United Insurance reaffirms its IFS rating

LAHORE: The United Insurance Company of Pakistan Limited (the Company) has reaffirmed its Insurer Financial Strength (IFS) rating of AA+ by the Pakistan Credit Rating Agency (PACRA). This rating reflects the Company’s well-established presence within Pakistan’s non-life insurance sector, underpinned by resilient business fundamentals and a consistent operating track record. United Insurance, a flagship entity of the United International Group (UIG), benefits from a diversified group footprint spanning insurance, microfinance, IT, dairy, and vehicle tracking. The Company operates a balanced portfolio comprising approximately 81% conventional insurance and 19% Window Takaful, with ongoing efforts to expand its Takaful segment. The Company’s revenue base remains anchored in the miscellaneous segment, including hospitalization, travel, and bond business, contributing around 43% of Gross Premium Written (GPW). Copyright Business Recorder, 2026

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