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Progressive Insurance Company Ltd. (Pakistan)

Main Activities: Insurance Carriers
Full name: Progressive Insurance Company Ltd. Profile Updated: November 23, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is engaged in providing general insurance services in shape of fire, marine, motor and miscellaneous.
VISION:
To grow as a professional and trusted business entity with the objective to play a leading role
in progress of insurance industry and safeguard interest of the policy holders, shareholders,
re-insurance, business associate's partners as a whole.
MISSION:
To strengthen the roots of the company, lifting it way past other Companies to
standout and emerge as one of the leading Insurance Companies of Pakistan.
To restore trust among shareholders and policyholders.
To increase wealth of shareholders by procuring quality business and introducing
new products with competitive edge over others.
To Progress through good governance, recognized corporate and insurance practices
and highly skilled marketing and office staff.
HISTORY:
1987:The Company was incorporated as a Public limited Company in 25. May 1987.
1990:The Company was listed on Pakistan Stock Exchange in 1990.
2009:The Company became suspended in 30, January 2009.

Headquarters
505 5Th Floor, 5Th Floor, Japan Plaza, M.A Jinnah Road
Karachi; Sindh;

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1987
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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65.41%
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20.85%
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6.06%
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0.12%
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0.04%
Company Performance
Financial values in the chart are available after Progressive Insurance Company Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Operating profit (EBIT)
14.55%
Net Profit (Loss) for the Period
12.89%
Total assets
17.57%
Investments
7.82%
Total equity
17.92%
Net Profit Trend
N/A
Return on Equity (ROE)
2.22%

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