It is a broadly described annual report of Sonar Bangla Insurance Limited in the year of 2012. During the year total assets of the Company is Tk. 59,39,01,389 which was Tk. 49,77,39,090 in the year-2011 that means total increased by Tk. 9,61,62,299 Compare to 2011. The Company earned the gross premium of Tk. 34,53,55,471/- in 2012 against Tk. 31,97,91,523/- in 2011. The Company made underwriting profit of Tk. 5,13,63,211/- and profit before tax is Tk. 6,86,06,237/- in 2012 against Tk. 4,49,45,431/- and Tk. 5,42,12,680/- respectively against the last year.
The Board of Directors of the company recommended stock Dividend (Bonus Share) @ 12% per share i.e. 01 shares for every 12 shares for 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.
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