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Middle East Life Insurance Company Public Joint Stock (Iran)

Main Activities: Insurance Carriers
Full name: Middle East Life Insurance Company Public Joint Stock Profile Updated: February 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is mainly engaged in life insurance.
The Company was established in 22 august 2012 as a public joint stock company ,and was registered in the commercial registeration under number 503148 .
The Company was listed in Iran fara Bourse on 20 May 2020
Mission
The Middle East Life Insurance Company uses the latest investment management techniques, risk management, business intelligence, information technology, skilled and empowered, innovation and creation of new products in an effort to fulfill its mission of responding more and more to the needs of our beloved compatriots and Fixing concerns and concerns and ensuring a decent future for all Iranians. Also, life insurance in the Middle East has expanded with the expansion of the life insurance product, the creation of the necessary infrastructure and the marketing and sale of insurance products, along with international life insurance companies, a new era in the field of life insurance services for the country and resolve to engage in trans-regional and international affairs. It is working for itself. In order to achieve its goals and fulfill its mission, Middle East life insurance has put the following actions at the top:
Supplying a variety of life insurance products tailored to the purchasing power and customer s real needs
Emphasis and development on new marketing methods, sales and services of non-affiliated insurance consultants for more customer satisfaction.
Applying the representation network and using the services of insurance brokers
Use of creativity and motivation of young and elite forces along with the use of knowledge and experience of experienced people in the insurance industry.
An attempt to revitalize the life insurance and increase its penetration rate in the country in order to provide future prosperity and social welfare, contribute to economic prosperity and investment in the country.
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Achieving first place in the most advanced life insurance and pension system in the country

Headquarters
Ahmad Qasir Bokharest St Argentina Square, 6Th St, No 7
Tehran; Tehran; Postal Code: 15147-17911

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Website: http://www.melico.ir

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2012
Key Executives
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Chairperson
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Vice 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
Subsidiaries
Ryan System Avae Farda Co. Private Joint Stock Company
Company Performance
Financial values in the chart are available after Middle East Life 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
4.36%
Operating profit (EBIT)
51.83%
Net Profit (Loss) for the Period
52.69%
Total assets
57.93%
Receivables
-99.72%
Total equity
26.22%
Net Premiums Earned Trend
-254.04%
Net Profit Trend
-91.51%
Return on Equity (ROE)
4.4%
Loss Ratio
-5.41%
Underwriting Expenses Ratio
3.74%

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