BY Name: SADIA Roll No: 220524

LIST OF CONTENTS
Acknowledgements
Introduction of the Organization.. Nature of the Organization..

Financial Analysis.. SWOT Analysis

Introduction of the Organization

Shaheen Insurance was incorporated as a public limited

Company in 1995 and is listed on all three stock exchanges of Pakistan. The Company is also registered with Central Depository Company of Pakistan Ltd. (CDC) and is involved in general insurance business.
Shaheen Insurance proven as one of the most reputable

and brightest names in the insurance sector since it started operations in 1996 and its sustained growth over the last half a decade has secured a place among the Top Five insurers of Pakistan in terms of gross direct premium base.

Nature of the Organization

Vehicles Insurance

In case of accident damages vehicle is covered with insurance. 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

 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

 Building Insurance / Factories / Business Premises

It covers Building, Factories Business premises in case of fire.

Stock Insurance

In case of Theft and Fire gives total coverage.

Departments in Shaheen Insurance Company Ltd

Management Marketing

Accounts / Finance
Claim Underwriting Inspection

Structure of the Finance Department

DIRECTOR FNANCE
CHIEF FINANCIAL OFFICER

Manager Audit/Taxation

MANAGER FINANCE

Audit section

Taxation Section FINANCE SECTION

officers /Asst officers

officers /Asst officers

officers /Asst officers

FINANCIAL ANALYSIS 2008-2010

Particulars
Share Capitals and Reserves & Share Holder Equity UnderWriting Provisions Creditors and Accruals Borrowings Total Other Liabilities Total Equity and Liabilities Cash and Bank Deposits Loans-Secured and Goods To Employees Investments Investment Properties Current Assets and Others Fixed Assets Total Assets

2010
196,219,993 443,475,963 76,538,319 1,072,822 521,486,038 717,706,031 136,970,219 2,136,673 155,721,299 4,551,912 357,834,673 60,491,255 717,706,031

2009
225,252,930 414,469,990 87,413,461 2,134,803 504,417,188 729,670118 132,726,634 1,390,304 177,519,757 5,089,328 361,725,978 51,218,117 729,670,148

2008
207,787,033 468,826,830 75,197,142 3,031,837 547,454,743 755,241,776 166,841,266 1,406,306 175,907,446 5,626,744 352,514,348 52,945,666 755,241,776

INCOME STATEMENT PROFIT AND LOSS ACCOUNT

Particulars REVENUE ACCOUNT
Net Premium Revenue Net Claims Management Expenses Net Commission

2010
417,388,615 (263,40,912) (65,808,956) (62,272,173)

2009
481,636,478 (267,997,443) (59772858) (104,711,050)

2008
575,731,855 (333,831,929) (62,105,292) (115,711,351)

Under Writing Results 20,266,574 Investment Income 16,670,759 Rental Income 2,085,233 Other Income 6,145,169 General and Administration Expenses (68,087,805) Impairment of non-trading investment (available for sale) (556,000) Loss/Profit Before Tax (23,476,070) Provision of Tax Current (5,556,867) (Loss)/Profit after Tax 29,032,937 Total Income (23,780,007) (Loss)/Earnings per share of Rs.10 each -base and diluted (1.45)

49,155,127 95,615,768 1,831,123 7,324,988 (64,786,278) (68,138,336) 21,002,392 (3,353,495) 17,465,897 5,252,930 0.87

64,083,283 64,649,080 1,743,393 1,733,514 (69,067,416) --------------(63,847,144) (7,905,892) (71,753,036) 12,787,033 3.59

RATIO ANALYSIS
Liquidity Ratios
Liquidity ratios are those types of ratios that indicate the companys capacity to meet short run obligations 1. Current Ratio 2. Quick Ratio Current Ratio = CurrentAsset Current Liabilities
Quick Ratio =

Current Assets Inventory Current Liabilities

Profitability Ratios
Profitability ratios are those types of ratios that relate profit to sales and investment. 1. Net Profit Margin Return on Investment Return on Assets

 Net Profit Margin

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

Net Profit Margin = Net profit after Tax x 100 Revenue 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 Ratios

These ratios indicate whether the firms investments in current and long term assets are too small or too large. 1. Total Assets Turnover 2. Fixed Asset Turnover

 Total Assets Turnover

The relationship of net sales to total assets is known as the total asset turnover or 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 Fixed Assets

x 100

SWOT Analysis of the Specific Branch

Strengths Weakness

Opportunities
Threats

 STRENGTH
Shaheen Insurance Company has the market leader in General Insurance industry.

Shaheen Insurance is also capturing the market in Life and Health insurance as well.

Marketing Force is very strong as compare to its competitors.

 WEAKNESSES
People are not aware of its new policies due to lack of awareness and week marketing by company.

Online services provided by Shaheen Insurance are not that much strong as compared to other competitors.

No proper advertising campaigns.

 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 and awareness of benefits General of insurance which is remained to be captured by Shaheen Insurance and other insurance companies.

 THREATS
Better and highly qualified personnel hired by the competitors are a big threat.

Islamic thought of people in the insurance sector and Takaful operations are also a big threat for Shaheen Insurance Co. Ltd.

The whole insurance sector developing very rapidly and getting its position in the market share.