Realization of profit of 1223 billion tomans in Pasargad Insurance

According to the financial news report According to Risk News, Pasargad Insurance Company with a capital of 58.174 billion rials achieved a net profit of 569 billion tomans in the spring of 1401.

In the summer, the net profit reached 654 billion tomans, so that the total unrealized profit in the first half reached 1.223 billion tomans (21 tomans per share).

The net insurance premium (maintenance share) of Pasargad Insurance reached 1.726 billion Tomans during this period, which was an 80% growth compared to the same period before.

The investment income of this company from insurance sources did not change much and reached 1035 billion tomans. Also, insurance income was 2.875 billion tomans.

In the expenses department, general and administrative expenses increased by 50% compared to the previous period. The average insurance costs also increased by 82% compared to the previous period.

Net damages and benefits paid increased by 68% to 1.077 billion Tomans. Despite all this, the net profit of Pasargad Insurance in the first half of this year was accompanied by a slight decrease of 4% compared to the previous similar period.