DSE : BGIC
Bangladesh General Insurance Company PLC. — Financial statements
Insurance Agents, Brokers, and Service · Bangladesh
Last price 39.1 BDT (At close: Oct 29, 2026) · Market cap 2.11B
Latest research: Bangladesh General Insurance financial analysis: qualified 2025 audit and Tk 296.7m overdraft (Oct 2026) · Bangladesh General Insurance: qualified 2025 audit, combined ratio 81.4% and nine-month 2026 EPS of Tk 1.74
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 488.33M | 518.47M | 466.58M | 445.94M | 419.22M | 392.29M |
| Total Interest & Dividend Income | 48.49M | 85.35M | 85.73M | 57.12M | 50.88M | 43.60M |
| Gain (Loss) on Sale of Investments | -1.69M | -1.69M | 1.30M | 1.02M | 23.65M | 50.14M |
| Other Revenue | 111.37M | 126.82M | 142.55M | 149.36M | 144.08M | 130.51M |
| Total Revenue | 646.49M | 728.95M | 696.14M | 653.44M | 637.84M | 616.54M |
| Policy Benefits | 96.83M | 107.75M | 105.62M | 80.20M | 59.56M | 98.74M |
| Policy Acquisition & Underwriting Costs | 35.06M | 124.97M | 1.13B | 110.43M | 92.19M | 51.79M |
| Depreciation & Amortization | 45.94M | 45.94M | 45.80M | 43.45M | 45.93M | 39.35M |
| Selling, General & Administrative | 285.67M | 268.30M | 280.30M | 281.18M | 294.77M | 266.65M |
| Total Operating Expenses | 471.51M | 554.96M | 1.57B | 519.75M | 500.44M | 457.04M |
| Operating Income | 174.98M | 173.99M | -875.53M | 133.68M | 137.39M | 159.51M |
| Interest Expense | -32.38M | -32.38M | -28.36M | -21.74M | -12.16M | -12.00M |
| Other Non Operating Income (Expenses) | -1.40M | -1.40M | -815.27K | -1.36M | -3.24M | -3.50M |
| EBT Excluding Unusual Items | 141.20M | 140.21M | -904.70M | 110.58M | 121.99M | 144.01M |
| Gain (Loss) on Sale of Assets | 3.17M | 3.17M | 3.29M | 1.80M | 1.02M | 3.08M |
| Pretax Income | 144.37M | 143.38M | -901.41M | 112.38M | 123.01M | 147.09M |
| Income Tax Expense | 37.96M | 37.16M | 34.47M | 31.86M | 30.32M | 31.27M |
| Net Income | 106.41M | 106.22M | -935.88M | 80.52M | 92.69M | 115.82M |
| Preferred Dividends & Other Adjustments | 24.65M | 24.65M | -1.01B | 12.11M | 10.25M | 12.18M |
| Net Income to Common | 81.76M | 81.57M | 75.43M | 68.41M | 82.44M | 103.64M |
| Shares Outstanding (Basic) | 54.03M | 54.03M | 54.03M | 54.03M | 54.03M | 54.03M |
| Shares Outstanding (Diluted) | 54.03M | 54.03M | 54.03M | 54.03M | 54.03M | 54.03M |
| EPS (Basic) | 1.51 | 1.51 | 1.40 | 1.27 | 1.53 | 1.92 |
| EPS (Diluted) | 1.51 | 1.51 | 1.40 | 1.27 | 1.53 | 1.92 |
| Free Cash Flow | 10.88M | 8.95M | 73.89M | 12.91M | 83.60M | 88.26M |
| Free Cash Flow Per Share | 0.20 | 0.17 | 1.37 | 0.24 | 1.55 | 1.63 |
| Dividend Per Share | 1.10 | 1.10 | 1.00 | 1.00 | 1.20 | 1.25 |
| Operating Margin | 27.07% | 23.87% | -125.77% | 20.46% | 21.54% | 25.87% |
| Profit Margin | 12.65% | 11.19% | 10.84% | 10.47% | 12.93% | 16.81% |
| Free Cash Flow Margin | 1.68% | 1.23% | 10.61% | 1.98% | 13.11% | 14.32% |
| EBITDA | 195.56M | 191.28M | -862.65M | 145.26M | 150.92M | 170.60M |
| EBITDA Margin | 30.25% | 26.24% | -123.92% | 22.23% | 23.66% | 27.67% |
| D&A For EBITDA | 20.58M | 17.28M | 12.89M | 11.57M | 13.52M | 11.10M |
| EBIT | 174.98M | 173.99M | -875.53M | 133.68M | 137.39M | 159.51M |
| EBIT Margin | 27.07% | 23.87% | -125.77% | 20.46% | 21.54% | 25.87% |
| Effective Tax Rate | 26.29% | 25.92% | 28.35% | 24.65% | 21.26% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 37.00M | 37.00M | 37.00M | 37.00M | 37.00M | 37.00M |
