It is a broadly described annual report of Republic Insurance Company Limited in the year of 2016. The authorized capital of the company is Tk. 100 Crore divided into 10,00,00,000 ordinary shares of Tk. 10/- each. Total investment of the Company in 2016 stood at Tk. 450,255,987 out of this, Tk. 25,000,000 was invested in 10 years term of Government Treasury Bond and Tk. 17,806,636 in shares of listed securities. In addition, Fixed Deposits with commercial Banks stood at Tk. 407,449,351. During the year 2016, The Company earned gross premium amounting to Tk. 458,191,929 Crore as against Tk. 436,668,252 Crore in 2015. The Company earned Net premium income Tk. 332,523,596 Crore as against Tk. 334,017,405 Crore in 2015. The company earned Net Profit of Taka. 92,748,912/-. The company’s EPS (Re-stated) was Tk. 1.87 in 2016 against Tk. 1.70 in 2015.
The Board of Directors of the company has recommended @12% stock dividend to the shareholders for the year ended on 31st December 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.
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