Sarmad’s new step towards wealth creation and more profit

According to the financial news, the capital increase of Sarmad Insurance was approved by the shareholders at the extraordinary general meeting of shareholders on December 14 this year, and on December 28, the company’s board of directors announced in a clear clarification that the necessary permits were obtained from the central insurance and the documents were submitted to the administration. Company registration has been sent.

Now this company has officially unveiled the final registration of capital increase and the CEO of Sarmed is determined to gradually implement reforms in this company with the capital reaching 676 billion tomans and in the first goal to achieve a 2% share of the insurance market with the role of sales network and will be representatives. The capital increase of the mentioned company, which was registered in the Tehran Companies and Non-Commercial Institutions Registration Office on 25th of February 1401, was carried out from the place of asset reassessment, and without a doubt, due to the passing of Sarmad Insurance from the margins and the result of stability and calmness of the last year, for promotion and profit making and More wealth creation requires a distinct capital charge.

Beheshti Nejad, as the head of Sarmad Insurance, appreciated the efforts of Yaqub Rashnavadi, the former CEO of Sarmad, in his latest statement, saying: The company’s performance in attracting portfolios was successful, but this is not enough and the company’s success process should continue and we should try to focus on Keep our goals. Stating that Sarmad Insurance Company is on a good path, he emphasizes: we must continue these successes by focusing on professionalism and program orientation.

Since accepting the responsibility of Sarmad Insurance, he has spoken less and is more evaluating and planning for the future. Therefore, everyone is waiting for the unveiling of plans and possible changes for this company to enter the second decade of life, which is the decade of maturity and progress. Sarmad Insurance, as the youngest insurance company among the top 8 insurance companies in the country, is now entering a new period of maturity and of course stability, and it seems that the future strategic policy, in addition to strengthening the satisfaction of policyholders and shareholders, will attract new customers and Strengthening the sales network and modernizing the financial structure, especially in the field of investment, professional insurance and moving with the plan. A clear path that will guarantee profit and wealth creation.

Positive effect on profitability and competitiveness of Sarmad
With the final registration of the capital increase of Sarmad Insurance, it is expected that the way to increase the profit of this company and improve the stock return situation will be smoother with the improvement of financial prosperity and the increase of power in the market. Roshan insurance is safe, the trust of the shareholders will be in future plans and changes. Even though by increasing the registered capital, Sarmad can increase the share of maintenance and acceptance of insurance premium based on the regulations and instructions of the central insurance, but it is not permissible to delay in moving towards the goals.

Beheshti Nejad seems to have come to Sarmad Insurance with a clear plan and he is trying to put the company on a new track by relying on the trust of shareholders and the alliance of managers and experts. To realize the amount of 1000 billion Tomans from the place of cash. The decision will be made after the appointment of the new board of directors of Sarmad on the 3rd of March, and it is expected that Sarmad’s capital will reach the mentioned figure in the spring of next year.

The decade of puberty and the development of Sarmad
Sarmad Insurance, which will celebrate its 10th anniversary in November next year, will start its second decade of life with maturity and progress, after leaving behind the loss of 235 billion tomans in 1400, it has now reached profit based on unaudited financial statements. . Therefore, the first positive consequence of the capital increase of Sarmad Insurance will be the zeroing of the accumulated loss inherited from the past, and it is expected that it will say goodbye to the accumulated loss at the end of this year or the spring of next year.

This report shows that the share of Sarmad insurance in the first 9 months of this year experienced an 83% growth compared to the same period last year and reached about 1500 billion tomans, which is 31% more than last year and the operating loss of 355 billion tomans in 1400. The end of December this year has turned into an operating profit of 3.8 billion tomans, and the reason for this important change can be found in the increase in income from investments and insurance premiums, and of course, the control and management of paid damages.

Sarmad investment orientation
One of the possible priorities of Sarmad Insurance in the new era of management may be to formulate a distinctive strategy that fits the conditions of the insurance market and of course the economy of Iran in the second decade of the life of this insurer, and for this reason, it is most likely that this strategy, which is based on the strength of the financial structure , technological developments to improve the quality of services to policyholders and diversify the methods of serious steps

Income generation and profit making will be established, it is a message of new directions and plans from the beginning of next year. A change whose foundation stone will be laid in the last days of 1401 and Beheshti Nejad is expected to unveil them.