It is a broadly described annual report of Global Insurance Limited in the year of 2011. During 2011 through the operation of 21 offices (Including Head Office) the gross premium income earned by the Company was to Tk. 198,255,573 including Public Sector business of Tk. 29,484,400 after ceding for re-insurance premium, the net premium for the year amounted to Tk. 114,630,914 and after charging direct expenses there from the net underwriting profit stood at Tk. 35,450,111.
The Board of Directors has recommended for payment of stock dividend to the amount of Taka. 19,965,000 @10% on paid-up capital out of the surplus available for distribution at the end of the year 2011, as decided by the Board of Director in their meeting held on 27th February 2012, which is subject to the approval of shareholders in the forthcoming Annual General Meeting of the company. 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 Global Insurance Limited: