Company · DSE:DGIC · Insurance · Analysis · 02 Nov 2026
Desh General Insurance: 2025 EPS Tk 0.16, combined ratio 86.2%, four audit emphasis paragraphs and Tk 356.7m due from Sadharan Bima
A Dhaka non-life insurer with Tk 454.1m of equity at 31-Dec-2025. 2025 net premium was Tk 194.1m, underwriting profit Tk 25.8m and EPS Tk 0.16; the auditor's four emphasis paragraphs cover management expenses, the SBC receivable, claims and WPPF.
What it is. Desh General Insurance Company Limited (DSE: DGIC) was incorporated as a public limited company on 8 February 2000 and writes non-life insurance through 19 branches with 233 employees. Its shares were listed on DSE and CSE on 16 March 2021 and first…
Company · DSE:UNIONINS · Insurance · Analysis · 02 Nov 2026
Union Insurance: 2025 EPS Tk 1.90, combined ratio 77.6%, qualified opinion and Tk 968.0m due from Sadharan Bima
A Dhaka non-life insurer with Tk 931.0m of equity at 31-Dec-2025. 2025 net premium was Tk 721.1m, underwriting profit Tk 121.9m and EPS Tk 1.90; the auditor qualified the opinion on claims, balances with other insurers and tax.
What it is. Union Insurance PLC (DSE: UNIONINS) is a non-life insurer incorporated on 24 August 2000 that writes 'All types of Non-Life Insurance Business (Fire, Marine, Motor & Miscellaneous etc.)'. The corporate-information page prints 47 branches, about 570 employees and a 20-member board. Its…
Company · DSE:JANATAINS · Insurance · Analysis · 02 Nov 2026
Janata Insurance: 2025 EPS Tk 1.10, combined ratio 78.5% and Tk 353.0m due from Sadharan Bima
A Dhaka general insurer with Tk 730.8m of equity and Tk 678.9m of cash and bank balances. 2025 net premium rose 7.8% to Tk 445.9m and EPS was Tk 1.10; the auditor's opinion is unmodified with three emphases of matter and three key audit matters.
What it is. Janata Insurance PLC (DSE: JANATAINS) is a general insurer incorporated on 23 September 1986 that offers fire and allied perils, marine cargo and hull, motor and miscellaneous insurance. The notes say it listed on the Dhaka Stock Exchange in 1994 and the…
Company · DSE:UNITEDINS · Insurance · Analysis · 02 Nov 2026
United Insurance: 2025 EPS Tk 3.46, combined ratio 60.1% and a Tk 426.8m United Finance stake
A Dhaka general insurer with Tk 1.38bn of equity, controlled since November 2024 by United Group shareholders. 2025 net premium rose 48.0% to Tk 438.2m and EPS was Tk 3.46; the auditor's opinion is unmodified with four key audit matters.
What it is. United Insurance Company Limited (DSE: UNITEDINS) is a non-life insurer incorporated on 7 May 1985 and listed on the Dhaka Stock Exchange on 9 April 1990. It writes fire, marine cargo, marine hull, motor and miscellaneous business through twelve branches, with no…
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:MEGHNAINS · Insurance · Analysis · 29 Oct 2026
Meghna Insurance: 2025 gross premium up 40.4%, underwriting profit Tk 36.2m, combined ratio 75.2%
A Dhaka general insurer writing 70.4% of its premium in marine cargo. In 2025 gross premium rose to Tk 1,250.1m, underwriting profit fell to Tk 36.2m, interest income was Tk 53.8m and EPS Tk 1.35; nine-month 2026 EPS was Tk 0.93 (2025: Tk 0.98).
