Picic Insurance Ltd. reported unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net premium revenue of PKR 18,824,000 compared to PKR 63,194,000 a year ago. Underwriting loss was PKR 15,004,000 compared to underwriting results of PKR 7,730,000 a year ago. Net investment income was PKR 401,000 compared to PKR 3,241,000 a year ago. Loss before taxation was PKR 9,198,000 compared to profit before taxation of PKR 2,489,000 a year ago. Loss after taxation was PKR 9,170,000 compared to profit after taxation of PKR 2,159,000 a year ago. For the six months, the company reported net premium revenue of PKR 58,801,000 compared to PKR 157,783,000 a year ago. Underwriting loss was PKR 3,083,000 compared to underwriting results of PKR 36,916,000 a year ago. Net investment income was PKR 193,000 compared to PKR 167,000 a year ago. Loss before taxation was PKR 28,999,000 compared to PKR 2,913,000 a year ago. Loss after taxation was PKR 28,999,000 or PKR 0.83 per basic and diluted share compared to PKR 3,271,000 or PKR 0.09 per basic and diluted share a year ago.