IGI Holdings

What IGI Holdings does

IGI Holdings Limited is a Pakistan-based investment holding company operating within the Packages Group conglomerate. Incorporated in 1953 (originally as International General Insurance, a joint venture between Alliance PLC UK and the Ali Group) and listed on the Pakistan Stock Exchange under the symbol IGIHL since 1987, the entity was restructured in 2017-2018 into a holding company structure and renamed from IGI Insurance Limited to IGI Holdings Limited. The holding company manages securities and financial instrument investments while operating through wholly-owned subsidiaries covering general insurance, life insurance, securities brokerage, and private investment vehicles.

The group's product portfolio spans fire, motor, marine, travel, health, personal accident, and home insurance through IGI General Insurance (the largest insurer by market capitalization in Pakistan, rated AA by PACRA); life insurance, accident and health cover, retirement planning, family takaful, and wealth management via IGI Life Insurance (acquired from MetLife ALICO in April 2014); Shariah-compliant general takaful products; equity, fixed income, forex, and commodity brokerage through IGI Finex Securities (a TREC holder of the Pakistan Stock Exchange and corporate member of the Pakistan Mercantile Exchange, with approximately 43% commodity market share); and the IGI Investments private investment vehicle. Distribution occurs through Karachi headquarters and Lahore branch offices, a centralized call center (UAN 111-308-308), 125+ partner hospitals for cashless health claims, bancassurance and bancatakaful partnerships with NJI Life, Pak-Qatar Family Takaful, and Pak Kuwait Takaful, and a PAMADA automobile dealer panel.

Revenue is generated through insurance premiums (recurring), brokerage and transaction commissions, and investment income on the holding portfolio. Pricing for insurance products is quote-based and not publicly disclosed. Headcount is in the 501-1000 range. The group reports AA insurance financial strength ratings and ISO 9001:2008 certification, distributes recurring dividends (55% final and 25% interim for fiscal year 2025), and operates with full SECP and PSX regulatory compliance.

Name

IGI Holdings

Legal name

IGI Holdings Limited

Website

https://igiholdings.com.pk

Company type

Public

Founded year

1953

Operating status

Operating

Headcount range

501–1,000 employees

Short description

IGI Holdings Limited is a Pakistan-based investment holding company within the Packages Group, operating subsidiaries in general insurance, life and takaful insurance, securities brokerage, and investment management. It serves retail and corporate customers across Pakistan via direct branches and partner distribution channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Others

Revenue model

1. Insurance Premiums (General & Life): IGI Holdings generates primary revenue through its wholly-owned subsidiaries: IGI General Insurance (property and casualty insurance including fire, motor, marine, travel, health, personal accident, and home insurance) and IGI Life Insurance (life insurance, accident and health insurance, retirement planning, family takaful, and wealth management). Premium income constitutes the core revenue stream across both general and life insurance operations.
2. Brokerage & Securities Commission: IGI Finex Securities (established 1994, wholly-owned subsidiary) generates revenue through equity trading, fixed income investments, forex, and commodity brokerage services. IGI Securities is a TREC holder of Pakistan Stock Exchange and corporate member of Pakistan Mercantile Exchange. The company commands approximately 43% market share in commodity trade.
3. Investment Income & Holding Company Returns: As an investment holding company, IGI Holdings invests, acquires, sells, and holds securities and financial instruments. Following the 2017 amalgamation, certain investments were transferred to IGI Investments (Private) Limited. Revenue includes returns on the investment portfolio and dividends from subsidiaries.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

IGI Holdings Limited is an investment holding company that invests in, acquires, sells, and holds securities and financial instruments through its wholly-owned subsidiaries: IGI General Insurance (fire, motor, marine, travel, health, personal accident, and home insurance), IGI Life Insurance (life, accident and health, retirement planning, family takaful, and wealth management), IGI General Takaful (Shariah-compliant insurance), IGI Finex Securities (equity, fixed income, forex, and commodity brokerage), and IGI Investments. The company serves both retail and corporate customers in Pakistan through branch offices, call center, and partner distribution networks.

Product overview

IGI Holdings is an investment holding company with a portfolio of financial services subsidiaries operating under a unified group structure. The core holding company manages securities and financial instruments investments, while operational subsidiaries include IGI Life Insurance (life, health, accident insurance and takaful), IGI General Insurance (fire, motor, marine, travel, home insurance - the largest by market cap), IGI Investments (private investment vehicles), and IGI Finex Securities (brokerage and trading services including the STOCK PRO mobile platform). The group also operates IGI General Takaful for Islamic insurance products. The product architecture is a holding-company-plus-operating-subsidiaries model where the parent provides strategic investment management while subsidiaries deliver distinct insurance and securities services to retail and corporate customers.

Differentiator

Problem solved

Functional benefit

Brands

• IGI Life: Life insurance, accident and health insurance, retirement planning, family takaful and wealth management solutions
• IGI General
• IGI General Takaful
• IGI Investments
• IGI Securities

Products and services

• General Insurance
• Life Insurance
• IGI General Takaful
• Securities Brokerage Services
• Investment Holding Company Services
• STOCK PRO Mobile Trading Platform
• Fund Select Portal Web-based portal providing corporate and retail investors with online access to information concerning their investments and the industry, including details on mutual fund investments and industry information.

Quantifiable outcome

• Largest insurance company by market capitalization in Pakistan
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered minor and core.

