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Company Profile

The Company
Reliance Insurance was incorporated as a Public Limited Company in 1981 and is listed on Karachi & Lahore Stock Exchanges in Pakistan. The Company is also registered with Central Depository Company of Pakistan Ltd. (CDC) and is involved in general insurance business.

Reliance Insurance proven as one of the most reputable and brightest names in the insurance sector since it started operations in 1981 and its sustained growth has secured a place among the leading insurers of Pakistan.

The Sponsors
Reliance Insurance has the unique distinction of being jointly owned by two prestigious industrial groups of Pakistan. Its major sponsors are Al-Noor Group and Amin Bawany Group a brief about them is as follows:-

1. Al-Noor Group – The Founder
Al-Noor Group headed by renowned industrialist Mr. Ismail H. Zakaria who is also the Chairman of Reliance Insurance. Al-Noor Group comprises of the following companies besides holding in Reliance Insurance Company Ltd.:-

    1. Al-Noor Sugar Mills Limited
    2. Al-Noor Sugar Mills Ltd. – MDF Board Div.
    3. Shahmurad Sugar Mills Limited
    4. Shahmurad Sugar Mills Ltd. – Distillery Div
    5. First Al-Noor Modaraba Company Ltd.
    6. Noori Trading Company (Pvt.) Limited.

2. Bawany Group – An Eminent Business Group
Mr. Amin Ahmed Bawany a renowned well honored industrialist is the founder member of Bawany Group comprising of the following companies and known as one of the financially most-sound corporate industrial entity in Pakistan.

    1. Faran Sugar Mills Ltd.
    2. Ayesha Bawany Academy (Wakf)
    3. Unicol Limited
    4. Sind Particle Board Mills Ltd.
    5. B.F. Modaraba Ltd.

Capital Structure
Strong financial position is a prerequisite for reliable insurance coverage. Reliance Insurance started its operation, way back in 1981 with paid-up Capital of Rs.2 million and now its paid-up capital has grown & well strengthened at the following levels:-

Authorized Capital...................... PKR 750 million
Paid-up Capital.......................... PKR 510 million
The shareholder’s Equity has risen to Rs.813 million while General Reserves stood at Rs.220 million. The total assets of the Company exceed psychological billion mark.

Branches Network
Reliance Insurance has a nationwide branch network with 25 operating stations spread in all major cities of Pakistan. To accelerate growth and meet challenges of increasing competition, the infrastructure of the Company is being continuously developed and strengthened.
New branches are being established to expand our presence in the country and to better serve the customers.
Reinsurance (Treaty & Facultative)
Reliance Insurance strongly believes that its re-insurers are like business partners. It is pertinent to emphasize that the security of strong reinsurance gives financial reliability and lend credibility in the market.
We have excellent re-insurance treaty arrangements with foreign & local re-insurers of world repute.

 
© Reliance Insurance Company Limited