Pakistani (KSE) Property and Casualty Insurance Industry Analysis

Industry Valuation and Performance

Has the Pakistani Property and Casualty Insurance Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 15 Jul 2026	PK₨126.9b	PK₨266.7b	PK₨22.7b	6.2x	5.6x	0.5x
Fri, 12 Jun 2026	PK₨123.3b	PK₨266.7b	PK₨22.7b	5.5x	5.4x	0.5x
Sun, 10 May 2026	PK₨123.6b	PK₨266.7b	PK₨22.7b	5.3x	5.4x	0.5x
Tue, 07 Apr 2026	PK₨108.0b	PK₨276.5b	PK₨22.6b	4.5x	4.8x	0.4x
Thu, 05 Mar 2026	PK₨112.2b	PK₨276.8b	PK₨23.1b	4.4x	4.9x	0.4x
Sat, 31 Jan 2026	PK₨128.2b	PK₨286.8b	PK₨22.6b	5.9x	5.7x	0.4x
Mon, 29 Dec 2025	PK₨115.4b	PK₨286.8b	PK₨22.6b	5.1x	5.1x	0.4x
Wed, 26 Nov 2025	PK₨118.4b	PK₨286.8b	PK₨22.6b	5.6x	5.2x	0.4x
Fri, 24 Oct 2025	PK₨122.3b	PK₨261.9b	PK₨20.3b	6x	6x	0.5x
Sun, 21 Sep 2025	PK₨118.5b	PK₨261.9b	PK₨20.3b	6.5x	5.8x	0.5x
Tue, 19 Aug 2025	PK₨112.7b	PK₨258.3b	PK₨20.4b	5.2x	5.5x	0.4x
Thu, 17 Jul 2025	PK₨113.0b	PK₨258.3b	PK₨20.4b	6.4x	5.5x	0.4x
Sat, 14 Jun 2025	PK₨92.2b	PK₨258.3b	PK₨20.4b	3.8x	4.5x	0.4x
Mon, 12 May 2025	PK₨85.9b	PK₨258.3b	PK₨20.4b	3.4x	4.2x	0.3x
Wed, 09 Apr 2025	PK₨86.9b	PK₨248.7b	PK₨18.0b	4.5x	4.8x	0.3x
Fri, 07 Mar 2025	PK₨89.3b	PK₨237.9b	PK₨16.7b	4.9x	5.4x	0.4x
Sun, 02 Feb 2025	PK₨87.9b	PK₨227.9b	PK₨18.0b	4.5x	4.9x	0.4x
Tue, 31 Dec 2024	PK₨87.9b	PK₨227.9b	PK₨18.0b	4.6x	4.9x	0.4x
Thu, 28 Nov 2024	PK₨79.0b	PK₨227.9b	PK₨18.0b	4.6x	4.4x	0.3x
Sat, 26 Oct 2024	PK₨71.5b	PK₨223.4b	PK₨19.2b	3.7x	3.7x	0.3x
Mon, 23 Sep 2024	PK₨64.8b	PK₨217.6b	PK₨19.1b	3.3x	3.4x	0.3x
Wed, 21 Aug 2024	PK₨64.4b	PK₨203.1b	PK₨15.6b	4.3x	4.1x	0.3x
Fri, 19 Jul 2024	PK₨67.5b	PK₨203.1b	PK₨15.6b	4.3x	4.3x	0.3x
Sun, 16 Jun 2024	PK₨66.3b	PK₨203.1b	PK₨15.6b	4x	4.2x	0.3x
Tue, 14 May 2024	PK₨55.7b	PK₨198.2b	PK₨14.7b	4x	3.8x	0.3x
Thu, 11 Apr 2024	PK₨54.7b	PK₨185.4b	PK₨13.4b	3.7x	4.1x	0.3x
Sat, 09 Mar 2024	PK₨56.2b	PK₨175.4b	PK₨13.2b	3.7x	4.3x	0.3x
Mon, 05 Feb 2024	PK₨66.7b	PK₨168.1b	PK₨11.6b	4.1x	5.8x	0.4x
Wed, 03 Jan 2024	PK₨67.5b	PK₨168.1b	PK₨11.6b	4.1x	5.8x	0.4x
Fri, 01 Dec 2023	PK₨65.2b	PK₨168.1b	PK₨11.6b	3.8x	5.6x	0.4x
Sun, 29 Oct 2023	PK₨64.3b	PK₨154.4b	PK₨8.1b	4.2x	7.9x	0.4x
Tue, 26 Sep 2023	PK₨58.0b	PK₨148.4b	PK₨7.8b	4.5x	7.4x	0.4x
Thu, 24 Aug 2023	PK₨60.6b	PK₨139.6b	PK₨7.6b	6x	8x	0.4x
Sat, 22 Jul 2023	PK₨58.9b	PK₨139.6b	PK₨7.6b	4.5x	7.8x	0.4x

Current Industry PE

Investors are relatively neutral on the Pakistani Property and Casualty Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 5.2x.

