One of the Listed companies, National Life Insurance Limited has recommended 38% Cash Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported EPS of Tk. 4.23 for the year ended December 31, 2023. NAV per share of Tk. 51.02.
The Annual General Meeting (AGM) of the company will be held on June 30, through the digital platform. The record date for this has been fixed at June 12.
Q1 Financials: The company’s earnings per share (EPS) was Tk 0.66 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.89 paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 18.13.
According to the consolidated life revenue account for January to March 2024, the company reported a surplus of total income over total expenses, including claims, amounting to 783.32 million taka. This is a significant increase compared to the 466.71 million taka surplus recorded in the same period in 2023. As a result, the consolidated balance of the Life Insurance Fund stood at 53,794.37 million taka as of March 31, 2024, up from 48,472.69 million taka on March 31, 2023, marking a net increase of 5,321.68 million taka.
