| STATISTICS FOR THE NINE MONTH PERIOD ENDED 30 SEPTEMBER 2017 (Non-Life Members) (Rs in ‘000) | ||||||||
|---|---|---|---|---|---|---|---|---|
| S.No | Company | Premium written | Net Premium Revenue | Net Claims | Net Commission (Income)/ Expense |
Management Expenses |
Gen.Admin, financial and other exp |
Investment Income/ (Loss) |
| A | B-2016 | C | D | E-1 | E-2 | F | G | |
| 1 | Adamjee Insurance | 9,162,824 | 4,917,751 | 2,585,085 | 399,106 | 1,019,702 | 410,894 | 1,744,361 |
| 2 | Alfalah Ins. Co | 1,625,183 | 787,859 | 363,915 | 79,717 | 277,489 | 8,759 | 81,806 |
| 3 | Allianz EFU Health | 1,535,305 | 890,608 | 697,618 | -39,472 | 158,828 | 53,120 | 46,669 |
| 4 | Alpha Insurance | 92,293 | 64,634 | 73,322 | 10,771 | 47,153 | 19,365 | 44,144 |
| 5 | Asia Insurance | 532,933 | 387,617 | 107,401 | 70,394 | 119,618 | 73,336 | -16,149 |
| 6 | Askari Gen. Insc. | 1,569,260 | 989,631 | 451,175 | -13,228 | 235,024 | 150,685 | 93,225 |
| 7 | Atlas Insurance | 1,848,940 | 977,757 | 320,117 | -109,992 | 317,295 | 55,533 | 311,607 |
| 8 | Century Insurance | 859,794 | 426,466 | 190,539 | -14,823 | 104,244 | 103,298 | 128,940 |
| 9 | Cooperative Ins. | 6,089 | 3,981 | 190 | 766 | 6,020 | -6,474 | 2,831 |
| 10 | Crescent Star | 79,690 | 89,861 | 26,381 | 11,276 | 59,658 | 48,550 | 138,104 |
| 11 | East West Insc. | 1,876,716 | 819,599 | 365,346 | 162,966 | 136,531 | 72,458 | 16,099 |
| 12 | EFU Gen. Ins. Ltd. | 15,276,621 | 5,984,229 | 2,296,697 | 430,633 | 1,752,662 | 88,874 | 761,732 |
| 13 | Excel Insurance | 3,608 | 1,847 | 17 | -184 | 10,705 | 10,775 | 4,692 |
| 14 | Habib Insurance | 899,651 | 437,790 | 282,963 | -54,585 | 191,120 | 61,241 | 160,084 |
| 15 | IGI Insurance | 2,322,000 | 1,164,712 | 632,487 | -123,895 | 273,269 | 151,145 | 62,017 |
| 16 | Jubilee General Ins. | 6,366,354 | 3,462,419 | 1,835,201 | 310,580 | 1,029,192 | 54,353 | 808,524 |
| 17 | New Hampshire Ins. | -11,501 | 6,466 | 9,101 | -63,486 | 228 | 85,288 | 59,945 |
| 18 | Pakistan Gen. Ins. | 201,098 | 218,783 | 2,583 | 42,437 | 108,696 | 50,035 | 10,643 |
| 19 | Premier Ins. | 679,612 | 404,167 | 246,499 | 62,952 | 176,214 | 74,128 | 98,435 |
| 20 | Reliance Insurance | 845,493 | 260,798 | 69,609 | 44,521 | 91,631 | 40,714 | -25,782 |
| 21 | SPI Insurance | 515,933 | 410,246 | 127,371 | 61,025 | 118,744 | 72,001 | 10,572 |
| 22 | Security Gen. Insc. | 1,777,360 | 373,028 | 68,499 | 11,291 | 56,568 | 84,872 | 806,042 |
| 23 | Shaheen Ins. | 275,000 | 214,878 | 72,695 | 40,065 | 50,625 | 45,199 | 21,415 |
| 24 | Sindh Insurance | 2,762,612 | 2,028,592 | 1,855,545 | 102,581 | 38,116 | 720 | 128,447 |
| 25 | TPL Insurance Ltd. | 1,053,794 | 997,301 | 422,323 | -123,648 | 443,515 | 220,353 | 19,426 |
| 26 | UBL Insurer | 2,360,699 | 698,916 | 307,152 | -57,111 | 249,281 | 90,498 | 37,796 |
| 27 | United Ins. | 3,681,966 | 2,156,918 | 1,285,706 | 177,463 | 437,726 | 442,272 | 71,247 |
| 28 | Universal Ins. | 19,523 | 8,318 | -5,211 | -176 | 48,197 | 4,620 | 17,365 |
| Source: Insurance Association of Pakistan | ||||||||
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| STATISTICS FOR THE NINE MONTH PERIOD ENDED 30 SEPTEMBER 2017 (Life Members) (Rs in ‘000) | ||||||||
|---|---|---|---|---|---|---|---|---|
| S.No | Company | Total Gross Premium | Total Net Premium | Net Claim | Total Gross Acq. costs | Gross Admin. Exp | Commission from Reinsurers | Investment |
| 1 | Adamjee Life | 8,702,589 | 8,337,912 | 3,159,243 | 1,206,875 | 699,584 | 0 | -104,750 |
| 2 | East West Life | 26,979 | 22,349 | 28,285 | 2,398 | 20,439 | -295 | 10,613 |
| 3 | EFU Life | 22,613,634 | 22,103,229 | 10,956,798 | 3,641,884 | 4,829,917 | 12,755 | 2,059,051 |
| 4 | IGI Life | 4,321,760 | 4,210,224 | 3,264,621 | 520,590 | 314,002 | 18,197 | 620,418 |
| 5 | Jubilee Life | 32,693,522 | 31,656,550 | 9,980,784 | 5,875,485 | 1,855,886 | -87,341 | -2,739,414 |
| 6 | State Life | 50,963,126 | 50,899,331 | 29,229,715 | 10,096,365 | 5,501,208 | -9,483 | 47,597,849 |
| 7 | TPL Life | 212,747 | 201,978 | 23,756 | 30,372 | 174,959 | 0 | 6,110 |
| Source: Insurance Association of Pakistan | ||||||||
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| ISLAMIC FINANCE COUNTRY RANKINGS | |||
|---|---|---|---|
| Country | Islamic Finance Indicator | Islamic Finance Country Index (IFCI) | Islamic Banking Share in Total Banking Assets |
| Malaysia | 1 | 1 | 8 |
| Iran | 12 | 2 | 1 |
| Saudi Arabia | 4 | 3 | 4 |
| UAE | 2 | 4 | 9 |
| Kuwait | 6 | 5 | 5 |
| Pakistan | 7 | 6 | 14 |
| Indonesia | 9 | 7 | 21 |
| Bahrain | 3 | 8 | 13 |
| Qatar | 8 | 9 | 7 |
| Bangladesh | 11 | 10 | 10 |
| Sudan | 12 | 11 | 2 |
| Jordan | 10 | 13 | 12 |
| Brunei | 14 | 15 | 3 |
| Oman | 5 | 16 | 16 |
| Singapore | 15 | 25 | 34 |
| Source: Author’s compilation based on Thomson Reuters, 2017; Dubai Islamic Bank, 2017b, and IFSB, 2017. | |||
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