DSE : ASIAINS
Asia Insurance PLC. — Financial statements
Insurance Carriers · Bangladesh
Last price 39.6 BDT (At close: Oct 29, 2026) · Market cap 1.86B
Latest research: Asia Insurance financial analysis: 2025 EPS Tk 2.09, combined ratio 76.9% (Oct 2026) · Asia Insurance: 2025 EPS Tk 2.09, combined ratio 76.9% and Southeast Bank holdings at 56.3% of equity
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 430.49M | 455.52M | 551.78M | 398.04M | 433.00M | 450.60M |
| Total Interest & Dividend Income | 82.91M | 81.31M | 84.13M | 68.01M | 75.35M | 66.42M |
| Gain (Loss) on Sale of Investments | 2.01M | -6.95M | -26.77M | 872.30K | -39.00M | 14.64M |
| Other Revenue | 49.82M | 48.55M | 48.59M | 50.40M | 57.48M | 73.38M |
| Total Revenue | 565.24M | 578.43M | 657.72M | 517.33M | 526.82M | 605.05M |
| Policy Benefits | 158.14M | 142.16M | 136.63M | 105.27M | 105.35M | 127.39M |
| Policy Acquisition & Underwriting Costs | -118.28M | -83.17M | 94.09M | 94.15M | 96.45M | 49.08M |
| Depreciation & Amortization | 21.73M | 22.45M | 27.51M | 29.03M | 29.11M | 27.71M |
| Selling, General & Administrative | 167.51M | 171.07M | 169.42M | 158.27M | 156.09M | 152.31M |
| Other Operating Expenses | 4.92M | 4.92M | 6.17M | 2.69M | 1.20M | 1.35M |
| Total Operating Expenses | 236.02M | 259.43M | 436.83M | 392.91M | 391.70M | 361.85M |
| Operating Income | 329.23M | 319.00M | 220.90M | 124.42M | 135.12M | 243.20M |
| Interest Expense | -2.09M | -2.09M | -2.51M | -2.31M | -2.32M | -2.38M |
| Currency Exchange Gain (Loss) | -2.68M | -397.95K | ||||
| Other Non Operating Income (Expenses) | -1.71M | -1.71M | -2.32M | -1.87M | -1.52M | 767.15K |
| EBT Excluding Unusual Items | 325.42M | 315.19M | 216.07M | 120.24M | 128.60M | 241.18M |
| Gain (Loss) on Sale of Assets | 1.25M | 2.21M | 1.37M | |||
| Pretax Income | 325.42M | 315.19M | 217.32M | 122.45M | 129.97M | 241.18M |
| Income Tax Expense | 49.93M | 55.27M | 57.50M | 40.81M | 38.91M | 59.71M |
| Net Income | 275.49M | 259.92M | 159.82M | 81.64M | 91.06M | 181.47M |
| Preferred Dividends & Other Adjustments | 161.76M | 161.76M | 63.02M | -13.38M | -7.16M | 26.40M |
| Net Income to Common | 113.73M | 98.16M | 96.80M | 95.02M | 98.22M | 155.07M |
| Shares Outstanding (Basic) | 47.11M | 47.07M | 47.07M | 47.07M | 47.07M | 47.07M |
| Shares Outstanding (Diluted) | 47.11M | 47.07M | 47.07M | 47.07M | 47.07M | 47.07M |
| EPS (Basic) | 2.41 | 2.09 | 2.06 | 2.02 | 2.09 | 3.29 |
| EPS (Diluted) | 2.41 | 2.09 | 2.06 | 2.02 | 2.09 | 3.29 |
| Free Cash Flow | 141.11M | 88.45M | 132.07M | 126.24M | 207.20M | 321.12M |
