Century Insurance : CORPORATE BRIEFING SESSION

CORPORATE BRIEFING SESSION

17th May 2024.

Century Insurance - Corporate Briefing Session

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Company Profile

Century Insurance - Corporate Briefing Session

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Company Profile

Background:

• Incorporated in 1985; a Lakson Group company.
• Listed on the Pakistan Stock Exchange. Stock symbol is CENI
• Engages in General Insurance and Takaful business.
• Registered office is situated at Lakson Square Building No. 2, Sarwar Shaheed Road, Karachi.

Credit Rating:

• VIS credit rating agency has harmonized the IFS credit rating of Century Insurance at
  'AA(IFS)' (Double A IFS). The rating denotes very strong capacity to meet policy holders' and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.

Common Insurance Products:

• Property Insurance
• Marine Insurance
• Motor Insurance
• Health & Accident Insurance
• Engineering Insurance
• Machinery Breakdown Insurance

• Business Interruption Insurance
• Crop and Livestock Insurance
• Travel Insurance
• Cash on Premises and in transit Insurance
• Liability Insurances
• Employee Infidelity Insurance
• Directors' and Officers' Liability Insurance

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Company Profile

Re-insurance Partners:

• SCOR Re - Rated A+ by S & P
• Korean Re - Rated A by S & P
• Labuan Re - Rated A- by A.M. Best
• Peak Re - Rated A- by A.M. Best
• Pakistan Reinsurance Co. Ltd. - Rated AA+ by VIS

Re-takaful Partners:

• Labuan Re - Rated A- by A.M. Best
• Saudi Re - Rated A- by S & P
• Kenya Re - Rated B by A.M. Best
• Pakistan Reinsurance Co. Ltd. - Rated AA+ by VIS

Branch Network:

• Karachi
• Lahore
• Islamabad
• Faisalabad
• Sialkot
• Gujranwala
• Multan

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Century Insurance - Corporate Briefing Session

ABOUT LAKSON GROUP

Century Insurance - Corporate Briefing Session

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Introduction

The Lakson Group was established in 1954. Today, the group comprises of companies that are industry leaders in their respective sectors including internet services, FMCGs, fast food restaurants, general insurance, asset management, media, paper and board, printing and packaging, aviation & travel, surgical instruments, technology (data-networking, BPO and software) and digital payment platforms.

With assets exceeding USD 1.05 Billion and 15+ companies in Pakistan, the Lakson Group provides direct employment to more than 17,000 persons.

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Lakson Group Presence:

• Financial Sector:
• • Lakson Investments
  • Naya Pay (Pvt.) Limited
  • Century Insurance
• FMCG:
• • Colgate-Palmolive(Pakistan) Limited
• Media:
• • Express News
  • The Express Tribune
  • The Daily Express
  • Express Entertainment
• Aviation & Travel:
• • Fly Jinnah
  • Princeton Travels
• Surgical:
• • Accuray Surgicals Limited

• Technology:
• • Cyber Internet Pvt. Limited
  • • Stromfiber
    • Rapid Compute
  • Sybrid Pvt Limited
  • Lakson Business Solutions
  • ICE Animations
• Paper, Board & Printing:
• • Century Paper & Board Mills Limited
  • Merit Packaging Limited
• Food & Restaurants:
• • McDonald's Pakistan
  • Ajinomoto Lakson Pakistan Pvt. Ltd.
• Philanthropy:
• • Hasanali & Gulbano Lakhani Foundation

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International Alliances

Colgate-Palmolive Inc. USA

(Joint Venture)

McDonald's Corporation, USA

(Franchise)

Ajinomoto-Co, Inc. (Japan)

(Joint Venture)

International New York Times, USA

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Financial Performance

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