Provisional Balance Sheet

&
Financial Highlights
Year-2009

Presented By
Farzana Chowdhury
Addl. Managing Director ( F & A )
Green Delta Insurance Company Limited.
 OBJECTIVE

-Performance Analysis 2007 to 2009

-Comparative Premium Collection Analysis
-Analysis of Investment Position & Investment Income
- Comparative Paid Claim
-Comparative Ratio Analysis
-Management Expenses
-Budget Variance 2009
 Financial Highlights - 2009 Taka ( In million )

Particulars / Year 2009 2008 Growth 2007 2006 2005

Gross Premium Income 1601.67 1,400.75 14.34% 1109.25 762.70 631.60
Net Premium Income 728.33 627.21 16.12% 451.02 327.20 267.00
Net Claims 114.36 117.23 -2.45% 117.04 92.60 55.30
Underwriting Profit 111.97 106.16 5.47% 42.39 36.60 67.30
Investment Income 224.17 253.29 -11.50% 186.41 85.20 58.20
Profit before Tax 277.26 295.07 -6.04% 183.19 94.86 86.91
Profit after Tax 232.26 245.07 -5.23% 163.19 80.86 70.43
Paid up Capital 408.24 204.12 100.00% 151.20 151.20 108.00
Share Holders' Equity 2139.36 1,718.67 24.48% 827.92 586.20 543.00
Total Liabilities 1224.48 1,153.83 6.12% 870.53 641.70 605.90
Total Reserves 2096.02 1,624.98 28.99% 767.76 494.80 465.60
Total Assets 3363.84 2,872.50 17.10% 1,698.44 1,227.90 1,148.80
Total Investment 1839.11 1,561.55 17.77% 681.76 451.57 338.06
Fixed Assets 15.05 15.29 -1.57% 12.48 12.36 11.18
Dividend in Taka - 204.12 - 75.60 45.40 43.20
% of Cash Devidend - - - 15% 30% 0.0
% of Stock Devidend - 100% - 35% 0 40%
Earning Per share (EPS) 56.89 120.06 -52.62% Tk.107.93 Tk. 62.39 Tk. 79.13
P/E Ratio 29.31 16.51 77.53% 8.51 6.21 7.31
Book Value Per Share Tk-524.04 Tk.841.98 -37.69% Tk.547.56 Tk. 452.31 Tk. 610.12
Market Value Per Share Tk-1667.75 TK.1982.19 -15.86% Tk. 918.25 Tk. 387.5 Tk. 578.75
Required Solvency Margin 198.79 176.98 12.32% 140.22 97.35 79.39
Available Solvency Margin 975.53 1,092.31 -10.69% 336.40 252.51 253.69
 Collected Premium
Year (2007-2009 ) Taka ( In Million)
Class Wise
Fire Marine Motor Miscellaneous Total Business
Business

Year 2009 2008 2007 2009 2008 2007 2009 2008 2007 2009 2008 2007 2009 2008 2007

Gross
Premium 880.17 766.79 576.11 315.76 313.77 248.52 91.78 75.61 64.99 312.59 244.00 218.99 1,600.30 1,400.17 1,108.61

Ri-Insurance
Premium - - -
1.35 0.56 0.49 -
- -
0.03 0.03
0.15
1.38
0.59
0.64
Accepted

Total Gross
Premium 880.17 766.79 576.11 317.11 314.33 249.01 91.78 75.61 64.99 312.62 244.03 219.14 1,601.68 1,400.76 1,109.25

Ri- Insurance
Premium (536.74) (499.16) (417.92) (75.96) (60.97) (57.10) (4.12) (3.07) (3.42) (256.53) (210.34) (179.78) (873.35) (773.54) (658.22)
Ceded

Net Premium 343.43 267.63 158.19 241.15 253.36 191.91 87.66 72.54 61.57 56.09 33.69
39.36
728.33 627.22 451.03

2,000.00

1,500.00
1,600.30

1,400.17

1,000.00
1,108.61 Gross Premium
Net Premium
7 2 8 .3 3

6 2 7 .2 2

4 5 1 .0 3
500.00

-
2009 2008 2007

Fig-Collected Premium
 Investment Position
Details of Investments 2009 2008 Growth 2007

