ASKARI LIFE ASSURANCE COMPANY LIMITED

REPORT FOR THE HALF YEAR ENDE JUNE 30, 2023

Table of Content

Our Vision, Mission & Corporate Values ------------------------------------------------------------

01

Company Information-----------------------------------------------------------------------------------

02

Directors' Review ---------------------------------------------------------------------------------------

05

Directors' Review (Urdu) ------------------------------------------------------------------------------

07

Auditors Review Report -------------------------------------------------------------------------------

10

Condensed Interim Statement of Financial Position------------------------------------------------

13

Condensed Interim Statement of Comprehensive Income-----------------------------------------

14

Condensed Interim Cash Flow Statement -----------------------------------------------------------

15

Condensed Interim Statement of Changes in Equity -----------------------------------------------

16

Notes to Condensed Interim Financial information ------------------------------------------------

17

Branch network------------------------------------------------------------------------------------------

39

VISION

To be a trusted, globally acknowledged, top rated Financial Solutions Providing Company.

MISSION

To uplift the financial well-being of Policy Holders, Customers, Advisors, Employees; and Shareholder profitability by continuously reinforcing deep commitment to our Core Values.

CORE VALUES

1. FINANCIAL ACUMEN

We believe in empowering our customers through need based packaged financial solutions to cater specific needs with an extensive distribution network.

2. CUSTOMER CARE

We believe in creating value for society by optimizing customer experience through superior financial advisory that makes positive difference in our customer's life.

3. ETHICAL CONDUCT

We believe in exhibiting and ensuring honesty and integrity at all times by encouraging open communication, transparency and humility.

4. SUSTAINABILITY

We believe in generating revenue from multiple channels to build a strong asset base for long term sustainable income and growth for the Trust.

COMPANY INFORMATION

Board of Directors

Lt. Gen. Naveed Mukhtar (Retd.)-Chairman

Air Vice Marshal Muhammad Athar Shams (Retd)

Rizwan Ullah Khan

Malik Riffat Mahmood

Tariq Hameed

Ayesha Rafique

Javed Yunus

Jehanzeb Zafar- CEO

Board Committees

Audit Committee:

Tariq Hameed

Chairman

Rizwan Ullah Khan

Member

Malik Riffat Mahmood

Member

Muhammad Nadeem Rajput

Secretary

Investment Committee:

Malik Riffat Mahmood

Chairman

Air Vice Marshal Muhammad Athar Shams (Retd)

Member

Jehanzeb Zafar

Member

Azmatullah Sharif

Member

Rehan Mobin

Member

Muhammad Nadeem Rajput

Secretary

Ethics, Human Resource Remuneration & Nomination Committee:

Ayesha Rafique

Chairperson

Rizwan Ullah Khan

Member

Air Vice Marshal Muhammad Athar Shams (Retd)

Member

Jehanzeb Zafar

Member

Waqas Waseem

Secretary

Management Committees

Risk Management & Compliance Committee:

Air Vice Marshal Muhammad Athar Shams (Retd)

Chairman

Tariq Hameed

Member

Jehanzeb Zafar

Member

Azmatullah Sharif

Member

Rehan Mobin

Member

Atif Shamim Syed

Member & Secretary

Underwriting & Reinsurance Committee:

Air Vice Marshal Muhammad Athar Shams (Retd)

Chairman

Jehanzeb Zafar

Member

Azmatullah Sharif

Member

Sumair Sarwar

Member & Secretary

Claim Settlement Committee:

Rizwan Ullah Khan

Chairman

Jehanzeb Zafar

Member

Rehan Mobin

Member

Bushra Aftab

Member & Secretary

Appointed Actuary

Shujat Siddiqui, MA, FIA, FPSA

Akhtar & Hasan (Pvt.) Ltd.

Legal Advisor

Saiduddin & Co

External Auditor

RSM Avais Hyder Liaquat Nauman- Chartered Accountants (Chartered Accountants)

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Disclaimer

Askari Life Assurance Company Ltd. published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2023 07:34:25 UTC.