In line with the general practices, the underwriting business of Green Delta Insurance Company Ltd. covers fire insurance, marine insurance, motor insurance and miscellaneous business. It is our pleasure to report that in 2009 Green Delta Insurance Company Ltd. experienced another record year of growth in premium earnings. Gross premium income increased by BDT. 200.88 million compared to that of previous year registering a growth of 14.34%
In the year 2009 Gross premium income increased from fire insurance alone by 14.79% from BDT. 766.78 million in 2008 to BDT. 880.17 million in 2009. After ceding reinsurance of the BDT. 536.74 million, the net premium income from Fire insurance business stood at the BDT. 343.43 million which is 28.32% higher than year 2008. In the year 2009 Gross premium income increased in Marine insurance business by 0.89% from BDT. 314.32 million in 2008 to BDT. 317.10 million in 2009. After ceding the reinsurance of BDT 77.57 million, the net premium stood at BDT. 239.53 million, which is (5.45)% lower than 2008.
The gross premium income from motor insurance business was increased by 21.38% from BDT. 75.61 million in 2008 to BDT. 91.77 million. In 2009, after ceding the reinsurance premium of BDT 4.11 million the net premium stood at BDT 87.67 million.
Gross premium income increased from Miscellaneous insurance business by 28.09% from BDT. 244.03 million in 2008 to BDT. 312.58 million in 2009 and after ceding the reinsurance premium of BDT. 256.53 million the net premium income from miscellaneous business stood at BDT. 56.05 million which is 66.32% higher than the previous year. Out of total premium earned, if the specific contribution by
GDIC seeks to underwrite businesses with corporate ethics and strives to create a policyholders base with best possible risk management profile. Customer base is very selective and GDIC remains extremely choosy in partnering with clients. Every business that is underwritten by GDIC must meet strict underwriting guidelines of the company and be reevaluated annually upon renewal. GDIC maintains strong
The net premium of all classes of business of GDIC reported significantly higher growth rate than that of industry over the period under analysis and stood at BDT 726.69 million in 2009 which helped GDIC to claim the leading position in the industry. The growth rate of net claim of GDIC has been
Earning per Share (EPS) stood at BDT. 56.99 at the end of the year 2009 while it was BDT. 120.06 in the year 2008. Green Delta Insurance Company Ltd has got an available solvency margin of BDT 1400.11 million against the
In order to ensure a long term growth and sustainable income GDIC believes in building up reserves and assets which are the most essential elements for any company’s operating philosophy. In line with this, GDIC has built up a reserve