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Prime Insurance Company Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Prime Insurance Company Limited Profile Updated: October 28, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Prime Insurance Company Limited, located in Dhaka, is the first ISO 9001:2008-certified general insurance company in Bangladesh. Established in 1996, the company is a second-generation private non-life insurance company. It is listed with the Dhaka Stock Exchange Ltd. and is one of the leading non-life insurance companies in the country. Prime Insurance offers a wide range of general insurance products, including fire insurance, burglary insurance, marine insurance, motor insurance, engineering insurance, aviation insurance, ship builders liability insurance, and various types of miscellaneous insurance, including health insurance. The company is committed to delivering innovative products and services while prioritizing safety, security, and sustainability. Prime Insurance has been recognized for its excellence and has received international awards and accolades. It has played a significant role in the growth and development of the non-life insurance industry in Bangladesh.

Headquarters
Unique Heights, 117, Kazi Nazrul Islam Avenue (9Th Floor)
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.prime-insurance.net

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:
1996
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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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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49.02%
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30.04%
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20.94%
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
28.61%
Operating profit (EBIT)
2%
Net Profit (Loss) for the Period
-15.66%
Total assets
10.77%
Investments
0%
Total equity
5.66%
Net Premiums Earned Trend
N/A
Net Profit Trend
12.27%
Return on Equity (ROE)
-1.46%
Loss Ratio
2.8%
Underwriting Expenses Ratio
-11.05%

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