It is a broadly described annual report of Green Delta Insurance Company Limited in the year of 2011. GDIC contributed BDT 4.77 Crore during the year 2011 to national exchequer as tax, vat, income tax and excise duty deducted at source from employees, clients, and suppliers in the reporting year. In 2011 GDIC’s gross premium reached BDT 2,351.47 million (with a growth of 17.49%) whereas net premium grew by only 11.91% and reached BDT 862.05 million at the end of 2011 as the Company reduced its own risk retention by 4.44 percentage points. Similar to other years, fire class of business dominated net premium earnings with 43.48% of total net premium in 2011 followed by marine 36.99%, motor 13.37%, and miscellaneous 6.16%.
The board of directors of the company proposed a cash dividend of @40% on share capital at the meeting held at head office on April 13, 2011, which would be confirmed by the shareholders in the next Annual General Meeting (AGM). These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
More Annual Report of Green Delta Insurance Company Limited:
- Annual Report 2007 of Green Delta Insurance Company Limited
- Annual Report 2008 of Green Delta Insurance Company Limited
- Annual Report 2009 of Green Delta Insurance Company Limited
- Annual Report 2010 of Green Delta Insurance Company Limited
- Annual Report 2011 of Green Delta Insurance Company Limited
- Annual Report 2012 of Green Delta Insurance Company Limited
- Annual Report 2013 of Green Delta Insurance Company Limited
- Annual Report 2014 of Green Delta Insurance Company Limited
- Annual Report 2015 of Green Delta Insurance Company Limited
- Annual Report 2016 of Green Delta Insurance Company Limited
