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Phoenix Insurance Co.Ltd (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Phoenix Insurance Co.Ltd Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is engaged in all kinds of non-life insurance business.
The Company is one of the leading first-generation insurance companies in Bangladesh.
The Company s vision:
To be an innovative, profitable; customer-oriented insurance enterprise with a national focus.
The Company s mission :
To provide unparalleled insurance service, protect our policyholders' interest and contribute to the stability of national economy
HISTORY:
1986:The Company was incorporated as a Public Limited Company on November 27, 1986. It obtained registration from former Chief Controller of Insurance, Government of Bangladesh on December 4, 1986.
1986:The Company obtained the Certificate of Commencement of Business on December 1, 1986.
1994:The Company was listed on Dhaka Stock Exchange Limited and on Chittagong Stock Exchange on December 4, 1994, with authorized capital tk 500000 ordinary capital with par value 100 tk.
VAT REGISTRATION number has been changed from 19011002343 to 000000981-0202

Headquarters
Purbani Annex Building (1St Floor), 1/A, Dilkusha Commercial Area, G.P.O Box No.3647
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.phoenixinsurance.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:
1986
Key Executives
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Chairman
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Chief Financial Officer
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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51%
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38%
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11%
Company Performance
Financial values in the chart are available after Phoenix Insurance Co.Ltd report is purchased.
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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
-11.3%
Operating profit (EBIT)
-48.75%
Net Profit (Loss) for the Period
-36.84%
Total assets
-3.92%
Total equity
-5.74%
Net Premiums Earned Trend
N/A
Net Profit Trend
-10.04%
Return on Equity (ROE)
-0.92%
Underwriting Expenses Ratio
28.1%

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