Premier Insurance : Transmission of Annual Report for the Year Ended 2021-12-31

Statement of compliance with the Code of Corporate Governance for Insurers, 2016

Company Information

Vision/ Mission StatementCore Values Company Information

Our JourneyBoard of Directors 07

Investor Information

Key Operating and Financial Data 08

Corporate Governance

Chairman's Review 09

Report of the Directors to MembersReview Report on the Statement of Compliance with Code of Corporate

Governance

Financial Statements

Auditors' Report to the Members Statement of Financial Position

Statement of Profit and Loss Statement of Comprehensive Income

Statement of Changes in Equity

Statement of Cashflows

Notes to and Forming Parts of the

Financial Statements

02

03 04 06

11 18

21

22

28

29

30

31

32

34

Vision

Statement

Our vision is to be the first choice company for all stakeholders, while achieving the stature of the market leader in the general insurance industry of Pakistan.

Mission

Statement

Our mission is to be a professionally managed and financially sound, top general insurance company. Premier Insurance strives to work in the interest of all stakeholders including our clients, employees, reinsurers, shareholders and the nation.

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Annual Report 2021

Core

Values

Premier Insurance guarantees that it remains Pakistan's first choice insurer by hiring highly competent, intelligent and skilled management to be able to best facilitate our clients' needs.

Our clients deserve the best service.

ProfessionalismIntegrity

Premier Insurance upholds its integrity by being upright, honest and candid in all its dealings. With integrity, we foster trust by our clients in the company.

Empathy

We are in the business of providing security because we understand our clients' apprehension when their valuable assets are at risk. With empathy, we are able to not only provide professional service but personalised service because we understand you.

Tradition

Premier Insurance is Pakistan's first insurer and we have a long and proud tradition of promptly settling claims and providing exemplary service since 1952. The company was conceived for the service of the nation and till today we stand steadfastly by our founding principles which has helped us develop relationships lasting generations.

Annual Report 2021 3