The 36th Annual General meeting was held on Saturday 28th April 2018 at 12.30 pm at Reliance Insurance House 181-A, S.M.C.H.S. KARACHI
Notice Of Annual General Meeting English
Notice Of Annual General Meeting Urdu
Meeting of Board of Directors was held at 11.30 am on 30-10-2018 at Reliance Insurance House 181-A, S.M.C.H.S. KARACHI
JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the Insurance Financial Strenth (IFS) rating of Reliance Insurance Company Limited (RICL) at a 'Single A'. Outlook on the assigned rating has been revised from 'Stable' to 'Positive'.
Election of Director was held on April 30, 2016.
Notice of Election
Profile of candidates contesting the election
Financial Report of Third Quarter ending 30-09-2018 (Un-audited) has been announced and available for download.
Financial Report of Second Quarter ending 30-06-2018 (Un-audited) has been announced and available for download.
Financial Report of First Quarter ending 31-03-2018 (Un-audited) has been announced and available for download.
Financial Report ending 31-12-2017 has been announced and available for download.
Financial Report of Third Quarter ending 30-09-2017 (Un-audited) has been announced and available for download.
 
 
 
 
 

Reliance Insurance Company Limited is one of the oldest insurance company in Pakistan having been in operation since 1981. The company is backed by two leading Industrial Houses of Pakistan, namely Al-Noor Group and Amin Bawany Group having presence across several sectors including suger.

Reliance is one of the leading General Insurance Company of Pakistan having a network of 25 branches at all important places throughout Pakistan. It underwrites all classes of General Insurance and enjoys reputation second to none.

 

The management of Reliance Insurance is fully conscious of the challenges lying ahead and has developed a comprehensive strategy which focuses on sustained growth in operations with particular focus on the bottom line and offering reasonable returns to its valued shareholders.

The operations of the Company are run by a team of professionals. Reliance Insurance is one of the most well managed companies in the market. The team is headed by Mr. A Razak Ahmed, Chief Executive & Managing Director, FCII (Chartered Insurer) who strongly believes in team management and dedicated all successes of the Company to all the employees.

 
 
 
 
IFS Rating

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength Rating of Reliance Insurance Company Limited (RICL) at ‘A’ (Single A). Outlook on the assigned ratings is ‘Positive’. The previous rating action was announced on December 29, 2016..

'A with Positive Outlook’

The rating incorporates sound capitalization level of the company that has strengthened over time on account of profit retention. Overall liquidity profile of the company is also considered sound with positive operating cash flows. Strong reinsurance program, improving underwriting performance, increasing market share (in terms of both gross and net premiums) and sustainability & quantum of underwriting profits will continue to be key determinants for future direction of rating.


Download JCR-VIS press release

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Updated On October 30, 2018