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 Adamjee Insurance Company Ltd. [AIC]
established in 1960 to undertake general
and life insurance business, the Life Insurance Division of the company was Nationalized
in 1974. Since then, AIC has been investing its resources on providing general insurance
covers for marine, fire, motor and miscellaneous risks. In recent years it has been
a pioneer in launching new types of insurance policies which are: Home Insurance,
Kidnap & Ransom, Personal Accident, Medical Insurance & various types of
covers for Power Generation/Infrastructure Projects. Today, AIC is the largest insurance
company in Pakistan and operates through its 1000 employees at its 84 branches
all over Pakistan . It is the leader amongst 40 general insurance companies
and commands a 38% market share, as well as a reputation of being one of the
most prompt and efficient settlers of claims. International offices includes 6 branches
each in Dubai , Abu Dhabi , Sharjah, Jeddah, Dammam and London .
Plans are underway
to establish a branch in Dhaka .
The management team at AIC is considered
to be the most professional in its industry. The Company has earned a rating of
"A" [Excellent] by A.M. BEST COMPANY INC., AIC is a Public Limited Company and is listed on the Karachi
Stock Exchange.
 The Adamjee families holding have been diluted since 2004 when there was a change
in management of ownership structure: The Family now owns a strategic stake of 20%
from within Pakistan and outside through personal and corporate holdings.
Recently AIC has planned enter life insurance business in joint venture with a south
Africa insurer; this will be a subsidiary of AIC and will be marketed under brand
name of “Adamjee
Adamjee Memorial Centre
Adamjee Public School Life”. The new venture will start first quarter
of 2009.
AIC Financial Highlights:
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Particulars
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2007
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Earnings
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(Rupees in Million)
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Gross Premium
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9,379
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Net Premium
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5,532
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Underwriting Result
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119
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Investment Income
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4,486
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Profit Before Tex
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4,285
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Profit After Tex
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4,201
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Balance Sheet
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Paid up Capital
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1,022
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Equity
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7,652
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Investment (Book Value)
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8,132
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Investment (Market Value)
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11,709
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Cash & Bank
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954
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Total Assets
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18,766
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Total Liabilities
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11,114
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Returns
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Return on Average Capital Employed (%)
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73.45
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Share Information
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Earning Per Share (Rupees)
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41.09
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Break up Value Per Share (Rupees)
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74.84
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No. of Shares (in Million)
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102.24
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Share Price
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358.35
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KSE Index
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14,075
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P/ E Ratio
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8.72
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Market Price to Break up Value
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4.79
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(*)Dividend Yield (%)
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0.92
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(*)Dividend Payout Ratio (%)
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8.03
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(*)Dividend per Share
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3.30
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(*)Total Dividend Declared-Amount
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337.38
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(*)Total Dividend Declared %
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33.00
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Operating Performance
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Underwriting Result to Net Premium (%)
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2.16
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Profit after Tex to Net Premium (%)
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75.95
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Investment Income to Net Premium (%)
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81.10
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(*) Including Bonus Dividend
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Please see website:
www.adamjeeinsurance.com
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