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Eastern Insurance Co. Ltd. (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Eastern Insurance Co. Ltd. Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Eastern Insurance Co. Ltd. is a general insurance company located in Dhaka, Bangladesh. It was incorporated in 1986 and is listed with the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The company has a network of 25 branches throughout the country, covering important business centers. Eastern Insurance Co. Ltd. offers a wide range of general insurance products and services. It has a reputation for adhering to business norms and ethics, providing personalized customer service, and promptly settling claims. The company has a competent management team with extensive experience in the insurance industry. It operates its business through its branches, which are supervised by the head office. Claims are centrally processed by the head office. Eastern Insurance Co. Ltd. has reinsurance arrangements with SBC and is authorized to underwrite all classes of non-life insurance business. The company has diversified its business by becoming a member of the Chittagong Stock Exchange and forming a subsidiary company called EIC Securities Ltd. It has also made investments in land, the share market, and other sectors of business and industry. Eastern Insurance Co. Ltd. has been given a AAA credit rating by the government-approved Credit Rating Agency based on its premium collection, core services, financial strength, and efficient claims settlement.

Headquarters
44 Dilkusha C/A (2Nd Floor)
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.easterninsurancebd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1986
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Vice Chairman
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Vice Managing Director
Ownership Details
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48%
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38%
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14%
Subsidiaries
Eic Securities Limited
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-5.42%
Operating profit (EBIT)
39.91%
Net Profit (Loss) for the Period
30.13%
Total assets
3.16%
Investments
-2.78%
Total equity
0.46%
Net Premiums Earned Trend
22.08%
Net Profit Trend
N/A
Return on Equity (ROE)
0.75%
Loss Ratio
8.91%
Underwriting Expenses Ratio
-2.35%

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