United Insurance of Pakistan : Presentation - Corporate Briefing Session - 2023

CORPORATE BRIEFING

FOR THE YEAR ENDED DEC 31, 2023

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IMPORTANT DISCLAIMER

THIS PRESENTATION IS NOT AN OFFER OR SOLICATATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT

This presentation has been prepared by The United Insurance Co., of Pakistan Limited (UNIC) solely for information purpose.

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 presentation.

This presentation does not constitute or form part of a prospectus, offering circular or offering memorandum or any offer, solicitation, invitation or recommendation to purchase or sell any securities and no part of it shall from the basis of, or be relied upon in connection with, or act as any inducement to enter into any agreement, contract, commitment or investment decision in relation to any securities. This presentation shall not at all be intended to provide any disclosure upon which an investment decision could be made. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will not be accepted.

Neither UNIC 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 whatever arising from any use of this presentation or its contents or otherwise arising connection with this presentation.

UNIC does not undertake any obligation to update any forward-looking statement to reflect events that occur of circumstances that arise after the date of this presentation and it does not make any representation, warranty (whether express or implied) or prediction that the results anticipated by such forward-looking statements will be achieved. In additions, past performance should not be taken as an indication or guarantee of future results.

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The United Insurance Company of Pakistan Limited, a member of the United International Group (UIG), is at present one of the leading insurance companies providing a wide range of insurance products through its branch network which presently spans over 150 branches across the country.

UNITED

INTERNATION

AL GROUP

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WE'RE LEADING OUR SECTOR AND WORKING WITH OUR CLIENTS TO

ADVANCE THE CAUSE OF SUSTAINABILITY - EVEN IN PLACES WHERE YOU MIGHT NOT EXPECT US.

Company Brief

United was Founded in 1959 by one of the country's leading Industrialist Mr. Fakhruddin Valika, UIC was established

with 20% equity from Pakistan Insurance Corporation (now known as Pakistan Reinsurance Company) as a founder

member of the Company.

Initially authorized to do Life Assurance as well as General Insurance through their expansive network of branches across West Pakistan and East Pakistan (now Bangladesh). UIC was able to offer all specialized products pertaining to the specific requirement of the industries, such as Fire, Marine, Motor, Engineering & Miscellaneous within the scope of the General Insurance Business.

As a composite company, UIC was standing among the three largest Companies and continued to flourish. Under the revolutionary policies Government nationalized its Life Sector in 1970. Being the largest insurance Company secured its obligations through best treaty arrangements with leading Re-insurers from London, Zurich and Munich.

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COMPANY BRIEF

The United Insurance Company's strength lies in the quality products and its wide range of branches all over Pakistan combined with efficient and professional staff.

Unlike our competitors, our offices remain open whole week. Thanks to our dedicated workforce, we are able to cater to our client's needs 24 hours.

UIC is known for providing innovative insurance products that provide quality protection with competitive pricing. We wish to establish a successful partnership with our clients, our staff, and other insurance companies, which respects the interests and goals of each party.

Success can be measured by our clients choosing us because of their belief in our ability to meet or exceed their expectations of price, service, and expertise.

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IFS Rating

AA+ AA+

by PACRAby VIS

PACRA & VIS upgrades IFS Rating "AA+" with "stable" outlook

of The United Insurance Company of Pakistan Limited

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VISION STATEMENT

As an insurance

Company - To be the

"FIRST CHOICE".

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MISSION STATEMENT

By adopting Insurance Technologies will meet the global requirements for the regulators' compliances, enhance confidence of

Shareholders, country's

business community & Generate revenue in shape of taxes.

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