Dear Shareholders,
I am highly pleased to convey my heartfelt thanks to you all on behalf of the Board of Directors of Janata Insurance Company Limited and extend a warm welcome to the 3rd Annual General Meeting of the company with its Annual Report 2018. The Director's Report has elaborately dealt with the overall performance of the company and now I take opportunity to present before you as short presentation about the performance of the company for 2018.
Since its established 34 years. Janata Insurance Company Limited continuous endeavor has built a good value for our shareholder. In review the financial position of the Company you can notice that the business volume has been increased marginally. As 2018 was the year of parliament election so instead of having disorders in business position economy was comparatively static. However, our business has been increased @ 9.50% though as a result the growth and profitability of our company and interest of the shareholders the Board of Directors has recommended 5% Cash and 5% Stock dividend for the year 2018.
Dear Shareholders, under challenges of Insurance business that the Insurance Development and Regulatory Authority (IDRA) has been working minutely to get a powerful standard in the Insurance sector. Our object is to prove our integrity and credibility to the Clients by extending sincere and dedicated services toe them. So, we are giving our best co-operation to them in this regards. I, assure our Shareholders that the Board is quite conscious of the given responsibility and we hope to secure a reasonable market share by rendering promote quality service through sound Risk management proper Re-Insurance and quickest settlement of claims to our valued Clients.
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