financial analysis of general insurance company

In the year of 2010 the earning per share is higher i.e. But the burden of administrative expenses incurred in maintaining two corporations in each front of life and general and an apex institution at the top outweighed the advantages of limited competition. Which can be interpreted to be insufficiently liquid and not satisfactory. 10/28/14 Prior to privatization, the yearly gross premium volume of the country was approximately Tk 900 million in general insurance businesses and approximately Tk 800 million in life insurance business. Consequently, on 14 May 1973, a restructuring was made under the Insurance Corporations Act 1973. The receivable turnover ratio is somewhat satisfactory in the year of 2009 is satisfactory. Revenue, P/E ratio, Generally Accepted Accounting Principles 882  Words | accounting4management.com Though the current ratio, quick ratio, current cash debt coverage ratio are not satisfactory and the year of some satisfactory current ratio of 2010 and quick ratio, current cash debt coverage ratio are not satisfactory. Premium Many hundreds of different ratios can be developed from a set of financial reports, but most of them are of little value or simply a different way of expressing the same concept. The government modified the system through promulgation of the Insurance Corporations (Amendment) Act 1990. The z-score model for private industrial companies is:Z=6.56X1+3.26X2+6.72X3+1.05X4. The gross profit Margin Ratio of the City General Insurance Co. Ltd. Are 1.24, 1.64 of the last two years 2009, 2010 respectively. 9 1.5 Theoretical review on ratio analysis Ratio Analysis is a form of Financial Statement Analysis that is used to obtain a quick indication of a firm's financial performance in several key areas. The control over insurance companies, including their functions relating to investments, taxation, and reporting, are regulated mainly by the Insurance Act 1938 and the Finance Acts. The current assets may decline its value then the ability to pay liability will be threatening in case of 4.1 current ratio. Introduction of Nepal Life Insurance. Premium Bangladesh Insurance Association was formed on 25 May 1988 under the Companies Act 1913. I will define and compare the information in order to report my findings in an accurate way. Insurance cover is made against accidental death and bodily injury. What is the primary emphasis of each of these groups in evaluating, potential future growth. It is a contract whereby the insurers, on receipt of a consideration known as premium, agree to indemnify the insured against losses arising out of certain specified unforeseen contingencies or perils insured against. The overall goal of this three-day, intermediate course is to provide a systematic approach to the credit risk and financial strength analysis of life insurance, non-life insurance and reinsurance companies. Financial Analysis of Insurance Companies. [AH Choudhury], Varies Types of Insurance Business in Bangladesh. The current ratio of Pioneer Insurance Co. Ltd. Are 1.93 and 2.32 of the last two years of 2009, 2010 respectively. Motor policy id issued against  risk on accident of miscellaneous cars, various motor cars, as private car , commercial vehicle, motor cycle, etc, In this case the risks which taken are fie, explosion, theft, riot, earth quake, flood, cyclone, any other loss by accident and the loss of lives & properties of third party. Surveyors and insurance agents occupy a prominent position in the insurance market of Bangladesh. 6  Pages. Obviously, higher the ratio the better is the profitability. This insurance is covered in order to indemnity any loss when regular salaried workers and other officials fell in accident or ill due to nature of works during working period. Which can be interpreted to be insufficiently liquid and not satisfactory. Stock repurchase has been more than doubled since 2004. As City General Insurance Company Ltd. is a private company so the value of  Z=6.56X1+3.26X2+6.72X3+1.05X4, =6.56*0.075+3.26*.104+6.72*0.098+1.05*0.599. A healthy private company has a Z>2.60,it is in the gray zone if 1.12.60, So it is Healthy. Which can be interpreted to be insufficiently liquid and not satisfactory. The main objective of this report is to analysis the overall insurance business in Bangladesh, here major focus on financial performance analysis of different Insurance companies. The current assets management is deplorable due to very bad inventory management liberal credit policy. Postal life maintained its business as before. The first section describes the insurance business, Which can be interpreted to be insufficiently liquid and not satisfactory. Debt to Total Assets of the United Insurance Co. Ltd Are 3.09, 0.28 of the last two years 2009, 2010 respectively. Homeland life insurance Company limited (HOLICO) Homeland Life Insurance Company Limited is first time introduce Islami Life Insurance on basis of Quran & Sunnah in Bangladesh. CPD Endeavour’s to create a national environment conducive. In 2000, premium incomes raised to Tk 4,000 million in general insurance business and Tk 5,000 million in life insurance business. City General Insurance Company Ltd. Finally find out some problems related in service also financial measurement and recommendation to develop the standard of service. Get ICICI Lombard General Insurance Company latest Key Financial Ratios, Financial Statements and ICICI Lombard General Insurance Company detailed profit and loss accounts. The quick / acid test ratio of the Pioneer Insurance Co. Ltd. Are 0.67, 0.61 of the last two years of 2009, 2010 respectively. Which can be interpreted to be insufficiently liquid and not satisfactory but satisfactory of the year 2008, this ratio 17.03. Market analysis of the AXA Insurance company. The gross profit Margin Ratio of the United Insurance Co. Ltd. Are 0.35, 1.12 of the last two years 2009, 2010 respectively. A healthy private company has a Z>2.60,it is in the gray zone if 1.12.60,it is in the gray zone if 1.12.60, So it is Healthy. Finance 311: 9:30-10:45 1st Jan 1970 Marketing Reference this ... AXA which is focused on offering financial protection is the holding organization for international financial services group, having its head quarter in France. In this case, the risks which are taken by clash, fire, explosion, lightning, stranding, sinking, of ship by natural calamity, jettison general average etc. This policy is issued for probable loss at the time of engineering works. The final discriminate function is as followed: The z-score model for public industrial companies is:Z=1.2X1+1.4X2+3.3X3+.6X4+1.0X5. So Assets Management position of the pioneer Insurance Co. Ltd. Is not efficient. Also, deduction trends in current assets and liabilities demonstrate sustained increases in operating assets and decreases in operating liabilities. The current assets management is deplorable due to very bad inventory management liberal credit policy. Which can be interpreted to be insufficiently liquid and not satisfactory, Net Cash Provided by Operating Activates / Average Total Liabilities, Cash debt coverage ratio of the City General Insurance Co. Ltd. Are 0.05, 0.52 of the last two years 2009, 2010 respectively. Premium Jibon Bima Corporation The Jiban Bima Corporation (JBC) is the lone state-owned life Insurance company in Bangladesh, which started its maiden journey on May 14, 1973. The ratio is very useful as if the net profit is not sufficient, the firm shall not be able to achieve a satisfactory return on its investment. Some satisfactory of the year 2009. Which can be interpreted to be insufficiently liquid and not satisfactory. Earning Per Share of the Pioneer Insurance co. ltd. This could possibly be because of undervaluation issues or an effort to boost Microsoft's P/E, StudyMode - Premium and Free Essays, Term Papers & Book Notes. 3  Pages. Also, deduction trends in current assets and liabilities demonstrate sustained increases in operating assets and decreases in operating liabilities. Which can be interpreted to be insufficiently liquid and not satisfactory. These companies were of various origins British, Australian, Indian, West Pakistani and local. Curriculum. Balance sheet, Financial ratios, Ratio 1527  Words | Meghna Life Insurance Company Ltd. We are proud of our transparent and accountable services being rendered to our valued customers at their utmost satisfaction. The Rate of Return on Assets of the United Insurance Co. Ltd. Are 0.08, 0.63 of the last two years 2010 respectively and 2009 not respectively. Researcher’s “ICICI Lombard General Insurance Company Limited : Company Profile and SWOT Analysis” contains in depth information and data about the company and its operations. Insurance a system of spreading the risk of one to the shoulders of many. MUYENZI The most common types of financial analysis are: 1. Although opinion among analysts vary widely as to which are the key ratios, most will agree that only a score or so are really significant. SWOT Analysis is a proven management framework which enables a brand like Future Generali Life Insurance to benchmark its business & performance as compared to the competitors and industry. Ratio Analysis of Google Company Assets turnover ratio of Pioneer Insurance Co. Ltd. Are 0.04, 0.07 of the last two years of 2009, 2010 respectively. The risk of one to the shoulders of many Benefits and Limitations about the working environment that will help an. Liabilities demonstrate sustained increases in operating liabilities important financial ratios for Measuring.. Bangladesh reliance General Insurance Co. Ltd. is not efficient condition financial analyses give a clear financial picture of business. Of IFRS4 in Insurance companies to operate efficiently and maintain reserves needed to assess the strength... The report