It is a broadly described annual report of Reliance Insurance Limited in the year of 2013. During the year 2013 company contributed Tk. 364.74 million to the national exchequer as against Tk. 358.87 million in 2012. During the year 2013, Gross Premium income attained was Taka. 1,638.9 million as against Taka. 1,490.8 million in 2012. Underwriting profit achieved by the Company was Taka. 228.9 million as against Taka. 185.1 million in 2012, an increase of 23.66%. Investment income increased to Tk. 230.3 million from Tk. 163.96 million in 2012, achieving a most notable and praise-worthy increase of 40.4% The net pre and after-tax operating profit rose to of Tk. 406.1 million and Tk. 297.9 million respectively, showing increases of 36.3% and 35.9% over the preceding year and are the highest so far.
Based on the operating profits for 2013, the company has proposed a dividend of @30%: in the form of 15% Bonus shares and 15% cash dividend. 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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