Askari Life Assurance Management

Management criteria checks 2/4

Askari Life Assurance's CEO is Jehanzeb Zafar, appointed in Jul 2022, has a tenure of 2.33 years. directly owns 0.002% of the company’s shares, worth PKR17.04K. The average tenure of the management team and the board of directors is 2.7 years and 4.6 years respectively.

Key information

Jehanzeb Zafar

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.3yrs
CEO ownership	0.002%
Management average tenure	2.7yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO

Jehanzeb Zafar

2.3yrs

Tenure

Mr. Jehanzeb Zafar serves as Chief Executive Officer at Askari Life Assurance Company Limited from July 2022. He was Chief Operating Officer for Askari Life Assurance Company Limited since 2022 until July...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jehanzeb Zafar	CEO & Executive Director	2.3yrs	no data	0.0023% PKR 17.0k
Rehan Mobin	Chief Financial Officer	no data	no data	no data
Muhammad Sharif	COO, Actuary & Head of Risk Management	2.8yrs	no data	no data
Salman Saeed	Head of Human Resource & Administration	no data	no data	no data
Atif Syed	Compliance Lead & Acting Charge of Internal Audit	no data	no data	no data
Khalid Nazir	Head of Corporate Sales	no data	no data	no data
Mohib-ul-Haq Alvi	Head of Reinsurance	no data	no data	no data
Sumair Sarwar	Head of Underwriting	no data	no data	no data
Azfar Khan	Head of Grievance Dept	no data	no data	no data
Sohail Siddiqui	Head of Information Technology	no data	no data	no data
Muhammad Rajput	Company Secretary	2.7yrs	no data	no data

2.7yrs

Average Tenure

Experienced Management: ALAC's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jehanzeb Zafar	CEO & Executive Director	6.6yrs	no data	0.0023% PKR 17.0k
Malik Mahmood	Non-Executive Director	6.8yrs	no data	no data
Ayesha Rafique	Independent Director	6.6yrs	no data	0.0023% PKR 17.0k
Tariq Hameed	Independent Director	no data	no data	0.0023% PKR 17.0k
Rizwan Khan	Non-Executive Director	2.6yrs	no data	no data
Nauman Mahmood	Non-Executive Chairman	less than a year	no data	no data
Kamran Ali	Director	less than a year	no data	no data

4.6yrs

Average Tenure

Experienced Board: ALAC's board of directors are considered experienced (4.6 years average tenure).

Askari Life Assurance Management

Management criteria checks 2/4

Key information

Recent management updates

Askari Life Assurance Company Limited Announces Resignation of Marshal Mohammad Athar Shams from Its Board of Directors

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Third quarter 2024 earnings released: PK₨0.09 loss per share (vs PK₨0.36 loss in 3Q 2023)

New minor risk - Share price stability

Second quarter 2024 earnings released: EPS: PK₨0.03 (vs PK₨0.36 loss in 2Q 2023)

First quarter 2024 earnings released: PK₨380 loss per share (vs PK₨0.35 loss in 1Q 2023)

Full year 2023 earnings released: PK₨1.10 loss per share (vs PK₨1.84 loss in FY 2022)

Askari Life Assurance Company Limited Announces Resignation of Marshal Mohammad Athar Shams from Its Board of Directors

Third quarter 2023 earnings released: PK₨0.36 loss per share (vs PK₨0.46 loss in 3Q 2022)

Less than half of directors are independent

Second quarter 2023 earnings released: PK₨0.36 loss per share (vs PK₨0.69 loss in 2Q 2022)

First quarter 2023 earnings released: PK₨0.35 loss per share (vs PK₨0.35 loss in 1Q 2022)

Less than half of directors are independent

Full year 2022 earnings released: PK₨1.84 loss per share (vs PK₨1.61 loss in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: PK₨0.46 loss per share (vs PK₨0.26 loss in 3Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Third quarter 2021 earnings released: PK₨0.26 loss per share (vs PK₨0.54 loss in 3Q 2020)

Second quarter 2021 earnings released: PK₨0.37 loss per share (vs PK₨0.61 loss in 2Q 2020)

First quarter 2021 earnings released: PK₨0.30 loss per share (vs PK₨0.37 loss in 1Q 2020)

Full year 2020 earnings released: PK₨2.09 loss per share (vs PK₨2.39 loss in FY 2019)

New 90-day low: PK₨6.77

Third quarter earnings released

New 90-day low: PK₨7.40

New 90-day low: PK₨7.70

First half earnings released

New 90-day high - PK₨8.99

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure