Fareast Islami Life Insurance Company Limited Performance Review

Fareast Islami Life Insurance Company Limited has been steadily growing since its inception in 1994. The company's commitment to providing quality insurance services has earned it a strong reputation in the industry.

The company's financial performance is a testament to its success, with a significant growth in its total assets over the years. As of 2022, Fareast Islami Life Insurance Company Limited's total assets stood at Tk. 25.61 billion, a substantial increase from Tk. 12.14 billion in 2018.

The company's growth can be attributed to its innovative products and services, which cater to the diverse needs of its customers. Fareast Islami Life Insurance Company Limited's product portfolio includes a range of life insurance policies, savings plans, and investment products.

The company's customer-centric approach has also contributed to its success, with a strong focus on providing excellent customer service and support.

The authorized capital of Fareast Islami Life Insurance Company Limited is a significant taka 1000 million as of 31 December 2017. This is a substantial amount of capital that gives the company a strong foundation to operate and grow.

The paid up capital, which is the amount of capital that has actually been paid by shareholders, is taka 747.42 million as of 31 December 2017. This is a notable 74.74% of the authorized capital, indicating a strong level of investment in the company.

Here's a summary of the company's share price performance:

The authorized capital of Fareast Islami Life Insurance is a significant number, standing at taka 1000 million as of 31 December 2017. This shows the company has a substantial amount of capital at its disposal.

The paid up capital, however, is a different story, coming in at taka 747.42 million, which is significantly lower than the authorized capital. This means the company has not fully utilized its authorized capital.

Here are some key financial performance metrics for Fareast Islami Life Insurance:

The company's share price has seen significant fluctuations over the past year, with a 1 Year Change of -49.75%. This is a concerning trend that investors should take note of.

Shareholder Returns are a key indicator of a company's financial health. FAREASTLIF's 7-day return of 4.1% is a stark contrast to its 1-year return of -49.8%.

The industry average for 1-year returns is actually -30.7%, which is lower than FAREASTLIF's return. This suggests that FAREASTLIF underperformed the BD Insurance industry over the past year.

FAREASTLIF's 1-year return is also lower than the 1-year return of the BD Market, which is -17.1%. This indicates that FAREASTLIF underperformed the broader market as well.

Here's a comparison of the returns:

FAREASTLIF's price has been relatively stable in the past 3 months, with an average weekly movement of 4.2%, which is lower than the BD market's average movement of 4.5%.

This stability is a positive sign for investors, as it suggests that the company's share price is not subject to extreme fluctuations.

In comparison to the insurance industry, FAREASTLIF's average weekly movement of 4.2% is slightly higher than the industry average of 3.7%. However, it's still within a relatively stable range.

Here's a comparison of FAREASTLIF's volatility with the industry and market averages:

In the past year, FAREASTLIF's weekly volatility has been stable, with a consistent average movement of 4%. This suggests that the company's share price is not subject to significant fluctuations over time.

The leadership of Fareast Islami Life Insurance Company Limited is comprised of experienced professionals who have been serving the company since 2010. The Board of Directors has been led by Fakrul Mohammed Islam, who holds the title of Chairman.

The Board of Directors has a diverse range of members, with some notable ages including Al-Haj Mohammad Helal Miah, who is at least 69 years old, and Nazneen Hossain, whose age is not specified. However, some members have served the company for a considerable amount of time, such as Ayesha Husne Jahan, who has been a Director/Board Member since 2010-10-13.

Here is a list of the current Board of Directors:

The Board of Directors is a crucial part of any organization, and Fareast Islami Life Insurance Company Limited is no exception. The company has a diverse board composition with a total of 15 members.

Sheikh Kabir Hossain serves as the Chairman of the Board, while Ibraheem Hosein Khan, Sheikh Mamun Khaled, Md. Rafiqul Islam, Lafifa Jamal, Mozammel Haque Babu, Mohammad Helal Miah, Arif Khan, Mostafa Zamanul Bahar, Jahurul Islam Chowdhury, Mohammad Ali Nawaz, and Md. Masum Mia all hold the title of Director.

The Fareast Islami Life Insurance Company Limited board also has a Chairman, Fakrul Mohammed Islam. The board has a mix of experienced individuals, with some members having ages ranging from 48 to 72 years old. Golam Awlia, a Director, is 65 years old.

Here is a list of the board members of Fareast Islami Life Insurance Company Limited:

The board's composition suggests a strong focus on experience and diversity, which is essential for making informed decisions and driving the company's growth.

The Executive Committee of Fareast Islami Life Insurance Company Limited is a team of experienced professionals responsible for making key decisions. Mohammed Apel Mahmud serves as the CEO, overseeing the overall direction of the company.

The team includes Mohammad Kamrul Khan, who handles the financial aspects as Director of Finance/CFO. His role is crucial in ensuring the company's financial stability.

Mohammad Majedul Islam is the Chief Tech/Sci/R&D Officer, responsible for the company's technological advancements. His expertise helps drive innovation within the organization.

S. K. Abdur Razzaque serves as the Chief Investment Officer, making strategic investment decisions for the company. His experience in investments is invaluable to the company's growth.

Mohammed Kamal Hosen Howlader is the Compliance Officer, ensuring that the company adheres to all regulatory requirements. His role is essential in maintaining the company's reputation.

Here is a brief overview of the Executive Committee members:

Fareast Islami Life Insurance Company Limited has made significant announcements in the past regarding its leadership and financial performance. Apel Mahmud was appointed as the Chief Executive Officer on January 17.

The company has reported its earnings results for various periods, including the third quarter and nine months ended September 30, 2021, on November 2.

Fareast Islami Life Insurance Company Limited has also had changes in its leadership, with Md. Rahmat Ullah being appointed as the Chairman of the Board on September 8, 2019.

Here are some key announcements made by the company:

Fareast Islami Life Insurance Company Limited has also made announcements regarding its dividend recommendations, including a 10% cash dividend for the year ended December 31, 2019, announced on November 2, 2020.

Fareast Islami Life Insurance Company Limited has a presence in the market through its subsidiaries.

One of its notable subsidiaries is Fareast Islami Securities Limited, which suggests the company's involvement in the securities sector.

Fareast Islami Properties Limited is another subsidiary of the company, indicating its presence in the real estate sector.

Here is a list of the company's subsidiaries: