Karachi, Askari Life Assurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on December 29, 2022 at Karachi to consider and approve Annual Budget for the Year 2023.

Askari General Insurance Company Limited (AGICO), under the umbrella of AWT, has been operating since 1995 with a prominent standing in Pakistan’s Insurance industry. Askari Life Assurance Co. Ltd is a Public Limited Company with shares traded in Pakistan Stock Exchange (PSX).

Askari Life Assurance Company was incorporated in Pakistan on August 18, 1992 as a public limited company. The Company is engaged in life insurance business including ordinary life business and accidental and health business. Army Welfare Trust is its parent company.

The total numbers of shares are 150,172,014. The Earnings per share is (2.09) in 2020 which was (2.39) in 2019. The Company had a loss of Rs. 238,801,000 in 2020 which was 262,880,000 in 2019.