The production premium of “Vatavoon” exceeded 82 billion Tomans

According to the Monetary Financial News, on Sunday, March 29, 2014, a news item with the publication code 13719 entitled “A look at financial performance” and “cooperation” was posted on the site’s output in 11 months 1400, which was due to problems in matching and comparing financial performance dates and Inaccuracies in entering some performance numbers are reviewed and corrected as follows.

According to this report, the financial statements of insurance and cooperation on the Cadal system show that in the first 11 months of this year, the company has produced 911 billion, 984 million and 300 thousand tomans of insurance premiums in various fields, of which 82. 7 billion tomans have been produced in February.

According to the report, 34% of the production premium of the cooperative insurance company in the field of compulsory third party, 24%, in the field of treatment, 10%, in the field of non-accumulated life insurance, 9%, in the field of car body, 7% in the field of responsibility, 5% in the field of fire , Three percent in the field of life insurance, one percent, in the field of engineering, one percent in the field of oil and energy, and one percent in the field of fire.
Payment of 52 billion tomans in damages by “Vatawoon”
Cooperative Insurance Company has also paid 52 billion and 67 million tomans in damages in various fields in February of this year.
At the beginning of this fiscal year until the end of February, the company has paid more than 470 billion tomans in damages in all fields.
Although the share of treatment in the total production premium is equal to 24%, but 39% of the compensation paid by the cooperative insurance is allocated to this field. After treatment, liability and non-savings life with 18%, compulsory third party with 15% and car body with 6% are in the next ranks of cooperative insurance compensation.
Of the total compensation paid by the company for 470 billion Tomans, the share of engineering, life saving, fire and passenger accidents was one percent.
It is worth mentioning that the unaudited financial statements of the Cooperative Insurance Company for the financial period of the first 9 months of 1400 indicate that the basic profit per share has decreased from 297 Rials to 292 Rials.