The industry is trading close to its 3-year average PS ratio of 0.38x.

Past Earnings Growth

The earnings for companies in the Property and Casualty Insurance industry have grown 44% per year over the last three years.
Revenues for these companies have grown 24% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Pakistani Property and Casualty Insurance compare with similar industries?


PK Market	-6.13%
Financials	-6.70%
Insurance	-3.20%
Property and Casualty Insurance	-1.21%
Life and Health Insurance	-4.40%
General Insurance	-7.37%
Reinsurance	-10.70%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
TPLI TPL Insurance	PK₨54.74	60.3% +PK₨4.1b	557.1%	PE281.1x
SHNI Shaheen Insurance	PK₨9.50	23.2% +PK₨187.6m	4.3%	PE6.4x
AGIC Askari General Insurance	PK₨42.00	2.5% +PK₨101.7m	-4.7%	PE6x
ATIL Atlas Insurance	PK₨75.50	0.6% +PK₨62.8m	-19.7%	PE4.9x
CENI Century Insurance	PK₨53.88	0.6% +PK₨17.7m	10.9%	PE6.5x

Jazz International Holding Limited completed the acquisition of 69.75% stake in TPL Insurance Limited (KASE:TPLI) from TPL Corp Limited (KASE:TPL).

Jazz International Holding Limited expressed its intention to acquire 69.75% stake in TPL Insurance Limited (KASE:TPLI) from TPL Corp Limited (KASE:TPL) for PKR 4.2 billion on September 4, 2025. As of March 5, 2026, Jazz International Holding Limited has entered into a Share Purchase Agreement to acquire 69.66% stake in TPL Insurance Limited (KASE:TPLI) from TPL Corp Limited and control of, TPL Insurance Limited. In a related transaction, TPL Corp Limited will acquire approximately a 32% stake in TPL Insurance Limited from DEG and Finnfund and will subsequently sell a portion of this stake through the transaction. On September 8, 2025, the transaction has been approved by the board of TPL Corp Limited. As of December 17, 2025, The board of directors of TPL Corp Limited has granted final approval for the transaction and approved entering into a share purchase agreement the completion remain subject to obtaining all requisite approvals under applicable laws. As of February 11, 2026, the Securities and Exchange Commission of Pakistan (SECP) has approved the acquisition of a controlling stake in TPL Insurance Limited by Jazz International Holding Limited. This partnership between a digital insurer and a major digital operator is expected to increase insurance penetration and foreign investment. The SECP's facilitation of this deal aligns with the goals to foster a transparent, efficient, and investor-friendly environment that encourages both domestic and will bring foreign investment. The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, consummation of due diligence investigation and definitive agreement. As of March 6, 2026, the completion of the transaction remains subject to satisfaction of certain conditions, including obtaining of requisite regulatory approvals and satisfaction of the public offer process by the Acquirer under the terms of the Securities Act, 2015. the transaction is expected to close in mid-2026. As of March 8, 2026, the transaction remains subject to clearance from the Competition Commission of Pakistan (CCP) and is expected to close during Q2 2026. As of April 14, 2026 VEON Ltd. a global digital operator, today announced that the Competition Commission of Pakistan (“CCP”) has authorized the acquisition of TPL Insurance Limited (“TPL Insurance”) by its subsidiary Jazz International Holding Limited. The transaction remains subject to customary closing conditions and is expected to close in mid-2026. Arif Habib Limited acted as financial advisor for Jazz International Holding Limited. Jazz International Holding Limited completed the acquisition of 69.75% stake in TPL Insurance Limited (KASE:TPLI) from TPL Corp Limited (KASE:TPL) on July 14, 2026.

Pakistani (KSE) Property and Casualty Insurance Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Jazz International Holding Limited completed the acquisition of 69.75% stake in TPL Insurance Limited (KASE:TPLI) from TPL Corp Limited (KASE:TPL).

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 18%

Now 22% overvalued after recent price rise

Now 25% overvalued after recent price rise

Investor sentiment improves as stock rises 18%

New major risk - Earnings quality

First quarter 2026 earnings released: EPS: PK₨0.59 (vs PK₨0.71 in 1Q 2025)

First quarter 2026 earnings released: PK₨0.27 loss per share (vs PK₨0.11 profit in 1Q 2025)

First quarter 2026 earnings released: EPS: PK₨1.11 (vs PK₨0.97 in 1Q 2025)

First quarter 2026 earnings released: EPS: PK₨3.62 (vs PK₨2.20 in 1Q 2025)

Adamjee Insurance Company Limited to Report Q1, 2026 Results on Apr 28, 2026