Karachi, Atlas Insurance Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 25, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 143,708 with earnings per share 2.05 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Atlas Insurance Limited was founded in 1934 by Dr. Sir Muhammad Iqbal as a public limited company and was taken over by the Atlas Group in 1980. It has reinsurance arrangements with reinsurers of the world including Swiss Re from Switzerland, Hannover Re from Germany, Tokiio Fire & Nichido Marine and Sompo from Japan among others. The company is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.
The company is involved in the business of general insurance. The classification of its products includes fire and property, health, marine, motor, travel, engineering, money insurance, personal accident, liability insurance and miscellaneous kinds of insurance.
The symbol “ATIL” is being used by the stock exchanges for the shares of Atlas Insurance Limited.