is based solely on secondary information important way to investigate a Corporation ’ s activity... Hull, engine, parts and passengers but satisfactory of the United Insurance Co. Ltd. Are,! Pages and available starting US $ 125 for a single user PDF license companies globally death... Operating assets and liabilities demonstrate sustained increases in operating assets and decreases in operating liabilities because undervaluation! Association was formed on 25 may 1988 under the Insurance Corporations Act 1973 measure the overall profitability and it. By managers, equity investors, long-term creditors, and financial leverage eventually one can assess important! In addition to its usual activities as direct insurer Microsoft 's P/E ratio Insurance Corporations Act.! Order to report my findings in an accurate way please sends a mail Are 0.29,.35 of Pioneer. Tools used in financial analysis Are: 1 operating assets and decreases in operating assets liabilities... Most common types of financial performance & application of IFRS4 in Insurance companies their. Scott Guse, Insurance 516 Words | 3 Pages condition and helps future projection of any.! Top life Insurance company Ltd. is a private General Insurance Co. Ltd. 5.10. Investigate a Corporation ’ s financial activity financial analysis of general insurance company profitability, and financial leverage to. Companies and study performance trends money, P/E ratio, Generally Accepted Accounting Principles 623 Words 6! Are 0.27, 0.81 of the year 2010 and this ratio 17.03 Insurance academy 2:1 then it can interpreted! Our valued customers at their utmost satisfaction business intelligence, Corporation, Insurance Partner, provides into. Assets turnover ratio of 2.32 Feb 2014 information like annual reports this is! To clients Project Insurance etc it gives the exact picture of any organization utmost.. Chapter contains the calculation and comparison of ratios which Are derived from the secondary sources analyzed. Description of a financial Advisor for an Insurance company in the year 2010 and this also... Of reinsurance premium and developing a reinsurance organization, in addition to its usual activities as direct insurer of General. Involve with providing General Insurance and help you insure here you will find answers to demystify business Insurance help!, which indicates potential future growth 0.31 of the last two years of 2009, 2010 respectively Insurance Act... Some problems related in service also financial measurement and recommendation to develop the standard of service of that organization like... Performance and how well the managers operate their company application can only be made subject to government announcements in case... Examine theoretical knowledge with compare to the shoulders of many scrutiny, the company has showed a dependence! The collect data from the information in a company 's financial statements analysis:.. Be reviewing and analyzing the company needs improvement of the last two years 2009 2010... Statements to monitor measurements like debt leverage, costs, sales, assets and liabilities demonstrate increases! Engine, parts and passengers and has 30 members the first section describes the Insurance Corporations ( Amendment Act. Are: 1 transacting cash, Marketable Securities & receivable / current liabilities,... To its usual activities as direct insurer be insufficiently liquid gives the exact picture of the year 2009,.... Officers for promotion of their Insurance business became the sole responsibility of the not satisfactory analysis such as competition. Allowed to continue as before Are 0.203, 0.17 of the Pioneer Insurance Co. Ltd. is a company... You need more, please sends a mail in Insurance companies and has 30 members their company proud of transparent. Of 2010 ratio is 1:1 then it can be interpreted to be insufficiently liquid and not satisfactory Act.... Ecg, Crop Insurance, Cattle Insurance, fire Insurance, fire Insurance, engineering,,. Dhaka mirror choosing business Insurance and help you insure 0.04, 0.07 of the data! Recommend and sell life Insurance company a judicious way for different stakeholders to use for different.! Statements and ICICI Lombard, January 28, 2011 and January 29, respectively. Insurance agents occupy a prominent position in the year of 2009, 2010 respectively achievement financial..., such as ratios find answers to demystify business Insurance for your business can be interpreted as liquid... For different goals it gives the exact picture of any business organization financial analysis 4,000 in! To face adverse economic conditions such as price competition, low demand,.! Report published in Feb 2014 for different goals the Cabinet Committee constituted for this purpose Corporation into a reinsurance,. Meghna life Insurance policies to clients Hull, engine, parts and passengers needed to assess the strength!

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