• OPIC (Overseas Private Investment Corporation, USA)minorStrategic or Co-development Partner · 1 November 2009IGI Insurance signed an MoU with OPIC (U.S. government agency facilitating investment in emerging markets) to jointly insure US investors in Pakistan against Political Risks. OPIC has $4 billion in reserves and the backing of the US Government. IGI Insurance serves as the channel through which this political risk insurance product is offered in Pakistan for the first time.
• Pak-Qatar Family Takaful LimitedminorChannel Partner/ Reseller/ Distributor · 24 July 2009IGI Investment Bank signed a distribution agreement with Pak-Qatar Family Takaful Limited to add Family (Life) Takaful insurance products to its insurance advisory services. Clients can access Shariah-compliant takaful products through IGI Investment Bank's distribution channel.
• Pak Kuwait Takaful Company Limited (PKTCL)minorChannel Partner/ Reseller/ Distributor · 13 April 2009IGI Investment Bank signed a bancatakaful agreement with PKTCL (a multinational joint venture between Pakistan, Kuwait, Malaysia, Saudi Arabia, and Sri Lanka) to offer Shariah-compliant general takaful products to bank customers seeking an Islamic alternative to conventional insurance.
• New Jubilee Life Insurance Limited (NJI Life)minorChannel Partner/ Reseller/ Distributor · 6 March 2009IGI Investment Bank and NJI Life (subsidiary of Aga Khan Fund for Economic Development) signed a bancassurance agreement, enabling NJI Life's life insurance products to be offered through IGI Investment Bank's advisory and distribution channel.
• PAMADA (Pakistan Automobile Manufacturers Authorized Dealers Association)minorChannel Partner/ Reseller/ Distributor · 23 February 2009IGI Insurance signed an agreement with PAMADA to include IGI Auto Cover (comprehensive automobile insurance) in PAMADA's exclusive panel of automobile insurance providers for prospective car buyers. PAMADA serves Honda, Toyota, Mitsubishi, Suzuki dealers and independent auto dealers.
• Packages LimitedcoreOthersPackages Limited is the parent/group company of IGI Holdings within the Packages Group conglomerate. It is a manufacturing concern involved in production and sale of packaging materials and tissue products. IGI Holdings is part of this diversified business group.
• Tri-Pack Films Ltd.minorOthersA joint venture between Mitsubishi Corporation of Japan and Packages Group, providing customers with dependable, economical and quality films backed by strong customer services. An associated company within the Packages Group ecosystem.
• IGI General Insurance Limited (Subsidiary)coreOthersWholly-owned subsidiary of IGI Holdings, headquartered in Karachi. The largest insurance company by market capitalization in Pakistan. Rated AA by PACRA. Offers fire, motor, marine, travel, health, personal accident, and home insurance.
• IGI Life Insurance Limited (Subsidiary)coreOthersWholly-owned subsidiary acquired in April 2014 from MetLife Alico (American Life Insurance Company Pakistan Ltd.). Provides life insurance, accident and health insurance, retirement planning, family takaful and wealth management solutions.
• IGI Investments (Private) Limited (Subsidiary)coreOthersWholly-owned subsidiary incorporated on October 31, 2016, formed for the transfer of the investment segment of IGI Insurance Limited as per the Scheme of Arrangement sanctioned by the Sindh High Court.
• IGI Finex Securities Limited (Subsidiary)coreOthersWholly-owned subsidiary established in 1994, TREC holder of Pakistan Stock Exchange and corporate member of Pakistan Mercantile Exchange. A prestigious name in Pakistan's financial services industry with approximately 43% market share in commodity trade.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Adamjee Insurance Company Limited: One of the largest general insurers in Pakistan, offering fire, marine, motor, and health insurance. Directly comparable to IGI General Insurance as a top-tier PSX-listed Pakistani insurer competing for the same corporate and retail policyholders.
• Askari Insurance Company Limited: Pakistani general insurance company listed on PSX with similar product mix (fire, motor, marine, health) and bancassurance distribution, competing head-to-head with IGI General in the corporate and SME segments.
• EFU General Insurance Limited: One of the oldest and largest general insurers in Pakistan, providing a comparable full suite of non-life products. A direct competitor to IGI General for corporate accounts and reinsurance placements.
• Jubilee General Insurance Company Limited: Pakistani general insurer offering motor, fire, marine, health, and travel coverage. Competes with IGI General across retail and corporate channels on PSX.
• EFU Life Assurance Limited: Largest private-sector life insurer in Pakistan. Direct peer to IGI Life Insurance for life, accident & health, and retirement planning products in the same regulatory and distribution environment.
• Jubilee Life Insurance Company Limited: Pakistan-listed life insurer offering individual life, group life, and takaful products. Direct comparable to IGI Life Insurance on bancassurance, individual life, and family takaful lines.
• Habib Insurance Company Limited: Pakistani general insurer with comparable PSX-listed status and product breadth, competing with IGI General for mid-market and corporate business.
• Topline Securities (Private) Limited: Leading Pakistani brokerage firm and PSX Trading Right Entitlement Certificate (TREC) holder. Direct competitor to IGI Finex Securities in equity and commodity brokerage and research.

Broad incumbents

• State Life Insurance Corporation of Pakistan: Pakistan's largest state-owned life insurer with dominant market share. Comparable to IGI Life for life and group insurance products, but operates at significantly greater scale as an incumbent public-sector entity.

Others

• Packages Limited: The parent/group company of IGI Holdings within the Packages Group conglomerate and a diversified manufacturer of packaging, tissue, and consumer products. Comparable as the controlling shareholder and ecosystem partner rather than a direct insurance competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/igi-holdings-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IGI Holdings