Ulaanbaatar, Mongolia, 13 February, 2021 - At a meeting held on 10 Feb, 2021, the Board of Directors of Ard Insurance JSC (MSE: AIC) resolved to approve the distribution of MNT 1.0 billion or 48.15 percent of the net profit of the year 2020 as a dividend to its shareholders. A payment of MNT 40 per share will be allocated via Central Securities Depository accounts by June 30, 2021.
Despite the challenges posed by the pandemic, the company reached a historic achievement in 2020, earning a gross written premium of MNT 15.8 billion for the first time. We paid out MNT 4.7 billion in loss claims. The company’s net profit reached MNT 2.1 billion, resulting in a substantial increase in shareholders’ equity. On 11 Feb, 2021, Ard Insurance (MSE: AIC) stock price hit MNT 940.00 and closed at MNT 928.056, reflecting investors’ confidence in the Company.
Ard Insurance, a subsidiary of Ard Financial Group JSC (MSE: AARD) has managed to pay dividends for the last 5 consecutive years. The dividend per share has risen from last year’s MNT 34 to MNT 40.
Ard Insurance JSC is one of the leading general insurers in the local market, which was founded in 1994. The company offers various types of insurance products through its agents and branches in 21 provinces. In 2018, we launched an IPO and transitioned into a joint stock company with 1,359 shareholders. As of 31 Dec 2020, the company had 2,069 shareholders. The number of shareholders has been growing consistently and the company was included in the MSE Top 20 index, the country’s main stock market index, for the last 3 years.
Happy Lunar New Year to all our esteemed shareholders of Ard Insurance JSC!
Ard Insurance is a part of Ard Financial Group. Ard is a diversified financial services holding company with the overarching goal of increasing its shareholders’ equity through investing in and developing leading financial services and technology companies. Our investment portfolio consists of companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Life, Ard Assets, Ard Management, Ard Bit, TenGer Systems, MEC Partners (ardshop.mn), Mongol Post, Ard Holdings International, Ard Leasing and Ard Realty. Ard App, Ard Fintech, ArdCoin, Ard Cash and CryptoNation are proprietary digital products based on artificial intelligence and blockchain technology.
Companies in Ard Financial Group’s portfolio that are also listed on the MSE:
- MSE: AARD (03260) Ard Financial Group (formerly Jinst Uvs/Investor Nation)
- MSE: AIC (05480) Ard Insurance
- MSE: ADB (05509) Ard Credit
- MSE: MNP (05412) Mongol Post
- MSE: XOC (4001) National Privatization Fund
For more details, contact:
HQ address: Ard Holdings, Prime Minister Amar street, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: powerful.gains.animates
Central Tower branch address: Suhbaatar square-2, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: animate.softest.screeches
Phone: 7720 0089