It is a broadly described annual report of Janata Insurance Company Limited in the year of 2015. During the financial year 2015, The Company earned the gross premium of Tk. 268.66 million against Tk. 295.27 million of the previous year. Investment and other income also decreased by Tk. 6.79 million due to declining trend of interest on FDR mainly. The Company has earned underwriting profit of Tk. 41.75 million against Tk. 5.36 million in 2014 and earned net profit (after tax) Tk. 19.89 million against Tk. 5.59 million in 2014 by operating its activities and services efficiently. As at 31st December 2015, paid-up capital of the Company stood at Tk. 383.53 million, total assets stood at Tk. 810.95 million and Net Asset Value (NAV) per share stood at Tk. 13.67. During the year 2015 Company’s gross premium income thus attained was Taka. 268.66 million as against Taka. 295.27 million in 2014. Net premium income Taka. 140.38 million as against Taka. 156.47 million in 2014.
The Board of Directors in its 157th meeting held on 07.05.2016 recommended @5% cash dividend for the year 2015 subject to approval in the 30th 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.
More Annual Report of Janata Insurance Company Limited:
