DSE : CENTRALINS
Central Insurance PLC. — Financial statements
Insurance Carriers · Bangladesh
Last price 43 BDT (At close: Oct 29, 2026) · Market cap 2.29B
Latest research: Central Insurance financial analysis: adverse 2025 audit opinion, combined ratio 79.8% (Oct 2026) · Central Insurance: adverse audit opinion on 2025, combined ratio up to 79.8% and nine-month 2026 EPS of Tk 1.79
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 432.98M | 415.67M | 397.51M | 378.72M | 358.49M | 346.43M |
| Total Interest & Dividend Income | 136.71M | 105.45M | 95.08M | 83.47M | 79.33M | 65.35M |
| Gain (Loss) on Sale of Investments | 222.90K | 151.83K | 5.99K | 16.98M | ||
| Other Revenue | 21.19M | 31.09M | 26.22M | 27.42M | 23.42M | 20.92M |
| Total Revenue | 590.88M | 552.21M | 519.03M | 489.77M | 461.25M | 449.67M |
| Policy Benefits | 112.01M | 97.48M | 77.99M | 64.22M | 68.77M | 40.42M |
| Policy Acquisition & Underwriting Costs | 67.72M | 86.83M | 71.98M | 68.41M | 60.46M | 40.52M |
| Depreciation & Amortization | 16.43M | 16.43M | 17.48M | 17.37M | 18.17M | 18.70M |
| Selling, General & Administrative | 224.34M | 201.41M | 202.60M | 182.23M | 161.04M | 147.60M |
| Total Operating Expenses | 425.51M | 407.14M | 375.05M | 337.23M | 313.44M | 249.79M |
| Operating Income | 165.37M | 145.06M | 143.98M | 152.54M | 147.80M | 199.88M |
| Other Non Operating Income (Expenses) | -475.00K | -475.00K | -315.00K | -653.50K | -865.00K | -720.00K |
| EBT Excluding Unusual Items | 164.90M | 144.59M | 143.66M | 151.88M | 146.94M | 199.16M |
| Gain (Loss) on Sale of Assets | 7.05K | 582.63K | ||||
| Pretax Income | 164.90M | 144.59M | 143.66M | 151.88M | 146.95M | 199.74M |
| Income Tax Expense | 38.32M | 35.91M | 37.70M | 40.21M | 32.14M | 32.91M |
| Net Income | 126.58M | 108.68M | 105.96M | 111.67M | 114.81M | 166.83M |
| Net Income to Common | 126.58M | 108.68M | 105.96M | 111.67M | 114.81M | 166.83M |
| Shares Outstanding (Basic) | 53.14M | 53.14M | 53.14M | 53.14M | 53.14M | 53.14M |
| Shares Outstanding (Diluted) | 53.14M | 53.14M | 53.14M | 53.14M | 53.14M | 53.14M |
| EPS (Basic) | 2.38 | 2.04 | 1.99 | 2.10 | 2.16 | 3.14 |
| EPS (Diluted) | 2.38 | 2.04 | 1.99 | 2.10 | 2.16 | 3.14 |
| Free Cash Flow | 175.45M | 68.89M | 71.31M | 103.15M | 109.44M | 123.99M |
| Free Cash Flow Per Share | 3.30 | 1.30 | 1.34 | 1.94 | 2.06 | 2.33 |
| Dividend Per Share | 1.20 | 1.20 | 1.20 | 1.20 | 1.50 | 1.80 |
| Operating Margin | 27.99% | 26.27% | 27.74% | 31.14% | 32.04% | 44.45% |
| Profit Margin | 21.42% | 19.68% | 20.42% | 22.80% | 24.89% | 37.10% |
| Free Cash Flow Margin | 29.69% | 12.47% | 13.74% | 21.06% | 23.73% | 27.57% |
| EBITDA | 182.38M | 160.86M | 160.39M | 168.83M | 164.94M | 218.58M |
| EBITDA Margin | 30.87% | 29.13% | 30.90% | 34.47% | 35.76% | 48.61% |
| D&A For EBITDA | 17.01M | 15.80M | 16.41M | 16.29M | 17.14M | 18.70M |
| EBIT | 165.37M | 145.06M | 143.98M | 152.54M | 147.80M | 199.88M |
| EBIT Margin | 27.99% | 26.27% | 27.74% | 31.14% | 32.04% | 44.45% |
| Effective Tax Rate | 23.24% | 24.83% | 26.24% | 26.47% | 21.87% | 16.48% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 115.74M | 115.74M | 99.93M | 55.18M | 55.18M | 27.45M |
| Investments in Equity & Preferred Securities | 48.75M | 42.27M | 55.88M | 86.45M | 94.72M | 101.69M |
