PRC Towers, 32 - A
Lalazar Drive, M.T. Khan Road
Karachi
Pakistan
Company Overview
Pakistan Reinsurance Company Limited (PRCL), a public limited company, which conducts reinsurance business in Pakistan. Its principal focus is on the development of insurance and reinsurance business in Pakistan. The company provides solutions to departments including Aviation, Marine cargo, Marine hull, Engineering, Fire and Accidental. It provides reinsurance solutions to the local insurance industry in view of treaty and facultative business as well as managing insurance schemes assigned by the Federal Government of Pakistan. The company is headquartered in Karachi, Pakistan. The company accepts reinsurance on proportional, non-proportional, and facultative reinsurances' that includes loss of profits, sprinklers leakage, explosion, thefts and burglary, earth-quakes, spontaneous combustion, riots and civil commotion, cyclone, storm, and floods. Also, it accepts sea perils and extraneous risks covered under marine policies for inland and transoceanic shipment and warehouse. The company recorded revenues of PKR 5,384.16 million during the fiscal year ended December 2007, an increase of 146.2% over 2006. The operating profit of the company was PKR 3,849 million during the fiscal year 2007, an increase of 341.6% over 2006. The net profit of the company was PKR 3,768.9 million during the fiscal year 2007, an increase of 422% over 2006.
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Intelligence
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