Company · DSE:MERCINS · Insurance · Analysis · 01 Nov 2026
Mercantile Islami Insurance: fire claims of Tk 181.7m, combined ratio 110.7% and 2025 EPS Tk 1.65
A Dhaka general insurer with Tk 935m of equity and Tk 1.06bn in FDRs. 2025 net premium fell 29.6% to Tk 273.8m, fire lost Tk 144.2m and EPS was Tk 1.65; the auditor added four emphasis-of-matter bullets.
What it is. Mercantile Islami Insurance PLC (DSE: MERCINS) is a non-life insurer incorporated in Bangladesh on 19 March 1996 and traded on the Dhaka Stock Exchange from 7 December 2004. Its earlier reports carry the name Mercantile Insurance Company Ltd.. It writes fire, marine…
Company · DSE:PHENIXINS · Insurance · Analysis · 29 Oct 2026
Phoenix Insurance: 2025 EPS Tk 2.02, combined ratio 90.7% and a fire loss of Tk 48.1m
A Dhaka general insurer with no bank debt and City Bank shares with a market value of Tk 217.9m. In 2025 fire made a Tk 48.1m underwriting loss, share-sale gains were Tk 26.7m and EPS was Tk 2.02; nine-month 2026 EPS was Tk 2.05 against Tk 1.61.
What it is. Phoenix Insurance PLC (DSE: PHENIXINS) is a Dhaka general (non-life) insurer, incorporated as a public limited company in 1986, which went public in 1994. It writes fire, marine cargo, marine hull, motor and miscellaneous business. The name changed from Phoenix Insurance Company…
Company · DSE:ICICL · Insurance · Analysis · 29 Oct 2026
Islami Commercial Insurance: gross premium Tk 857.5m in 2025, combined ratio 77.4%, seven emphasis-of-matter paragraphs
A Dhaka general insurer with marine cargo at 53.4% of 2025 gross premium. 2025 EPS was Tk 1.13 and nine-month 2026 EPS Tk 1.38 (DSE); the unmodified 2025 audit opinion carries seven emphasis-of-matter paragraphs.
Where it stands. Islami Commercial Insurance PLC is a Dhaka-listed general (non-life) insurer that writes fire, marine cargo, marine hull, motor and miscellaneous business. Gross premium was Tk 857.5m in 2025, against Tk 631.3m in 2024, a change of 35.8%. Net premium after re-insurance was…
Company · DSE:GLOBALINS · Insurance · Analysis · 29 Oct 2026
Global Insurance: 2025 EPS Tk 1.29, combined ratio 93.5% and management expenses at 55.8% of gross premium
A Dhaka non-life insurer. 2025 net premium Tk 619.29m and EPS Tk 1.29; H1 2026 EPS Tk 1.48 (DSE). Unmodified 2025 audit opinion with one emphasis paragraph on WPPF; the company told DSE that IDRA fined it for excess management expenses in 2020-2024.
What it is. Global Insurance PLC (DSE: GLOBALINS) is a non-life insurer incorporated in Bangladesh on April 23, 2000, with its principal office at Al-Razi Complex (12th Floor), Purana Paltan, Dhaka, and 68 branches. It has 40,551,763 ordinary shares of Tk 10. DSE approved the…
Company · DSE:REPUBLIC · Insurance · Analysis · 29 Oct 2026
Republic Insurance: qualified 2025 audit, combined ratio 79.4% and Tk 799.7m due from SBC
A general insurer: in 2025 marine cargo made Tk 115.9m of underwriting profit and total underwriting profit was Tk 105.9m. The auditor qualified the 2025 accounts over gratuity, expected credit loss and unconfirmed SBC balances. EPS was Tk 1.88; nine-month 2026 EPS was Tk 1.45 against Tk 1.47.
What it is. Republic Insurance PLC (DSE: REPUBLIC) is a general insurer writing fire, marine cargo, marine hull, motor and miscellaneous business. DSE approved the change of name from 'Republic Insurance Company Limited' to 'Republic Insurance PLC' with effect from 17-Nov-2025. It has 54,704,156 shares…
Company · DSE:RUPALIINS · Insurance · Analysis · 29 Oct 2026
Rupali Insurance: unmodified 2025 audit, net underwriting profit Tk 98.2m and combined ratio 74.2%
A Dhaka general insurer with fire and marine cargo at 77.9% of 2025 gross premium. 2025 EPS was Tk 1.02 and nine-month 2026 EPS Tk 1.02 (DSE); the 2025 audit opinion carries no emphasis paragraph.
What it is. Rupali Insurance Company Limited (DSE: RUPALIINS) 'was incorporated as a Public Limited Company on 19th May 1988' and its stated objective is 'to carry on all kinds of insurance, guarantee and indemnity business other than life insurance business'. The registered office is…
Company · DSE:ASIAINS · Insurance · Analysis · 29 Oct 2026
Asia Insurance: 2025 EPS Tk 2.09, combined ratio 76.9% and Southeast Bank holdings at 56.3% of equity
A Dhaka non-life insurer. 2025 net premium Tk 455.52m and EPS Tk 2.09; nine-month 2026 EPS Tk 1.76 (DSE). Unmodified 2025 audit opinion with one emphasis-of-matter paragraph on a cover-note restatement.
What it is. Asia Insurance PLC (DSE: ASIAINS) is a non-life insurer incorporated in Bangladesh in 2000, with its corporate headquarters at Rupayan Trade Centre (14th Floor), Kazi Nazrul Islam Avenue, Dhaka. It has 47,069,858 ordinary shares of Tk 10. DSE approved the name 'Asia…