It is a broadly described annual report of Pioneer Insurance Company Limited in the year of 2013. During the financial year, The Gross Underwriting Premium of the Company rose by 10.20% from Tk. 1,701.27 million to Tk. 1,874.91 million. The company earned a net profit before tax Tk. 297.84 million in 2013 as against Tk. 277.16million in 2012, which is 7.45% increase over the last year. As at 31st December 2013, the Company has total assets of Taka. 2,026.70 Million, representing an increase of 14% compared with the end of last year.
The Board of Directors of Pioneer Insurance Company Ltd. recommended declaration of dividend at the rate of @20% stock and @10% cash for the year ended 31st December 2013 amounting to Tk. 127.23 million subjects for approval at the 18th 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.
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