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Pakistan Reinsurance Company Limited (Pakistan)

Main Activities: Reinsurance Carriers
Full name: Pakistan Reinsurance Company Limited Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

org is a public sector company that operates in the insurance and reinsurance industry, offering comprehensive insurance, reinsurance, financial, and business services. The company specializes in providing reinsurance support in the marine and aviation sectors, catering to both local and foreign insurance companies. org also manages the National Insurance Fund, National Coinsurance Scheme, War Risks Insurance, and Export Credit Guarantee Scheme. The company's main business activities include providing reinsurance capacity and risk management advice. Additionally, org offers space for rent at PRC Towers, a fourteen-storied building located in Karachi.

Headquarters
Prc Towers, 32-A, Lalazar Drive, M.T. Khan Road, P.O. Box: 4777
Karachi; Sindh; Postal Code: 74000

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Website: http://www.pakre.org.pk

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1952
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
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Chief Financial Officer
Ownership Details
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51%
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24.41%
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15.93%
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5.19%
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2.08%
Subsidiaries
Towellers Limited
0.76%
Philip Morris (Pakistan) Limited
0.02%
Asia Insurance Company Limited
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
11.14%
Operating profit (EBIT)
60.13%
Net Profit (Loss) for the Period
35.02%
Total assets
23.12%
Investments
36.5%
Receivables
-27.42%
Total equity
28.34%
Net Premiums Earned Trend
-9.81%
Net Profit Trend
19.55%
Return on Equity (ROE)
0.44%
Loss Ratio
13.47%
Underwriting Expenses Ratio
14.14%

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