United Insurance Co. of Pakistan Ltd.
PPSX:UNIC11.06
PKR
+0.27
(+2.50%)
ISIN
PK0004801012
Return %
Stock
S&P 500
1Y
-19.47
14.20
3Y
59.26
81.12
5Y
110.95
68.34
Capital Structure
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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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- CEO
- Muhammad Akram Shahid
- Full Time Employees
- 695
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Lahore Pakistan
- IPO Date
- Oct 26, 1988
- Website
- theunitedinsurance.com
- Similar Companies
- Business
- The United Insurance Company of Pakistan Limited (PSX: UNIC) is a Pakistan-based financial institution engaged in the underwriting, sale, and administration of general non-life insurance and Shariah-compliant window takaful solutions for retail, commercial, agricultural, and industrial clients. Founded in 1959 and headquartered in Karachi, Pakistan, the company operates as the principal insurance subsidiary of the United International Group (UIG), maintaining an operational footprint that spans an extensive nationwide network of more than 100 branches across Pakistan along with associated interests in the United Arab Emirates through Tawasul Insurance LLC. The company operates through seven primary business segments: Fire and Property Damage Insurance, providing indemnity for commercial, industrial, and residential properties against risks such as fire, atmospheric disturbance, riot, strike, malicious damage, explosion, and natural perils; Marine, Aviation, and Transport Insurance, covering ocean-going vessels, inland transit, and marine cargo across import and export consignments; Motor Insurance, offering commercial fleet and private vehicle protection against accidental collision, theft, third-party liability, and total loss; Crop and Livestock Insurance, providing multi-peril crop insurance, standing crop protection against pest infestation and extreme weather events, and livestock mortality coverage for agricultural and dairy enterprises; Health and Accident Insurance, delivering individual health coverage, critical illness policies, family health plans, and corporate group hospitalization schemes; Engineering Insurance, encompassing contractor all risks (CAR), erection all risks (EAR), machinery breakdown, electronic equipment damage, and business interruption covers; and Miscellaneous and Financial Lines, comprising fidelity guarantees, cash-in-transit, cash-in-safe, burglary, public liability, professional indemnity, and financial surety bonds. The company also provides Shariah-compliant alternatives across all product classes through its Al-Tameem Window Takaful Operations, and facilitates digital policy issuance and claims processing via its proprietary myUIC digital platform. In recent developments, the company has expanded its institutional distribution and service capabilities through strategic alliances, including a motor takaful and insurance partnership with Pak Suzuki Motor Company and a digital risk coverage agreement with Dubai Islamic Bank Pakistan. Additionally, the company has collaborated with international intermediaries, including UIB Asia Reinsurance Brokers, to optimize treaty capacities and expand co-insurance arrangements with domestic commercial banks. Operationally, the company expanded its branch footprint with the opening of its Madina City Branch in Karachi, achieved ISO 9001:2015 quality management certification, resumed its underwriting of surety and commercial guarantee operations following favorable judicial orders in 2025, and maintained an Insurer Financial Strength (IFS) rating of AA+ from VIS Credit Rating Company Limited.