It is a broadly described annual report of Asia Pacific General Insurance Company Limited in the year of 2014. During the financial year, APGIC earned a gross premium income of Tk. 327.55 million as against Tk. 282.75 million in 2013 showing a growth of 15.84%. Total underwriting profit Tk. 40.69 Million in 2014 which is reduced due to higher claim settlement compared to previous year. Fixed deposit position stood at Tk. 538.27 million in 2014 compared to Tk. 523.45 Million in the year 2013. EPS stood at Tk. 1.50/- which has slightly reduced but not fell flat despite all the challenges. Investment & other income is Tk. 72.64 million in 2014 while it was Tk. 73.52 in 2013. Total Assets of the Company stood at Tk. 1079.80 million in 2014, while it was Tk. 1084.64 in 2013. Net Asset Value per Share (NAV) is Tk. 16.74 in 2014 as against Tk. 16.50 in 2013.
The Board of Directors has been pleased to recommend for the declaration of @10% Cash dividend to the Shareholders for an amount of Tk. 42,350,000/- only subject to the approval of the 15th Annual General Meeting (AGM). 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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