FINANCIAL REPORT ON INSURANCE COMPANIES

Abstract

Investors need financial statements that can provide important information about income, expenses, profitability, debt burden, and ability to meet their short- and long-term financial obligations to the company. Financial ratio analysis checks certain financial elements in the company's financial statements to determine the company's operating conditions. The ratio determines the profitability, the company's debt, management performance and operational efficiency. This study analyses the insurance companies of Bangladesh and compares the financial performance of eight popular insurance companies in Bangladesh. The qualitative research approach is followed to interpret the findings. Moreover, the study selected eight private non-life insurance companies to analyse their annual reports of the year 2020. The study also detected several noteworthy findings based on the information gathered from the annual report. Finally several recommendations are given for the betterment of the insurance industry of Bangladesh