BAKU, Azerbaijan, January 21. The net profit of Iran's Sarmad Investment Insurance Company increased by 77 percent during the nine months of the current Iranian year (from March 20 through December 2024) compared to the same period of last year (from March 21 through December 21, 2023), Trend reports via Sarmad Insurance Company.
According to the information, Iran's Sarmad Insurance Company's net profit for nine months totaled 1.83 trillion rials (about $3.19 million).
The information noted that Sarmad Insurance Company paid 40.8 trillion rials (about $71.3 million) of production insurance premiums and 18.6 trillion rials (about $32.5 million) of personal injury insurance premiums during the nine months.
Furthermore, the information added that Sarmad Insurance Company holds a 1.26 percent market share of the country's insurance companies in the payment of production insurance premiums. Moreover, Sarmad Insurance Company holds a 1.09 percent market share of the country's insurance companies in the payment of personal injury premiums.
The information indicates that Sarmad Insurance Company is considered one of the successful companies in the insurance industry and also owns valuable assets based on the mentioned data.
To note, Iran's Sarmad Insurance Company is a private company. The founders and shareholders of this company are Bank Saderat of Iran, Kharazmi Investment Company, and Ghadir Investment Company. This company is engaged in life insurance, passenger car insurance, and cargo transportation insurance.