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Parsian 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: Parsian Insurance Company Public Joint Stock Profile Updated: March 27, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Parsian Insurance Company Public Joint Stock is located in Tehran, Iran. It was established on March 29, 2003, with a fully paid-up capital of IRR 160 billion. The company obtained its business license in all insurance fields on May 18, 2003, from the Central Insurance of IR Iran. It started its operations as a private insurance company on the same day. The current fully paid-up capital of the company is IRR 13,000 billion. Parsian Insurance Company is involved in direct insurance operations in both life and non-life insurance fields. It also acquires reinsurance coverage for the policies it issues, following the regulations of the Central Insurance of IR Iran. The company makes investments using its capital, technical and legal reserves. Additionally, it accepts reinsurances from other domestic insurance institutes, including governmental and non-governmental insurance companies registered in free zones, in accordance with the measures set by the Central Insurance of IR Iran.

Headquarters
No. 22, Qobadiyan St., Above Of Mirdamad Blvd, Valiasr Ave
Tehran; Tehran; Postal Code: 1969633391

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Website: http://www.parsianinsurance.ir

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2003
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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20.46%
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16.97%
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16.76%
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9.9%
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9.21%
Subsidiaries
Ava Pars Reins Company Public Joint Stock
15%
Binalood Agriculture & Husbandary Company Public Joint Stock
1.1%
Parsian E-Commerce Company Public Joint Stock
0.17%
Company Performance
Financial values in the chart are available after Parsian 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
80.98%
Operating profit (EBIT)
-54.23%
Net Profit (Loss) for the Period
-49.65%
Total assets
45.29%
Investments
-76.09%
Receivables
59.97%
Total equity
1.24%
Net Premiums Earned Trend
28.84%
Net Profit Trend
N/A
Return on Equity (ROE)
-14.32%
Loss Ratio
-1.52%
Underwriting Expenses Ratio
-2.64%

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