Reliance Insurance Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

A. Ahmed

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	28.5yrs
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	13.2yrs

Recent management updates

Recent updates

CEO

A. Ahmed

28.5yrs

Tenure

Mr. A. Razak Ahmed has been Chief Executive and Managing Director of Reliance Insurance Company Limited since November 1, 1995 and serves as its Executive Director.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
A. Ahmed	CEO, MD & Executive Director	28.5yrs	no data	no data
Ghulam Haider	Senior VP & CFO	less than a year	no data	no data
Muhammad Memon	Chief Manager of Investment & Shares	no data	no data	no data
Muhammad Alam	Deputy Chief Manager of Administration	no data	no data	no data
Faraz Razzak	Company Secretary & Compliance Officer	less than a year	no data	no data
Muhammad Ali	Chief Manager of I.T. Department	no data	no data	no data
Abdul Patni	Chief Manager & Head of Reinsurance	no data	no data	no data
Muhammad Dhedhi	Executive Vice President of Business Plaza Branch	no data	no data	no data
Nisar Chughtai	Senior Vice President of Al-Rehman Branch	no data	no data	no data
Zafar Pasha	Executive Vice President of Tariq Road Branch	no data	no data	no data
Muhammad Akhlaq	Senior Vice President of Taj Plaza Branch	no data	no data	no data
Muhammad Anjum	Senior Vice President of Hasilpur Branch	no data	no data	no data

0.8yrs

Average Tenure

Experienced Management: RICL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
A. Ahmed	CEO, MD & Executive Director	28.5yrs	no data	no data
Zia Zakaria	Non-Executive Director	4yrs	no data	0.0089% PKR 51.8k
Noor Zakaria	Non-Executive Director	21.3yrs	no data	5.29% PKR 30.8m
Ahmed Ali Amin Bawany	Non-Executive Director	23.3yrs	no data	4.24% PKR 24.7m
Muhammad Omar Bawany	Non-Executive Director	29.3yrs	no data	0.59% PKR 3.5m
Irfan Bawany	Chairman of the Board	33.3yrs	no data	6.18% PKR 36.0m
Naeem Shafi	Independent Director	5yrs	no data	0.0089% PKR 51.8k
Muhammad Patel	Non-Executive Director	5yrs	no data	0.0089% PKR 51.8k
Tasneem Yusuf	Independent Director	5yrs	no data	0.0089% PKR 51.8k
Jahangir Adam	Independent Director	5yrs	no data	0.0089% PKR 51.8k

13.2yrs

Average Tenure

Experienced Board: RICL's board of directors are seasoned and experienced ( 13.2 years average tenure).

Reliance Insurance Management

Management criteria checks 1/4

Key information

Recent management updates

Reliance Insurance Company Limited, Annual General Meeting, Apr 29, 2024

Less than half of directors are independent

Less than half of directors are independent

Reliance Insurance Company Limited Announces Chief Financial Officer Changes

Less than half of directors are independent

Less than half of directors are independent

Recent updates

First quarter 2024 earnings released: EPS: PK₨1.49 (vs PK₨0.23 in 1Q 2023)

Upcoming dividend of PK₨1.00 per share

Reliance Insurance Company Limited, Annual General Meeting, Apr 29, 2024

Full year 2023 earnings released: EPS: PK₨2.58 (vs PK₨0.66 in FY 2022)

Dividend of PK₨1.00 announced

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 19%

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 25%

Third quarter 2023 earnings released: EPS: PK₨0.70 (vs PK₨0.22 in 3Q 2022)

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: PK₨0.42 (vs PK₨0.10 loss in 2Q 2022)

Less than half of directors are independent

Reliance Insurance Company Limited Announces Chief Financial Officer Changes

Investor sentiment improves as stock rises 22%

Investor sentiment improves as stock rises 22%

Upcoming dividend of PK₨0.50 per share at 7.1% yield

Full year 2022 earnings released: EPS: PK₨0.70 (vs PK₨0.84 in FY 2021)

Less than half of directors are independent

Investor sentiment deteriorates as stock falls 17%

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: PK₨0.23 (vs PK₨0.15 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Inaugural dividend of PK₨0.50 per share

Reliance Insurance Company Limited, Annual General Meeting, Apr 30, 2022

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS PK₨0.16 (vs PK₨0.56 in 3Q 2020)

Second quarter 2021 earnings released

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS PK₨0.32 (vs PK₨0.69 loss in 1Q 2020)

Full year 2020 earnings released: EPS PK₨1.22 (vs PK₨1.27 in FY 2019)

New 90-day high: PK₨7.68

New 90-day high: PK₨7.50

New 90-day high: PK₨7.24

Reliance Insurance Company Limited to Report First Half, 2020 Results on Aug 27, 2020

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure