Habib Insurance Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

Habib Insurance Company Limited is a Pakistan-based company, which is engaged in general insurance business. The Company’s segments include Fire and property, Marine and transport, Motor, Group hospitalization and other classes. Fire and property segment includes the perils covered under fire insurance include damages caused by fire, riot and strike, explosion, earthquake, atmospheric damage, flood, electric fluctuation, impact and other coverage. Marine and transport segment provides coverage against cargo risk, war risk and damages occurring in inland transit. Motor segment provides comprehensive car coverage and indemnity against third party loss. Group hospitalization segment provides cover to compensate personal accident, hospitalization and outpatient medical coverage to the insured. Other classes segment includes mainly bankers blanket bond, liability, engineering and others.