PICIC Insurance Limited
PPSX:PIL4.75
PKR
-0.04
(-0.84%)
ISIN
PK0086701015
Return %
Stock
S&P 500
1Y
-17.68
14.20
3Y
479.27
81.12
5Y
289.34
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
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Karachi Pakistan
- IPO Date
- Feb 19, 2007
- Website
- picicinsurance.com
- Similar Companies
- Business
- PICIC Insurance Limited is a Pakistan-based general insurance company engaged in providing non-life insurance and risk management solutions to corporate, commercial, and individual clients across Pakistan. The company operates through five core business segments: Fire and Property Damage Insurance, offering coverage against fire, allied perils, machinery breakdown, loss of profits, and property damage for industrial and commercial entities; Marine, Aviation, and Transport Insurance, providing marine cargo, inland transit, marine hull, and aviation liability coverage; Motor Insurance, delivering comprehensive vehicle coverage, third-party liability, theft protection, and accidental damage policies for commercial fleets and private vehicles; Accident and Health Insurance, encompassing group hospitalization, medical expense reimbursement, personal accident, and critical illness coverage; and Miscellaneous Insurance, providing specialized policies including engineering risks, cash-in-safe, cash-in-transit, fidelity guarantee, public and product liability, burglary, and travel insurance. Founded in 2004 and headquartered in Karachi, Pakistan, the company originally operated under the sponsorship of the Pakistan Industrial Credit and Investment Corporation (PICIC) before transitioning through subsequent ownership and financial institution restructuring. In recent years, PICIC Insurance Limited has engaged in significant corporate restructuring initiatives under the supervision of the Securities and Exchange Commission of Pakistan (SECP) to fulfill statutory minimum paid-up capital requirements, pursuing strategic merger arrangements and corporate rehabilitation frameworks with strategic investment partners and insurance sector peers, including proposed amalgamation transactions with Crescent Star Insurance Limited to restructure underwriting operations and optimize its corporate capital structure.