8 July 2026
Askari General Insurance Company Limited is a Pakistan-based general insurer headquartered at 3rd Floor, AWT Plaza, The Mall, Rawalpindi. Its President & Chief Executive Officer is Mr. Abdul Waheed, and its Chairman is Lt Gen Nauman Mahmood (Retd).dps.psx.com
Company Overview
Askari General Insurance Company Limited provides general insurance and window takaful services, with business spanning motor, health, fire and property, marine, aviation and transport, and miscellaneous insurance lines. The company describes its strategy as focused on governance, profitability, growth, digital transformation, and customer service.dps.psx.com
The company’s published history in the annual report positions it as a long-established insurer operating under a growth-oriented vision and mission. Its 2024 report highlights continuing expansion of business volume, technology upgrades, and stronger operating performance.dps.psx.com
Financials
For the year ended 31 December 2024, Askari General Insurance reported gross premium written of Rs. 6,511,591 thousand, profit after tax of Rs. 655,900 thousand, and earnings per share of Rs. 9.12. The company’s 2023 comparatives were gross premium written of Rs. 5,550,192 thousand, profit after tax of Rs. 432,518 thousand, and earnings per share of Rs. 6.02.dps.psx.com
Using profit after tax as the profit measure, the 2024 profit margin was approximately 10.1% versus about 7.8% in 2023, based on gross premium written. Profit after tax rose by about 51.7% year over year, while gross premium written increased by about 17.3%, indicating improved scale and profitability.dps.psx.com
The annual report also states that profit before tax increased to Rs. 1,060,091 thousand in 2024 from Rs. 772,427 thousand in 2023. This was supported by stronger underwriting results and a 47% increase in investment income.dps.psx.com
Financial Snapshot
| Item | 2024 | 2023 | YoY change |
| Gross premium written | Rs. 6,511,591k | Rs. 5,550,192k | +17.3% dps.psx.com |
| Profit after tax | Rs. 655,900k | Rs. 432,518k | +51.7% dps.psx.com |
| Profit margin | 10.1% | 7.8% | +2.3 pts dps.psx.com |
| EPS | Rs. 9.12 | Rs. 6.02 | +51.5% dps.psx.com |
Future Plans
The company’s stated forward strategy centers on digital transformation, operational efficiency, improved regulatory compliance, and a better customer experience. Its annual report specifically cites an Enterprise Architectural Revamp, the Motor Claims Management System, expanded digital health services, and enhanced cyber-security infrastructure as ongoing strategic investments.dps.psx.com
Management also points to continued growth in Window Takaful operations and expects that trend to persist in the coming years. The outlook section notes that Pakistan’s economic recovery, monetary easing, and fiscal measures may support future growth, while inflation and reinsurance costs remain sector-wide constraints.dps.psx.com
No major merger or restructuring plan is highlighted in the report. Instead, the company emphasizes organic growth, technology-led modernization, and disciplined underwriting as its principal direction.dps.psx.com