Universal Insurance Co. Ltd.
PPSX:UVIC17.50
PKR
-1.00
(-5.41%)
ISIN
PK0014201013
Return %
Stock
S&P 500
1Y
-30.00
14.20
3Y
207.02
81.12
5Y
258.61
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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Shaheen Kuli Khan Khattak
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Lahore Pakistan
- IPO Date
- Oct 20, 1988
- Website
- uic.com.pk
- Similar Companies
- Business
- The Universal Insurance Company Limited is a Pakistan-based non-life general insurance and takaful operator engaged in providing commercial, industrial, and personal risk underwriting solutions. Founded in 1958 as a constituent member of the Bibojee Group of Companies and headquartered in Lahore, Pakistan, the company operates a nationwide branch network serving corporate enterprises, small and medium-sized businesses, and individual policyholders across the country. The company manages its underwriting portfolio across core business segments: Fire and Property Damage, Marine and Transport, Motor, Window Takaful Operations, and Engineering and Miscellaneous. Its comprehensive product and service offerings comprise Fire and Allied Perils Insurance, protecting industrial complexes, commercial assets, warehouses, and dwellings against fire, lightning, explosion, earthquake, riots, storm damage, and consequential business interruption; Marine, Aviation and Transit Insurance, offering cargo coverage for import, export, and domestic transit by sea, air, rail, and road, as well as marine hull coverage; Motor Insurance, providing comprehensive, third-party liability, theft, collision, and accidental loss coverage for private passenger vehicles, commercial fleets, and heavy transport; Engineering Insurance, delivering contractor all risks, erection all risks, machinery breakdown, boiler explosion, and electronic equipment protection; Miscellaneous and Liability Insurance, providing cash in transit, cash in safe, fidelity guarantee, public liability, product liability, workmen compensation, employer liability, personal accident, group health, and travel insurance; and Window Takaful Operations, delivering Shariah-compliant risk-sharing solutions across general takaful lines governed by Islamic finance principles. In recent operational developments, The Universal Insurance Company Limited has executed capital restructuring and equity enhancement initiatives in accordance with the regulatory minimum capital requirements set by the Securities and Exchange Commission of Pakistan. The company has also expanded its Window Takaful underwriting capacity to address growing retail and corporate demand for Islamic insurance products, deployed modernized core insurance management software and automated claims processing systems to enhance distribution efficiency, and renewed strategic reinsurance treaties with domestic and international reinsurers to strengthen capacity for underwriting large-scale industrial, energy, and infrastructure assets.