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.