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Alborz Insurance Public Shareholding Company (Iran)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers | Reinsurance Carriers
Full name: Alborz Insurance Public Shareholding Company Profile Updated: November 01, 2020
Buy our report for this company USD 29.95 Most recent financial data: 2020 Available in: English Download a sample report

Alborz Insurance Company (AIC) was established as a private entity on 21st July 1959 with the primary aim of providing superior quality insurance services, generating diversity in insurance business and obtaining customer satisfaction. Within a short period of commencing its activities, the company was able to obtain the confidence of owners of capital and commodities.
After the victory of the glorious Islamic revolution, due to its successful prior record, AIC continued its operations under the same name. following the execution of general policies of principle 44 and necessity of privatization of state insurance companies , 80 percent of alborz insurance company shares was divested to the private sector through stock exchange market and was very welcome by stock investors and activities , thus a state insurance company again changed.

Legal Address
No:1320,Shariati Ave,Above Zafar Alley Aban
Tehran; Tehran; Postal Code: 1913777151

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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:
1959
Key Executives
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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19.9%
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18.72%
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17.34%
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13.06%
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9.5%
Company Performance
Financial values in the chart are available after Alborz Insurance Public Shareholding Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IRR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
19.25%
Operating profit (EBIT)
1866.22%
Net Profit (Loss) for the Period
1745.74%
Total assets
91.09%
Receivables
217.91%
Total equity
399.69%
Net Premiums Earned Trend
-5.61%
Return on Equity (ROE)
32.71%
Loss Ratio
7.71%

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