| Free Cash Flow Per Share | 3.00 | 1.88 | 2.81 | 2.68 | 4.40 | 6.82 |
| Dividend Per Share | 1.00 | 1.00 | 1.10 | 1.10 | 1.50 | |
| Operating Margin | 58.25% | 55.15% | 33.59% | 24.05% | 25.65% | 40.20% |
| Profit Margin | 20.12% | 16.97% | 14.72% | 18.37% | 18.64% | 25.63% |
| Free Cash Flow Margin | 24.96% | 15.29% | 20.08% | 24.40% | 39.33% | 53.07% |
| EBITDA | 342.95M | 333.44M | 237.35M | 143.18M | 155.31M | 270.90M |
| EBITDA Margin | 60.67% | 57.65% | 36.09% | 27.68% | 29.48% | 44.77% |
| D&A For EBITDA | 13.72M | 14.45M | 16.46M | 18.77M | 20.19M | 27.71M |
| EBIT | 329.23M | 319.00M | 220.90M | 124.42M | 135.12M | 243.20M |
| EBIT Margin | 58.25% | 55.15% | 33.59% | 24.05% | 25.65% | 40.20% |
| Effective Tax Rate | 15.34% | 17.54% | 26.46% | 33.33% | 29.94% | 24.76% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 80.00M | 25.00M | 25.00M | |||
| Investments in Equity & Preferred Securities | 452.67M | |||||
| Other Investments | 1.11B | 1.09B | 1.12B | 1.23B | 1.31B | 920.66M |
| Total Investments | 1.11B | 1.09B | 1.12B | 1.31B | 1.34B | 1.40B |
| Cash & Equivalents | 67.32M | 13.83M | 16.13M | 21.80M | 22.51M | 65.52M |
| Reinsurance Recoverable | 344.57M | 550.86M | 457.82M | 548.94M | 426.77M | 450.39M |
| Other Receivables | 155.97M | 195.31M | 268.17M | 80.08M | 73.43M | 89.97M |
| Property, Plant & Equipment | 115.65M | 121.79M | 143.94M | 156.61M | 180.00M | 189.07M |
| Other Intangible Assets | 975.30K | 1.03M | 1.14M | 1.16M | 1.05M | 1.08M |
| Other Current Assets | 400.17M | 386.28M | 389.48M | 446.21M | 389.06M | 326.17M |
| Other Long-Term Assets | 115.00M | 110.00M | 105.00M | 1.00 | 1.00 | |
| Total Assets | 2.31B | 2.47B | 2.50B | 2.57B | 2.43B | 2.52B |
| Accrued Expenses | 75.38M | 83.78M | 81.41M | 54.72M | 47.93M | |
| Insurance & Annuity Liabilities | 170.89M | 220.64M | 225.22M | 162.20M | 175.85M | 183.01M |
| Unpaid Claims | 194.89M | 161.70M | 72.00M | 209.20M | 133.00M | 283.50M |
| Unearned Premiums | 88.63M | 103.12M | 206.81M | 132.53M | 218.72M | 245.93M |
| Reinsurance Payable | 131.92M | 315.08M | 363.50M | 412.35M | 354.48M | 327.79M |
| Current Portion of Leases | 1.71M | 2.72M | 6.59M | 3.80M | 5.90M | 5.51M |
| Current Income Taxes Payable | 371.53M | 354.96M | 350.81M | 411.26M | 374.26M | 335.66M |
| Long-Term Leases | 5.24M | 2.40M | 6.99M | 3.62M | 2.88M | 5.78M |
| Long-Term Deferred Tax Liabilities | -1.98M | -1.57M | 3.41M | 4.79M | 983.85K | 1.06M |
| Other Current Liabilities | 49.80M | 4.88M | 3.88M | 3.11M | 2.90M | 1.65M |
| Other Long-Term Liabilities | 91.85M | 2.90M | 2.61M | 3.50M | 4.51M | 5.00M |
