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Paramount Insurance Company Ltd (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Paramount 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

Paramount Insurance Company Ltd is a leading third generation Non-Life Insurance Company located in Dhaka, Bangladesh. It was established in November 1999 and has a paid-up capital of Taka 33.22 crore and authorized capital of Taka 60.00 crore. The company has built a strong reputation and has gained the trust of its clientele over the years. It has expanded its network by establishing 12 branches across the country. The company receives guidance from its Chairman, Mr. Nawaz Ahmad, who is a respected entrepreneur and insurance personality in Bangladesh. Paramount Insurance has ten sponsor/sponsor Directors who belong to influential industrial establishments and business houses in the country. The company has emerged as one of the top insurance companies in Bangladesh. Paramount Insurance has a re-insurance treaty agreement with Sadharan Bima Corporation, which allows it to accept risks of any magnitude and underwrite general insurance business. The company settles claims promptly and has been credited with an "AA" credit rating for its excellent customer service and fast payment of insurance claims.

Headquarters
House 22, Level Ii, V -Vii, Road 113/A, Gulshan Circle 2
Dhaka; Dhaka; Postal Code: 1212

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Website: http://www.paramountinsurancebd.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:
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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57.59%
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42.41%
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
-8.2%
Operating profit (EBIT)
-34.68%
Net Profit (Loss) for the Period
-32.99%
Total assets
1.55%
Investments
0%
Total equity
0.46%
Net Premiums Earned Trend
N/A
Net Profit Trend
1.98%
Return on Equity (ROE)
-2.56%
Loss Ratio
-3.1%
Underwriting Expenses Ratio
11.57%

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