Date post: | 03-Jun-2015 |
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Economy & Finance |
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UNIVERSAL INSURANCE LIMITED
GROUP MEMBERS:
Muhammad Faraz Ishaque Mi10MBA073Abdul Waqas Mi10MBA032Hafiz Muhammad Qasim Mi10MBA041Khuzama NasirMi10MBA050Abdul Waheed Mi10MBA061
We, at THE UNIVERSAL INSURANCE COMPANY (UIC) LIMITED recognize the importance of satisfying our customers by consistency provides quality insurance services in accordance with their needs and expectation.
Services Offered
CORPORATE
Property
Engineering
Motor
General
Marine
FINANCIAL ANALYSIS
Data Collection Data Analysis Result of Analysis
DATA COLLECTION30th September
201130th September
2010
Gross premium 364.593 406.169
Net premium 232.613 248.990
(Loss) / Profit from underwriting business 2.188 (6.163)
Net claims (paid & outstanding) (106.795) (131.817)
Management / administrative expenses (181.212) (150.364)
Capital and reserves 181.449 215.130
Loss before taxation (7 4 .446) ( 55 . 2 69)
Loss after taxation (5 2 .944) ( 5 4 . 9 88)
Other comprehensive Income 1. 3 97 -
Add: Balance of unappropriated (Loss)/ profit - b/f (4 3 .631) 44. 4 7 9
Loss available for appropriation ( 9 5 .178) ( 1 0 . 5 09)
DATA RESULTS
2010 2009 2008 2007 2006
Gross premium 503 539 611 550 568
Net premium 329 361 407 372 391
Net claim 177 182 197 187 203
Investment 160 115 145 89 46
Paid up capital 262.50 210 210 120 100
Equity 233 265 257 236 174
Profit/loss before tax
(103) 11 34 63 35
Profit/loss after tax
(86) 8 21 50 24
Underwriting profit/loss
(17) 58 96 75 80
EPS (4.58) 0.48 1.00 4.15 2.00
GRAPHICAL ANALYSIS
-120
-100
-80
-60
-40
-20
0
20
40
60
80
2006 2007 2008 2009 2010
RUPE
ES IN
MIL
LIO
N
PROFIT BEFORE TAX/PROFIT AFTER TAX
PROFIT BEFORE TAX
PROFIT AFTER TAX
160
165
170
175
180
185
190
195
200
205
2006 2007 2008 2009 2010
RU
PEE
S IN
MIL
LIO
N
NET CLAIM
NET CLAIM
0
100
200
300
400
500
600
700
2006 2007 2008 2009 2010
RUPE
ES I
N M
ILLI
ON
GROSS PREMIUM
NET PREMIUM
USE OF INFORMATION TECHNOLGY
Made the business more competitive Empowered the people with knowlede Accelerated performance & reduced COP Opened new ways Improved quality of health & education
Conclusions & Recommendations
increase their business level Sale their products worldwide Use online business transactions Develop websites Accept online payments Effective communication medium
IT TOOLS USED
MS WORD MS EXCELL MS POWERPOINT INTERNET MULTI MEDIA