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Mercantile Islami Insurance Plc (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Mercantile Islami Insurance Plc 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

Founded in May 1996, Mercantile Islami Insurance PLC has become one of the top players in the general insurance business in Bangladesh. With an authorized capital of Tk. 100.00 Crore and paid-up capital of Tk. 43.10 Crore, the company is listed on the Dhaka Stock Exchange and Chittagong Stock Exchange. It has a wide network of 19 branches across Bangladesh and operates from Sunday to Thursday, from 10am to 6pm. Mercantile Islami Insurance PLC offers a range of insurance products, including Fire Insurance, Marine Insurance, Motor Insurance, and Overseas Mediclaim Policy (OMP). It also provides insurance products for businesses, such as Industrial all Risk insurance, Contractors all Risk insurance, and Property insurance. The company is known for its commitment to customer service and has a dedicated customer service team available on working days. It also invests in technology and innovation, offering a user-friendly website and mobile app for customers to access their insurance information, make payments, and file claims online. Mercantile Islami Insurance PLC is also committed to corporate responsibility and supports various social and environmental initiatives in the communities it operates in. Overall, Mercantile Islami Insurance PLC is a leading insurance company in Bangladesh, offering a wide range of insurance products and services to individuals and businesses. With its focus on customer service, technology, and corporate responsibility, the company is well-positioned for continued success and growth.

Headquarters
Red Crescent House(1St Floor), 61 Motijheel C/A
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.miiplc.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
March 19, 1996
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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34.56%
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34.52%
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30.92%
Company Performance
Financial values in the chart are available after Mercantile Islami Insurance Plc report is purchased.
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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
-6.69%
Operating profit (EBIT)
-29.93%
Net Profit (Loss) for the Period
-55.97%
Total assets
0.93%
Investments
0%
Total equity
1.25%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
-3.44%
Loss Ratio
-2.39%
Underwriting Expenses Ratio
16.81%

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