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Karnaphuli Insurance Company Ltd (Bangladesh)

Main Activities: Insurance Carriers
Full name: Karnaphuli Insurance Company Ltd 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

Karnaphuli Insurance Company Ltd is a non-life insurance company located in Dhaka, Bangladesh. It was incorporated on November 23, 1986, under the Companies Act 1913. The company obtained the certificate of registration for carrying on general insurance business on the same day. Karnaphuli Insurance Company Ltd started its business on November 25, 1986, with a paid-up capital of Tk. 3.00 crore and authorized capital of Tk. 30.00 crore. Over the years, the company has increased its paid-up capital through various means, and as of the end of 2022, it stood at Tk. 44.87 crore with an authorized capital of Tk. 60.00 crore. The company's shares are listed with the Dhaka Stock Exchange Ltd under the A category issue. Karnaphuli Insurance Company Ltd has a strong capital base, ethical business standards, corporate culture, and corporate governance. It is known for its superior underwriting skills and dynamic investment management. The company's head office is located at Meghna Life-Karnaphuli Bima Bhaban, 11/B & D, Toyenbee Circular Road, Motijheel, Dhaka.

Headquarters
Biman Shaban (3Rd Floor), 100, Motijheel Commercial Area
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.kiclbd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1986
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Vice Chairman
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Director/Member of the Board
Ownership Details
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66.67%
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30.85%
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2.48%
Company Performance
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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
14.27%
Operating profit (EBIT)
-21.3%
Net Profit (Loss) for the Period
-10.9%
Total assets
1.99%
Total equity
2.68%
Net Premiums Earned Trend
-8.25%
Net Profit Trend
-8.84%
Return on Equity (ROE)
-1.04%
Loss Ratio
8.29%
Underwriting Expenses Ratio
14.99%

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