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Insurance

IGIHL IGI Holdings Limited

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

Watch IGIHL · free results alerts

Last close · 16 Oct 2026

Rs 251.50 +0.44%

Annual · FY2006 – FY2025

IGI Holdings Limited (IGIHL) balance sheet

At the end of FY2025 (Jan – Dec 2025) IGI Holdings Limited had total assets of Rs 148.5 bn, up 14.6% on FY2024. Shareholders' equity was Rs 69.7 bn (Rs 488.44 per share), 46.9% of total assets.

IGIHL balance sheet (annual) (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & cash equivalents 3.9 3.8 4.4 1.2 1.5
Investments 119.7 102.7 94.1 72.1 70.5
Premium receivables 7.7 6.2 4.4 4.9 2.7
Reinsurance assets 7.2 8.0 6.8 4.8 1.9
Total assets 148.5 129.6 117.1 88.9 82.2
Liabilities
Insurance reserves 18.4 17.1 12.4 10.8 6.5
Unearned premiums 6.9 5.2 4.3 3.4 3.2
Total liabilities 78.4 65.5 50.9 37.8 34.3
Equity
Equity attributable to shareholders 69.7 63.7 65.8 50.8 47.7
Total equity 70.1 64.1 66.2 51.1 48.0
Total liabilities & equity 148.5 129.6 117.1 88.9 82.2
Key figures
Shares outstanding mn 142.6 142.6 142.6 142.6 142.6
Common equity 69.7 63.7 65.8 50.8 47.7
Book value per share (Rs) Rs 488.44 446.78 461.68 356.25 334.46
IGIHL balance sheet — year-on-year change (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & cash equivalents +0.9% -13.5% +279.8% -20.7% +17.0%
Investments +16.6% +9.1% +30.5% +2.3% -1.3%
Premium receivables +23.7% +42.2% -9.9% +78.0% +31.7%
Reinsurance assets -11.0% +17.5% +43.0% +146.8% -11.2%
Total assets +14.6% +10.7% +31.8% +8.1% +0.4%
Liabilities
Insurance reserves +7.3% +38.1% +15.0% +66.4% +11.7%
Unearned premiums +32.6% +21.4% +26.6% +5.1% +27.9%
Total liabilities +19.7% +28.6% +34.8% +10.3% +4.6%
Equity
Equity attributable to shareholders +9.3% -3.2% +29.6% +6.5% -2.3%
Total equity +9.4% -3.1% +29.5% +6.5% -2.5%
Total liabilities & equity +14.6% +10.7% +31.8% +8.1% +0.4%
Key figures
Shares outstanding — — — — —
Common equity +9.3% -3.2% +29.6% +6.5% -2.3%
Book value per share (Rs) +9.3% -3.2% +29.6% +6.5% -2.3%

Change against the previous fiscal year; shown when the earlier figure is positive.

IGIHL balance sheet — common size (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & cash equivalents 2.6% 3.0% 3.8% 1.3% 1.8%
Investments 80.6% 79.2% 80.4% 81.2% 85.8%
Premium receivables 5.2% 4.8% 3.8% 5.5% 3.3%
Reinsurance assets 4.8% 6.2% 5.8% 5.4% 2.4%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Insurance reserves 12.4% 13.2% 10.6% 12.1% 7.9%
Unearned premiums 4.7% 4.0% 3.7% 3.8% 3.9%
Total liabilities 52.8% 50.5% 43.5% 42.5% 41.7%
Equity
Equity attributable to shareholders 46.9% 49.2% 56.2% 57.2% 58.0%
Total equity 47.2% 49.5% 56.5% 57.5% 58.3%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Common equity 46.9% 49.2% 56.2% 57.2% 58.0%

