Mahbubur Rahman, chairman of Eastland Insurance coverage Firm, presides over its thirty seventh annual basic assembly, which was held just about not too long ago. The assembly declared a ten p.c money dividend for the 12 months 2023. Picture: Eastland Insurance coverage Firm
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Mahbubur Rahman, chairman of Eastland Insurance coverage Firm, presides over its thirty seventh annual basic assembly, which was held just about not too long ago. The assembly declared a ten p.c money dividend for the 12 months 2023. Picture: Eastland Insurance coverage Firm
Eastland Insurance coverage Firm not too long ago declared a ten p.c money dividend for the 12 months that ended on December 31, 2023.
The announcement got here on the insurer’s thirty seventh annual basic assembly (AGM), which was held just about, the non-life insurer mentioned in a press launch.
For all newest information, observe The Each day Star’s Google Information channel. Mahbubur Rahman, chairman of the insurer, presided over the assembly, the place he introduced the “Administrators’ Report and Audited Monetary Statements” alongside an “Impartial Auditor’s Report”.
The chairman mentioned that the world economic system had been squeezed by financial pressures.
“The affect of the world recession shook our economic system. On this state of affairs, Eastland Insurance coverage earned a gross premium of Tk 1,029 million throughout 2023. It has settled claims amounting to Tk 4,018 million throughout its lengthy 37-year tenure,” Rahman mentioned.
“The entire belongings of the corporate stood at Tk 2,565 million as of December 31, 2023,” the chairman additionally mentioned.
Since its inception, Eastland Insurance coverage has been sustaining transparency and ethics, he added.
In recognition of that, the corporate acquired the ‘Finest Company Award’ from the Institute of Chartered Accountants of Bangladesh (ICAB) in 2020 and 2013.
The South Asian Federation of Accountants (SAFA) additionally awarded the insurer with the “Finest Company Award” in 2020.
The Institute of Value and Administration Accountants of Bangladesh (ICMAB) awarded the insurer with the “Finest Presentation Annual Report Award” in 4 consecutive years from 2012 to 2015.
The chairman knowledgeable that the insurer’s credit standing for 2023 had been elevated to “AA+ (Double A plus)” like in earlier years by the Credit score Ranking Info and Companies.
Amongst others, Shahid-E-Monjoor Morshaed, chief govt officer (present cost), additionally joined the assembly.
