Shaheen Insurance Co. Ltd.
PPSX:SHNI8.09
PKR
+0.08
(+1.00%)
ISIN
PK0076001012
Return %
Stock
S&P 500
1Y
10.13
14.20
3Y
369.51
81.12
5Y
260.52
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
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Karachi Pakistan
- IPO Date
- Sep 22, 1996
- Website
- shaheeninsurance.com
- Similar Companies
- Business
- Shaheen Insurance Company Limited is a Pakistan-based non-life insurance provider engaged in underwriting general insurance and Shariah-compliant takaful products. The company operates through two primary divisions, Conventional Insurance and Window Takaful Operations, serving retail, commercial, industrial, and institutional clients across Pakistan. Its core portfolio is organized into systematic product lines: Fire and Property Insurance, providing coverage against fire, lightning, earthquake, atmospheric damage, riot, and allied perils; Marine Insurance, covering marine cargo, inland transit, and goods transported via sea, air, road, and rail; Motor Insurance, offering comprehensive vehicle loss, collision, theft, and third-party liability coverage for private and commercial fleets; Aviation Insurance, delivering specialized aviation hull and liability underwriting; Engineering Insurance, encompassing Contractor's All Risks (CAR), Erection All Risks (EAR), machinery breakdown, and electronic equipment coverage; Accident and Health Insurance, providing corporate group hospitalization, outpatient healthcare, personal accident, and travel medical plans; and Miscellaneous Insurance, covering burglary, cash-in-transit, cash-in-safe, plate glass, fidelity guarantee, public liability, product liability, professional indemnity, directors and officers liability, workmen's compensation, and crop risks. Founded in 1995 and headquartered in Karachi, Pakistan, the company operates as a key commercial entity of the Shaheen Foundation (Pakistan Air Force), which maintains the controlling majority equity stake. In recent developments, Shaheen Insurance enhanced its balance sheet and underwriting capacity by securing shareholder approval to expand its authorized share capital from PKR 1.00 billion to PKR 2.5 billion, supported by capitalization-strengthening bonus share distributions. Reflecting its improved solvency metrics, sustained business growth, and parentage support, the Pakistan Credit Rating Agency (PACRA) upgraded and affirmed the company's Insurer Financial Strength (IFS) rating at A++ with a Stable outlook.