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Mellat Insurance Company Public Joint Stock (Iran)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Mellat Insurance Company Public Joint Stock Profile Updated: November 24, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Mellat Insurance Co. is a nationally licensed insurance company. Mellat Insurance provides the ability and the experience to bring a vast array of insurance products to both individual consumers and businesses.
The principals in Mellat Insurance management team have over 30 years of specialized insurance and technology experience. Our underwriting staff uses some of the largest insurance carriers. These skill sets and industry relationships have produced a revolutionary processing and fulfillment system along with impeccable customer service and satisfaction standards.
Mellat Insurance has been responsible for bringing forward a suite of revolutionary insurance technology products. Our in-house "think tank" approach will enable us to strategize and partner with the nation's leading insurance carriers in developing technology products that are used to streamline all aspects of the marketing, sales, underwriting, and customer service components of the business.
For example Mellat Insurance has already proven the viability of online marketing and sales directly via Internet and electronically to a variety of consumers.
Let Mellat Insurance show you the difference. Whether you're a business, an insurance agency, an insurance carrier, or an individual consumer -- we have the ability to handle your needs.
The global and Iran insurance industry is in constant flux: new opportunities, emerging markets and the never-ending challenge of regulation and risk. Our information is relied on by key participants in the industry and we are committed to providing the best possible service and quality of information.

Headquarters
Vanak Square, Haqqani Highway Does Not Reach Jahan Kodak Crossroads, No. 48
Tehran; Tehran; Postal Code: 1517973913

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Website: http://www.melat.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
Ownership Details
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18%
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12%
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11%
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10%
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4%
Subsidiaries
Bahman Investment Company Public Joint Stock
10%
Arzesh Afarinan Investment Company Public Joint Stock
2.95%
Paxan Company Public Joint Stock
1.71%
Company Performance
Financial values in the chart are available after Mellat 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
292.45%
Operating profit (EBIT)
280.29%
Net Profit (Loss) for the Period
212.53%
Total assets
201.29%
Investments
48.58%
Receivables
496.42%
Total equity
11.29%
Net Premiums Earned Trend
226.22%
Net Profit Trend
-229.96%
Return on Equity (ROE)
3.84%
Loss Ratio
-15.04%
Underwriting Expenses Ratio
-10.25%

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