The 37th Annual General meeting was held on Tuesday 30th April 2019 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 12.00 noon 31-10-2019 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'.
Financial Report of Third Quarter ended 30-09-2019 (Un-audited) has been announced and available for download.
Financial Report of Second Quarter ended 30-06-2019 (Un-audited) has been announced and available for download.
Financial Report of First Quarter ended 31-03-2019 (Un-audited) has been announced and available for download.
Financial Report ended 31-12-2018 has been announced and available for download.
Financial Report of Third Quarter ended 30-09-2018 (Un-audited) has been announced and available for download.
Financial Report of Second Quarter ended 30-06-2018 (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 24 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 rating was announced on December 31, 2018.

'A with Positive Outlook’

The assigned rating reflects sound capitalization level and liquidity profile of the company. Underwriting quality is also considered prudent as claims ratios (both gross and net) remain on the lower side. Strong reinsurance program and sustainability in quantum of underwriting profits will continue to be key determinants for future direction of rating.


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Updated On October 30, 2019