It is a broadly described annual report of Rupali Life Insurance Company Limited in the year of 2011. In 2011 total assets of the company increased by 14.57% over the previous year and stood at Taka. 3,051.12 million. Investment has also increased by 43.94% and stood at Taka. 1,022.93 million. During the year life fund of Rupali Life Insurance Company Limited has been added to Tk. 275.80 million, which is 12.30% higher than the previous year. The growth of life fund has been lower due to fall in first-year premium income and the increase of payment on account of Policyholders for Tk. 166.28 million over the previous year. The market analysis of shareholding of the company at the close of the year 2011 reveals a 24.54% holding by Investors Account, 5.30% by Mutual funds, 1.99% by Unit Fund, 11.35% by Institutions and 56.82% by General Public, representing total 57,37,300 shares.
The Board of Directors has recommended a stock dividend of @14% (14 shares for every 100 shares held by the shareholding) for the year 2011 on the paid up capital of Tk. 94.05 million. 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 Rupali Life Insurance Company Limited:
