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Asia Insurance Company Public Joint Stock (Iran)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Asia Insurance Company Public Joint Stock Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report


Bimeh Asia ( Asia Insurance Co.) was established in 1959. The company was registered with the companies Registration Department under 6795 in the same year. In accordance with an act of the Islamic Revolutionary Council and the Nationalization of Insurance Institutes bill, Bimeh Asia was nationalized in 1980. The company's activities includes insurance and reinsurance in all fields. It is noteworthy that Bimeh Asia is authorized to perform any activity beneficial to the company's objectives, including establishment of subsidiary companies and purchasing shares of other companies. The company has expanded it's activity throughout Iran during all these years. Presently Bimeh Asia has 83 branches and more than 1500 agencies supervised by 13 area managers in more than 380 Iranian cities.

Headquarters
No 299,Taleghani St, Po Box: 15815-1885
Tehran; Tehran;

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Website: http://www.bimehasia.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1959
Key Executives
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Chairperson
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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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14.08%
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6.75%
Subsidiaries
Amin Reinsurance Company Public Joint Stock
14.99%
Refah Chain Stories Company Public Joint Stock
0.39%
Sobhan Darou Public Joint Stock Company
0.5%
Company Performance
Financial values in the chart are available after Asia Insurance Company Public Joint Stock 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
56.45%
Operating profit (EBIT)
-24.03%
Net Profit (Loss) for the Period
-26.71%
Total assets
40.26%
Receivables
54.42%
Total equity
12.78%
Net Premiums Earned Trend
-3.41%
Net Profit Trend
13.69%
Return on Equity (ROE)
-2.84%
Loss Ratio
-5.56%
Underwriting Expenses Ratio
-3.61%

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