Reliance Insurance Company Limited (RICL) income statement

Reliance Insurance Company Limited reported total income of Rs 860.5 mn for FY2025 (Jan – Dec 2025), up 13.6% on FY2024. Tax of Rs 92.6 mn took 16.6% of pre-tax profit. Profit attributable to shareholders was Rs 464.9 mn, up 54.0% on FY2024, or Rs 3.56 per share.

RICL income statement (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 * Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 * Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016
Net premium earned	596.6	546.5	460.7	360.5	303.1	639.0	347.8	348.2	357.7	359.4
Investment income (net)	114.9	137.3	246.0	67.4	74.7	83.5	92.7	46.7	(40.1)	99.0
Total income	860.5	757.5	706.7	427.9	377.9	722.5	440.5	394.9	317.6	458.4
Net claims & benefits	(139.5)	(152.8)	(139.1)	(93.6)	(64.2)	(76.4)	(87.2)	(87.2)	(88.2)	(101.7)
Profit before tax	557.6	436.2	257.0	67.6	70.5	83.6	96.4	60.1	(17.6)	115.5
Taxation	(92.6)	(134.3)	(85.1)	(23.5)	(17.5)	(15.1)	(25.2)	(11.1)	(21.2)	(14.9)
Profit after tax	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Profit attributable to shareholders	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Per share
EPS – basic (Rs) Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
Dividend per share (Rs) Rs	0.00	0.00	0.51	0.24	0.23	0.00	0.00	0.00	0.00	0.20

RICL income statement — 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	FY2020 * Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016
Net premium earned	+9.2%	+18.6%	+27.8%	+18.9%	-52.6%	+83.7%	-0.1%	-2.6%	-0.5%	—
Investment income (net)	-16.3%	-44.2%	+265.1%	-9.8%	-10.5%	-9.9%	+98.7%	—	-140.5%	—
Total income	+13.6%	+7.2%	+65.2%	+13.2%	-47.7%	+64.0%	+11.5%	+24.4%	-30.7%	—
Net claims & benefits	-8.7%	+9.8%	+48.6%	+45.9%	-16.0%	-12.4%	+0.0%	-1.1%	-13.3%	—
Profit before tax	+27.8%	+69.7%	+280.2%	-4.1%	-15.6%	-13.3%	+60.3%	—	-115.2%	—
Taxation	-31.0%	+57.9%	+262.2%	+34.3%	+16.0%	-40.1%	+126.5%	-47.5%	+42.7%	—
Profit after tax	+54.0%	+75.6%	+289.7%	-16.8%	-22.6%	-3.8%	+45.3%	—	-138.5%	—
Profit attributable to shareholders	+54.0%	+75.6%	+289.7%	-16.8%	-22.6%	-3.8%	+45.3%	—	-138.5%	—
Per share
EPS – basic (Rs)	+54.0%	+75.6%	+289.7%	-16.8%	-28.0%	-3.8%	+45.3%	—	-138.5%	—
Dividend per share (Rs)	—	-100.0%	+110.0%	+5.0%	—	—	—	—	-100.0%	—

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

RICL income statement — 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	FY2020 * Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016
Net premium earned	69.3%	72.1%	65.2%	84.3%	80.2%	88.4%	79.0%	88.2%	112.6%	78.4%
Investment income (net)	13.4%	18.1%	34.8%	15.7%	19.8%	11.6%	21.0%	11.8%	(12.6%)	21.6%
Total income	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Net claims & benefits	(16.2%)	(20.2%)	(19.7%)	(21.9%)	(17.0%)	(10.6%)	(19.8%)	(22.1%)	(27.8%)	(22.2%)
Profit before tax	64.8%	57.6%	36.4%	15.8%	18.7%	11.6%	21.9%	15.2%	(5.5%)	25.2%
Taxation	(10.8%)	(17.7%)	(12.0%)	(5.5%)	(4.6%)	(2.1%)	(5.7%)	(2.8%)	(6.7%)	(3.2%)
Profit after tax	54.0%	39.8%	24.3%	10.3%	14.0%	9.5%	16.2%	12.4%	(12.2%)	22.0%
Profit attributable to shareholders	54.0%	39.8%	24.3%	10.3%	14.0%	9.5%	16.2%	12.4%	(12.2%)	22.0%

Each line as a percentage of total income.

