Reliance Insurance Co Ltd
PPSX:RICL11.77
PKR
-0.32
(-2.65%)
ISIN
PK0027501011
Return %
Stock
S&P 500
1Y
-5.78
14.20
3Y
208.06
81.12
5Y
254.77
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
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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
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Karachi Pakistan
- IPO Date
- Oct 17, 1988
- Website
- relianceins.com
- Similar Companies
- Business
- Reliance Insurance Company Limited is a Pakistan-based general insurance and non-life underwriting company that provides a comprehensive portfolio of conventional risk solutions and Shariah-compliant Window Takaful coverage to corporate, commercial, and retail clients. Founded in 1981 and sponsored by the Al-Noor Group and Amin Bawany Group, the company is headquartered in Karachi, Pakistan, and conducts operations nationwide through an extensive branch network across northern and southern operational zones. Reliance Insurance Company Limited segments its business across multiple underwriting classes, with core products and services including Fire and Property Insurance, providing coverage against fire, lightning, earthquake, atmospheric disturbance, riot, and allied perils for industrial, commercial, and residential properties; Marine and Transport Insurance, offering marine cargo protection for import and export consignments, marine hull, and inland transit risks; Motor Insurance, delivering comprehensive and third-party liability policies for private vehicles, commercial fleets, and motorcycles alongside driver accident coverage; Engineering Insurance, comprising Contractors All Risks, Erection All Risks, machinery breakdown, boiler explosion, deterioration of stock, and electronic equipment coverage; Liability Insurance, encompassing public liability, product liability, professional indemnity, and Directors and Officers liability; Bonds and Surety Solutions, including performance bonds, tender bonds, mobilization advance guarantees, customs bonds, and maintenance guarantees; Miscellaneous Accident Insurance, featuring personal accident, workmen compensation, burglary, cash-in-safe, cash-in-transit, and fidelity guarantee insurance; and Window Takaful Operations, offering Waqf-based Islamic general insurance alternatives across fire, marine, motor, engineering, and miscellaneous lines under dedicated Shariah board supervision. The company maintains substantial underwriting capacity through international treaty and facultative reinsurance arrangements with top-tier global reinsurers, led by Swiss Re. In recent developments, Reliance Insurance Company Limited has actively expanded its Window Takaful distribution across key regional commercial centers, modernized its core information technology and digital policy administration platforms to accelerate claims settlement and policy issuance, diversified underwriting exposure toward high-yield engineering and specialty property risks, and maintained an Insurer Financial Strength rating of A+ with a Stable outlook from domestic credit rating agencies VIS and PACRA.