⚡ Flash Summary

The United Insurance Company of Pakistan Limited reported its financial results for the third quarter ended September 30, 2025. There was no cash dividend, bonus shares, or right shares declared for the quarter. The un-audited financial results are attached as Annexure ‘A’. The quarterly report will be transmitted through PUCARS and made available on the company’s website.

📌 Key Takeaways

• 📢 No cash dividend was declared for the quarter ended September 30, 2025.
• 🎁 No bonus shares were announced.
• 🚫 No right shares were issued.
• 📜 The un-audited financial results are available as Annexure ‘A’.
• 🌐 The quarterly report will be available on the company’s website: www.theunitedinsurance.com.
• 📊 Net insurance premium decreased from PKR 1,021.11 million to PKR 998.26 million for the three months ended Sept 30, 2025.
• 📉 Underwriting results decreased from PKR 198.56 million to PKR 52.96 million for the three months ended Sept 30, 2025.
• 💰 Investment income decreased from PKR 33.76 million to PKR 28.34 million for the three months ended Sept 30, 2025.
• 💸 Profit for the period decreased from PKR 277.68 million to PKR 183.77 million for the three months ended Sept 30, 2025.
• EPS decreased from PKR 0.73 to PKR 0.48 for the three months ended Sept 30, 2025.
• 📈 For the nine months ended Sept 30, 2025, net insurance premium increased from PKR 2,886.12 million to PKR 3,123.64 million.
• 📈 Underwriting results increased from PKR 1,055.36 million to PKR 1,180.95 million for the nine months ended Sept 30, 2025.
• 📉 Investment income decreased from PKR 78.43 million to PKR -257.93 million for the nine months ended Sept 30, 2025.
• 📉 Profit for the period decreased from PKR 959.60 million to PKR 812.42 million for the nine months ended Sept 30, 2025.
• 📉 EPS decreased from PKR 2.52 to PKR 2.13 for the nine months ended Sept 30, 2025.

🎯 Investment Thesis

Based on the analysis, a HOLD recommendation is appropriate. The company’s mixed financial performance, with decreases in profit and EPS, suggests caution. A price target cannot be accurately determined without more in-depth analysis and sector comparison, but the current results indicate potential downward pressure on the company’s valuation. Time horizon is medium-term, pending further financial performance.