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 94

RICL income statement — all reported line items (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016
Net Premiums Earned	596.6	546.5	460.7	360.5	303.1	639.0	347.8	348.2	357.7	359.4
Premiums Written - Gross	1,130.2	1,010.8	879.3	729.2	614.0	911.4	672.5	1,030.9	1,188.3	—
Premiums Ceded Out & Unearned - Reinsurance	533.6	464.3	418.6	368.7	310.9	272.5	324.7	682.6	830.7	—
Fees & Commissions Expense	130.1	111.2	96.4	77.2	55.0	62.0	65.4	60.0	60.7	60.9
Investment Income/(Expense) - Net - Insurance	114.9	137.3	246.0	67.4	74.7	83.5	92.7	46.7	(40.1)	99.0
Investments & Loans - Business - Gain/(Loss)	149.0	73.7	—	—	—	—	—	—	—	—
Investment Securities - Business - Gain/(Loss)	149.0	73.7	—	—	—	—	—	—	—	—
Revenue from Business Activities - Total	860.5	757.5	706.7	427.9	377.9	722.5	440.5	394.9	317.6	458.4
Insurance Claims/Reserves - Total	139.5	152.8	139.1	93.6	64.2	76.4	87.2	87.2	88.2	101.7
Insurance Benefits Paid - Current	139.5	152.8	139.1	93.6	64.2	76.4	87.2	87.2	88.2	101.7
Selling, General & Administrative Expenses - Total	239.8	203.6	180.9	150.2	152.1	152.0	154.4	152.4	141.7	179.6
Selling, General & Administrative Expenses - Unclassified	220.4	188.9	167.9	—	—	—	—	—	—	167.2
Depreciation in Selling, General & Administrative Expenses	19.3	14.7	13.0	—	—	—	—	—	—	12.4
Other Operating Expense/(Income) - Net	91.2	51.6	33.4	39.2	36.1	29.0	37.1	35.2	44.6	0.6
Other Operating Income - Total	18.3	34.6	34.7	19.9	13.9	18.8	13.5	10.0	2.6	—
Operating Expenses - Total	600.7	519.2	449.7	360.3	307.4	319.4	344.1	334.8	335.2	342.8
Operating Profit before Non-Recurring Income/(Expense)	259.9	238.3	257.0	67.6	70.5	403.1	96.4	60.1	(17.6)	115.6
Other Operating Expense	109.5	86.2	68.1	59.1	50.0	47.8	50.7	45.2	47.3	—
Interest Expense - Net of Capitalized Interest	—	—	—	—	—	—	—	—	—	0.0
Sale of Tangible & Intangible Fixed Assets - Gain/Loss	6.6	4.5	—	—	—	—	—	—	—	—
Normalized Pre-tax Profit	266.5	242.8	257.0	67.6	70.5	403.1	96.4	60.1	(17.6)	115.5
Non-Recurring Income/Expense - Total	291.0	193.3	—	—	—	—	—	—	—	—
Fair Value Adjustments - Financial Investments	291.0	193.3	—	—	—	—	—	—	—	—
Provision for Income Tax Expense- Unclassified	92.6	—	—	—	17.5	15.1	25.2	11.1	21.2	14.9
Income before Taxes	557.6	436.2	257.0	67.6	70.5	83.6	96.4	60.1	(17.6)	115.5
Income Taxes	92.6	134.3	85.1	23.5	17.5	15.1	25.2	11.1	21.2	14.9
Income Taxes for the Year - Current	—	83.5	46.9	31.6	—	—	—	—	—	—
Income Taxes - Deferred	—	50.8	38.2	(8.1)	—	—	—	—	—	—
Net Income after Tax	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Income before Discontinued Operations & Extraordinary Items	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Net Income before Minority Interest	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Net Income after Minority Interest	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Income Available to Common Shares	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
DPS - Common - Gross - Issue - By Period End Date Rs	0.00	0.00	0.51	0.24	0.23	0.00	0.00	0.00	0.00	0.20
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Income available to Common excluding Extraordinary Items	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Shares used to calculate Basic EPS - Total mn	130.6	130.6	130.6	130.6	130.6	121.5	121.5	121.5	121.5	121.5
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	1.33	0.83	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Earnings Allocation Factor - Basic - Issue Specific	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×
Shares used to calculate Basic EPS - Issue Specific mn	130.6	130.6	130.6	130.6	130.6	121.5	121.5	121.5	121.5	121.5
