It is a broadly described annual report of Eastland Insurance Company Limited in the year of 2012. During the financial year, The Company’s Gross premium income and net premium income stood at Tk. 650.12 million and Tk. 346.96 million registering a growth 18.17% and 14.04% respectively over the previous year. Underwriting profit stood at Tk. 143.24 million in 2012 which was Tk. 76.18 million in 2011 registering a remarkable growth of 88.03%. Total assets of the company stood at Tk. 1547.73 Million as at 31st December 2012 showing a growth of 17.49% than that of the last year. The company settled claim amounting to Tk. 127.52 million during 2012 which was Tk. 212.04 million in 2011 and so far in last 26 years Eastland settled a total claim of Tk. 1337.01 million. Total Reserve Fund of Eastland stood at a comfortable state of Tk. 689.63 million at the end of the year 2012 showing increase of 3.52% over the previous year.
The Board of Directors in its 196th Board Meeting held on March 04, 2013 recommended @30% stock dividend to the shareholders from the available profit during the year 2012. 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 Eastland Insurance Company Limited:
- Annual Report 2011 of Eastland Insurance Company Limited
- Annual Report 2012 of Eastland Insurance Company Limited
- Annual Report 2013 of Eastland Insurance Company Limited
- Annual Report 2014 of Eastland Insurance Company Limited
- Annual Report 2015 of Eastland Insurance Company Limited
- Annual Report 2016 of Eastland Insurance Company Limited
