Karachi, United Insurance Company of Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on March 21, 2020.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2019 which portrayed a profit of Rs. 401,590,726 with earnings per share 1.54 asic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 24, 2020 to April 27, 2020 (both days inclusive).
United Insurance Company of Pakistan Limited was incorporated in Pakistan on October 20, 1959. It is a public limited company. The rules and regulations of the company are based on the Companies Ordinance 1984, Insurance Ordinance 2000 and Fire, Marine & Motor Tariff (IAP). The operations of the business are related to group health insurance, travel insurance, travel bonds & guarantees, livestock and crop insurance. The registered office of the business is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.
The products of the company includes fire insurance, marine insurance, motor insurance, health guard, travel guard, live stock, crop insurance, engineering, travel and cargo agents guarantees, personal accidents policy for the students, shop secure plan, self secure plan, education secure plan and home secure plan.
The symbol “UNIC” is being used by the stock exchanges for the shares of United Insurance Company of Pakistan Limited.