| Total Liabilities | 1.10B | 1.25B | 1.34B | 1.44B | 1.34B | 1.45B |
| Common Stock | 470.70M | 470.70M | 470.70M | 470.70M | 470.70M | 470.70M |
| Additional Paid-In Capital | 116.29M | 116.29M | 116.29M | 116.29M | 116.29M | 116.29M |
| Retained Earnings | 619.66M | 630.51M | 582.48M | 540.74M | 502.23M | 480.81M |
| Comprehensive Income & Other | 1.00 | |||||
| Shareholders' Equity | 1.21B | 1.22B | 1.17B | 1.13B | 1.09B | 1.07B |
| Total Liabilities & Equity | 2.31B | 2.47B | 2.50B | 2.57B | 2.43B | 2.52B |
| Filing Date Shares Outstanding | 47.07M | 47.07M | 47.07M | 47.07M | 47.07M | 47.07M |
| Total Common Shares Outstanding | 47.07M | 47.07M | 47.07M | 47.07M | 47.07M | 47.07M |
| Total Debt | 6.95M | 5.12M | 13.59M | 7.43M | 8.78M | 11.29M |
| Net Cash (Debt) | 60.37M | 8.71M | 2.54M | 14.37M | 13.73M | 54.23M |
| Net Cash Per Share | 1.28 | 0.19 | 0.05 | 0.31 | 0.29 | 1.15 |
| Book Value Per Share | 25.64 | 25.87 | 24.85 | 23.96 | 23.14 | 22.69 |
| Tangible Book Value | 1.21B | 1.22B | 1.17B | 1.13B | 1.09B | 1.07B |
| Tangible Book Value Per Share | 25.61 | 25.84 | 24.82 | 23.93 | 23.12 | 22.66 |
| Buildings | 173.05M | 173.05M | 173.05M | 173.05M | 173.05M | |
| Machinery | 88.28M | 87.82M | 90.24M | 97.56M | 84.91M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 275.49M | 259.92M | 159.82M | 81.64M | 91.06M | 181.47M |
| Depreciation & Amortization | 21.61M | 22.34M | 27.39M | 28.91M | 28.99M | 27.71M |
| Other Amortization | 114.07K | 114.07K | 126.78K | 124.83K | 113.66K | |
| Gain (Loss) on Sale of Investments | -14.64M | |||||
| Change in Insurance Reserves / Liabilities | 162.16M | |||||
| Change in Other Net Operating Assets | -62.38M | |||||
| Other Operating Activities | -175.35M | -193.47M | -53.38M | 16.48M | 102.39M | 27.10M |
| Operating Cash Flow | 141.62M | 88.90M | 133.96M | 127.15M | 222.56M | 321.42M |
| Capital Expenditures | -512.40K | -453.57K | -1.89M | -911.43K | -15.36M | -290.95K |
| Sale of Property, Plant & Equipment | 750.00K | 2.19M | 1.55M | 4.33M | ||
| Investment in Securities | -65.04M | 20.22M | 56.16M | 27.27M | 21.87M | -302.10M |
| Other Investing Activities | 786.88K | 1.15M | 21.76M | 892.08K | -41.61M | -33.26M |
| Investing Cash Flow | -64.76M | 20.91M | 76.78M | 29.43M | -33.55M | -331.31M |
| Common Dividends Paid | -46.43M | -46.43M | -51.15M | -51.32M | -69.91M | -67.14M |
| Other Financing Activities | 12.06M | -65.67M | -165.26M | -105.98M | -162.11M | 11.57M |
| Financing Cash Flow | -34.37M | -112.11M | -216.41M | -157.30M | -232.01M | -55.57M |
| Miscellaneous Cash Flow Adjustments | -1.00 | -1.00 | ||||
