REQUEST A DEMO
Total
USD $0.00
Search more companies

Janata Insurance Company Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Janata Insurance Company Limited Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Janata Insurance Company Limited (JICL) is a first-generation Non-Life Insurance Company located in Dhaka, Bangladesh. It was incorporated on September 23, 1986, under the Companies Act 1994. JICL operates in the private insurance sector and offers various types of insurance services, excluding life insurance, in accordance with the Insurance Act, 1938 (repealed by the Insurance Act 2010). The company commenced its business operations on November 6, 1986, after obtaining a registration certificate from the Chief Controller of Insurance. JICL started with a paid-up capital of Taka 30.00 million and authorized capital of Taka 100.00 million, sponsored by leading entrepreneurs and industrialists in Bangladesh. Over time, the authorized and paid-up capital of the company has increased to Taka 1000 million and Taka 466.18 million, respectively, as of December 31, 2022. In 1994, JICL offered 50% of its paid-up capital through an Initial Public Offer (IPO) to the general public and further increased its paid-up capital by issuing rights shares in 2011. The company's ownership is distributed among its sponsors, directors, institutions, and the general public. As of December 31, 2022, the ownership structure is as follows: Sponsor & Directors - 37.05%, Government - 0%, Institute - 10.68%, Foreign - 0%, and General Public - 52.27%. JICL has a board of directors consisting of prominent entrepreneurs and personalities in Bangladesh. The management team comprises highly qualified professionals. Mr. Zafrul Islam Chowdhury chairs the board, and Mr. Mohammad Abu Bakkar Siddique serves as the Chief Executive Officer (CEO) of the company. The company's future plans include expanding its business volume by opening new branches, hiring skilled personnel with technical expertise in the non-life insurance sector, implementing effective marketing strategies, and providing quality services.

Headquarters
Ga/95/D, Link Road, Middle Badda, Gulshan-1
Dhaka; Dhaka; Postal Code: 1212

Contact Details: Purchase the Janata Insurance Company Limited report to view the information.

Website: http://www.jiclbd.com

Basic Information
Total Employees:
Purchase the Janata Insurance Company Limited report to view the information.
Outstanding Shares:
Purchase the Janata Insurance Company Limited report to view the information.
Registered Capital:
Purchase the Janata Insurance Company Limited report to view the information.
Financial Auditors:
Purchase the Janata Insurance Company Limited report to view the information.
Incorporation Date:
September 23, 1986
Key Executives
Purchase this report to view the information.
Chairman
Purchase this report to view the information.
Chief Financial Officer
Purchase this report to view the information.
Vice Chairman
Purchase this report to view the information.
Director/Member of the Board
Purchase this report to view the information.
Director/Member of the Board
Ownership Details
Purchase this report to view the information.
51.04%
Purchase this report to view the information.
39.05%
Purchase this report to view the information.
9.91%
Company Performance
Financial values in the chart are available after Janata Insurance Company Limited report is purchased.
Looking for more than just a company report?

EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets.

Request a demo of the EMIS service
Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net insurance premium revenue
15.47%
Operating profit (EBIT)
12.56%
Net Profit (Loss) for the Period
11.21%
Total assets
14.46%
Investments
0%
Total equity
3.61%
Net Premiums Earned Trend
-46.63%
Net Profit Trend
10.31%
Return on Equity (ROE)
0.6%
Loss Ratio
-2.66%
Underwriting Expenses Ratio
-2.4%

To view more information, Request a demonstration of the EMIS service

Buy this company report
Need ongoing access to company, industry or country information?