Pak-Qatar Takaful Group, which comprises of Family Takaful and General Takaful, generated a total business of Rs6.1bn and paid Rs2bn in claims in 2014, the company said yesterday. Pak-Qatar Takaful Group reviewed and approved the financial statements of Pak-Qatar Family Takaful (PQFTL) and Pak-Qatar General Takaful (PQGTL) during the group’s board meeting held at the QIIB headquarters here. Gross Contribution for PQFTL was 13.8% higher than the previous year, on the back of a growth in contribution from all lines of business. Gross contribution for PQGTL was slightly lower than that in 2013, but had with it an appropriate mix from all segments. In total, the shareholders’ profitability of both companies amounted to Rs88.3mn (profit before tax) with contribution of Rs56.1mn coming in from PQFTL and Rs32.2mn from PQGTL. The meeting was chaired by Sheikh Ali Abdullah al-Thani, chairman Pak-Qatar Takaful Group. Board members present in the meeting included Said Gul, managing director, Pak-Qatar Takaful Group; Abdulbasit al-Shaibei, Zahid H Awan, Ali Ibrahim al-Abdul Ghani, Dr Stephan Kunowski, M Owais Ansari and M Kamran Saleem, chief financial officer and company secretary.
