It is a broadly described annual report of Eastland Insurance Company Limited in the year of 2016. During the financial year, The Company earned the gross premium and net premium income of Tk. 861.73 million and Tk. 355.63 million respectively during the year 2016 as against Tk. 820.46 million and Tk. 384.10 million respectively during the year 2015. Underwriting profit stood at Tk. 51.77 million and net profit after tax stood at Tk. 129.91 million in 2016 which were Tk. 20.66 million and Tk. 120.24 million in 2015. Total assets of the company stood at Tk. 2,347.25 million as on 31st December 2016. The company settled claims amounting to Tk. 183.98 million during 2016 which was Tk. 320.33 million in 2015 and so far, in last 30 years Eastland settled total claims amounting to Tk. 2,275.72 million.
The Board of Directors in its 176th Board Meeting held on April 16, 2017, recommended @5% stock & @10% cash dividend to the shareholders from an available profit during the year 2016. 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 Eastland Insurance Company Limited:
- Annual Report 2011 of Eastland Insurance Company Limited
- Annual Report 2012 of Eastland Insurance Company Limited
- Annual Report 2013 of Eastland Insurance Company Limited
- Annual Report 2014 of Eastland Insurance Company Limited
- Annual Report 2015 of Eastland Insurance Company Limited
- Annual Report 2016 of Eastland Insurance Company Limited
