Financial results of Universal Insurance Company Limited for Quarter ended June 30, 2021

Karachi, Universal Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on August 27, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a loss of Rs. 11,699 with loss per share 0.23 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The Universal Insurance Company Limited is a public limited company incorporated in Pakistan on May 09, 1958. The Company is engaged in non-life insurance business. This Company entered into insurance market in 1960. The company is fully protected through its world renowned re insurers among are: Asian Re and Pakistan Re-Insurance Company.

The mainly business of the Company is of Motor Insurance, Marine Insurance, Fire Insurance, Miscellaneous Insurance, Travel Insurance and Claim Settlement Procedure.

The total number of shares are 50,000,000. The Earning per share is (1.76) in 2020 which was 0.05 in 2019. The Profit After Taxation in 2020 is (87,845,000) which was 2,335,000 in 2019.