Premier Insurance Co. of Pakistan Ltd.
PPSX:PINL9.50
PKR
+0.28
(+3.04%)
ISIN
PK0001101010
Return %
Stock
S&P 500
1Y
23.06
14.20
3Y
26.67
81.12
5Y
69.34
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Sharik Bashir
- Full Time Employees
- 90
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Karachi Pakistan
- IPO Date
- Oct 10, 1988
- Website
- pil.com.pk
- Similar Companies
- Business
- Premier Insurance Limited, formerly known as The Premier Insurance Company of Pakistan Limited, is a Pakistan-based general insurance and takaful company that provides non-life insurance underwriting and risk management solutions to corporate, commercial, and individual clients. Founded in 1952 and headquartered in Karachi, Pakistan, the company operates across major metropolitan and regional business centers nationwide, including Lahore, Islamabad, Faisalabad, Multan, Sialkot, Rawalpindi, and Peshawar. Premier Insurance Limited conducts business through two primary operational divisions comprising Conventional General Insurance and Window Takaful Operations, structured across five core underwriting segments: Fire and Property Damage, Marine and Transport, Motor, Health and Personal Accident, and Miscellaneous Insurance. The company's core product and service portfolio includes Fire and Property Insurance covering commercial properties, industrial manufacturing units, machinery breakdown, business interruption, and loss of profits against perils such as fire, lightning, explosion, earthquake, atmospheric disturbances, and riot or strike damage; Marine, Aviation, and Transport Insurance providing coverage for ocean marine cargo, inland transit, air freight, marine hull, and transit-related cargo liabilities for import, export, and domestic consignments; Motor Insurance delivering comprehensive coverage, third-party liability protection, theft, accidental damage, and customized fleet management policies for private passenger cars, commercial vehicles, and heavy transport equipment; Accident and Health Insurance offering group hospitalization, inpatient and outpatient medical benefits, critical illness coverage, emergency medical evacuation, individual and family medical insurance, corporate employee benefit schemes, individual and group personal accident indemnities, and domestic and international travel insurance; and Miscellaneous and Liability Insurance comprising contractor all risks, erection all risks, electronic equipment insurance, cash-in-safe, cash-in-transit, burglary, banker blanket indemnity, fidelity guarantee, public liability, product liability, employer liability, and professional indemnity coverage. Through its dedicated Window Takaful operations, the company offers an equivalent suite of Shariah-compliant general takaful solutions governed by Islamic principles of mutual cooperation and shared responsibility. In recent corporate developments, Premier Insurance Limited has advanced strategic initiatives aimed at digital modernization and operational restructuring to strengthen its competitive market position and improve underwriting margins. The company has implemented digital policy processing, automated underwriting frameworks, and digital claims administration systems to enhance client servicing efficiency and reduce turnaround times. Additionally, Premier Insurance Limited has expanded its Window Takaful portfolio to capture increasing market demand for Islamic risk mitigation products across retail and commercial segments. To address regulatory capital requirements and changing market dynamics overseen by the Securities and Exchange Commission of Pakistan, the company has undertaken comprehensive portfolio rebalancing, tightened underwriting guidelines across high-loss classes, optimized operational branch footprints, and structured enhanced treaty reinsurance arrangements with leading domestic and international reinsurers to bolster risk retention capacity, solvency margins, and financial resilience.