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Karnaphuli insurance Company Limited

7(Seven) years Financial Highlights at a glance

TAKA IN MILLION
(When Applicable)

Particulars 2015 2016 2017 2018 2019 2020 2021
               
Authorized Capital 600.00 600.00 600.00 600.00 600.000 600.000 600.000
Paid up Capital 407.04 407.07 407.04 427.39 448.76 448.76 448.76
Gross Premium Income 280.76 294.87 306.15 326.65 370.08 458.19 520.38
Net Premium Income Less Re-Insurance 148.08 162.14 165.58 156.37 191.48 282.69 340.39
Underwriting Profit 35.98 40.05 45.67 26.84 34.37 48.31 95.26
Investment Income 24.90 56.89 57.06 63.05 54.11 54.64 58.93
Net Profit before Tax 44.25 80.25 87.06 75.14 68.91 95.70 144.13
Net Profit after Tax 19.05 55.25 61.26 55.89 49.29 71.85 106.36
Dividend Amount 40.70 40.70 44.77 47.01 44.87 44.87 53.85
Dividend Paid (Cash) 10.00% 10.00% 6.00% 6.00% 10%   10% 12%
Dividend Paid (Stock)           –             – 5.00% 5.00%           –             –        –
Fixed Deposit (FDR) 640.27 645.18 585.41 575.64 537.07 628.51 657.73
Investment in Bond, Share, Deb. & Unit Fund 34.06 43.83 116.61 120.47 165.87 226.74 263.36
Total Investment 747.27 741.39 787.29 778.06 775.55 965.48 1080.60
Total Assets 1,216.93 1,231.33 1,307.56 1,313.02 1,389.59 1,500.82 1,657.78
Net Asset Value Per Share (NAVPS) 19.11 19.50 20.06 17.69 18.22 18.82 20.19
Earning Per Share 0.47 1.36 1.51 1.25 1.10 1.60 2.37
Market Rate of Share             –             – 17.60 15.80 22.20 33.80 42.50
Required Solvency Margin 62.84 65.27 66.85 69.93 81.90 113.45 142.02
Available Solvency Margin 369.95 338.59 338.18 358.01 331.82 368.54 581.99
Credit Rating             –             – AA- AA AA AA AA+
Number of Shareholders             –             – 9,471 8,922 8,686 9,224

9,255

SUMMARY OF KEY OPERATING AND FINANCIAL DATA OF FIVE PRECEDING YEARS:

(TAKA IN ‘000)

 

Particulers

 

Year 2021

 

Year 2020

 

Year 2019

 

Year 2018

 

Year 2017

Underwriting profit          
as per revenue account 95,264 48,309 24,957 26,835 45,670
Income from          
Interest, Dividend 45,544 54,822 51,665 52,835 51,216
Other income (Including Capital Gain) 13,681 (178) 2,594 11,573 7,078
Total income

 

154,489

 

102,953

 

79,216

 

91243

 

103,964

Expenses of Management          
(P/L Account) (10,357) (7,251) (10,303) (16,105) 16,898
Net profit before tax

 

144,132

 

95,702

 

68,913

 

75,138

 

87,066

Provision for tax (37,770) (23,848) 19,614 19,250 25,800
Net profit after tax 106,362 71,854 49,299 55,888 61,266
Surplus brought forward 3,393 3,616 22,193 21,648 404
Reserves

 

109,755

 

75,470

 

71,492

 

77,636

 

61,670

Exceptional loss (32,938) (27,200) (18000) (14,700) (15,000)
General Reserve (20,000) (5000) (15,000)

 

 

Surplus carried forward: 56,817 48,270 48,492 47,836 46,070