Bangladesh General Insurance Company (BGIC), a non-life insurer, recorded a 20% decrease in net profit for the year ending December 2022 due to a decline in premium income. The company reported a net profit of Tk 8.26 crore in 2022, down from Tk 10.3 crore in the previous year. Earnings per share (EPS) also decreased from Tk 1.92 to Tk 1.53. Despite the decline, the company declared a cash dividend of 12% for 2022, slightly lower than the previous year. The final approval of the dividend distribution is expected to be granted during the annual general meeting scheduled for August 3, 2023.
BGIC Net Profit Drops 20% in 2022
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