Ladies & Gentlemen
On behalf of the Board of Directors of Janata Insurance Company Limited, I am glad to extend a warm welcome to you to this 32nd Annual General Meeting of the Company and place before you Company’s Annual Report for the year 2017.
The Directors’ Report has elaborately dealt with the overall performance of the company pertaining to the year 2017. I would like to point out the main features regarding the affairs of the company.
In review the financial position of the Company you can notice that due to stiff competition prevailing in the Insurance market of our country, business volume of Janata Insurance Company Ltd. during the year 2017 has been decreased marginally. But, net profit before tax of the Company increased in comparison to previous year for decrease of management expenses and re-insurance cost mainly. It is also mentioned that considering the company’s profitability and the interest of the Shareholders, the Board of Directors of the company has recommended 5% stock dividend for the year 2017.
Dear Shareholders, you know risk is our business. Our object is to prove our integrity and credibility to the Clients by extending sincere and dedicated services to them. Janata Insurance is working to secure a reasonable market share by rendering prompt quality services through advance technology, sound underwriting, proper re-insurance and quickest settlement of claims to our valued clients. In this view and under a special program, necessary change in the management team of the Company is going on. We hope, by the more co-operation and help of the stakeholders of the Company, in future, we will be in a position to reach the goal of success under the strict supervision of the new Insurance Laws and IDRA. And we will also be able to increase the business volume and ultimately profit of the Company.
In fine, I remain thankful to you and all other stakeholders for extending their ceaseless support to the Company. I would like to thank to the management team and our employees for their dedication and commitment during the year 2017 and hope for their continued efforts in the year to come to implement our corporate strategy. I would also like to convey my sincere gratitude to the Board of Directors for their support and co-operation.
Hoping this finds you in the best of your health, spirits and good luck.
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