>> About Us
askari general insurance company limited (agico) was incorporated in 1995 as a public limited company and is quoted on all the three stock exchanges of Pakistan. It commenced its business in the same year and since then has by the grace of Allah maintained a steady growth.
agico is sponsored by the Army Welfare Trust (AWT) which is engaged in the business of finance, banking and production of consumer goods and services. The AWT has as many as 23 different companies working under its fold and most of these are quoted on the country's stock exchanges.
agico is one of the leading companies of this Trust and is rapidly growing to become a market leader in insurance sector of the country. Besides providing the traditional coverage like marine, motor and fire, askari general insurance also has the capacity to offer specialized coverage on various engineering risks. It is a pioneer and a market leader in its own right in health insurance and constantly exploring avenues to offer protection in areas yet unexplored by other companies.
With the grace of Allah the consistent progressive journey which started in the year 1995 is continuing. The Company is readily accessible in all areas of the country due to the presence of a large network of branches.
The trust which our clients have in us is evident from the fact that the Company has maintained its growth even in times when all the economic activities are at the lowest ebb. In view of this stable performance the company as been adjudged by the some leading national and international financial rating companies as "the company of future". askari general insurance has the commitment and the capacity to transform its promise into a reality.
>> Financial Highlights
AGICO is part of group of AWT so other entities controlled by AWT are the associated companies of AGICO. The Askari group of companies is a business vision of the Army Welfare Trust ("AWT"). AWT enjoys a proud history and with a diversity in business, has established a reputation as a leader in the corporate sector. The Askari Group's business history and efforts have been of perseverance, innovation, business acumen and going beyond the frontiers in banking, investments, insurance, agriculture, cement, pharmaceuticals, leasing, energy, information technology and many other fields. Askari Bank Ltd is one of the most prominent projects of the Askari group. You can find more details at www.awt.com.pk and www.askaribank.com.pk. AWT's main entities include the following:
Public Listed Companies
Public Unlisted Companies
Private Limited Companies
Other Business Units
Year 2011: Rs. 2.18 per share
Year 2010: Rs. 1.91 per share
Price Earnings Ratio
Year 2011: 3.70
Year 2010: 5.76
Year 2011: 14.02
Year 2010: 15.50
AGICO is listed on all Stock Exchanges of Pakistan.Website links are given below along with the symbol
Last election of Directors was held in the 16th Annual General Meeting of the Company, held on April 20, 2011 and the following persons were elected as the directors for a period of three years:
- Lt. Gen. Imtiaz Hussain (Retd)
- Maj. Gen. Saeed Ahmed Khan (Retd
- Brig. Javed Qayum (Retd)
- Brig. Tariq Sher (Retd)
- Mr. Ejaz Ahmed Khan
- Syed Suhail Ahmad Rizvi
- Mr. Abdul Hai Mahmood Bhai Mia
- Khawaja Muhammad Iqbal
However, three casual vacancies occurred on the Board of Directors in 2012 i.e. Lt. Gen. Imtiaz Hussain (Retd.), Maj. Gen. Saeed Ahmed Khan (Retd.) and Brig.Javed Qayum (Retd.) resigned for the Board and were replaced by Lt. Gen. Tahir Mahmood (Retd.), Maj Gen Mukhtar Ahmed (Retd) and Brig. Irfan Azam (Retd.) respectively, in due course of time.
KPMG Taseer Hadi & Co.
AGICO is the member of Insurance Assocaition of Pakistan (IAP)