Last Updated : 17/May/2017
 

Alpha Insurance Company Limited

A Subsidiary of State Life Insurance Corporation of Pakistan

National Tax No. : 0709605-4

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



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 approximate 94% 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.
 
The present Board of Directors is as under:
 
Mr. Ghufran Memon Chairman
Mr. Ajaz Ali Khan Managing Director
Mr. Jamil Anwar Director
Mr. Mushtaq Ahmed Shah Director
Mr. Muhammad Rashid Director
Mr. Mushtaq Ahmad Director
Mr. Fazal -ur- Rehman Director
 
Some of the salient financials of Alpha are as follows:
 
Paid up Capital    403 million
Retained Earnings & Reserves 2016    216 million
Gross Premium 2016    151 million
General Investment & Bank Balance 2016    733 million
Total Assets 2016    1106 million
 
Alpha has excellent reinsurance treaties for Fire, Marine, Miscellaneous, Bonds and Engineering Risks with the following reputed world class Re-insurers:
 
M/S Pak Re (PRCL)
M/S Luban Re
M/S Saudi Re
M/S Emirates Re
 
 
Alpha Insurance Company Limited also has special treaty arrangement of Terrorism and Marine Hull.
 
M/S JCR-VIS Credit Rating Company has rated Alpha as “A” category company with “Stable Outlook”.
 

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