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. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 149
IGIHL balance sheet — all reported line items (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Cash & Cash Equivalents 3.9 3.8 4.4 1.2 1.5
Receivables - Total 10.3 7.7 5.6 6.0 3.8
Insurance Premium Receivables 7.7 6.2 4.4 4.9 2.7
Income Tax - Receivables 1.5 1.1 1.0 0.9 0.9
Receivables - Other 1.1 0.3 0.2 0.2 0.2
Investments including Loans - Total 119.7 102.7 94.1 72.1 70.5
Investment Securities - Available for Sale, Held to Maturity & Held for Trading - Total 109.2 84.2 81.0 64.7 62.9
Investment Securities - Designated at Fair Value - Other — — — — —
Investment Securities - Equity — — — — —
Investment Property — — — — —
Investment Property - Gross — — — — —
Investment Property - Accumulated Depreciation & Impairment — — — — —
Investments - Other - Total 10.3 18.3 12.9 7.3 7.5
Loans - Mortgage, Policy & Other 0.2 0.2 0.2 0.2 0.2
Loans - Other 0.2 0.2 0.2 0.2 0.2
Investment Securities Available for Sale & Held to Maturity — — — — —
Property, Plant & Equipment - Net - Total 1.3 1.0 0.9 0.8 0.9
Property, Plant & Equipment - Gross - Total 2.4 2.0 1.9 1.7 1.7
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total 1.1 1.0 1.0 0.9 0.8
Investment Securities - Available for Sale - Total — — — — —
Reinsurance Assets 7.2 8.0 6.8 4.8 1.9
Deposits - Held under Reinsurance 0.0 0.0 0.0 0.0 0.0
Reinsurance Recoverable - In Insurance Provisions 7.2 8.0 6.8 4.8 1.9
Reinsurance Recoverable - Outstanding Claims 7.2 8.0 6.8 4.8 1.9
Other Assets - Total 5.7 5.9 4.8 3.6 3.2
Reinsurance Recoverable - Other — — — — —
Deferred Charges 0.6 0.5 0.4 0.4 0.3
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries — — — — —
Deferred Tax - Asset - Long-Term & Short-Term — — — — —
Accrued Investment Income 0.4 0.4 0.4 0.3 0.2
Prepaid Expenses - Total 4.0 4.6 3.5 2.6 2.5
Other Assets 0.7 0.5 0.4 0.3 0.3
Intangible Assets - Total - Net 0.0 0.5 0.4 0.4 0.4
Intangible Assets - excluding Goodwill - Net - Total 0.0 — — — —
Intangible Assets - Gross - Total 1.3 1.2 1.1 1.0 1.0
Intangible Assets - excluding Goodwill - Gross — — — — —
Goodwill/Cost in Excess of Assets Purchased - Net — — — — —
Intangible Assets - Accumulated Amortization & Impairment - Total 0.8 0.7 0.7 0.6 0.5
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total — — — — —
Total Assets 148.5 129.6 117.1 88.9 82.2
Insurance Reserves - Total 18.4 17.1 12.4 10.8 6.5
Benefit & Loss Reserves - Gross 0.1 — 0.0 0.0 0.0
Debt - Total 3.5 2.0 2.7 2.7 3.6
Short-Term Debt & Current Portion of Long-Term Debt 3.5 1.9 2.7 2.6 3.4
Benefit & Loss Reserves - Non-Life - Gross 0.1 — 0.0 0.0 0.0
Unearned Premiums - Gross 6.9 5.2 4.3 3.4 3.2
Policy & Contract Claims - Gross 11.4 11.9 8.1 7.4 3.2
Current Portion of Long-Term Debt including Capitalized Leases 0.0 0.0 0.0 0.1 0.4
Capitalized Leases - Current Portion 0.0 0.0 0.0 0.1 0.1
Short-Term Debt & Notes Payable 3.4 1.9 2.6 2.5 3.0
Debt - Long-Term - Total 0.1 0.0 0.0 0.1 0.2
Short-Term Banking Borrowings excluding Collateralized Financing 3.4 1.9 2.6 2.5 3.0
Current Portion of Long-Term Debt excluding Capitalized Leases — — 0.0 0.0 0.3
Capitalized Lease Obligations - Long-Term 0.1 0.0 0.0 0.1 0.2
Long-Term Debt excluding Capitalized Leases — — — 0.0 0.0
Debt - Non-Convertible - Long-Term — — — 0.0 0.0
Dividends Payable 0.0 0.0 0.0 0.0 0.0
Deferred Tax & Investment Tax Credits - Long-Term 8.7 3.3 3.2 1.6 0.9
Deferred Tax - Liability - Long-Term 8.7 3.3 3.2 1.6 0.9
Payables & Accrued Expenses 47.2 42.8 32.3 22.5 23.0
Trade Account Payables - Total 0.8 0.7 0.6 0.5 0.4
Accrued Expenses 0.8 1.0 0.7 0.4 0.2
Payable - Reinsurance & Brokers/Agents 40.8 36.8 26.5 20.0 20.2
Other Liabilities - Total 0.5 0.3 0.3 0.2 0.2
Other Payables - Total 4.8 4.2 4.5 1.6 2.2
Other Liabilities - — — — — —
Provisions 0.1 0.1 0.1 0.1 0.1
Post Employment Benefits - Pension & Other 0.1 0.1 0.1 0.1 0.1
Deferred Revenue/Income 0.5 0.2 0.2 0.1 0.1
Total Liabilities 78.4 65.5 50.9 37.8 34.3
Shareholders' Equity - Attributable to Parent Shareholders - Total 69.7 63.7 65.8 50.8 47.7
Common Equity Attributable to Parent Shareholders 69.7 63.7 65.8 50.8 47.7
Common Equity - Contributed 1.9 1.9 1.9 1.9 1.9
Common Stock - Issued & Paid 1.4 1.4 1.4 1.4 1.4
Equity - Non-Contributed - Reserves & Retained Earnings 67.8 61.9 64.0 49.0 45.8
Retained Earnings - Total 21.7 17.2 18.0 12.8 10.7
