Eastland Insurance approves 10% cash dividend for 2025

Eastland Insurance PLC has approved a 10 percent cash dividend for the year that ended on December 31, 2025.

The approval was given at the non-life insurance company’s 39th annual general meeting (AGM), which was held virtually recently. Mahbubur Rahman, chairman of the non-life insurer, presided over the meeting, according to a press release.

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At the AGM, he said the global economy had come under pressure due to the economic recession, the impact of which had also affected Bangladesh’s economy.

“Despite the challenging situation, Eastland Insurance earned a gross premium of Tk 96.9 crore in 2025 and has settled claims amounting to Tk 436.4 crore over its 39-year history,” he said.

The chairman also said the company’s total assets stood at Tk 265.3 crore as of December 31, 2025.

“Since its inception, Eastland Insurance has maintained transparency and ethical business practices. In recognition of its performance, the company received the ‘IDRA Insurance Excellence Award 2025’ in 2026 and the ‘Best Corporate Award’ from the Institute of Chartered Accountants of Bangladesh (ICAB) for 2020 and 2013,” he added.

The South Asian Federation of Accountants (SAFA) also honoured the company with the “Best Corporate Award” in 2020. In addition, the Institute of Cost and Management Accountants of Bangladesh (ICMAB) awarded the company the “Best Presentation Annual Report Award” for four consecutive years from 2012 to 2015.

Credit Rating Information and Services Ltd had upgraded the company’s credit rating for 2025-26 to “AAA” (Triple A), the chairman said, adding that the company would continue striving to maintain this achievement and further strengthen its rating.

A large number of shareholders from across the country also joined the AGM. They approved the appointment of the statutory auditor and the corporate governance compliance auditor for 2026.

Mohammed Salim, chief executive officer of the insurer, was also present, along with the company’s directors.