It is a broadly described annual report of Janata Insurance Company Limited in the year of 2014. The gross premium figure increased to 28% over the last year, which stood at Tk. 295.27 million against Tk. 230.56 million of the previous year. Net premium income stood at Tk. 156.47 million against Tk. 126.13 million of the previous year, registering a growth 24%. The company’s investment income recorded Tk. 36.17 million against Tk. 36.28 million in the year 2013. Net profit before tax of the company decreased by Tk. 18.28 million in the year 2014 as compared to net profit before tax of 2013. After-tax profit for the year Tk. 5.59 million as against Tk. 18.19 million in 2013, a decrease of 69%. In the year 2014 company’s earnings per share Tk. 0.16 as compared to Tk. 0.59 in the previous year.
The Board of Directors in its 154th meeting held on 10.05.2015 recommended @10% stock dividend i.e. 10 shares for every 100 shares held for the year 2014 from Share Premium Account as per section 57 sub-section 2(c) of the Companies Act 1994 subject to approval in the 29th Annual General Meeting. 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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