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Askari General Insurance Co. Ltd (Pakistan)

Main Activities: Direct Health and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Askari General Insurance Co. Ltd Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Askari general insurance co. ltd (agico), established in October 1995, was sponsored by Army Welfare Trust (AWT), Askari Commercial Bank ltd (ACBL) and Askari Leasing Ltd (ALL). It is a public limited company, listed on all three Stock Exchanges of Pakistan i.e. Karachi, Lahore and Islamabad. The company provide general insurance products and services to all sectors of the market. The company has earned itself a reputable place among top players of insurance industry. Agico 's financial strength and rapid growth has been achieved through its policy of retaining and reinvesting a large part of the profit to strengthen the Paid Up Capital and Reserves. The company's financial position provides security to the clients and ensures progressive return to the stakeholders. Agico transacts all classes of non-life insurance business. It holds a strong position in Health Insurance and is the leader in it's expansion. The company has a large base of prestigious Pakistani and multinational clients being served through a network of 16 Branches spread all over the country.

Headquarters
3Rd Floor, Awt Plaza, The Mall
Rawalpindi; Punjab; Postal Code: 46000

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Website: http://www.agico.com.pk

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1995
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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20.08%
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2.89%
Subsidiaries
Asktech (Private) Limited
Company Performance
Financial values in the chart are available after Askari General Insurance Co. Ltd report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
4.13%
Operating profit (EBIT)
0.34%
Net Profit (Loss) for the Period
-5.62%
Total assets
41.01%
Investments
23.69%
Receivables
-5.94%
Total equity
7.62%
Net Premiums Earned Trend
-9.1%
Net Profit Trend
-3.95%
Return on Equity (ROE)
-1.43%
Loss Ratio
-3.1%
Underwriting Expenses Ratio
0.91%

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