| Net Cash Flow | 42.49M | -2.29M | -5.67M | -713.71K | -43.01M | -65.47M |
| Free Cash Flow | 141.11M | 88.45M | 132.07M | 126.24M | 207.20M | 321.12M |
| Free Cash Flow Margin | 24.96% | 15.29% | 20.08% | 24.40% | 39.33% | 53.07% |
| Free Cash Flow Per Share | 3.00 | 1.88 | 2.81 | 2.68 | 4.40 | 6.82 |
| Levered Free Cash Flow | 195.51M | 144.62M | -20.90M | 28.99M | -482.76M | 313.97M |
| Unlevered Free Cash Flow | 196.82M | 145.93M | -19.33M | 30.43M | -481.31M | 315.46M |
| Free Cash Flow After Leases | 141.11M | 88.45M | 132.07M | 126.24M | 207.20M | 321.12M |
| Cash Income Tax Paid | 16.66M | 27.42M | 36.27M | 40.73M | ||
| Change in Working Capital | 19.76M | 99.79M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.86B | 1.28B | 1.42B | 2.32B | 2.30B | 5.41B |
| Enterprise Value | 1.80B | 1.27B | 1.38B | 2.30B | 2.15B | 5.36B |
| PE Ratio | 16.40 | 13.04 | 14.64 | 24.42 | 23.43 | 34.91 |
| PS Ratio | 3.30 | 2.21 | 2.15 | 4.49 | 4.37 | 8.95 |
| PB Ratio | 1.54 | 1.05 | 1.21 | 2.06 | 2.11 | 5.07 |
| P/FCF Ratio | 13.21 | 14.48 | 10.73 | 18.38 | 11.11 | 16.86 |
| P/OCF Ratio | 13.16 | 14.40 | 10.58 | 18.25 | 10.34 | 16.84 |
| EV/Sales Ratio | 3.19 | 2.20 | 2.10 | 4.45 | 4.09 | 8.86 |
| EV/EBITDA Ratio | 5.14 | 3.81 | 5.80 | 16.09 | 13.87 | 19.80 |
| EV/EBIT Ratio | 5.48 | 3.99 | 6.24 | 18.52 | 15.95 | 22.05 |
| EV/FCF Ratio | 12.78 | 14.38 | 10.43 | 18.25 | 10.40 | 16.70 |
| Debt / Equity Ratio | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.02 | 0.02 | 0.05 | 0.05 | 0.05 | 0.04 |
| Debt / FCF Ratio | 0.05 | 0.06 | 0.10 | 0.06 | 0.04 | 0.04 |
| Net Debt / Equity Ratio | -0.05 | -0.01 | -0.00 | -0.01 | -0.01 | -0.05 |
| Net Debt / EBITDA Ratio | -0.18 | -0.03 | -0.01 | -0.10 | -0.09 | -0.20 |
| Net Debt / FCF Ratio | -0.43 | -0.10 | -0.02 | -0.11 | -0.07 | -0.17 |
| Quick Ratio | 0.72 | 0.60 | 0.64 | 0.42 | 0.46 | 0.10 |
| Current Ratio | 1.66 | 1.54 | 1.43 | 1.24 | 1.19 | 0.75 |
| Asset Turnover | 0.25 | 0.23 | 0.26 | 0.21 | 0.21 | 0.27 |
| Return on Equity (ROE) | 23.45% | 21.78% | 13.91% | 7.36% | 8.44% | 17.77% |
| Return on Assets (ROA) | 9.04% | 8.02% | 5.45% | 3.11% | 3.41% | 6.68% |
| Return on Invested Capital (ROIC) | 22.65% | 21.87% | 14.02% | 7.43% | 8.70% | 17.74% |
| Earnings Yield | 6.10% | 20.30% | 11.28% | 3.52% | 3.96% | 3.35% |
| FCF Yield | 7.57% | 6.91% | 9.32% | 5.44% | 9.00% | 5.93% |
| Dividend Yield | 2.53% | 3.68% | 3.32% | 2.23% | 2.25% | 1.30% |
| Payout Ratio | 16.85% | 17.87% | 32.00% | 62.87% | 76.77% | 37.00% |
| Total Shareholder Return | 3.30% | 3.68% | 3.32% | 2.23% | 2.25% | 1.30% |