

Company Profile
Asia Insurance Company Limited ('the Company') is a quoted public limited company which was incorporated in Pakistan on December 06, 1979 under the repealed Companies Act, 1913 (now the Companies Act, 2017). The Company is engaged in non-life insurance business mainly comprising of fire, marine, motor, bond and suretyship, agriculture and allied and miscellaneous. The Company has been allowed to work as Window Takaful Operator through License No.10 on August 13, 2015 by Securities and Exchange Commission of Pakistan under Window Takaful Rules, 2012 to carry on Islamic General Insurance in Pakistan.
Mr. Ihtsham ul Haq Qureshi | CEO |
Mr. Khalid Rashid | Chairman |
Ms Shazia Hafeez | Company Secretary |
Asia House, 19 C/D, Block L Gulberg III, Main Ferozpur Road , Lahore.
Corplink (Pvt) Limited, Wings Arcade ,1-K, Model Town Lahore
BDO Ebrahim & Co, Chartered Accountant
December
Equity Profile
Announcements
Date | Title | Document |
---|---|---|
Oct 29, 2020 | Transmission of Quarterly Accounts for the period ended September 30, 2020 | View PDF |
Oct 26, 2020 | Financial Results for the quarter ended September 30, 2020 | View PDF |
Aug 28, 2020 | Transmission of Quarterly Report for the period ended 2020-06-30 | View PDF |
Aug 25, 2020 | Financial Results for the quarter ended June 30, 2020 | View PDF |
May 8, 2020 | Transmission of Quarterly Accounts for the period ended March 31, 2020 | View PDF |
May 7, 2020 | Transmission of Annual Report for the Year ended December 31, 2019 | View PDF |
May 4, 2020 | Financial Results for the Quarter ended March 31, 2020 | View PDF |
Apr 29, 2020 | extension in submission of Financial Statements for the first quarter ended 2020-03-31 | View |
Mar 12, 2020 | Financial Results for the Year Ended December 31, 2019 | View PDF |
Oct 29, 2019 | Transmission of Quarterly Report for period ended 30-09-2019 | View PDF |
Date | Title | Document |
---|---|---|
Dec 18, 2020 | Notice of Extraordinary General Meetinge | View PDF |
Dec 10, 2020 | Board Meeting Rescheduled | View |
Dec 9, 2020 | Board Meeting other than financial Results | View |
Oct 19, 2020 | Board Meeting | View |
Aug 17, 2020 | Board Meeting | View |
Jun 4, 2020 | Board meeting | View |
Apr 30, 2020 | Board Meeting in Progress | View |
Apr 29, 2020 | Change in Time of Board Meeting | View |
Apr 23, 2020 | Board Meeting | View |
Apr 3, 2020 | Notice of Postponement of Annual General Meeting | View |
Date | Title | Document |
---|---|---|
Jan 21, 2021 | Appointment of the Chairman | View |
Jan 21, 2021 | Appointment of Chief Executive Officer | View |
Jan 11, 2021 | Election of Directors- Resolution Passed by members at EOGM | View PDF |
Jan 1, 2021 | Election of Directors | View PDF |
Dec 18, 2020 | Election of Directors | View |
Nov 18, 2020 | In the matter of Show Cause Notice issued to Asia Insurance Company Limited | |
Oct 1, 2020 | Corporate Briefing Session | View PDF |
Jun 1, 2020 | Cerified copy pf Resolution passed at 39th AGM | View PDF |
May 6, 2020 | Notice of AGM | View PDF |
May 3, 2019 | Certified copy of Resolution passed at 38TH AGM | View PDF |
Financials
All numbers in thousands (000's) except EPS
2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|
Profit after Taxation | 6,189 | 20,315 | 76,797 | 71,099 |
EPS | 0.10 | 0.36 | 1.71 | 1.58 |
Q3 2020 | Q2 2020 | Q1 2020 | Q3 2019 | |
---|---|---|---|---|
Profit after Taxation | 19,181 | 12,994 | 22,576 | 7,905 |
EPS | 0.32 | 0.22 | 0.37 | 0.13 |

Ratios
2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|
Gross Profit Margin (%) | (15.53) | (4.07) | (3.32) | 29.35 |
Net Profit Margin (%) | 1.41 | 4.23 | 14.55 | 16.92 |
EPS Growth (%) | (72.22) | (78.95) | 8.23 | 3.95 |
PEG | (2.22) | (0.56) | 1.32 | 2.98 |
Payouts
Date | Financial Results | Details | Book Closure |
---|---|---|---|
October 27, 2016 10:59 AM | 30/09/2016(IIIQ) | 25%(I) (B) | 14/11/2016 - 20/11/2016 |
April 5, 2016 3:38 PM | 31/12/2015(YR) | 20% (B) | 24/04/2016 - 30/04/2016 |
June 15, 2011 12:27 PM | - | 20% (R) | - |
June 18, 2010 3:53 PM | - | 25% (R) | 14/07/2010 - 20/07/2010 |
April 27, 2010 10:47 AM | 31/03/2010(IQ) | 25% (R) | - |
September 28, 2009 2:41 PM | - | 25% (R) | 18/10/2009 - 24/10/2009 |
August 27, 2009 3:18 PM | 30/06/2OO9(HYR) | 25% (R) | - |
June 6, 2008 4:45 PM | - | 33.33% (R) | 11/09/2008 - 17/09/2008 |
November 16, 2007 4:32 PM | 31/12/2OO7(YR) | 10%(i) (D) - 50% (R) | 10/12/2007 - 16/12/2007 |
April 7, 2006 10:06 AM | - | DIVIDEND FOR THE YEAR ENDED 31/12/2OO5 NIL | 27/O4/2OO6 - |