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Taavon Insurance Company Public Joint Stock (Iran)

Main Activities: Insurance Carriers
Full name: Taavon 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 main activity of the company is to perform direct insurance operations in various fields of life and non-life insurance based on the activity license issued by the Central Insurance of the Islamic Republic of Iran.. - Acceptance of reinsurance from domestic or foreign insurance companies within the relevant regulations In compliance with the maintenance capacity of the company and the criteria announced by the Central Insurance of the Islamic Republic of Iran....- Investment from the place of capital, technical and legal reserves and reserves within the framework of the criteria of the Supreme Insurance Council.
The Company was established as a Public Joint Stock Company and was registered in the commercial registeration under number 433049 on 26 December 2012.
The Company was listed in iran fara bourse on 2 November 2013.
The main goal of Taavon Insurance Company:
Taavon Insurance Company is trying to take steady steps in the industry and provide desirable service by employing top managers and experts, providing a platform for technical, specialized and experimental services, and by prioritizing customers needs.
In addition to common insurance, Taavon Insurance Company is able to provide consultation on a variety of insurance coverages required by the insurers as well as devising and submitting novel insurance products.

Headquarters
Shahid Beheshti St. - Ghaem Magham Farahani St, Sixth Alley - No. 22 - Cooperative Insurance Building
Tehran; Tehran;

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Website: http://www.taavon-ins.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
Ownership Details
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19.99%
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10%
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10%
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9.4%
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8.52%
Company Performance
Financial values in the chart are available after Taavon 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
85.55%
Operating profit (EBIT)
19.03%
Net Profit (Loss) for the Period
39.1%
Total assets
55.36%
Receivables
73.99%
Total equity
1.13%
Net Premiums Earned Trend
37%
Net Profit Trend
N/A
Return on Equity (ROE)
1.51%
Loss Ratio
0.37%
Underwriting Expenses Ratio
-2.38%

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