Sandhani Life Insurance has declared a 12% cash dividend for 2023, maintaining the same rate as the previous year. The company’s board of directors made the announcement at a meeting held. The annual general meeting to approve the dividend is scheduled for 25 September, with a record date set for 29 July.
For the year ending 2023, Sandhani Life’s consolidated earnings per share increased to Tk1.10 from Tk0.80 the previous year. The consolidated net asset value per share was Tk18.48, and the net operating cash flow per share was Tk0.35 negative as of 31 December 2023.
From January to March 2024, the company’s consolidated life revenue showed expenses, including claims, exceeding income by Tk 25.79 crore, an improvement from Tk 30.82 crore in the same period of 2023. The Life Insurance Fund balance stood at Tk 684.16 crore, down from Tk 691.43 crore a year earlier.
Source for more details:
