Profitability growth of Hafez insurance by 1365%

According to the financial news report, citing public relations, the annual general meeting of Hafez Insurance Company was held with the maximum number of members, and the favorable performance of the board of directors was praised by announcing the increase in profitability by 1,365% and raising the capital to 500 billion Rials.

In this forum, Mahmoud Dodangeh, the chairman of the board of directors and chairman of the forum, presented a report on the improvement of financial prosperity from level two with 72% to level one with one hundred and ten percent in 1400 and added that this improvement can be achieved up to one hundred and seventy percent for the coming year. It is an improvement.

Referring to the payment of more than one thousand billion Rials in damages and the settlement of all pending cases, he stated that reforming the composition of the portfolio is one of the important measures that took place in the year 1400.

Dodangeh also considered the reduction of the loss ratio from 114% in 99 to 56% in fiscal year 1400 and the reduction of the third share of the company’s insurance portfolio from 71% to 54% in two fiscal years as important achievements of the company and confirmed the goals of the researcher. done in the last financial year can be a good foundation for the jump of the company’s performance in the coming year.

It should be mentioned that in the report of the board of directors, the increase of capital next year from five hundred billion rials to three thousand billion rials was revealed as the main goal.