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Bime Ma Company Public Joint Stock (Iran)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Bime Ma 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

MA Insurance Co. is an Iranian insurer, based in Tehran. It was set up in 2011 to provide all kinds of insurance activities, including property, liability and engineering and personal insurance, as well as reinsurance services. Its founding shareholders included a group of well-established entities, including Bank Mellat, which aimed to capitalize on their good reputation and significant market coverage and become among the top insurers in the non-governmental sector. MA insurance has over 30 branches across Iran.

Headquarters
No 9, Vanak St, Vanak Sq
Tehran; Tehran; Postal Code: 1994618317

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Website: http://www.bimehma.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2011
Key Executives
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Vice Chairperson
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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16.55%
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14.96%
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14.46%
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13.6%
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6.67%
Subsidiaries
Mellat Leasing Company Public Joint Stock
2%
Company Performance
Financial values in the chart are available after Bime Ma 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
125.12%
Operating profit (EBIT)
48.72%
Net Profit (Loss) for the Period
41.6%
Total assets
60.75%
Receivables
135.38%
Total equity
40.31%
Net Premiums Earned Trend
41.58%
Net Profit Trend
30.04%
Return on Equity (ROE)
0.32%
Loss Ratio
6.34%
Underwriting Expenses Ratio
-5.3%

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