Dear Shareholders,

Janata Insurance Company Limited was established in 1986. Since its established 36 years, Janata Insurance Company Limited continuously endeavor has built a good value for our shareholder.

I am highly pleased to convey my heartfelt thanks all of you all on behalf of the Board of Directors of Janata Insurance Company Limited and extend a warm welcome to the 35th Annual General Meeting of the Company with its Annual Report 2020. The Directors’ Report has elaborately dealt with the overall performance of the Company and now I take the opportunity to present before you as short presentation about the performance of the Company for the year 2020.

In review the financial position of the Company you can notice that the business volume has been increased 1.46% in comparison with the previous year due to an unhealthy competition and adverse circumstances now prevailing the Insurance Sector. As a result, the growth profitability has been increased 6.54% of our Company and interest of the Shareholders the Board of Directors has recommended 6% Cash Dividend and 5% Stock Dividend for the year 2020.

It is no doubt that the outbreak of COVID-19 and the ensuing social and economic turmoil has changed the world forever, requiring unprecedented responses from governments, society and businesses alike. As a general insurance company with a major impact on Bangladesh, the Board has remained focused on our purpose, guided by our values, in ensuring continued support to our customers amidst the challenging times, keeping our employees safe, operating the business in a regulatory compliant manner and positioning the Company for sustainable performance through this challenging period.

Dear Shareholder, under challenges of Insurance business that the Insurance Development and Regulatory Authority (IDRA) have 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 to 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.

I must express in my deep sense of gratitude to our valued Clients, Shareholders, Regulators, Stock Exchange, my fellow Directors and advisers, employees and well-wisher of the Company for extending their continuous support and co-operation.

Thanking you,

Zafrul Islam Chowdhury

Chairman