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Standard Insurance Ltd (Bangladesh)

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

Standard Insurance Limited (SIL) is a leading General Insurance Company located in Dhaka, Bangladesh. It was incorporated as a public limited company on November 3, 1999, under the Companies Act 1994 and obtained registration from the Controller of Insurance on December 23, 1999, under the Insurance Act 1938. The company has an authorized capital of Tk. 1000 million, divided into 100,000,000 ordinary shares of Tk. 10 each. The sponsor/subscribers have already contributed Tk. 432.96 million to the paid-up capital.

Headquarters
Civil Engineers Bhaban, 69, Mohakhali C/A (Level-05)
Dhaka; Dhaka; Postal Code: 1212

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Website: http://www.standardinsurance.com.bd

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:
November 03, 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 Managing Director
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Director/Member of the Board
Ownership Details
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64.28%
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35.72%
Company Performance
Financial values in the chart are available after Standard Insurance Ltd 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
-22.64%
Operating profit (EBIT)
-41.97%
Net Profit (Loss) for the Period
1.24%
Total assets
1.51%
Total equity
4.62%
Net Premiums Earned Trend
-21.18%
Net Profit Trend
N/A
Return on Equity (ROE)
-0.31%
Loss Ratio
-3.11%
Underwriting Expenses Ratio
6.04%

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