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	1.33	0.83	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Basic from Discontinued Operations & Extraordinary Items Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Diluted Income available to Common excluding Extraordinary Items	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Shares used to calculate Diluted EPS - Total mn	130.6	130.6	130.6	130.6	130.6	121.5	121.5	121.5	121.5	121.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	1.33	0.83	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Earnings Allocation Factor - Diluted - Issue Specific	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×
Shares used to calculate Diluted EPS - Issue Specific mn	130.6	130.6	130.6	130.6	130.6	121.5	121.5	121.5	121.5	121.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	3.56	2.31	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	1.33	0.83	1.32	0.34	0.41	0.56	0.59	0.40	(0.32)	0.83
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPS - Common - Gross - Issue - By Announcement Date Rs	0.00	0.51	0.24	0.23	0.00	0.00	0.00	0.00	0.20	0.20
DPS - Common - Net - Issue - By Announcement Date Rs	0.00	0.46	0.22	0.21	0.00	0.00	0.00	0.00	0.18	0.18
Earnings before Interest & Taxes (EBIT)	259.9	238.3	257.0	67.6	70.5	403.1	96.4	60.1	(17.6)	115.6
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	279.2	253.0	270.0	79.9	81.1	415.1	110.1	72.6	(4.5)	128.0
Depreciation & Amortization - Supplemental	19.3	14.7	13.0	—	—	—	—	—	—	12.4
Depreciation Expense - Total - Supplemental	19.3	14.7	13.0	—	—	—	—	—	—	12.4
Depreciation, Depletion & Amortization - Total	19.3	14.7	13.0	12.3	10.6	12.0	13.7	12.4	13.1	12.4
Depreciation - Total	19.3	14.7	13.0	12.3	10.6	12.0	13.7	12.4	13.1	12.4
Normalized after Tax Profit	173.9	108.5	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Normalized Net Income from Continuing Operations	173.9	108.5	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Normalized Net Income - Bottom Line	173.9	108.5	171.9	44.1	53.0	68.5	71.2	49.0	(38.8)	100.7
Earnings before Interest & Taxes (EBIT) - Normalized	266.5	242.8	257.0	67.6	70.5	403.1	96.4	60.1	(17.6)	115.6
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	285.8	257.5	270.0	79.9	81.1	415.1	110.1	72.6	(4.5)	128.0
Interest Expense	—	—	—	—	—	—	—	—	—	0.0
Investment Income - Insurance	114.9	137.3	246.0	67.4	74.7	83.5	92.7	46.7	(40.1)	99.0
Losses, Benefits & Adjustments - Insurance	139.5	152.8	139.1	93.6	64.2	76.4	87.2	87.2	88.2	101.7
Operating Expenses	600.7	519.2	449.7	360.3	307.4	319.4	344.1	334.8	335.2	342.8
Premiums Ceded Out & Unearned - Total	533.6	464.3	418.6	368.7	310.9	272.5	324.7	682.6	830.7	—
Selling, General & Administrative Expenses excluding Research & Development Expenses	239.8	203.6	180.9	150.2	152.1	152.0	154.4	152.4	141.7	179.6
Total Claim & Loss Expense	139.5	152.8	139.1	93.6	64.2	76.4	87.2	87.2	88.2	101.7
Underwriting Expenses - Insurance	461.1	366.4	310.6	266.6	243.2	243.0	256.9	247.6	247.0	241.1
Income before Taxes & Provision for Loan Losses	557.6	436.2	257.0	67.6	70.5	83.6	96.4	60.1	(17.6)	115.5
DPS - Common - Gross - Issue - By Payable Date Rs	0.00	0.51	0.24	0.23	0.00	0.00	0.00	0.00	0.20	0.20
DPS - Common - Gross - Issue - By Ex Date Rs	0.00	0.51	0.24	0.23	0.00	0.00	0.00	0.00	0.20	0.20
Tax Adjusted Operating Income	464.9	301.9	171.9	44.1	53.0	68.5	71.2	49.0	—	100.7
Underwriting Expenses minus Losses, Benefits & Adjustments - Insurance	321.6	213.6	171.5	173.0	179.0	166.6	169.7	160.4	158.9	139.4
Operating Expenses excluding Non-Cash Charges - Total	581.3	504.5	436.7	348.0	296.8	307.4	330.4	322.4	322.0	330.4
Premiums Earned - Total	596.6	546.5	460.7	360.5	303.1	639.0	347.8	348.2	357.7	359.4
Losses, Benefits & Adjustments - Total	139.5	152.8	139.1	93.6	64.2	76.4	87.2	87.2	88.2	101.7
Income Available to Common Shares before Depreciation & Amortization	484.3	316.6	184.9	56.4	63.6	80.5	84.9	61.4	(25.7)	113.1
Fixed Charges	—	—	—	—	—	—	—	—	—	0.0
Net Premiums Written	596.6	546.5	460.7	360.5	303.1	639.0	347.8	348.2	357.7	—
Estimated Tax Rate	0.29×	0.29×	0.29×	0.29×	0.29×	0.35×	0.30×	0.30×	0.31×	0.32×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs	0.00	0.51	0.24	0.23	0.00	0.00	0.00	0.00	0.20	0.20

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.