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Razi Insurance Company Public Joint Stock (Iran)

Main Activities: Insurance Carriers
Full name: Razi 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

The Company is mainly engaged in all types of insurance.
The Company was established in 9 April 2003, and was registered in the commercial registeration under number 200758.
The Company was listed in Irab Fara Bourse Base Market B on 31 December 2011.
The Company Based on the Law of Establishment of Non-Governmental Insurance Institutions approved September 6, Islamic Consultative Assembly and License No. 2, dated 1/4/9, Central Insurance of the Islamic Republic of Iran Insurance started its activities as the first private insurance company in Iran, with a capital of 1.5 million rials in the beginning of the year. The composition of the shareholders has changed in the year 6 and a number of natural and legal persons are currently operating as shareholders of Razi Insurance Company.
Company assignment
Provide all insurance services with a focus on micro insurance nationally and internationally and make optimal use of financial resources to create benefits for stakeholders.
vision
Leading the way in providing innovative insurance services and plans and achieving the top position in the nation
Organizational values
Customer Orientation
taking part
creativity and innovation
The spirit of continuous learning
responsibility

Headquarters
Gandi Ave, 13Th St, No: 14
Tehran; Tehran; Postal Code: 1517753811

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Website: http://www.razi24.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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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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Chief Executive Officer
Ownership Details
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19.43%
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16.67%
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6.92%
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6.35%
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4.75%
Subsidiaries
Iran Packing Industries Company Public Joint Stock
2.29%
Company Performance
Financial values in the chart are available after Razi 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
68.26%
Operating profit (EBIT)
105.95%
Net Profit (Loss) for the Period
125.96%
Total assets
25.52%
Receivables
35.2%
Total equity
20.29%
Net Premiums Earned Trend
-17.47%
Net Profit Trend
N/A
Return on Equity (ROE)
2.34%
Loss Ratio
-14.09%
Underwriting Expenses Ratio
-11.3%

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