Gross Premium Income

In the year 2018, the company’s gross premium income thus attained was Taka
617.03 million against Taka 508.01 million in the year 2017. That means, the gross
premium income has raised by 21.46 % in the year 2018.
Class of Business Gross Premium Income (in million)
2017 2018
Fire 226.09 249.47
Marine 162.25 212.27
Motor 45.73 44.40
Miscellaneous 73.94 110.89
Total 508.01 617.03

Net Premium Income

The net premium income was Taka 508.38 million in the year 2018 whereas in the
year 2017, the net premium income was Taka 339.96 million. That means, the net
premium has raised by 24.20% in the year 2018.
Class of Business Net Premium Income (in million)
2017 2018
Fire 126.72 146.71
Marine 121.67 169.87
Motor 44.51 42.31
Miscellaneous 47.06 63.36
Total 339.96 508.38
Net Incurred Claims
In the year 2018, the company have not able to settled net incurred claims of Taka
116.77 million as against taka 106.67million in the year 2017. That means, the
settlement of net incurred premium increased in the year 2018 compare to 2017.
Class of Business Net Claim (in million)
2017 2018
Fire 64.05 64.43
Marine 25.53 46.49
Motor 14.02 7.28
Miscellaneous 3.07 (1.43)
Total 106.67 116.77

Investment Income
In 2018, the company’s investment profit was recorded Taka 56.03million against
Taka 57.25million in the year 2017.

Underwriting Profit
Under writing Profit achieved was Taka 96.62million against Taka 61.56 million in
the year 2017.
Class of Business Under Writing Profit
(in million)

2017 2018
Fire Insurance (0.04) 19.74
Marine Insurance 38.00 27.82
Motor Insurance 10.42 19.90
Miscellaneous Insurance 13.18 29.15
Total 61.56 96.62

We can see, in the year 2017, the company faced an underwriting loss in the Fire
Insurance.
Net Profit After Tax and Earning Per Share
The company’s 2018 net profit after tax is Taka 66.37 million against 83.23 million in 2017. The
net profit has decreased by 25.4%. Since, their net income after tax has been increased
significantly which is more than double of previous year, their earning per share will also raise
notably. In the 2018, the earning per share decreased from 1.77 to 1.41.

Investment
The total investment of the company stood at Taka 1219.15 million in 2018 as compare to Taka
1233.38 million in the year 2017. The investments are explained below;

2017 2018
Particulars
Amount in million Amount in million

Bangladesh Govt. Treasury Bond (BGTB) 25.00 25.00

Shares in listed companies 17.79 19.85
Fixed deposits accounts 687.06 651.78
Cash In Hand and Bank 285.06 300.26
Security Deposit 7.58 7.58
Property and plant 214.68 228.9
TOTAL 1219.15 1233.38

Shareholders’ Equity
In 2018, the shareholders’ equity stood at 871.77 million whereas in 2017, it was 891.83 million.

Particulars 2017 2018

Amount in million Amount in million
Paid-up capital 470.698 470.698
Share premium 116.28 116.28
Reserve for exceptional losses 250.27 222.51
Profit and loss appropriation account 47.83 56.52
General Reserve 6.77 5.77
Total 891.839 871.778
Net Incurred Claims
In the year 2018, the company have successfully settled net incurred claims of Taka 164.78
million as against Taka 153.7 million in the year 2017. That means, the settlement of net
incurred premium has increased in the year 2018 compare to 2017.

Net Claim
Class of Business (in million)
2017 2018
Fire Insurance 91.0 104.05
Marine Insurance 34.5 44.8
Motor Insurance 14.5 7.9
Miscellaneous Insurance 13.7 8.03
Total 153.7 164.78