Adamjee Insurance Company Limited

6th Floor, Adamjee House
I.I. Chundrigar Road
Karachi
Pakistan
Fax: 92 21 2412627
www.adamjeeinsurance.com


No. employees: 1,388
Turnover: 165.50 (US$m)
Financial year end: December

Company Overview

Adamjee Insurance Company Limited (AICL) is the biggest General Insurance company in Pakistan. It is engaged in providing insurance to the classes of businesses including Fire and Property, Marine, Aviation and Hull, Motor and Miscellaneous business. Through these businesses, the company is offering a wide range of coverage to satisfy the needs of their customers. AICL is the principal insurance company that provides coverage of Kidnap & Ransom and Professional Indemnity in Pakistan. The company is headquartered in Karachi, Pakistan and employs 1,388 people.

On December 11, 2007, the company signed a joint venture with Hollard Life, to introduce and launch Adamjee Life, which will provide life insurance products to its clients.

The company recorded revenues of PKR 10,018.18 million during the fiscal year ended December 2007, an increase of 47.4% over 2006. The operating profit of the company was PKR 8,127.69 million during the fiscal year 2007, an increase of 65.3% over 2006. The net profit of the company was PKR 5,666.27 million during the fiscal year 2007, an increase of 214.4% over 2006.

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Adamjee Insurance Company Limited - Financial and Strategic Analysis Review

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