| Other Investments | 100.00M | 100.00M | 100.00M | 100.00M | 100.00M | 100.00M |
| Total Investments | 1.54B | 1.53B | 1.53B | 1.52B | 1.54B | 1.52B |
| Cash & Equivalents | 776.90M | 697.26M | 740.72M | 794.19M | 747.59M | 749.26M |
| Reinsurance Recoverable | 333.45M | 325.92M | 306.07M | 290.14M | 284.14M | 244.51M |
| Other Receivables | 37.74M | 80.89M | 79.58M | 80.77M | 61.86M | 63.13M |
| Property, Plant & Equipment | 681.06M | 653.16M | 647.39M | 652.43M | 651.21M | 643.39M |
| Other Current Assets | 196.57M | 547.86M | 486.46M | 449.10M | 393.31M | 394.46M |
| Other Long-Term Assets | 1.00 | 2.45M | ||||
| Total Assets | 3.56B | 3.84B | 3.79B | 3.79B | 3.67B | 3.62B |
| Accrued Expenses | 14.52M | 4.59M | 5.02M | 4.91M | 1.24M | 1.85M |
| Insurance & Annuity Liabilities | 166.26M | 170.08M | 160.88M | 153.07M | 147.55M | 139.67M |
| Unpaid Claims | 94.27M | 82.72M | 65.90M | 51.30M | 34.03M | 33.07M |
| Unearned Premiums | 51.11M | 46.46M | 40.03M | 45.64M | 37.97M | 57.88M |
| Reinsurance Payable | 131.18M | 107.98M | 126.35M | 141.37M | 140.12M | 138.61M |
| Short-Term Debt | 32.29M | 53.21M | 39.57M | 26.32M | ||
| Current Income Taxes Payable | 167.55M | 511.44M | 478.42M | 443.65M | 406.30M | 374.41M |
| Long-Term Debt | 99.25M | 99.25M | 99.25M | 99.25M | 99.25M | |
| Long-Term Leases | 845.99K | 1.48M | 2.47M | 2.38M | 3.24M | |
| Long-Term Deferred Tax Liabilities | 88.90M | 88.45M | 91.35M | 91.81M | 89.59M | 89.20M |
| Other Current Liabilities | 9.14M | 8.14M | 5.30M | 9.54M | 7.36M | 3.55M |
| Other Long-Term Liabilities | 3.36M | 3.73M | 5.29M | 5.17M | 6.14M | |
| Total Liabilities | 827.46M | 1.14B | 1.13B | 1.13B | 1.05B | 993.18M |
| Common Stock | 531.45M | 531.45M | 531.45M | 531.45M | 531.45M | 531.45M |
| Additional Paid-In Capital | 56.17M | 56.17M | 56.17M | 56.17M | 56.17M | 56.17M |
| Retained Earnings | 678.48M | 645.90M | 608.29M | 579.43M | 559.49M | 545.14M |
| Comprehensive Income & Other | 1.47B | 1.46B | 1.47B | 1.49B | 1.48B | 1.49B |
| Shareholders' Equity | 2.73B | 2.69B | 2.67B | 2.66B | 2.63B | 2.62B |
| Total Liabilities & Equity | 3.56B | 3.84B | 3.79B | 3.79B | 3.67B | 3.62B |
| Filing Date Shares Outstanding | 53.14M | 53.14M | 53.14M | 53.14M | 53.14M | 53.14M |
| Total Common Shares Outstanding | 53.14M | 53.14M | 53.14M | 53.14M | 53.14M | 53.14M |
| Total Debt | 100.91M | 100.09M | 133.01M | 154.92M | 141.20M | 128.80M |
| Net Cash (Debt) | 675.99M | 597.17M | 607.71M | 639.27M | 606.39M | 620.46M |
| Net Cash Per Share | 12.72 | 11.24 | 11.44 | 12.03 | 11.41 | 11.67 |
| Book Value Per Share | 51.43 | 50.69 | 50.17 | 49.96 | 49.45 | 49.35 |
| Tangible Book Value | 2.73B | 2.69B | 2.67B | 2.66B | 2.63B | 2.62B |
| Tangible Book Value Per Share | 51.43 | 50.69 | 50.17 | 49.96 | 49.45 | 49.35 |
| Land | 511.36M | 511.36M | 511.36M | 511.36M | 510.58M | 504.31M |
| Buildings | 26.21M | 26.21M | 26.21M | 26.21M | 26.21M | 26.21M |
| Machinery | 134.12M | 113.76M | 110.02M | 106.26M | 99.83M | 94.69M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 126.58M | 108.68M | 105.96M | 111.67M | 114.81M | 166.83M |
| Depreciation & Amortization | 29.72M | 16.43M | 18.70M | |||
| Change in Other Net Operating Assets | 8.71M | 8.71M | -9.57M | 7.38M | 35.19M | 23.77M |
| Other Operating Activities | 52.16M | -46.59M | -16.61M | -2.38M | -16.40M | -62.18M |
