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Progressive Life Insurance Company Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Progressive Life Insurance Company Limited Profile Updated: October 29, 2024
Buy our report for this company USD 19.99 Most recent financial data: 2019 Available in: English Download a sample report

Progressive Life Insurance Company Limited is a life insurance company located in Dhaka. The company offers a range of traditional life insurance products, including individual and group policies, as well as pension and health insurance. Their product offerings include Single insurance, Micro insurance, Group life insurance, Macro insurance, Whole Life Assurance Plan, Endowment Assurance Plan, Single Premium Assurance Plan, Marriage Assurance Plan, Child Protection Plan, Pension Assurance Plan, and Personal Pension Plan. The company also provides micro insurance policies specifically designed for lower income groups. Additionally, they offer tailor-made corporate options for group life insurance coverage to organizations. Their Group Life and Health Scheme includes Group Life Term Insurance Scheme, Group Life Endowment Insurance Scheme, and Health Care Group Scheme. The company was incorporated in 2000 and is located at Dhaka, Bangladesh.

Headquarters
National Scout Bhaban (4,5,6,7 11Th Floor), 70/1 Inner Circular Road, Kakrail
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.progressivelife.com.bd

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:
2000
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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Director/Member of the Board
Ownership Details
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54.7%
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45.3%
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
-45.68%
Operating profit (EBIT)
-34.35%
Net Profit (Loss) for the Period
-33.61%
Total assets
-0.83%
Investments
-0.1%
Total equity
12%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
-5.34%
Loss Ratio
-23.71%
Underwriting Expenses Ratio
13.07%

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