In the face of economic turmoil and challenging times,
State Life Insurance Corporation shines as a beacon of success and resilience in the insurance industry. Led by the dynamic Mr. Shoaib Javed Hussain, the corporation has achieved remarkable growth in 2022, surpassing all previous business records. With a focus on building a differentiated and profitable organization that exceeds stakeholder expectations, State Life not only drives its own growth but also propels the entire insurance landscape in the country.
State Life's unparalleled performance and strategic growth can be attributed to its highly competent leadership, diversified management, and professional team. State Life has achieved close to a 67% growth compared to the previous year, resulting in an all-time high revenue. It’s Gross Written Premium (GWP) of PKR 286 billion plus surpasses the combined GWP of all other insurance companies in Pakistan, which stands at approximately PKR 127.87 billion. State Life's growth has played a significant role in driving the industry's overall progress, contributing to a nearly 43% growth in the industry in 2022. State Life Insurance Corporation's market share in 2022 has increased close to 70%, compared to 55% plus in the previous year, which is close to 24% growth in the market share as well.
