It is a broadly described annual report of Pragati Insurance Limited in the year of 2011. During the year under report, the Company has deposited Taka. 1.61 million to the Government Exchequer as corporate income tax, withholding tax, stamp, and VAT. The Company earned a gross premium of Tk. 1137 million this yew compared to Tk. 1062 in 2010 resulting in a growth of 7.06%. After ceding for re-insurance premium the net premium for the year amount to Tk. 477,205,830 and after charging direct expenses there from the net Underwriting profit stood at Tk. 89,319,849 as against Tk. 63,099,740 of the previous year. After providing for all expenditures the company’s net profit before tax stood at Tk. 133.38 million against Tk. 161.52 million in 2010.
The Board of Directors has recommended @25% dividend (15% cash and 10% stock) to the shareholders of the company for the year 2011. 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 Pragati Insurance Limited:
- Annual Report 2000 of Pragati Insurance Limited
- Annual Report 2001 of Pragati Insurance Limited
- Annual Report 2002 of Pragati Insurance Limited
- Annual Report 2003 of Pragati Insurance Limited
- Annual Report 2004 of Pragati Insurance Limited
- Annual Report 2005 of Pragati Insurance Limited
- Annual Report 2006 of Pragati Insurance Limited
- Annual Report 2007 of Pragati Insurance Limited
- Annual Report 2008 of Pragati Insurance Limited
- Annual Report 2009 of Pragati Insurance Limited
- Annual Report 2010 of Pragati Insurance Limited
- Annual Report 2011 of Pragati Insurance Limited
- Annual Report 2012 of Pragati Insurance Limited
- Annual Report 2014 of Pragati Insurance Limited
- Annual Report 2015 of Pragati Insurance Limited
- Annual Report 2016 of Pragati Insurance Limited
