United Insurance Company Limited
DDSE:UNITEDINS56.20
BDT
+0.80
(+1.44%)
ISIN
BD0703UNITD2
Return %
Stock
S&P 500
1Y
33.49
14.20
3Y
-4.91
81.12
5Y
-16.24
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Sehab Ullah Al-Manjur Syed
- Full Time Employees
- 129
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Nov 25, 2007
- Website
- unitedinsurance.com.bd
- Similar Companies
- Business
- United Insurance Company Limited is a Bangladesh-based general insurance company that underwrites, manages, and distributes non-life insurance products and risk management solutions to corporate, commercial, industrial, and retail clients across Bangladesh. Founded in 1985 and headquartered in Dhaka, Bangladesh, the company operates through an extensive branch network across key economic centers. United Insurance Company Limited provides a comprehensive suite of insurance solutions categorized into fire, marine, motor, engineering, health, and miscellaneous casualty segments: fire insurance, including standard fire and allied perils, industrial all risks, operational property loss, and business interruption coverage; marine insurance, comprising marine cargo for international and domestic transit via sea, air, rail, and road, as well as marine hull and machinery coverage; motor insurance, providing comprehensive vehicle protection and statutory third-party liability coverage for private, commercial, and fleet vehicles; engineering insurance, encompassing contractor all risks, erection all risks, machinery breakdown, boiler and pressure vessel protection, deterioration of stock, and electronic equipment insurance; health and accident insurance, featuring group medical coverage, hospitalization plans, corporate health schemes, personal accident, and overseas Mediclaim policies; and miscellaneous casualty lines, which include burglary and housebreaking, cash-in-transit, cash-in-safe, cash-on-counter, fidelity guarantee, workmen compensation, public liability, product liability, and professional indemnity insurance. In recent corporate and operational developments, United Insurance Company Limited underwent a major ownership consolidation in late 2024 when sponsor-directors of United Group acquired the equity stakes previously held by Duncan Brothers Bangladesh Limited and its associates, bringing the insurer under unified United Group stewardship. Following this ownership restructuring, the company reorganized its leadership team, electing Khandaker Moinul Ahsan as Chairman of the Board and appointing veteran insurance executive Syed Sehab Ullah Al-Manjur as Chief Executive Officer in 2026. In addition to posting strong earnings growth and maintaining consistent shareholder returns through cash dividends, the company continues to advance its operational transformation by upgrading digital policy management systems, expanding agency and bancassurance distribution channels, and broadening underwriting capacity across regional commercial hubs in Bangladesh.