Askari Life Assurance Company Limited (ALAC) reported earnings per share of PKR 0.84 for CY25, compared to earnings per share of PKR 0.10 in FY24. Furthermore, in 1QCY26, the company reported earnings per share of PKR 0.09, compared to loss per share of PKR 0.01 in the same period last year (SPLY).
The company has a paid up capital of PKR 1.5 billion and an authorized capital of PKR 3 billion. Total gross premium reached PKR 3.2 billion in 2025. The company paid gross claims amounting to PKR 836 million during 2025. The portfolio remains heavily tilted toward Takaful, which accounts for 77% of the business, including 73% from Individual Takaful and 4% from Group Takaful, while conventional insurance contributes the remaining 23%.
While maintaining a large dedicated agency force, the company has also secured major Bancassurance partnerships with UBL and Askari Bank. The investment portfolio generated a yield of approximately 11% to 12% in 2025. While the portfolio was previously concentrated in government securities, the company diversified into listed securities during 2025 to remain competitive with broader market returns.
As per the Insurance Ordinance, companies are required to maintain approximately 40% of their portfolio in government or approved securities, including 30% specifically in government securities and 10% in approved fixed income instruments. In addition, 10% of paid up capital must be maintained as a statutory deposit with the State Bank of Pakistan. The portfolio is managed through an Actuarial Liability Management framework.
For the Islamic portfolio, longer tenor GOP Sukuks with maturities ranging from five to ten years are primarily floating rate instruments, which helps mitigate interest rate risk as pricing adjusts with market movements. In contrast, short term securities with one year maturities are generally fixed rate in nature.
Important Disclosures
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