Investment In FDR 714.85 563.30 26.90% 481.71

Investment Bond (Govt Bond) 4.50 4.50 - 4.50

Shares Listed on DSE & CSE (Market Price) 1,413.61 1,237.84 14.20% 423.25

Debentures 10.54 11.67 -9.68% 15.24

Jalalabad Telecom Ltd. 30.00 30.00 - 28.00

IDLC Zero Coupon Bond - 0.32 -100.00% 3.76

GDFSL (Paid up capital) 50.00 50.00 - 20.00

Green Delta AIMS Ltd. (Paid up Capital) 4.50 4.50 - 4.50

BRAC Bank Preferred Share @ 9% 50.00 50.00 - 50.00

United Hospital 56.10 56.10 - 55.00

Investment in GDFSL (Margin Loan) 150.00 100.00 50.00% 60.00

CSE Membership Purchase Price - - - 17.50

Grameen Phone 19.06 16.62 14.68% -

Investment in DBH Mutual Fund 50.00 - - -

BEXIMCO Pharma Preffared share 0.52 - -

BGIC Preference Share 0.28 -   -

TOTAL 2,553.96 2,124.85   1,163.46

 Investment Income
Details of Investment Income 2009 2008 Growth 2008 2007 Growth

Interest on FDR & STD 63.18 45.36 39.29% 45.36 34.20 32.63%

Net profit from shares 122.55 172.74 -29.06% 172.74 124.07 39.23%

Interest on Debenture - 0.48 -100.00% 0.48 3.38 -85.80%

Interest on National Bond 0.38 0.20 90.00% 0.20 0.38 -47.37%

Interest on Zero Coupon Bond 0.01 0.17 -94.12% 0.17 0.56 -69.64%

Underwriting Comm. 2.47 0.23 973.91% 0.23 0.18 27.78%

Dividend Income 18.80 22.23 -15.43% 22.23 19.96 11.37%

Interest Income from GDFSL 15.00 9.72 54.32% 9.72 1.81 437.02%

Co-Ins Service Charges 1.46 1.42 2.82% 1.42 0.90 57.78%

Sundry Income 0.33 0.73 -54.79% 0.73 0.96 -23.96%

Total Income 224.18 253.28 -11.49% 253.28 186.40 35.88%

2009 2008 2007

Investment
Income, 186.40

Investment
Investment
Income, 224.18
Income, 253.28
Fig ; Investment Income
 Claim Paid( 2005-2009)
Taka (In Million)

Year Fire Marine Motor Miscellaneous Total

2009 46.4 37.97 33.71 16.27 134.35

2008 40.79 39.26 16.39 20.79 117.23

Net Claim
2007 44.32 50.5 19.94 2.28 117.04

2006 41.71 14.07 26.15 10.7 92.63

2005 28.36 14.39 11.23 1.36 55.34

Fig : Paid Claim

200
C la im P a id

134.35
150 117.04
92.63
100 55.34
117.23
50

0
2009 2008 2007 2006 2005

Yrae
 Comparative Ratio Analysis
Particular 2009 2008 2007

Return On Assets 3.59% 4.64% 2.90%

Return On Investment 12.63% 15.69% 23.95%

Expense Ratio 36.61% 33.39% 31.89%

Claims Ratio 8.39% 8.37% 10.55%

Current Ratio 1.73 : 1 1.51 : 1 1.52 : 1

Liquidity Ratio 1.54 : 1 1.26 : 1 1.35 : 1

Debt Equity Ratio 0.57 : 1 0.67 : 1 1.05 : 1

 Comparative Analysis Of Management Expenses
Year (2005-2009)
Taka ( In Million )

Growth Growth
HEADS OF EXPENSES 2009 2008 2008 2007 2006 2005
(2008-2009) (2007-2008)

Staffing Cost 213.25 171.61 48.53% 171.61 109.72 56.41% 88.12 80.88

Professional, Audit & Subscription Fee 12.45 7.52 65.56% 7.52 5.95 26.39% 5.48 3.90

Office Rent & Utility Expenses 20.13 18.36 9.64% 18.36 17.15 7.06% 15.77 14.18

Car Maintenance & Fuel 16.43 19.49 18.73% 19.49 15.13 28.82% 11.49 10.73

Office Stationary, Printing & Photostat Charge 9.85 9.27 6.26% 9.27 6.46 43.50% 5.63 4.66

Conveyance & TA & DA 8.39 7.23 16.04% 7.23 6.07 19.11% 5.03 4.07

Meeting, Conference & Training Expenses 4.03 4.15 -2.89% 4.15 1.98 109.60% 2.14 1.84

Financial Charges 5.77 2.35 145.53% 2.35 2.42 -2.89% 1.21 0.97

Business Development, Sponsorship & Advertisement

18.62 17.70 5.25% 17.70 9.20 92.39% 4.29 5.75
Expenses

Directors TA & DA , Fee & Board Meeting Expenses 1.45 1.93 -24.87% 1.93 1.99 -3.02% 1.79 2.15

Office Maintenance & Others 14.68 14.18 3.53% 14.18 13.35 6.22% 10.38 10.82

Total Expenses 325.05 273.79   273.79 189.42   151.33 139.95

 BUDGET VARIANCE -2009
Taka ( In Million)

Budget- Actual
HEAD OF EXPENSES Variance % Of Variance
2009 Expenses. -2009

Staff Cost 201.65 213.25 -11.6 -5.44%

Professional, Audit & Subscription Fee 9.4 12.45 -3.05 -24.50%

Office Rent & Utility Expenses 20.3 20.11 0.19 0.94%

Car Maintenance & Fuel 17.99 16.43 1.56 9.49%

Office Stationary,Printing & Photostate Charge 10.3 9.85 0.45 4.57%

Conveyance & TA & DA 6.5 8.39 -1.89 -22.53%

Meeting,Conference & Training Expenses 3 4.03 -1.03 -25.56%

Financial Charges 1.6 5.77 -4.17 -72.27%

Business Development,Sponsorship & Advertisement

20.52 18.62 1.9 10.20%
Expenses

Directors TA & DA , Fee & Board Meeting Expenses 5.7 1.45 4.25 293.10%

Office Maintenance & Others 16.95 14.68 2.27 15.46%

TOTAL 313.91 325.03 -11.12  

Thank You.