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. Ashfaq Ahmed Internal Auditor
⯈ Mr. Amir Nazar Chief Financial Officer
⯈ 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 Automobile, Tyre & Rubber
Janana De Malucho Textile Mills Ltd.
Sector
Ghandhara Atuomobiles Ltd.
Rahman Cotton Mills Ltd.
Bibojee Services (Pvt.) Ltd.
Ghandhara Industries Ltd.
Ghandhara DF (Pvt) Ltd.
Bannu Woollen Mills Ltd.
The Universal Insurance Company Ltd
Business Vision (Pvt.) Ltd.
Ghandhara Tyre & Rubber Company Ltd.
Gammon Pakistan Ltd
Insurance Sector Construction Sector
Profit / (loss) before tax
75M
50M
25M
0 (25)M
(50)M
(75)M
(100)M
(125)M
(150)M
(175)M
45
2024
(10)
2023
2022
2021
2020
(49)
(109)
(147)
r
FIVE YEARS PERFORMANCE AT A GLANCE
Net Premium
Gross Premium
2020
2021
2024 2023 2022
45
33
23 20
60M
40M
20M
0
67
75
78
80M
115
107
141
160M
140M
120M
100M
Gross Premium & Net Premium
2020
2021
2022
2023
2024
0
100M
200M
400M 371
327
300M
475
478
500M
537
600M
Investments
FIVE YEARS PERFORMANCE AT A GLANCE
(3.10)
Rs (3.00)
Rs (3.50)
(2.22)
Rs (2.50)
(1.76)
Rs (1.00)
Rs (1.50)
Rs (2.00)
2020
2021
2022
(0.10)
2024 2023
Rs 0.50
Rs -
Rs (0.50)
0.81
Rs 1.00
EPS (Rs)
2020
2021
2022
2023
2024
750M
800M
859
851
850M
900M
948
950M
986
993
1000M
1050M
Total Assets
FIVE YEARS PERFORMANCE AT A GLANCE
2021
Equity
Paid-up Capital
2020Years
2024 2023 2022
500
500
500
500
500
730
668
669
830
840
900M
800M
700M
600M
500M
400M
300M
200M
100M
0
Paid-up Capital / Equity
Profit / (loss) after Tax
35M
30M
25M
20M
15M
10M
05M
0M
(5)M
(10)M
(15)M
(20)M
31
2025
2024
(19)
NINE MONTHS PERFORMANCE AT A GLANCE (2025 & 2024)
Net Premium
Gross Premium
2024
2025
15M
10M
5M
0
14
20M
20
25M
24
40M
35M
30M
39
Gross Premium & Net Premium
Earning / (loss) per share (Rs)
Rs (0.70
Rs (0.60
Rs (0.50
Rs (0.40
Rs (0.30
Rs (0.20
Rs (0.10
Rs -Rs (0.10)
Rs (0.20)
Rs (0.30)
Rs (0.40)
0.62
2025
2024
(0.38)
NINE MONTHS PERFORMANCE AT A GLANCE (2025 & 2024)
Investments
525M
450M
489
375M 371
300M
225M
150M
75M
0
2025 2024
Total Assets
950M
900M 889
850M
848
800M
750M
700M
2025
2024
NINE MONTHS PERFORMANCE AT A GLANCE (2025 & 2024)
Paid-up Capital / Equity
800M
700M
600M
500M
400M
300M
200M
100M
0
709
649
500
500
2025 2024
Paid-up Capital Equity
VARIANCE ANALYSIS - PROFIT OR LOSS NINE MONTHS ENDED SEPTEMBER, 2025 VS 2024
DESCRIPTION | 2025 | 2024 | VARIANCE |
(Rupees in thousand ) | |||
Gross insurance premium | 39,074 | 20,482 | 18,592 |
Net insurance premium | 23,767 | 14,123 | 9,644 |
Net insurance claim expense | 21,017 | (2,302) | 23,319 |
Premium deficiency | 4,124 | (1,107) | 5,231 |
Net commission | (786) | (1,407) | 621 |
Insurance claims and acquisition costs | 24,355 | (4,816) | 29,171 |
Management expenses | (58,107) | (57,335) | (772) |
Underwriting results | (9,985) | (48,028) | 38,043 |
Investment income | 23,773 | (24,008) | 47,781 |
Rental income | 946 | 465 | 481 |
Other income | 23,655 | 54,565 | (30,910) |
Other expenses | (4,015) | (5,067) | 1,052 |
Results of operating activities | 34,374 | (22,073) | 56,447 |
Share of Profit of associates - net | - | 10,275 | (10,275) |
Profit / (loss) before taxation | 34,374 | (11,798) | 46,172 |
Taxation | (3,190) | (7,170) | 3,980 |
Profit / (loss) after taxation | 31,184 | (18,968) | 50,152 |
STRATEGIC AND
OPERATION DEVELOPMENTDISCLAIMER
This presentation shows facts and future strategy only. Implementation of future strategy is always subject to positive and favorable economic indicators of the Company.