9 46.9 44.4 43.0 37.8
Total Long Term Capital 55.1 51.2 51.8 49.5 46.5 44.0 42.6 37.8
Unearned Revenue - Total 1.9 1.5 1.6 1.4 1.3 1.3 2.5 1.0
Book Value excluding Other Equity 54.1 49.2 49.9 47.6 44.6 42.5 41.1 36.4
Cash & Short Term Investments - Net of Debt 18.0 11.9 11.9 11.1 10.1 7.1 9.8 6.7
Interest Bearing Liabilities - Total 0.4 0.3 0.4 0.4 0.4 0.4 0.4 —
Net Debt Including Preferred Equity & Minority Interest (17.0) (10.9) (11.0) (10.1) (9.2) (6.6) (9.3) (6.2)
Other Short-Term & Long-Term Assets - Total 20.0 20.3 19.1 20.0 16.9 15.3 19.3 19.8
Other Short-Term & Long-Term Liabilities - Total 130.6 127.8 129.3 123.7 116.4 111.1 110.9 95.7
Tangible Book Value excluding Other Equity 53.8 49.0 49.7 47.4 44.4 42.3 41.0 36.2
Total Debt Excluding Islamic 0.4 0.3 0.4 0.4 0.4 0.4 0.4 —
Investment in Equity, Real Estate & Mortgages 71.3 64.8 71.8 70.0 62.7 61.0 62.0 51.6
Book Value excluding Accumulated Comprehensive Income — 33.5 32.5 31.2 30.2 29.6 28.1 26.7
Benefit & Claims Reserves - Gross 29.0 29.1 27.5 25.0 23.4 24.4 24.3 25.4
Reinsurance Liabilities 7.2 5.7 4.7 7.6 7.3 5.2 3.9 7.9
Cash in Hand & with Banks - Total 18.4 12.3 12.3 11.5 10.5 7.5 10.2 6.7

Every line the company reported, in the original order and wording, without regrouping or signs changed.