Habib Insurance : Presentation of Corporate Briefing Session of Habib Insurance Company Limited
November 14, 2023 at 08:39 am EST
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Habib Insurance Company Limited
Corporate Briefing Session
Wednesday, November 15, 2023
Brief Overview
Habib Insurance is one of the oldest insurance companies in Pakistan.
It was established in Bombay in 1942 and moved its Head Office to Karachi in 1947.
Over the years, the company has continued to prosper, serving its honorable clientele by maintaining a culture of integrity & trust. Habib Insurance offers a range of general/ takaful insurance services including Property, Marine, Motor, Engineering, Travel & Miscellaneous.
The Company celebrated its 75 years in 2017 and is one of the oldest running businesses of the Habib Group.
Management Information
Board of Directors
Chairman
:
Rafiq M. Habib
Directors
:
Mansoor G. Habib
:
Muhammad Hyder Habib
:
Qumail R. Habib
:
Aun Mohammad A. Habib
:
Shahid Ghaffar
:
Ali Fadoo
:
Maleeha Humayun Bangash
:
Shabbir Gulamali
Chief Executive
:
Syed Ather Abbas
Chief Financial Officer
:
Murtaza Hussain
Company Secretary
:
Muhammad Maaz Akbar
Auditors
:
Grant Thornton Anjum Rahman., Chartered Accountants
Credit Rating
Rating Agency : PACRA
Date of Rating: DecemberRating Agency 09, 2022
Rating: A++(ifs)
Outlook: Stable
Our Products
Property
Marine
Motor
Engineering
Travel
Accident &
Miscellaneous
Awards and Recognitions
Twelve times 'Top 25 Companies Award' by Pakistan Stock Exchange (Former Karachi Stock Exchange) including for eight consecutive years from 1979 to 1986 and for the years 1993, 1995, 1997 and 2014.
HICL - Performance Overview
Particulars
9M 2023
9M 2022
YoY
Net Insurance Premium
1,157.8
907.3
28%
Net Insurance Claim
(739.8)
(465.3)
59%
Reversal of Premium deficiency
5.2
6.3
-17%
Net Commission (Expense)/ Income
(44.5)
40.5
-210%
Management Expenses
(560.3)
(450.7)
24%
Underwriting (Loss)/ Profit
(181.6)
38.2
-575%
Investment & other Income
245.4
80.4
205%
Other Expenses
(11.5)
(8.2)
40%
Results of operating activities
52.3
110.4
-53%
Financial costs
(6.5)
(3.0)
117%
Profit before tax from General Insurance Operations
45.8
107.4
-57%
Profit before tax from Window Takaful Operations - Operator's Fund
62.6
4.5
1291%
Profit before tax
108.5
111.9
-3%
Profit after tax
74.9
81.2
-8%
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Business Review
Gross Written Premium / Contribution (Rs in Mn)
3,022
2,702
2,295
1,7061,805
1,345
1,163
2017
2018
2019
2020
2021
2022
9M 2023
2,000
1,500
1,000
500
0
6,000
4,000
2,000
0
Business Review
Equity (Rs in Mn)
1,436
1,339
1,249
1,300
1,255
1,168
1,176
2017201820192020202120229M 2023
Assets (Rs in Mn)
4,544
5,139
4,018
4,194
3,276
3,282
3,641
2017
2018
2019
2020
2021
2022
9MCY23
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Disclaimer
Habib Insurance Company Ltd. published this content on 14 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 13:37:56 UTC.
Habib Insurance Company Limited is a Pakistan-based company, which is engaged in general insurance business. The Companyâs 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.
HABIB INSURANCE COMPANY LIMITED 
