A publicly listed company established in 1979, Asia Insurance provides a wide range of property casualty insurance to support its esteemed clients in business and in daily life through its general insurance, and general Takaful cover.
We aim to become the leading insurance and takaful company in Pakistan, focusing on customer care and service quality over pricing. Our goal is to make our customer journey as smooth as possible with solutions that are inclusive, economical and tailored according to the needs of the clients.
Asia Insurance has won the confidence of German development bank KFW, who, through their InsuResilience Investment Fund (Rated AAA by Fitch, AA+ by Standard & Poor’s) and managed by Swiss based manager BlueOrchard Finance, has invested Rs 350 million for taking 25.4% shareholding in Asia Insurance Company Ltd. Taking the Company’s total equity to over Rs one billion.
Vision
Mission
CODE OF CONDUCT
- Statement of Ethics All Directors and Staff are required to:
- Act with integrity, dignity, and in an ethical manner when dealing with the public, clients, and peers.
- Protect the confidentiality of client information at all times except where required by law to disclose it.
- Protect the confidentiality of information relating to the Company both during the course of Directorship or employment (as the case may be) and after its termination (regardless of reason).
- Obtain written permission from the Company’s Compliance Officer (or the Chief Executive Officer in the event that the Compliance Officer is unavailable) to hold any position (paid or unpaid) with any outside party, firm, or organization. For clarity, positions covered include but are not limited to consultant, employee, Director, representative, and agent. Directors are exempt from this requirement.
- Maintain accurate records of business transactions related to the Company or its clients.
- Report any business or professional activities or any beneficial interests that may result in a conflict with or be competitive with the interests of the Company.
- Report any person or activity to the Compliance Officer or CEO that, in their opinion, is in violation of this statement.
- Disclose their shareholding in the Company’s securities upon signing this agreement and any changes in shareholding within 24 hours of any such change.
- Every Director and employee who has knowledge of confidential material information of the Company’s affairs is prohibited from trading in shares of the Company.
- Uncompromising Integrity: Our business is founded on trust and we manage it ethically, lawfully, and fairly. It is our objective to conduct business with reputable clients and business partners who are involved in lawful business activities. We do not facilitate money laundering.
- Clients’ Interest: Nothing we do is more important than shielding and preserving our client’s lawful interests. We hold responsibilities toward our clients in the highest regard.
- Entrepreneurship: We work hard every day to hire the best people, stimulate them, reward them, and endorse them to innovate. We are an equal-opportunity employer.
- Zeal for Performance: We contribute toward our Company’s financial goals and focus on achieving better results.
- A Culture of Distinction: We measure our performance on every task we undertake not just by the results but also by the quality of our work.
- A Tradition of Success: While we are fair and ethical at all times, we compete fairly with the quality and the price of our innovative products and services, not by offering improper benefits to others. Employees are not permitted to use their jobs to solicit, demand, accept, obtain, or be promised advantages.
Company Trading Symbol
- Company Symbol: ASIC
- Pakistan Stock Exchange
- www.psx.com.pk
Company Registration Number
SECP Insurance Division License/Registration Number
Company Policies
- KNOW YOUR CUSTOMER POLICY
- RISK MANAGEMENT POLICY
- HR POLICY
- INVESTMENT POLICY
Name of the Legal Advisor
Barrister Munawar-us-Salam
Cornelius Lane & Mufti
Advocates and SolicitorsAddress: Nawa-e-Waqt Building, 4-Shahra-e-Fatima Jinnah, Lahore.
Phone: +92 42 36306301, 36360824, 36360868
Fax: +92 42 36303301
Website: clm.com.pk
Email: info@clm.com.pk
Awards
List of parties who have not encashed the claims as at December 31, 2023
Free Float of Shares | |
---|---|
Total Issued Shares | 73,008,243 |
Directors, Sponsors, Holding | 49,501,743 |
Government Holding | 993,654 |
Shares held in Physical form | |
---|---|
Free-Float as of March 31, 2024 | 19,584,830 |
Total number of shares available in CDC | 72,890,431 |
Total number of shares available in physical form | 117,812 |
Break-up Value as of March 31, 2024 | |
Break-up Value with revaluation surplus | Rs. 12.84 |
Break-up Value without revaluation surplus | Rs. 12.84 |
EPS (Basic & Diluted) as of March 31, 2024 | Rs. 0.44 |
P/E Ratio as of December 31, 2023 | 15.73 |
Sales tax and NTN
- Sales Tax Registration: 0304980002619
- NTN: 0657868-3
Share registrar
Wings Arcade, 1-K Commercial, Model Town, Lahore, Punjab, Pakistan
Phone: 042-35916714 and 042-35916719
Fax: 042-35869037
Email: corplink786@yahoo.com
Credit rating
Pakistan Credit Rating Agency
Auditor
F108-J Street No. 3, Block J Model Town, Lahore, Punjab
Phone: 042-35861852