VIS Credit Rating Company Limited (VIS) has maintained Insurer Financial Strength (IFS) rating of ‘AA+ (IFS)’ (Double A Plus IFS) of The United Insurance Company of Pakistan Limited (UICPL or ‘the Company’). The IFS rating of ‘AA+’ denotes very strong capacity to meet policyholders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small. Outlook on the assigned rating has been changed from ‘Rating Watch – Developing’ to ‘Stable’. Previous rating action was announced on May 27, 2025.

The rating assigned to UICPL reflects the sound business profile of the United International Group (UIG), which has diversified business interests across insurance, IT, dairy, and vehicle tracking. As the flagship entity of the group, UICPL maintains a strong competitive position among leading general insurers in Pakistan and continues to expand its takaful operations, which now contribute a meaningful share to overall gross premiums.

Applicable Rating Criteria: General Insurance: https://docs.vis.com.pk/docs/GeneralInsurance-2023.pdf

VIS Issue/Issuer Rating Scale : https://docs.vis.com.pk/docs/VISRatingScales.pdf