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United Insurance Company Limited (Bangladesh)

Main Activities: Funds, Trusts, and Other Financial Vehicles
Full name: United Insurance Company Limited Profile Updated: July 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

United Insurance Company Limited (UICL) is a non-life insurance company located in Dhaka, Bangladesh. It was established in 1985 and has maintained the traditional values of insurance business since then. UICL offers a wide range of non-life insurance products, including Health and Overseas Mediclaim insurance. The company has a strong reputation and expertise in the insurance field, along with a sound and stable financial position. UICL has a small Board of Directors with diverse experience in various professional fields. It is the only insurance company in Bangladesh that has a linkage with Duncan Brothers (Bangladesh) Ltd., an associate of the multinational company Camellia Plc UK. Additionally, United Finance Ltd., a leading non-banking financial institution, is an associate company of UICL.

Headquarters
Camellia House, 22 Kazi Nazrul Islam Avenue, Gpo Box No: 3569
Dhaka; Dhaka; Postal Code: 1000

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

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1985
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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10%
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10%
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10%
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7.6%
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6.67%
Subsidiaries
Amo Tea Company Ltd
Camellia Duncan Foundation
Duncan Brothers (Bangladesh) Ltd
Company Performance
Financial values in the chart are available after United Insurance Company Limited 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
2.34%
Operating profit (EBIT)
-69.25%
Net Profit (Loss) for the Period
6.82%
Total assets
-9.44%
Investments
15.58%
Total equity
-17.87%
Net Premiums Earned Trend
-4.98%
Net Profit Trend
N/A
Return on Equity (ROE)
0.95%
Loss Ratio
3.08%
Underwriting Expenses Ratio
-0.17%

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