It is a broadly described annual report of Reliance Insurance Limited in the year of 2016. During the year 2016 Company contributed Tk. 529.85 million to the national exchequer as against Tk. 494.14 million in 2015. The company has a total market capitalization of approximately Taka. 3,950.45 million as at December 31st, 2016. During the year 2016, Reliance attained Gross Premium income of Taka 2,486.89 million as against Taka 2,271.66 million in 2015 – an increase of 9.47%, Net Premium income attained was Taka 958.29 million as against Taka 877.98 million in 2015 – an increase of 9.15%. Underwriting profit achieved was Taka 276.16 million as against Taka 233.71 million in 2015 – an increase of 18.16%. Investment income was Taka 286.55 million as against Taka 288.49 million in 2015. Net pre-tax profit stood at Taka 494.66 million (before adjustment) as against Taka 456.83 million in 2015, an increase of 8.28%. Net after-tax profit amounts to Taka 357.75 million as against Taka 316.67 million in 2015, an increase of 12.97%.
The Board of Directors has recommended @15% cash and @10% stock dividend for the year ended December 31st, 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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