Eastland Insurance Approves 10% Cash Dividend for Shareholders

Eastland Insurance has approved a 10 per cent cash dividend for its public shareholders for the 2025 financial year after shareholders unanimously endorsed the proposal at the company’s 39th Annual General Meeting (AGM), held recently through a virtual platform. The announcement was made in a press release issued by Eastland Insurance.

The AGM was chaired by the company’s Chairman, Mahbubur Rahman, and attended by Chief Executive Officer Mohammad Selim, members of the Board of Directors and a significant number of shareholders. During the meeting, shareholders approved the Board of Directors’ report and the audited financial statements for the year ended 2025.

The meeting also approved the appointment of statutory auditors and corporate governance compliance auditors for the 2026 financial year, reaffirming the company’s commitment to maintaining transparency, sound financial reporting and strong corporate governance practices.

Addressing the shareholders, Chairman Mahbubur Rahman said the national economy had come under pressure from the prolonged effects of global economic uncertainty and ongoing international conflicts. Despite these challenges, he said, Eastland Insurance maintained stable business performance throughout 2025 and continued to strengthen its position in the country’s non-life insurance sector.

He revealed that the company generated more than Tk 96.90 crore in gross premium income during 2025, reflecting its resilience despite difficult market conditions. He added that the company’s sustained financial performance enabled it to reward shareholders while continuing to meet its obligations to policyholders.

The chairman also highlighted the company’s long-standing record in settling insurance claims. According to the figures presented at the meeting, Eastland Insurance has paid a cumulative Tk 436.40 crore in insurance claims from its inception through to 2025. He said this demonstrated the insurer’s commitment to fulfilling its contractual responsibilities and maintaining the confidence of its customers.

Shareholders participating in the virtual AGM discussed the company’s financial performance, governance practices and future business prospects. The Board responded to various queries and reaffirmed its commitment to prudent risk management, operational efficiency and sustainable growth.

Company officials expressed optimism that Eastland Insurance would continue to strengthen its market position by maintaining disciplined financial management, enhancing customer service and adapting to evolving economic conditions. They also reiterated that safeguarding shareholders’ interests while ensuring prompt claim settlement and regulatory compliance would remain among the company’s principal priorities in the years ahead.