INSURANCE / TAKAFUL

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Sep 19 - 25, 2011

THE INSURANCE COMPANIES IN PAKISTAN "Rs in 000"

  PREMIUM CLAIMS EXPENSES INCOME
NAME OF COMPANIES PREMIUM WRITTEN NET PREMIUM REVENUE NET CLAIMS NET COMMISSION MANAGEMENT & G&A EXPENSES INVESTMENT
1 Adamjee Insurance 2,419,453 1,681,675 1,139,352 100,794 364,338 198,484
2 Agro Gen. Ins. Co. N/A N/A N/A N/A N/A N/A
3 Alfalah Ins. Co 259,782 91,133 65,485 16,332 40,463 19,350
4 Alpha Insurance 39,603 18,603 11,267 1,530 13,497 10,827
5 Asia Insurance 11,839 6,759 4,079 1,807 6,735 5,663
6 Askari Gen. Insc. 291,811 143,824 83,263 (5,646) 59,683 13,173
7 Atlas Insurance 268,835 133,999 51,445 16,006 52,615 39,338
8 Capital Insurance - - - - - -
9 Central Insurance (12,159) 657 229 1,702 27,631 201,783
10 Century Insurance 121,866 56,721 17,704 2,572 33,343 15,712
11 Cooperative Ins. 2,793 1,416 93 338 2,226 602
12 Crescent Star 17,838 15,793 5,223 1,637 11,330 (345)
13 East West Insc. 152,939 86,758 36,582 14,035 34,117 5,985
14 EFU Gen. Ins. Ltd. 2,980,827 1,522,695 946,688 145,279 381,539 29,905
15 Excel Insurance 1,081 1,677 855 616 2,613 27,527
16 Habib Insurance 194,303 101,002 53,591 2,158 40,163 26,789
17 IGI Insurance 549,293 216,600 112,816 21,032 108,716 228,570
18 New Hampshire Ins. 375,023 91,852 70,011 (10,065) 78,150 43,295
19 New Jubilee Ins. 1,831,129 663,062 394,381 58,689 164,234 127,707
20 Pakistan Gen. Ins. 81,795 36,861 10,938 3,930 19,389 1,487
21 PICIC Insurance 124,902 51,259 26,388 (11,318) 31,628 5,867
22 Premier Ins. ** 150,468 103,724 45,525 9,899 53,050 43,999
23 Reliance Insurance 119,311 58,500 20,972 9,186 28,396 11,689
24 Saudi Pak Ins. 46,493 17,817 8,319 398 16,752 997
25 Security Gen. Insc. 101,276 35,155 10,424 (3,802) 20,287 116,505
26 Shaheen Insurance 163,114 116,074 62,193 15,504 36,620 6,339
27 Silver Star Insc. 67,756 80,008 10,672 15,936 20,249 (55)
28 TPL Direct Ins. 123,884 103,913 43,484 10,572 47,440 601
29 UBL Insurer 225,230 62,500 44,328 10,204 38,996 17,154
30 United Ins. 223,082 170,875 64,849 3,385 67,572 4,835
31 Universal Ins. 106,991 69,718 34,064 10,539 46,716 1,989
Note: Information of three months ended on 31st March 2011-non life members

BUSINESS PERFORMANCE DURING 2008

GENERAL TAKAFUL

SEGMENT GROSS CONTRIBUTION RUPEES
Fire 11,445,609
Marine 5,857,882
Motor 64,526,347
Miscellaneous 4,591,137
Total 86,420,975

BUSINESS PERFORMANCE DURING 2008

FAMILY TAKAFUL

SEGMENT GROSS CONTRIBUTION RUPEES
Individual Family 95,626,167
Group Family 52,563,525
Group Health 21,988,886
Total 170,178,578

CLASS WISE BUSINESS OF TAKAFUL & INSURANCE INDUSTRY

CLASSES 2007 (%) 2006 (%)
Fire 33.08 31.56
Marine 14.37 15.17
Motor 37.55 39.98
Misc. 15.00 13.29
Grand Total 100.00 100.00

KEY INFORMATION OF LIFE INSURANCE COMPANIES (RS IN "000")

NAME OF COMPANIES TOTAL GROSS PREMIUM TOTAL NET PREMIUM NET CLAIMS TOTAL GROSS ACQ. COST GROSS ADMIN EXPENSE COMMISSION FROM REINSURERS
1 Adamjee Life 92,507 83,241 8,528 49,396 34,615 89
2 ALICO 825,217 802,736 135,676 126,435 59,342 5,105
3 Asia Care Health 36,321 36,321 43,371 3,151 15,635 -
4 East West Life 84,340 64,082 29,255 8,215 9,689 1,563
5 EFU Life 2,421,301 2,259,511 586,644 683,230 108,603 -
6 NJI Life 1,894,331 1,710,637 429,465 478,114 97,761 -
Note: Information of three months ended on 31st March 2011- life members

LIFE INSURANCE COMPANIES DURING 2010 (RS IN "000")

NAME OF COMPANIES

TOTAL GROSS PREMIUM TOTAL NET PREMIUM NET CLAIMS TOTAL GROSS ACQ. COST GROSS ADMIN EXPENSE COMMISSION FROM REINSURERS
1 Adamjee Life 267,137 215,489 16,178 127,466 144,743 -348
2 ALICO 1,893,849 1,806,525 442,406 481,157 232,295 -18,958
3 Asia Care Health 154,948 153,560 153,158 6,334 72,263 0
4 East West Life 250,054 183,761 109,357 42,769 42,874 4,951
5 EFU Life 8,375,515 7,920,022 1,837,151 2,566,929 398,413 -12,790
6 NJI Life 5,802,439 5,451,804 1,661,786 1,680,724 364,562 27,549
Total 16,743,942 15,731,161 4,220,036 4,905,379 1,255,150 404
Note: life members

TAKAFUL COMPANIES IN PAKISTAN (RS IN "000")

YEAR NET PREMIUM GROSS PREMIUM
2006 77,726 128,969
2007 211,708 265,262
2008 469,924 799,922
2009 1,160,331 1,463,608