BAKU, Azerbaijan, January 20. Net profit of Iran’s Mellat Insurance Company rose by 170 percent in the first nine months of the current Iranian year (March 21 through December 21, 2023), compared to the same period last Iranian year, Trend reports.
The income of Mellat Insurance Company for the reporting period amounted to 2.47 trillion rials (about $58.8 million), as was reflected in the data from the company.
In the corresponding period as the previous Iranian year, the figure was around 912 trillion rials (about $21.7 million).
Meanwhile, the total income of the company stood at 29 trillion rials (about $691 million) in 9 months, representing a 41-percent increase from the period of last year.
At present, the capital of Iran’s Mellat Insurance Company was approximately 3.7 trillion rials (about $67.9 million).
Mellat Insurance Company of Iran was established in 2003 with a capital of 200 billion rials (about $4.7 million). The main shareholder of the company is Saba Tamin Investment Company, which operates under the Social Security Organization (SSO). Mellat Insurance Company provides property, life, marine, aviation, and liability insurance.