| Operating Cash Flow | 217.16M | 87.23M | 79.78M | 116.67M | 133.61M | 147.12M |
| Capital Expenditures | -41.71M | -18.34M | -8.47M | -13.52M | -24.16M | -23.13M |
| Sale of Property, Plant & Equipment | 15.50K | 770.39K | ||||
| Investment in Securities | 2.68M | -15.93M | -40.47M | 9.40M | -27.75M | -20.80M |
| Investing Cash Flow | -39.03M | -34.26M | -48.94M | -4.12M | -51.89M | -43.16M |
| Short-Term Debt Issued | 13.63M | 13.26M | 11.76M | |||
| Total Debt Issued | 13.63M | 13.26M | 11.76M | |||
| Total Debt Repaid | -32.29M | -20.92M | ||||
| Net Debt Issued (Repaid) | -32.29M | -20.92M | 13.63M | 13.26M | 11.76M | |
| Common Dividends Paid | -73.66M | -64.14M | -63.38M | -79.59M | -96.64M | -31.69M |
| Financing Cash Flow | -73.66M | -96.43M | -84.30M | -65.96M | -83.38M | -19.93M |
| Net Cash Flow | 104.47M | -43.46M | -53.47M | 46.60M | -1.67M | 84.03M |
| Free Cash Flow | 175.45M | 68.89M | 71.31M | 103.15M | 109.44M | 123.99M |
| Free Cash Flow Margin | 29.69% | 12.47% | 13.74% | 21.06% | 23.73% | 27.57% |
| Free Cash Flow Per Share | 3.30 | 1.30 | 1.34 | 1.94 | 2.06 | 2.33 |
| Levered Free Cash Flow | 68.06M | 46.50M | 54.04M | 70.52M | 48.63M | 90.31M |
| Unlevered Free Cash Flow | 68.06M | 46.50M | 54.04M | 70.52M | 48.63M | 90.31M |
| Cash Income Tax Paid | 45.56M | 44.10M | 39.58M | 29.36M | 31.66M | 38.56M |
| Change in Working Capital | 8.71M | 8.71M | -9.57M | 7.38M | 35.19M | 23.77M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.29B | 2.13B | 2.19B | 1.97B | 1.90B | 2.95B |
| Enterprise Value | 1.61B | 1.55B | 1.56B | 1.19B | 1.12B | 2.21B |
| PE Ratio | 18.05 | 19.56 | 20.66 | 17.61 | 16.52 | 17.68 |
| PS Ratio | 3.87 | 3.85 | 4.22 | 4.01 | 4.11 | 6.56 |
| PB Ratio | 0.84 | 0.79 | 0.82 | 0.74 | 0.72 | 1.12 |
| P/FCF Ratio | 13.02 | 30.86 | 30.70 | 19.06 | 17.34 | 23.79 |
| P/OCF Ratio | 10.52 | 24.37 | 27.45 | 16.85 | 14.20 | 20.05 |
| EV/Sales Ratio | 2.72 | 2.81 | 3.00 | 2.44 | 2.44 | 4.91 |
| EV/EBITDA Ratio | 8.79 | 9.66 | 9.72 | 7.07 | 6.82 | 10.10 |
| EV/EBIT Ratio | 9.73 | 10.71 | 10.83 | 7.83 | 7.61 | 11.05 |
| EV/FCF Ratio | 9.17 | 22.55 | 21.86 | 11.57 | 10.28 | 17.81 |
| Debt / Equity Ratio | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | 0.05 |
| Debt / EBITDA Ratio | 0.55 | 0.62 | 0.83 | 0.92 | 0.86 | 0.59 |
| Debt / FCF Ratio | 0.57 | 1.45 | 1.86 | 1.50 | 1.29 | 1.04 |
| Net Debt / Equity Ratio | -0.25 | -0.22 | -0.23 | -0.24 | -0.23 | -0.24 |
| Net Debt / EBITDA Ratio | -3.71 | -3.71 | -3.79 | -3.79 | -3.68 | -2.84 |
| Net Debt / FCF Ratio | -3.85 | -8.67 | -8.52 | -6.20 | -5.54 | -5.00 |
| Quick Ratio | 1.06 | 0.96 | 1.03 | 1.11 | 1.16 | 1.24 |
| Current Ratio | 1.83 | 2.17 | 2.14 | 2.15 | 2.23 | 2.28 |
| Asset Turnover | 0.16 | 0.14 | 0.14 | 0.13 | 0.13 | 0.16 |
| Return on Equity (ROE) | 4.68% | 4.06% | 3.98% | 4.23% | 4.37% | 8.64% |
| Return on Assets (ROA) | 2.81% | 2.38% | 2.37% | 2.56% | 2.54% | 4.43% |
| Return on Invested Capital (ROIC) | 4.51% | 3.90% | 3.79% | 4.02% | 4.18% | 8.14% |
| Earnings Yield | 5.54% | 5.11% | 4.84% | 5.68% | 6.05% | 5.66% |
| FCF Yield | 7.68% | 3.24% | 3.26% | 5.25% | 5.77% | 4.20% |
| Dividend Yield | 2.79% | 3.00% | 2.91% | 3.24% | 4.20% | 3.24% |
| Payout Ratio | 58.19% | 59.02% | 59.82% | 71.27% | 84.17% | 19.00% |
| Total Shareholder Return | 2.79% | 3.00% | 2.91% | 3.24% | 4.20% | 3.24% |