Universal Insurance : Transmission of Quarterly Report for the Period Ended March 31, 2023
May 26, 2023 at 10:16 am
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Condensed Interim
Financial Information
For the Period Ended
March 31,
2023
63rd
YEAR OF
CONTINUOUS
SERVICES
Vision and Mission Statement / Quality Policy
02
Corporate Information
03
Board & Management Committees
04
Director's Review Report
05
Statement of Financial Position
07
Statement of Pro?t or Loss
08
Statement of other Comprehensive Income
09
Statement of Changes in Equity
10
Statement of Cash Flows
11
Notes to the Condensed Interim Financial Statements
13
THE UNIVERSAL INSURANCE COMPANY LIMITED
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01
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SECURITY
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SERVICES
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PROSPERITY
We, at Universal Insurance Company Limited recognize the importance of satisfying our customers by consistently providing quality insurance service in accordance with their needs and expectations. We strive to be competent partner of our customers against insured perils.
We, strive to provide our customers cost effective insurance cover by continually increasing the productivity of our employees. To increase productivity, we conduct regular training programs during which employees are assessed and allocated a career path in accordance with their performance.
We diligently follow the applicable laws ensure strict compliance by conducting regular internal audit and educating our employees about the law.
We try to improve our services by continually assessing our systems and procedures bases on customers and team feedback. We strive to maintain a customer focused approach by ensuring that our service is delivered to the customer on time, according to the customer required specifications and with in our stipulated Cost.
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Universal Insurance Co Ltd. published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 09:15:35 UTC.
The Universal Insurance Company Limited is a Pakistan-based company, which is engaged in non-life insurance business. The Company operates through four segments: Fire and property damage, Marine and Transport, Motor, and Others. The Fire and property damage insurance provides coverage against damages caused by fire, riot and strike, explosion, earthquake, atmospheric damage, flood, electric fluctuation, and other related perils. The Marine and transport insurance provides coverage against cargo risk, war risk, damages occurring in inland transit and other related perils. The Motor accident insurance provides car coverage, indemnity against third party loss and other related coverages. Its Others segment provides coverage against burglary, loss of cash in safe and cash in transit, engineering losses, personal accident, boiler damage and other coverages. The Company's operations are carried-out in Pakistan. The Company's subsidiary is Bibojee Services (Pvt.) Limited.