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Nitol Insurance PLC (Bangladesh)

Main Activities: Insurance Agencies and Brokerages
Full name: Nitol Insurance PLC Profile Updated: July 24, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

The Company is engaged in all kinds of insurance other than life insurance.
Vision:
Our vision is the Apex of Success. We have to reach to that goal by our modern thinking, hard labour, time-worthy decision, modernization digitalization, sincerity and unparalleled services. We are committed to our slogan: Your Security is our Responsibility.
Mission:
To provide the financial security to our clients, with utmost good faith, sincerity and dedications.
To provide service to the insuring community, according to their need and expectation.
To conduct business fairly, honestly and with transparency.
History:
1999:The Company was incorporated on October 4, 1999.
2005:The Company was quoted on Dhaka Stock Exchange on November 29, 2005 and on Chittagong Stock Exchange Ltd. on October 10, 2005, with authorized shares TK 500 million.

Headquarters
Police Plaza Concord, Tower - 2, (6Th Floor), Plote - 2, Road - 144, Gulshan - 1
Dhaka; Dhaka; Postal Code: 1212

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Website: http://www.nitolinsurance.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:
January 13, 1999
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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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
6.99%
Operating profit (EBIT)
67.4%
Net Profit (Loss) for the Period
13.86%
Total Assets
8.11%
Investments
-19.69%
Total Equity
5.22%
Net Premiums Earned Trend
5.95%
Net Profit Trend
N/A
Return on Equity (ROE)
0.26%
Loss Ratio
0.85%
Underwriting Expenses Ratio
1.16%

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