| Investments in Equity & Preferred Securities | 134.19M | 142.50M | 200.03M | 203.01M | 269.12M | |
| Other Investments | 125.63M | |||||
| Total Investments | 162.63M | 171.19M | 179.50M | 237.03M | 240.01M | 306.12M |
| Cash & Equivalents | 999.72M | 967.83M | 1.00B | 1.02B | 982.70M | 909.12M |
| Reinsurance Recoverable | 581.44M | 444.56M | 313.02M | 219.59M | 225.95M | 220.02M |
| Other Receivables | 181.64M | 113.28M | 81.55M | 137.84M | 75.69M | 77.01M |
| Property, Plant & Equipment | 168.65M | 197.04M | 203.59M | 185.42M | 200.55M | 170.19M |
| Other Current Assets | 5.63M | 50.74M | 30.47M | 13.87M | 18.96M | 18.48M |
| Long-Term Deferred Tax Assets | 4.95M | 3.18M | 2.21M | 1.78M | 1.09M | |
| Other Long-Term Assets | 4.78M | 4.09M | 4.92M | 5.57M | 4.21M | |
| Total Assets | 2.10B | 1.95B | 1.82B | 1.82B | 1.75B | 1.71B |
| Accounts Payable | 40.74M | 36.23M | 36.68M | 34.71M | 28.65M | |
| Accrued Expenses | 10.95M | 950.00K | 300.00K | 850.00K | 1.15M | 1.50M |
| Insurance & Annuity Liabilities | 178.97M | 213.41M | 188.76M | 182.23M | 170.12M | 159.87M |
| Unpaid Claims | 144.43M | 87.33M | 94.24M | 90.84M | 114.42M | 109.21M |
| Unearned Premiums | 30.82M | 30.32M | 21.77M | 18.19M | 16.03M | 6.16M |
| Reinsurance Payable | 37.62M | 36.65M | 31.59M | 18.49M | 10.12M | 8.50M |
| Current Portion of Leases | 14.83M | 9.97M | 13.34M | 26.40M | 35.47M | 20.31M |
| Short-Term Debt | 293.92M | 296.73M | 209.56M | 226.67M | 174.88M | 142.08M |
| Current Income Taxes Payable | 191.88M | 155.42M | 136.00M | 116.87M | 105.86M | 110.22M |
| Long-Term Leases | 12.24M | 13.14M | 29.35M | 35.64M | 27.28M | |
| Other Current Liabilities | 56.41M | 4.89M | 21.78M | 6.86M | 9.72M | 24.64M |
| Other Long-Term Liabilities | 10.24M | 14.42M | 7.37M | 7.37M | 7.27M | |
| Total Liabilities | 959.83M | 898.89M | 781.14M | 760.80M | 715.51M | 645.70M |
| Common Stock | 540.27M | 540.27M | 540.27M | 540.27M | 540.27M | 540.27M |
| Additional Paid-In Capital | 244.83M | 244.83M | 244.83M | 244.83M | 244.83M | 244.83M |
| Retained Earnings | 360.70M | 336.23M | 317.68M | 304.77M | 306.20M | 295.79M |
| Comprehensive Income & Other | -1.10M | -65.85M | -67.35M | -33.44M | -55.59M | -20.36M |
| Shareholders' Equity | 1.14B | 1.06B | 1.04B | 1.06B | 1.04B | 1.06B |
| Total Liabilities & Equity | 2.10B | 1.95B | 1.82B | 1.82B | 1.75B | 1.71B |
| Filing Date Shares Outstanding | 54.03M | 54.03M | 54.03M | 54.03M | 54.03M | 54.03M |
| Total Common Shares Outstanding | 54.03M | 54.03M | 54.03M | 54.03M | 54.03M | 54.03M |
| Total Debt | 308.75M | 318.94M | 236.04M | 282.42M | 246.00M | 189.68M |
| Net Cash (Debt) | 690.97M | 648.89M | 765.12M | 733.93M | 736.70M | 719.44M |
| Net Cash Per Share | 12.79 | 12.01 | 14.16 | 13.58 | 13.64 | 13.32 |
| Book Value Per Share | 21.19 | 19.54 | 19.16 | 19.55 | 19.17 | 19.63 |
| Tangible Book Value | 1.14B | 1.06B | 1.04B | 1.06B | 1.04B | 1.06B |
| Tangible Book Value Per Share | 21.19 | 19.54 | 19.16 | 19.55 | 19.17 | 19.63 |
| Land | 26.49M | 26.49M | 26.49M | 26.49M | 26.49M | |
| Buildings | 90.12M | 90.12M | 90.12M | 90.12M | 90.12M | |
| Machinery | 168.68M | 152.95M | 144.03M | 139.67M | 125.03M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 106.41M | 106.22M | -935.88M | 80.52M | 92.69M | 115.82M |
