Pakistan Reinsurance Co.
PPSX:PAKRI15.91
PKR
-0.47
(-2.87%)
ISIN
PK0004101017
Return %
Stock
S&P 500
1Y
-10.52
14.20
3Y
152.54
81.12
5Y
108.06
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Muhammad Junaid Moti
- Full Time Employees
- 156
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Karachi Pakistan
- IPO Date
- Oct 13, 1988
- Website
- pakre.org.pk
- Similar Companies
- Business
- Pakistan Reinsurance Company Limited (PRCL) is a state-owned reinsurance enterprise that provides comprehensive reinsurance underwriting and risk-management solutions to the general insurance industry in Pakistan. The company operates as the sole national reinsurer in the country, functioning under the administrative oversight of the Ministry of Commerce of the Government of Pakistan. PRCL underwrites both treaty and facultative reinsurance business across multiple specialized divisions. Its core portfolio of products and services comprises Fire Reinsurance, offering coverage for commercial, industrial, and residential properties, warehouse stock, machinery, and agricultural crop risks against fire and allied perils; Marine Cargo and Hull Reinsurance, covering ocean and inland transit, marine cargo transported via sea, air, rail, and road, vessel hull and machinery, and ship-breaking liabilities; Engineering Reinsurance, encompassing contractor all risks (CAR), erection all risks (EAR), machinery breakdown, boiler explosion, advance loss of profits, electronic equipment, and civil engineering completed risks for public and private infrastructure and power generation projects; Aviation and Aerospace Reinsurance, providing hull, spare parts, cargo, crew, passenger liability, airport owners liability, and aviation war risk coverages for national and commercial carriers; Accident and Miscellaneous Reinsurance, covering motor vehicle insurance, workmen's compensation, employers liability, public and products liability, fidelity guarantee, burglary, cash-in-transit, personal accident, professional indemnity, and livestock insurance; Treaty Reinsurance, structuring proportional (quota share and surplus) and non-proportional (excess of loss and stop loss) treaty facilities for domestic insurance companies; and Window Retakaful Operations (WRO), providing Shariah-compliant general retakaful solutions through a dedicated Participants' Retakaful Fund across fire, marine, engineering, aviation, and accident classes. In addition to commercial underwriting, the company administers government-mandated insurance schemes and provides risk coverage for major strategic assets, including hydel and nuclear power plants, oil refineries, and oil and gas exploration assets. In recent developments, PRCL has maintained strong operational performance and capital health, with VIS Credit Rating Company Limited reaffirming the company's Insurer Financial Strength (IFS) rating at 'AA+' (Double A Plus) with a Stable outlook, reflecting its sovereign-backed market position, high liquidity, and robust claim-paying ability. The company has expanded its Window Retakaful business segment to capture increasing demand for Islamic insurance products and has undertaken digital transformation initiatives to modernize its underwriting workflows, enterprise resource planning, and claims administration systems. PRCL has also undergone key corporate governance and executive leadership enhancements, alongside continuous evaluations under the Government of Pakistan's State-Owned Enterprise (SOE) policy framework regarding capital optimization and proposed minority equity divestment. Originally established in 1952 as the Pakistan Insurance Corporation (PIC) under the Pakistan Insurance Corporation Act and subsequently incorporated as a public limited company in 2000, Pakistan Reinsurance Company Limited is headquartered in Karachi, Pakistan, and is listed on the Pakistan Stock Exchange under the ticker symbol PAKRI.