Q1 Financials: Rupali Life Insurance has reported a deficit of Tk 274.06 million for the first quarter of 2024, marking a significant downturn compared to the same period last year. According to the company’s Life Revenue Account for January to March 2024, total claims and expenses exceeded total income, reversing the Tk 6.62 million surplus recorded in the first quarter of 2023.
As a result, the Balance of the Life Insurance Fund stood at Tk 4,736.49 million as of March 31, 2024, down from Tk 5,073.88 million on the same date in 2023, reflecting a net decrease of Tk 337.39 million.
Q2 Financials: The latest financial data from the life revenue account of the company reveals a surplus of BDT 28.41 million for the second quarter of 2024, a turnaround from the BDT 3.77 million deficit recorded in the same period of 2023. This positive result indicates an excess of total income over total claims and expenses for April to June 2024.
However, when examining the first half of 2024, the company faced a deficit of BDT 245.64 million, a stark contrast to the BDT 2.85 million surplus achieved in the corresponding period of 2023.
As of June 30, 2024, the Balance of the Life Insurance Fund was BDT 4,764.19 million, down by BDT 305.10 million from BDT 5,069.29 million as of June 30, 2023.
Dividends: Rupali Life Insurance Limited from Dhaka Stock Exchange (DSE) have disclosed their Dividends for the year ended June 30, 2024. This source is known from the DSE official website. The Company has recommended 13% cash Dividend for the year ending June 30, 2024. Record date: 26.09.2024. AGM: 30.10.2024.