| Depreciation & Amortization | 45.94M | 45.94M | 45.80M | 43.45M | 45.93M | 39.35M |
| Other Operating Activities | -110.47M | -119.85M | 974.66M | -104.18M | -38.73M | -32.03M |
| Operating Cash Flow | 41.88M | 32.31M | 84.58M | 19.79M | 99.89M | 123.15M |
| Capital Expenditures | -31.00M | -23.36M | -10.69M | -6.87M | -16.29M | -34.89M |
| Sale of Property, Plant & Equipment | 10.47M | 7.64M | 1.64M | 2.52M | 1.63M | 6.23M |
| Investment in Securities | -62.32M | -83.06M | -19.59M | 31.27M | 23.08M | -13.03M |
| Investing Cash Flow | -82.85M | -98.78M | -28.64M | 26.91M | 8.43M | -41.69M |
| Long-Term Debt Issued | 87.17M | 51.79M | 32.80M | 65.28M | ||
| Total Debt Repaid | -2.81M | -17.11M | ||||
| Net Debt Issued (Repaid) | 50.99M | 87.17M | -17.11M | 51.79M | 32.80M | 65.28M |
| Common Dividends Paid | -59.43M | -54.03M | -54.03M | -64.83M | -67.53M | -64.83M |
| Financing Cash Flow | -8.44M | 33.14M | -71.14M | -13.04M | -34.74M | 444.73K |
| Net Cash Flow | -49.41M | -33.33M | -15.20M | 33.66M | 73.58M | 81.91M |
| Free Cash Flow | 10.88M | 8.95M | 73.89M | 12.91M | 83.60M | 88.26M |
| Free Cash Flow Margin | 1.68% | 1.23% | 10.61% | 1.98% | 13.11% | 14.32% |
| Free Cash Flow Per Share | 0.20 | 0.17 | 1.37 | 0.24 | 1.55 | 1.63 |
| Levered Free Cash Flow | -85.02M | -58.20M | -532.47M | 52.21M | 105.48M | 154.02M |
| Unlevered Free Cash Flow | -64.78M | -37.96M | -514.75M | 65.80M | 113.08M | 161.52M |
| Cash Income Tax Paid | 19.75M | 19.51M | 16.31M | 21.28M | 9.66M | 33.01M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.11B | 1.65B | 1.81B | 2.70B | 3.37B | 2.93B |
| Enterprise Value | 1.42B | 861.49M | 1.09B | 1.65B | 2.58B | 2.22B |
| PE Ratio | 25.84 | 20.20 | 23.99 | 39.49 | 40.89 | 28.25 |
| PS Ratio | 3.27 | 2.26 | 2.60 | 4.13 | 5.29 | 4.75 |
| PB Ratio | 1.85 | 1.56 | 1.75 | 2.56 | 3.25 | 2.76 |
| P/FCF Ratio | 194.16 | 184.13 | 24.50 | 209.17 | 40.33 | 33.18 |
| P/OCF Ratio | 50.44 | 50.99 | 21.40 | 136.51 | 33.75 | 23.78 |
| EV/Sales Ratio | 2.20 | 1.18 | 1.57 | 2.52 | 4.04 | 3.60 |
| EV/EBITDA Ratio | 6.34 | 4.50 | 11.36 | 17.08 | 12.99 | |
| EV/EBIT Ratio | 8.12 | 4.95 | 12.34 | 18.76 | 13.90 | |
| EV/FCF Ratio | 130.65 | 96.27 | 14.80 | 127.73 | 30.83 | 25.12 |
| Debt / Equity Ratio | 0.27 | 0.30 | 0.23 | 0.27 | 0.24 | 0.18 |
| Debt / EBITDA Ratio | 1.38 | 1.45 | 1.59 | 1.34 | 0.95 | |
| Debt / FCF Ratio | 28.38 | 35.64 | 3.19 | 21.87 | 2.94 | 2.15 |
| Net Debt / Equity Ratio | -0.60 | -0.61 | -0.74 | -0.69 | -0.71 | -0.68 |
| Net Debt / EBITDA Ratio | -3.53 | -3.39 | 0.89 | -5.05 | -4.88 | -4.22 |
| Net Debt / FCF Ratio | -63.51 | -72.51 | -10.36 | -56.83 | -8.81 | -8.15 |
| Quick Ratio | 1.51 | 1.46 | 1.77 | 1.88 | 1.96 | 2.02 |
| Current Ratio | 2.43 | 2.38 | 2.52 | 2.56 | 2.59 | 2.71 |
| Asset Turnover | 0.32 | 0.39 | 0.38 | 0.37 | 0.37 | 0.37 |
| Return on Equity (ROE) | 9.56% | 10.16% | -89.48% | 7.70% | 8.84% | 10.99% |
| Return on Assets (ROA) | 5.40% | 5.77% | -30.12% | 4.68% | 4.97% | 5.94% |
| Return on Invested Capital (ROIC) | 8.69% | 9.74% | -67.08% | 7.31% | 8.18% | 10.38% |
| Earnings Yield | 3.87% | 6.45% | -51.71% | 2.98% | 2.75% | 3.96% |
| FCF Yield | 0.52% | 0.54% | 4.08% | 0.48% | 2.48% | 3.01% |
| Dividend Yield | 2.81% | 3.61% | 2.99% | 2.00% | 1.92% | 2.31% |
| Payout Ratio | 55.85% | 50.86% | 80.52% | 72.86% | 55.98% | |
| Total Shareholder Return | 2.81% | 3.61% | 2.99% | 2.00% | 1.92% | 2.31% |