Business
Century Insurance : TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Century Insurance : TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER
About this update from Century Insurance Co., Ltd.
[{"type":"text","content":"Century Insurance Company Limited\n YOUR TRUST\n OUR ASSURANCE\n ANNUAL REPORT 2024\n Century Insurance at a Glance\n • Century Insurance is a Lakson Group Company.\n • Operating since 1989, dealing in all areas of general insurance and takaful business.\n • One of the premier general insurance companies of Pakistan.\n • Rated \"AA\" with a stable outlook by VIS Credit Rating Company Limited, signifying a 'very strong capacity to meet policyholders' and contractual obligations.\n • Total equity in excess of Rs. 3.2 billion.\n • Twice awarded 'Top 25 Companies Award' by the Karachi Stock Exchange.\n • Very strong reinsurance treaty arrangements with highly rated international reinsurers.\n • Broad client base consisting of individuals as well as some of the most prestigious local and multinational companies.\n Contents\n 02 Vision and Mission\n 04 Corporate Information\n 06 Products and Services\n 13 Core Values\n 14 Code of Conduct\n 16 Notice of Annual General Meeting\n 22 Corporate Calendar\n 23 Access to Reports and Enquiries\n 24 Organisation Chart\n 25 Performance Highlights\n 26 Horizontal and Vertical Analysis\n 28 Share Price & Volume Analysis\n 29 Chairman's Review Report\n 36 Chairman's Review Report (Urdu)\n 37 Directors' Report\n 44 Directors' Report (Urdu)\n 45 Board Committees\n 48 Management Committees\n 49 Pattern of Shareholding\n 51 Key Operating and Financial Data\n 52 DuPont Analysis\n 53 Gender Pay Gap\n 55 Statement of Value Addition\n 56 Statement of Compliance with the Code of Corporate Governance\n 60 Shariah Advisor's Review Report to the Board of Directors\n 62 Independent Auditor's Review Report on Statement of Compliance contained in Listed Companies (Code of Corporate Governance)\n Regulations, 2019\n 63 Statement of Compliance with the Shariah Principles\n 64 Independent Reasonable Assurance Report on Compliance with the Shariah Principles\n Financial Statements\n 68 Independent Auditor's Report to the Members of Century Insurance Company Limited on the Audit of the Financial Statements\n 74 Financial Statements\n Window Takaful Operations - Financial Statements\n 128 Independent Auditor's Report to the Members of Century Insurance\n Company Limited - Window Takaful Operations on the Audit of the Financial Statements\n 131 Financial Statements Form of Proxy\n Ballot Paper for Voting through Pos...