Dhaka, Bangladesh (BBN) - The 25th Annual General Meeting (AGM) of Eastland Insurance Company Limited was held at Officers Club in the city recently.
The Meeting was presided over by Mahbubur Rahman, Chairman of the Company. The Chairman presented the report of the Directors, Audited Accounts of the Company for the year ended 31st December, 2011 together with Auditors Report there on.
The Company approved 40 percent cash dividend for the year 2011.Contribution of the Company towards National Exchequer during the year 2011 was Tk.9.79 million as Income tax, VAT and Stamp.
The Chairman informed the meeting that the Company earned a gross premium of BDT 550.16 million during the year 2011 through its 23 branches which 13.29 percent higher than that of previous year.
Net premium income also increased at BDT 304.24 million with a record of 12.04 percent increase compared to that of previous year.
The company during the year settled 322 claims for a total amount of BDT 212.05 million on account of Fire, Marine, Motor and Misc Insurance.
Total assets of the Company as on Dec’ 2011 stood at BDT 1317.35 million.
BBN/SSR/AD-09June12-8:40 pm (BST)
