ADAMJEE LIFE ASSURANCE COMPANY LIMITED

CORPORATE BREIFING SESSION April 25, 2024

DISCLAIMER

  • THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT
  • This presentation has been prepared by Adamjee Life (ALIFE) solely for information purposes.
  • No representation or warranty express or implied is made thereto, and no reliance should be placed on, the fairness, accuracy, sufficiency, completeness or correctness of the information or any opinion contained herein or any opinion rendered thereto except for the information derived from financial statements for the period ended December 31st, 2023.
  • The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and will not be updated to reflect any developments that may occur after the date of the presentation.
  • Neither ALIFE nor any of its officials, advisors, associates, employees or any person working for, under or on behalf, shall have any responsibility and/or liability of any nature whatsoever (in contract or otherwise) for any loss whatsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
  • The presentation may contain statements that reflect ALIFE's own beliefs and expectations about the future. These forward-looking statements are based on a number of assumptions about the future, which are beyond ALIFE's control. Such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements.

Table of Contents

  1. Organizational Overview
  2. Financial Review
  3. Future Outlook
  4. Critical Challenges & Response
  5. Corporate Social Responsibility

ORGANIZATIONAL OVERVIEW

Company History and Overview

  • Adamjee Life Assurance Company Limited (ALIFE), was incorporated in Pakistan on August 04, 2008, as a public unlisted company to undertake conventional life insurance business
  • ALIFE commenced its business operations on April 24th, 2009
  • The Company was also granted authorization on May 04, 2016, under Rule 6 of Takaful Rules, 2012 to undertake Takaful Window Operations
  • In September 2021, ALIFE had issued right shares valuing Rs. 1.5 billion which were fully subscribed by the parent company (Adamjee Insurance Co. Ltd) to increase its paid up capital to Rs. 2.5 billion.
  • On March 04, 2022, Adamjee Life was listed in Pakistan Stock Exchange (PSX) with symbol of "ALIFE" after Adamjee Insurance Company offered 10% of its holding to the public.

Group Overview

The Nishat Group is recognized as one of

Pakistan's leading conglomerates, commanding a strong presence across vital economic sectors such as Textiles, Cement, Banking, Insurance, Power Generation, Hotel Business, Agriculture, Dairy, and Paper Products.

In addition to its diversified portfolio encompassing nearly every facet of the economy, the Nishat Group proudly upholds a heritage spanning over 70 years in the business realm. Founded in 1951 by the esteemed Pakistani entrepreneur Mian Muhammad Yahya, the group is presently under the leadership of Chairman Mian Muhammad Mansha.

Key Products

Individual Life

Products

  • Individual Life long term non-
    unitized saving cum insurance product
  • Individual Life long term
    unitized saving cum insurance product
  • Term Life pure protection products
  • Riders attached with basic plan i.e. disability benefits and critical illness etc.

Group Life

Products

  • Corporate group life product for employees
  • Group credit life products
    covering members / subscribers' borrowing
  • Decreasing term products for group of members / subscribers'

Digital Products

  • Digital pure insurance covering basic death
  • Hospitalization cash back products covering fixed daily ancillary expenses during hospitalization

Financial Rating

Insurer Financial Strength (IFS) Rating: A++ (A Double Plus)

Outlook: Stable

Rating Agency: PACRA

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Disclaimer

Adamjee Life Assurance Co. Ltd. published this content on 18 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2024 10:35:08 UTC.