City General Insurance Company Limited.

(Tk. in Million)31-12-2002 31-12-2003 31-12-2004 31-12-2005 31-12-06Net Premium 46.66 33.99 37.99 40.11 54.80Growth -27.15% 11.77% 5.58% 36.62%Net Claims 21.58 4.99 2.64 10.48 16.53Growth -76.88% -47.09% 296.97% 57.73%Management Expenses 28.37 34.82 39.76 23.73 27.78Growth 22.74% 14.19% -40.32% 17.07%Net Profit after Taxes 6.15 9.04 10.66 13.84 9.06Growth 46.99% 17.92% 29.83% -34.54%Earnings per Share 10.25 15.07 17.77 23.07 15.10Growth 46.99% 17.92% 29.83% -34.54%Total Assets 135.52 145.98 146.10 141.32 161.09Growth 7.72% 0.08% -3.27% 13.99%Retained Earnings 1.78 8.13 0.57 0.11 0.67Total Reserves* 13.58 22.63 18.77 18.81 21.87Growth 66.64% -17.06% 0.21% 16.27%Total Net AssetValue 73.58 82.63 78.77 78.81 81.87Growth 12.30% -4.67% 0.05% 3.88%Net Asset Value per Share 122.63 137.72 131.28 131.35 136.45Growth 12.30% -4.67% 0.05% 3.88%External and Internal Risk Factors and Management perception aboutthe risksRisk factorInvestors should keep in mind that there is a difference between equity securitiesand debt securities. As a residual owner, the claim of an equity shareholder comeslast and in an extreme situation he/she may loss his/her entire investment.Management PerceptionThe Management of City General Insurance does aware about the equityshareholders position of getting their respective claims and believes that this kindof extreme situation would not arise.Risk factorAny structural change in the international insurance business adversely affectingreinsurance operations may have negative impact on the profitability of thecompany.Management PerceptionThe history of insurance/re-insurance business for over two hundred years provesany major structural change affecting our reinsurance business is unimaginable.Any such event would create a global destabilization, which the major economiesmust not cause to happen.Risk factor