It is a broadly described annual report of Reliance Insurance Limited in the year of 2014. During the year 2014 company contributed Tk. 426.84 million to the national exchequer as against Tk. 364.74 million in 2013. During the year 2014 Reliance attained a Gross Premium income of Taka. 2,026.71 million as against Taka. 1,638.89 million in 2013 – an increase of 23.66%, Net Premium income achieved was Taka. 907.92 million as against Taka. 704.20 million in 2013 – an increase of 28.93%. Underwriting profit achieved was Taka. 215.22 million as against Taka. 228.88 million in 2013. The decrease in underwriting profit is mainly due to increase in cost. Investment income grew impressively in Taka. 298.56 million as against Taka. 230.26 million in 2013, an increase of 29.66%. Net pretax profit attained is Taka. 458.39 million as against Taka. 406.17 million in 2013, an increase of 12.86%. After-tax Profit is Taka. 298.18 million in 2014 as against Taka. 277.06 million in 2013, an increase of 7.62%.
Based on the operating profits for 2014, we have 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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