Central Insurance Co Ltd 2020 AR2
The report highlights the financial and operational performance of Central Insurance Company Limited for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the company achieved a gross premium of Tk 379.90 million and a net premium of Tk 245.83 million, representing steady growth. The underwriting profit increased significantly to Tk 89.07 million, up from Tk 45.95 million in 2019. Additionally, the company was rated AA- by Credit Rating Information & Services Limited, indicating high claims paying ability. The Board of Directors recommended a 6% cash dividend and a 7.5% stock dividend for the year.
Company: Central Insurance Co Ltd
Sector: Finance & insurance
Country: Bangladesh
Year: 2020
Type: AR2
Pages: 120
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Central Insurance Co Ltd
Annual Report
The report highlights the financial and operational performance of Central Insurance Company Limited for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the company achieved a gross premium of Tk 379.90 million and a net premium of Tk 245.83 million, representing steady growth. The underwriting profit increased significantly to Tk 89.07 million, up from Tk 45.95 million in 2019. Additionally, the company was rated AA- by Credit Rating Information & Services Limited, indicating high claims paying ability. The Board of Directors recommended a 6% cash dividend and a 7.5% stock dividend for the year.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees