Material Information of Universal Insurance Company Limited

Material Information

Karachi, Universal Insurance Company Limited informed Pakistan Stock Exchange that the Board of Directors of the company in their meeting held on February 27, 2023 at Rawalpindi has fixed the seven members of Directors for the next three years commencing from May 21, 2023.

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.