Comprehensive Income - Accumulated - Total 38.8 37.3 38.6 28.8 27.8
Investments - Unrealized Gain/Loss 38.8 37.3 38.6 28.8 27.8
Other Reserves/Equity - Total 7.3 7.3 7.3 7.3 7.3
Common Equity - Total 69.7 63.7 65.8 50.8 47.7
Common Stock - Additional Paid in Capital including Option Reserve 0.4 0.4 0.4 0.4 0.4
Minority Interest - Equity 0.4 0.4 0.3 0.3 0.3
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 70.1 64.1 66.2 51.1 48.0
Total Liabilities & Equity 148.5 129.6 117.1 88.9 82.2
Common Shares - Issued - Total mn 142.6 142.6 142.6 142.6 142.6
Common Shares - Outstanding - Total mn 142.6 142.6 142.6 142.6 142.6
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 200.0 200.0 200.0 200.0 200.0
Common Shares - Issued - Issue Specific mn 142.6 142.6 142.6 142.6 142.6
Common Shares - Outstanding - Issue Specific mn 142.6 142.6 142.6 142.6 142.6
Common Shares - Treasury - Issue Specific mn 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×
Right of Use Tangible Assets - Total - Net - Supplemental 0.2 0.2 0.7 0.6 0.7
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 0.2 0.2 0.7 0.6 0.7
Right of Use Tangible Assets - Total - Gross - Supplemental 0.3 0.4 1.4 1.2 1.2
Right of Use Tangible Assets - Capital/Finance Lease - Gross - Supplemental 0.3 0.4 1.4 1.2 1.2
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 1.1 0.8 0.2 0.2 0.2
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental 2.1 1.6 0.5 0.5 0.4
Finance and Operating Lease Liabilities - Total - Supplemental 0.1 0.0 0.1 0.2 0.3
Debt including Finance and Operating Lease Liabilities - Supplemental 3.5 2.0 2.7 2.7 3.6
Net Debt (0.3) (1.9) (1.7) 1.5 2.2
Debt - Long-Term - Maturities - Total — — — — —
Debt - Long-Term - Maturities - within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 5 — — — — —
Capital Lease Maturities - Total — — — — —
Debt - Long-Term - Maturities - 4-5 Years — — — — —
Capital Lease Maturities - Due within 1 Year — — — — —
Capital Lease Maturities - Due in Year 5 — — — — —
Capital Lease Maturities - Due in 4-5 Years — — — — —
Minority Interest - Total 0.4 0.4 0.3 0.3 0.3
Asset Accruals (3.9) (3.8) (4.4) (1.2) (1.5)
Cash & Cash Equivalents - Total 3.9 3.8 4.4 1.2 1.5
Cash & Securities 119.5 102.5 93.9 72.0 70.4
Cash & Short Term Investments - Total 3.9 3.8 4.4 1.2 1.5
Debt - including Preferred Equity & Minority Interest - Total 4.0 2.3 3.0 2.9 3.9
Earning Assets 119.7 102.7 94.1 72.1 70.5
Equity Securities & Real Estate — — — — —
Invested Assets - Total 119.7 102.7 94.1 72.1 70.5
Right of Use Tangible Assets - Total - Accumulated Depreciation - Supplemental 0.2 0.2 0.7 0.6 0.6
Investment Securities 109.2 84.2 81.0 64.7 62.9
Investments - Permanent — — — — —
Net Book Capital 69.8 62.2 64.4 52.6 50.1
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation - Supplemental 0.2 0.2 0.7 0.6 0.6
Net Operating Assets 69.8 62.2 64.4 52.6 50.1
Non-Reserve Liabilities 60.0 48.4 38.5 27.0 27.8
Provisions - Total 8.8 3.4 3.3 1.7 1.0
Shareholders Equity - Common 69.7 63.7 65.8 50.8 47.7
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental 1.0 0.8 0.3 0.3 0.2
Tangible Total Equity 70.1 63.6 65.8 50.7 47.6
Tangible Book Value 69.6 63.2 65.5 50.4 47.3
Total Book Capital 73.2 65.7 68.5 53.5 51.3
Total Capital 73.6 66.1 68.9 53.8 51.6
Total Long Term Capital 70.1 64.1 66.2 51.1 48.0
Unearned Revenue - Total 0.5 0.2 0.2 0.1 0.1
Book Value excluding Other Equity 62.4 56.4 58.6 43.5 40.4
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term — 0.0 0.0 0.0 0.0
Cash & Short Term Investments - Net of Debt 0.3 1.9 1.7 (1.5) (2.2)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 0.0 0.0 0.0 0.1 0.4
Interest Bearing Liabilities - Total 3.5 2.0 2.7 2.7 3.6
Net Debt Including Preferred Equity & Minority Interest 0.1 (1.5) (1.4) 1.8 2.4
Other Short-Term & Long-Term Assets - Total 5.7 5.9 4.8 3.6 3.2
Other Short-Term & Long-Term Liabilities - Total — — — — —
Tangible Book Value excluding Other Equity 62.3 55.9 58.2 43.1 40.0
Total Debt Excluding Islamic 3.5 2.0 2.7 2.7 3.6
Investment in Equity, Real Estate & Mortgages — — — — —
Book Value excluding Accumulated Comprehensive Income 30.9 26.4 27.2 22.0 19.9
Benefit & Claims Reserves - Gross 11.4 11.9 8.1 7.4 3.2
Reinsurance Liabilities 40.8 36.8 26.5 20.0 20.2
Cash in Hand & with Banks - Total 3.9 3.8 4.4 1.2 1.5

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