By Moaaz Manzoor

Pakistan Reinsurance Company Limited (PRCL) reported total investments of Rs26,396 million as of September 30, 2025, with fixed income securities comprising 66.11% of the portfolio, according to a document available with Wealth Pakistan.

Equity securities amounted to Rs8,945 million, representing 33.89% of total investments. Listed shares stood at Rs6,135 million (23.24%), mutual funds at Rs2,809 million (10.64%), while unlisted shares were reported at 0.61%.

Fixed income securities totalled Rs17,451 million (66.11%), including Pakistan Investment Bonds (PIBs) of Rs10,878 million (41.21%), Treasury Bills (T-Bills) of Rs5,034 million (19.07%) and mutual fund holdings of Rs1,539 million (5.83%).

On the performance front, total income for 9M2025 stood at Rs2.49 billion, compared with Rs3.46 billion in 2024, Rs2.40 billion in 2023, Rs1.35 billion in 2022, Rs1.00 billion in 2021 and Rs1.05 billion in 2020.

Total investments reached Rs26.39 billion in 9M2025, up from Rs23.70 billion in 2024, Rs18.31 billion in 2023, Rs12.66 billion in 2022, Rs12.56 billion in 2021 and Rs12.03 billion in 2020.

Return on average investment was recorded at 13.30% in 9M2025, compared with 16.48% in 2024, 15.51% in 2023, 10.74% in 2022, 8.14% in 2021 and 9.22% in 2020.

Investment oversight operates under a Board of Directors (BoD)-approved investment policy, followed by the Investment Committee of the Board, Management’s Investment Committee and the Investment Department.

The company’s broad investment parameters cap aggregate exposure to shares of companies at 50% of total investments, while government securities are permitted up to 100% of total investments. Exposure to shares in any one company or group of related companies is restricted to the lower of 5% of total investments or 5% of the paid-up capital of the investee company.

Units in any one open-ended mutual fund are limited to 10% of the total investment. These parameters are stated to be in accordance with the BoD-approved investment policy and Insurance Rules 2017 (14) on admissibility of assets.

The document further notes that PRCL was established as Pakistan Insurance Corporation (PIC) under the PIC Act 1952 and was converted into a public limited listed company in 2001 as Pakistan Reinsurance Company Limited (PRCL) through the Pakistan Insurance Corporation (Re-Organization) Ordinance, 2000.

The company is described as the sole reinsurance and Re-Takaful entity in the country and is currently on the Active Privatization List (APL) for potential divestment.

Credit: INP-WealthPk