COMPANY OVERVIEW
The Universal Insurance Company Limited - a part of Bibojee Group of Companies was established by an eminent industrialist the late Lt. Gen. (R) M. Habibullah Khan Khattak.
This Company entered into insurance market in 1960. Bibojee Services (Pvt.) Limited holds 86 % of ordinary shares of the Company. The Company's principal activity is underwriting non-life insurance business.
Pakistan Credit Rating Agency (PACRA) has assigned Insurer Financial Strength (IFS) rating of "A" with stable outlook which denotes a very strong capacity to meet policyholders' and contracts obligations.
The company is protected through its renowned re-insurer like:
- Pakistan Re-Insurance Company
VISION
We, at Universal Insurance Company Limited recognize the importance of satisfying our customers by consistently providing quality insurance service in accordance with their needs and expectations. We strive to be competent partner of our customers against insured perils.
MISSION
We strive to provide our customers cost effective insurance cover by continually increasing the productivity of our employees. To increase productivity, we conduct regular training programs during which employees are assessed and allocated a career path in accordance with their performance.
We diligently follow the applicable laws, ensure strict compliance by conducting regular internal audits and educating our employees about the law.
We try to improve our services by continually assessing our systems and procedures bases on customers and team feedback. We strive to maintain a customer focused approach by ensuring that our service is delivered to the customers on time, according to the customers required specifications and with in our stipulated cost.
SERVICES
- Fire & Property Insurance
- Marine Insurance
- Motor Insurance
- Miscellaneous and Health Insurance
BOARD OF DIRECTORS
Lt. Gen (R)Ali Kuli Khan Khattak | Chairman |
Dr. Shahin Kuli Khan Khattak | Chief Executive |
Mr. Ahmed Kuli Khan Khattak | |
Mrs. Shahnaz Sajjad Ahmed | |
Mr. Khalid Kuli Khan Khattak | |
Wing Commd. (R) Javaid Ahmad Afzal | Independent |
Dr. Hassan Iqbal | Independent |
MANAGEMENT TEAM/ HEAD OF DEPT.
Mr. Amir Raza | Principal Officer |
Mr. Abdul Waheed Ch | Chief Financial Officer |
Mr. Ashfaq Ahmed | Internal Auditor |
Mr. Liaqat Ali Shaukat | Company Secretary |
Mr. Aftab Rashid | Head of IT Dept. |
Mr. Muhammad Alyas | Head of Re-Insurance |
BIBOJEE GROUP INFORMATION
Textile Sector
Janana De
Malucho
Textile Mills
Ltd.
Rahman
Cotton
Mills Ltd.
Bannu
Woollen
Mills Ltd.
Bibojee Services
(Pvt.) Ltd.
The | |
Universal | Gammon |
Insurance | |
Pakistan | |
Company | |
Ltd | |
Ltd | |
Automobile, Tyre & Rubber
Sector
Ghandhara
Atuomobiles
Ltd.
Ghandhara
Industries
Ltd.
Ghandhara
Tyre &
Rubber
Company
Ltd.
Insurance Sector | Construction Sector |
FIVE YEARS PERFORMANCE AT A GLANCE
160M
140M
120M
100M
80M
60M
40M
20M
0
Gross Premium & Net Premium
141 | 139 | |||
107 | 115 | |||
78 | 75 | 67 | 68 | 64 |
33
2022 | 2021 | 2020 | 2019 | 2018 |
Gross Premium | Net Premium |
Profit / (loss) before tax | |||||
75M | |||||
50M | 45 | ||||
25M | 4 | 19 | |||
0 | |||||
(25)M | 2022 | 2021 | 2020 | 2019 | 2018 |
(50)M | |||||
(75)M | |||||
(100)M | |||||
(125)M | (109) | ||||
(150)M | (147) | ||||
(175)M | |||||
(Loss) / profit before tax |
FIVE YEARS PERFORMANCE AT A GLANCE
Rs 1.00
Rs 0.50
Rs -
Rs (0.50)
Rs (1.00)
Rs (1.50)
Rs (2.00)
Rs (2.50)
EPS (Rs)
0.81
0.32
0.05
2022 2021 2020 2019 2018
(1.76)
(2.22)
Investments | |||||
600M | 537 | ||||
500M | 478 | 475 | 440 | 443 | |
400M | |||||
300M | |||||
200M | |||||
100M | |||||
0 | |||||
2022 | 2021 | 2020 | 2019 | 2018 | |
Investment |
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Disclaimer
Universal Insurance Co Ltd. published this content on 19 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2023 10:13:30 UTC.