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Alpha Insurance Company Limited - Profile
A Subsidiary of State Life Insurance Corporation of Pakistan
Alpha Insurance Company Limited is one of the oldest and financially sound general insurance companies operating in Pakistan. We have the honour of having our Chairman prominent Pakistanis like Mr. Yusuf A. Haroon, Mr. H.B. Tayabji and Mr. Y.N. Chinoy. It underwrites all classes of general insurance business including Health and Accident and is a member of Insurance Association of Pakistan.

Alpha was incorporated in the year 1951 and is a Subsidiary of State Life Insurance Corporation of Pakistan which owns more than 95% of its shareholdings. Alpha in its own right is one of the leading general insurance companies and enjoys very good reputation for providing excellent services to its clients with prompt settlement of claims.

Following are the Members of the Board and the Chief Executive Officer:

Mr. Muhammad Izqar Khan	Chairman / Director
Mr. Muhammad Rashid	Director
Mr. Faisal Mumtaz	Director
Mr. Mushtaq Ahmad	Director
Mr. Muhammad Sohaib Usmani	Director
Mr. Nadeem Bessey	Chief Executive Officer

Some of the salient financials of Alpha are as follows:

Rupees in Million

	2019	2018	2017
Paid up Capital	500	500	500
Retained Earnings & Reserves	205	206	241
Gross Premium	115	83	106
Investment & Bank Balance	796	839	912
Total Assets	1,112	1,216	1,411

Alpha has excellent reinsurance treaties for Fire, Marine, Miscellaneous, Bonds and Engineering Risks with the following reputed world class Re-insurers:

1. M/s. Best Meridian International Insurance Company

2. M/s. Pakistan Re-Insurance Company Limited

3. M/s Luban Re

4. M/s Saudi Re

M/S JCR-VIS Credit Rating Company has rated Alpha as “A” category company with “Negative Outlook”.

National Tax No. : 0709605-4.

Registration No. : (959 of 1951-52) 0000559

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