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BYName: SADIARoll No: 220524


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LIST OF CONTENTS Acknowledgements

Introduction of the Organization..

Nature of the Organization..

Financial Analysis..

SWOT Analysis


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Introduction of the Organization Shaheen Insurancewas incorporated as a public limited

Company in 1995 and is listed on all three stock exchangesof Pakistan. The Company is also registered with CentralDepository Company of Pakistan Ltd. (CDC) and isinvolved in general insurance business.

Shaheen Insurance proven as one of the most reputableand brightest names in the insurance sector since it startedoperations in 1996 and its sustained growth over the lasthalf a decade has secured a place among the Top Fiveinsurers of Pakistan in terms of gross direct premium base.


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Nature of the Organization Vehicles InsuranceIn case of accident damages vehicle is covered withinsurance.

It has two types

Commercial Vehicle and Private Vehicle insurance

Commercial Vehicle Insurance (If the vehicle is used for the

commercial purpose)Private Vehicle Insurance (If the vehicle is used for

personal used


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Marine Insurance

It covers the good in transits destination to destination.

It has three types

Inland Marine Insurance, Export Marine Insurance &

Import Marine Insurance Inland Marine Insurance (It covers within country

destination to destination)

Export Marine Insurance (It covers all exports destination

to destination) Import Marine Insurance (It covers all import destination

to destination


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Building Insurance / Factories / Business Premises

It covers Building, Factories Business premises in case offire.

Stock Insurance

In case of Theft and Fire gives total coverage.


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Departments in Shaheen

Insurance Company Ltd Management

MarketingAccounts / Finance

Claim

Underwriting

Inspection


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Structure of the Finance

Department DIRECTORFNANCECHIEF

FINANCIAL

OFFICER

MANAGERFINANCE

FINANCESECTION

officers/Asst

officers

ManagerAudit/Taxation

TaxationSection

officers/Asst

officers

Auditsection

officers/Asst

officers


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FINANCIAL ANALYSIS 2008-2010

Particulars 2010 2009 2008

Share Capitals and Reserves &Share Holder Equity 196,219,993 225,252,930 207,787,033UnderWriting Provisions 443,475,963 414,469,990 468,826,830Creditors and Accruals 76,538,319 87,413,461 75,197,142

Borrowings 1,072,822 2,134,803 3,031,837Total Other Liabilities 521,486,038 504,417,188 547,454,743

Total Equity and Liabilities 717,706,031 729,670118 755,241,776

Cash and Bank Deposits 136,970,219 132,726,634 166,841,266Loans-Secured and Goods

To Employees 2,136,673 1,390,304 1,406,306Investments 155,721,299 177,519,757 175,907,446Investment Properties 4,551,912 5,089,328 5,626,744Current Assets and Others 357,834,673 361,725,978 352,514,348Fixed Assets 60,491,255 51,218,117 52,945,666

Total Assets 717,706,031 729,670,148 755,241,776


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INCOME STATEMENT

PROFIT AND LOSS ACCOUNTParticulars 2010 2009 2008

REVENUE ACCOUNTNet Premium Revenue 417,388,615 481,636,478 575,731,855

Net Claims (263,40,912) (267,997,443) (333,831,929)

Management Expenses (65,808,956) (59772858) (62,105,292)

Net Commission (62,272,173) (104,711,050) (115,711,351)

Under Writing Results 20,266,574 49,155,127 64,083,283Investment Income 16,670,759 95,615,768 64,649,080

Rental Income 2,085,233 1,831,123 1,743,393

Other Income 6,145,169 7,324,988 1,733,514

General and Administration Expenses (68,087,805) (64,786,278) (69,067,416)

Impairment of non-trading

investment (available for sale) (556,000) (68,138,336) ---------------

Loss/Profit Before Tax (23,476,070) 21,002,392 (63,847,144)

Provision of Tax Current (5,556,867) (3,353,495) (7,905,892)

(Loss)/Profit after Tax 29,032,937 17,465,897 (71,753,036)

Total Income (23,780,007) 5,252,930 12,787,033

(Loss)/Earnings per share of Rs.10 each (1.45) 0.87 3.59

-base and diluted


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RATIO ANALYSISLiquidity Ratios

Liquidity ratios are those types of ratios that indicate the companys capacity tomeet short run obligations

1. Current Ratio2. Quick Ratio

Current Ratio = CurrentAsset

Current Liabilities

Quick Ratio = Current Assets InventoryCurrent Liabilities

Profitability RatiosProfitability ratios are those types of ratios that relate profit to sales andinvestment.

1. Net Profit MarginReturn on InvestmentReturn on Assets


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Net Profit Margin

The net profit margin ratio compares the net profit of the firm to the level ofnet sales.

Net Profit Margin = Net profit after Tax x 100Revenue

Retrun on Investment = Net Profit after Tax x 100

Total Assets Return on Assets = Net Profit after Tax x 100

Total Tangible Assets

Activity Ratios/Turnover RatiosThese ratios indicate whether the firms investments in current and long term

assets are too small or too large.1. Total Assets Turnover2. Fixed Asset Turnover


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Total Assets Turnover

The relationship of net sales to total assets is known as the total asset turnoveror capital turnover ratio.

Total Assets Turnover = Revenue x 100

Total Assets Fixed Asset Turnover

We can calculate a fixed asset turnover ratio to measure utilization of the firms

investment in fixed assets by dividing net sales by net fixed assets.

Fixed Asset Turnover = Revenue x 100

Fixed Assets


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SWOT Analysis of the Specific

BranchStrengths

WeaknessOpportunities

Threats


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STRENGTHShaheen Insurance Company has themarket leader in General Insurance

industry.

Shaheen Insurance is alsocapturing the market in Life and

Health insurance as well.

Marketing Force is very strong ascompare to its competitors.


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WEAKNESSES

People are not aware of its newpolicies due to lack of awareness and

week marketing by company.

Online services provided by ShaheenInsurance are not that much strong as

compared to other competitors.

No proper advertising campaigns.


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OPPORTUNITIES

Utilization of experience and skills.

Hiring more skillful staff to compete with the competitors.

There is a very big market segment as regards awareness of Insurance andawareness of benefits General of insurance which is remained to be

captured by Shaheen Insurance and other insurance companies.


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THREATS

Better and highly qualified personnelhired by the competitors are a big

threat.

Islamic thought of people in theinsurance sector and Takaful

operations are also a big threat forShaheen Insurance Co. Ltd.

The whole insurance sector developingvery rapidly and getting its position in

the market share.

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