United Insurance of Pakistan : Transmission of Annual Report for the Year Ended 31-12-2021

Rated by: PACRA & VIS

KEY INFORMATION 2021

AA+

Rated by: PACRA & VIS

RupeesinMillions

6,580	5,722	2,068
Premium	Premium	Gross
2021	2020	Claims
(Including Takaful	(Including Takaful
Contribution)	Contribution)
10,543	1,057	809
Total	Profit	Profit
Assets	Before Tax	After Tax
950	1,696	4,318
Underwriting	Total	Shareholders
Results	Investments	Equity

CONTENTS

COMPANY INFORMATION

01

Key Information

04

United International Group

08

Board of Directors

13

The United Insurance Company at a Glance

10

Corporate Information

INVESTOR INFORMATION

15

Six Years at a Glance

16

Vertical Analysis

CORPORATE GOVERNANCE

06

Corporate Calendar

11

Key Management Personnel

07

Vision / Mission Statement & Core Values

12

Banks &

Leasing Companies

18

20

Horizontal AnalysisSegment wise Outline

26

Chairman's Review Report

27

Chief Executive's Message

28

Directors Report to the members

41

وک نیکارا ٹروپر زرٹکیرئاڈ

42

Report on Corporate and Financial Reporting Framework

46

Code of

Conduct & Business Ethics

47

Independent Auditor's Review Report on the Statement of Compliance

48

Statement of Compliance with the Code of Corporate Governance for Listed Companies

52

53

Statement Under Section Pattern of

46 (6) of the Insurance Ordinance, 2000

Shareholding

2United Insurance Company of Pakistan Limited

FINANCIAL STATEMENTS

57	58	64	65
Financial	Independent Auditor's	Statement of	Profit and
Statements	Report	Financial Position	Loss Account
66	67	69	70
Statement of	Cash flow	Statement of	Notes to and Forming
Comprehensive Income	Statement	Changes in Equity	Part of the Financial
Statements
136	149	150	152
Our	WINDOW TAKAFUL	Shariah Auditor's Report	Shariah Advisor's Report
Branches	OPERATIONS	on Compliance	to the Board of Directors
FINANCIAL STATEMENTS
153	156	157	158
Independent Auditor's	Statement of	Profit and	Statement of
Report	Financial Position	Loss Account	Comprehensive Income
159	161	162
Cash Flow	Statement of Changes in	Notes to and Forming Part
Statement	Operator's and	of the Financial Statements
Participants' Takaful Funds

ANNUAL GENERAL MEETING

212	226	227
Notice of Annual General	Notice of Annual General	Proxy Form
Meeting	Meeting Urdu