Operating since 1995 as a public limited company, Askari Insurance enjoys the financial backing of Army Welfare Trust which is involved in finance, banking, production of consumer goods and services. About 23 companies from diverse backgrounds fall under the umbrella of AWT where a bulk of these companies is also listed on stock exchanges of the country. Also, Askari General Insurance is listed on Karachi, Lahore and Islamabad stock exchanges and stands as one of the leading companies of AWT.
While providing the conventional insurance coverage like marine, motor and fire, the company also bears the capacity of providing specialised insurance coverage on various engineering risks. Also, the company claims to be the market leader in health insurance business. With a network of about 19 branches, the company maintains its presence in different areas of the country, with its head office based in Rawalpindi.
As for the industry prospects, the insurance industry in Pakistan is lamenting over considerably low level of insurance penetration. However, this should be taken as an opportunity to move forward and expand the industry's market share as the rural population still remains untapped. Also, the industry needs to gear itself on the technological front. While some of the leading insurance companies have already started offering mobile insurance schemes, the rest of the insurers still need to get on the bandwagon to reach out to the rural mass through alternative distribution channels and micro-insurance and Takaful window are two key areas where the industry needs to spread out its wings. Lastly, the importance of creating awareness cannot be denied.

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Askari General Insurance - Financial Highlights
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Rs (mn)                              CY12     CY13    1QCY14
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Net premium revenue                   700      842       235
Net claims                          (373)    (465)     (138)
Expenses                            (195)    (220)      (59)
Net commission                         34       50        17
Underwriting results                  166      207        55
Investment income                      55       65        22
General & administrative expenses   (157)    (147)      (34)
Profit after taxation                  74      119        40
EPS (Rs)                             1.91     3.07      1.03
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