Adamjee Insurance Management

Management criteria checks 2/4

Adamjee Insurance's CEO is Muhammad Zeb, appointed in Jun 2013, has a tenure of 11.5 years. directly owns 0.002% of the company’s shares, worth PKR300.19K. The average tenure of the management team and the board of directors is 10.8 years and 6 years respectively.

Key information

Muhammad Zeb

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	11.5yrs
CEO ownership	0.002%
Management average tenure	10.8yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO

Muhammad Zeb

11.5yrs

Tenure

Mr. Muhammad Ali Zeb, ECA, has been the Chief Executive Officer of Adamjee Insurance Company Limited since June 4, 2013 and serves as its Managing Director and as Executive Director since May 2013. Previou...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Muhammad Zeb	MD, CEO & Executive Director	11.5yrs	no data	0.0020% PKR 300.2k
Muhammad Nagi	Executive Director of Finance & CFO	10.2yrs	no data	no data
Asif Jabbar	Head of Risk Management	11.3yrs	no data	no data
Syed Ameer Naqvi	Head of Compliance & Claims and Head of Grievance Department	no data	no data	no data
Muhammad Iqbal	Executive Director of Reinsurance & Head of Reinsurance	no data	no data	no data
Adnan Chaudhry	Head of Commercial & Executive Director of Commercial	no data	no data	no data
Imran Ali	Head of Internal Audit & Regulatory Compliance Officer	no data	no data	no data
Asif Bashir	Head of Takaful	no data	no data	no data
- Tameez-ul-Haque	Company Secretary	no data	no data	no data
Zawar Hussain	Shariah Compliance Officer	9.3yrs	no data	no data
Shahraiz Hussain	Actuary	no data	no data	no data
Mufti Muhammad Kaleem	Shariah Advisor	no data	no data	no data

10.8yrs

Average Tenure

Experienced Management: AICL's management team is seasoned and experienced (10.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Muhammad Zeb	MD, CEO & Executive Director	11.6yrs	no data	0.0020% PKR 300.2k
Muhammad Mansha	Chairman of the Board	2.6yrs	no data	0.017% PKR 2.6m
Ibrahim Shamsi	Non-Executive Director	no data	no data	0.0048% PKR 713.3k
Muhammad Jawed	Non-Executive Director	no data	no data	0.00071% PKR 105.5k
Mohammad Hameed	Independent Director	6.5yrs	no data	0.00071% PKR 105.5k
Khawaja Roomi	Independent Director	2.6yrs	no data	2.45% PKR 364.7m
Sadia Mansha	Non Executive Director	5.6yrs	no data	0.00071% PKR 105.5k
Imran Maqbool	Non-Executive Director	12yrs	no data	0.0020% PKR 300.2k

6.0yrs

Average Tenure

Experienced Board: AICL's board of directors are considered experienced (6 years average tenure).

Adamjee Insurance Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

Adamjee Insurance Company Limited Appoints Umer Mansha as Chairman

Adamjee Insurance Company Limited Appoints Manzar Mushtaq as Chief Executive Officer, Effect from May 24, 2022

Less than half of directors are independent

Recent updates

Investor sentiment improves as stock rises 21%

Third quarter 2024 earnings released: EPS: PK₨3.68 (vs PK₨3.46 in 3Q 2023)

First half dividend of B/1.50 announced

Second quarter 2024 earnings released: EPS: PK₨3.27 (vs PK₨1.16 in 2Q 2023)

Price target increased by 15% to PK₨68.00

Less than half of directors are independent

First quarter 2024 earnings released: EPS: PK₨2.90 (vs PK₨1.38 in 1Q 2023)

Upcoming dividend of PK₨1.50 per share

Full year 2023 earnings released: EPS: PK₨7.50 (vs PK₨6.69 in FY 2022)

Price target increased by 13% to PK₨68.00

Third quarter 2023 earnings released: EPS: PK₨3.45 (vs PK₨1.57 in 3Q 2022)

Upcoming dividend of PK₨1.50 per share at 9.7% yield

Investor sentiment improves as stock rises 20%

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of PK₨1.50 per share at 11% yield

Full year 2022 earnings released: EPS: PK₨6.69 (vs PK₨8.41 in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: PK₨1.56 (vs PK₨2.08 in 3Q 2021)

Second quarter 2022 earnings released: EPS: PK₨0.49 (vs PK₨2.02 in 2Q 2021)

Adamjee Insurance Company Limited Appoints Umer Mansha as Chairman

Adamjee Insurance Company Limited Appoints Manzar Mushtaq as Chief Executive Officer, Effect from May 24, 2022

First quarter 2022 earnings released: EPS: PK₨1.66 (vs PK₨2.78 in 1Q 2021)

Price target increased to PK₨66.00

Less than half of directors are independent

Upcoming dividend of PK₨1.50 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS PK₨2.08 (vs PK₨1.19 in 3Q 2020)

Upcoming dividend of PK₨1.50 per share

Second quarter 2021 earnings released: EPS PK₨2.02 (vs PK₨1.17 in 2Q 2020)

First quarter 2021 earnings released: EPS PK₨2.78 (vs PK₨1.40 in 1Q 2020)

Upcoming dividend of PK₨1.25 per share

Full year 2020 earnings released: EPS PK₨5.93 (vs PK₨5.63 in FY 2019)

Full year 2020 earnings released: EPS PK₨5.93 (vs PK₨5.63 in FY 2019)

New 90-day high: PK₨45.03

New 90-day high: PK₨44.65

New 90-day low: PK₨36.00

Third quarter earnings released

New 90-day low: PK₨38.01

Upcoming Dividend of PK₨1.25 Per Share

New 90-day high - PK₨44.38

First half earnings released

New 90-day high - PK₨37.70

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure