Mandal Insurance JSC will allocate dividend of MNT 1.87 billion

Board meeting of Mandal Insurance JSC was held on February 18, 2021 and the Board issued a decision to distribute dividend of MNT 3 per share or total MNT 1.87 billion from its net profit of 2020.

List of eligible shareholders to receive dividend will be determined by the record date of annual general meeting of shareholders and the company will place dividend money in its shareholders account at Central Securities Depository within June 30, 2021.

Mandal Insurance JSC earned MNT 33.2 billion from its premium last year, as a result the company operated with profit of MNT 4.5 billion.

Furthermore, Mandal Insurance JSC became the first insurance company which was assigned its credit rating by AM Best Agency. Particularly, the AM Best affirmed a Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “BB+” to Mandal Insurance JSC. The outlook assigned to these Credit Ratings is stable.