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Amin Reinsurance Company Public Joint Stock (Iran)

Main Activities: Reinsurance Carriers
Full name: Amin Reinsurance Company Public Joint Stock Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The main activities of The Company is to carry out reinsurance operations from inside or outside the country in a variety of insurance fields and investing in technical and legal reserves and provisions.
The Company is active in all classes of Reinsurance including life
The Company established as a Private Joint Stock Company under registeration No. 1672 in Kish on 2 July 2003.
The Company changed its legal form to be a Public Joint Stock Company on 12 Junuary 2015.
The Company listed in Iran Fara Bourse Second Market on 15 September 2015.
Other Activities
1- Accept reinsurance and reinsurance policies in all insurance fields from domestic and foreign markets.
2. Establishment, participation or management of internal and external reinsurance funds
3- Applying for reinsurance cover insurance in relation to accepted insurance obligations
4. Investments from the place of capital, reserves, technical and legal reserves and other financial resources of the company in accordance with the relevant rules and regulations.
5- Supply of complementary and supplementary services in the field of reinsurance
6- Perform all necessary actions and transactions
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Achieving the status of a powerful, professional and leading reinsurance insurer in the domestic and regional insurance market and known in the international market.
Strategic goals of the company:
The strategic goals of the company are to determine the direction of movement in the short and long term and to record the position of the company in the domestic and foreign insurance markets, which are:
1- An attempt to protect the company s capital and add to its stock value by adopting appropriate measures
2- Protection and support of the insurance industry and assistance to the country s economic development
3- Efforts and participation in increasing the portfolio and optimizing the maintenance level in the domestic market and preventing foreign currency from leaving the country.
4- Communicating useful, effective and profitable relationships in international markets for reinsurance
5. Investment in accordance with the regulations approved with the aim of profitability and assistance to the economy of the country
6- Communicating with shareholders of insurance companies and other domestic insurance companies
7. Efforts to use expert human resources and transfer of know-how to other companies

Legal Address
Sanaei St. - Andisheh Blvd, N.B.O16
Kish; Hormozgan; Postal Code: 7941778354

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Website: http://www.aminre.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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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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15.1%
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14.99%
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12.75%
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8.96%
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7.32%
Subsidiaries
Azarbayjan Invesment Development Public Joint Stock Company
4.21%
Dashte Morghab Company Public Joint Stock
3.1%
Abshirin Agro-Industry Company Public Joint Stock
1%
Company Performance
Financial values in the chart are available after Amin Reinsurance 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
125.36%
Operating profit (EBIT)
-44.2%
Net Profit (Loss) for the Period
-42.12%
Total assets
26.1%
Receivables
30.53%
Total equity
23.51%
Net Premiums Earned Trend
57.65%
Net Profit Trend
N/A
Return on Equity (ROE)
-14.14%
Loss Ratio
31.46%
Underwriting Expenses Ratio
-3.71%

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