Meghna Insurance PLC is a Dhaka-listed general insurer with 40,000,000 shares of Tk 10, listed on DSE on 1 June 2022 after an initial public offering that raised Tk 16.00 crore. In 2025 gross premium rose 40.4% to Tk 1,250.1m and net premium rose 50.2%…
Company · DSE:NORTHRNINS · Insurance · Analysis · 29 Oct 2026
Northern Islami Insurance: 2025 EPS Tk 1.68, combined ratio 101.0% and a qualified audit
A Dhaka general insurer with Tk 959.3m of bank FDRs and Tk 693.9m of outstanding claims. In 2025 gross premium fell 23.4%, interest income was Tk 77.8m, underwriting profit Tk 63.0m and EPS Tk 1.68; nine-month 2026 EPS was Tk 1.32 against Tk 1.36.
Northern Islami Insurance PLC is a Dhaka-listed general insurer with 42,659,611 shares of Tk 10. In 2025 its gross premium fell 23.4% to Tk 690.9m and net premium fell 32.5% to Tk 315.5m. Profit after tax was Tk 71.8m (EPS Tk 1.68) against Tk 77.3m…
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:SONARBAINS · Insurance · Analysis · 29 Oct 2026
Sonar Bangla Insurance: qualified 2025 audit, combined ratio 94.2% and consolidated EPS Tk 0.69
A Dhaka general insurer with fire and marine cargo at 87.5% of 2025 gross premium and two capital-market subsidiaries. 2025 consolidated EPS was Tk 0.69 and nine-month 2026 EPS Tk 1.07 (DSE); the 2025 audit opinion is qualified.
What it is. Sonar Bangla Insurance Limited (DSE: SONARBAINS) is described in its 2025 annual report as 'a Non-Life Insurance Company, incorporated as a Public Ltd. Company in Bangladesh in the year 2000', listed on the Dhaka and Chittagong stock exchanges and carrying 'its insurance…
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…
Company · DSE:CRYSTALINS · Insurance · Analysis · 29 Oct 2026
Crystal Insurance: unmodified 2025 audit, net premium Tk 704.7m and underwriting profit at 76.7% of pre-tax profit
A Dhaka general insurer with fire and marine cargo at 81.2% of 2025 gross premium. 2025 EPS was Tk 3.34 and nine-month 2026 EPS Tk 3.05; Tk 87.2m of FDRs sit with five named banks.
What it is. Crystal Insurance PLC (DSE: CRYSTALINS) 'was incorporated as a public limited company on 11th November, 1999 under the Companies Act, 1994' and 'is engaged in non-life (general) insurance business within the meaning of the Insurance Act, 2010'. Its registered office is at…
Company · DSE:FEDERALINS · Insurance · Analysis · 29 Oct 2026
Federal Insurance: qualified 2025 audit opinion, gross premium down 4.8% and EPS Tk 1.10
A Dhaka general insurer with Tk 926m of equity and no bank borrowings. 2025 gross premium was Tk 615.4m and EPS Tk 1.10; the auditor qualified the 2025 opinion over an agent balance of Tk 117.1m; nine-month 2026 EPS was Tk 1.16 against Tk 0.85 (DSE).
What it is. Federal Insurance PLC (DSE: FEDERALINS) is a Dhaka general insurer incorporated on 11 November 1987 and listed on the Dhaka Stock Exchange from 26 June 1995. It writes fire, marine cargo, marine hull, motor and miscellaneous accident business. Its name changed from…
Company · DSE:ASIAPACINS · Insurance · Analysis · 29 Oct 2026
Asia Pacific General Insurance: 2025 EPS Tk 2.51, gross premium Tk 820.7m and combined ratio 67.2%
A Dhaka non-life insurer. 2025 gross premium Tk 820.7m and EPS Tk 2.51; nine-month 2026 EPS Tk 2.55 (DSE). The 2025 audit opinion is qualified, with six emphasis-of-matter paragraphs.
What it is. Asia Pacific General Insurance PLC (DSE: ASIAPACINS) is a non-life insurer with its head office at Homestead Gulshan Link Tower, Gulshan-Badda Link Road, Dhaka. The company states that it has been 'listed with both the Dhaka and Chittagong Stock Exchanges since January…
Company · DSE:EASTERNINS · Insurance · Analysis · 29 Oct 2026
Eastern Insurance: qualified 2025 audit, Tk 1.2bn of FDRs and investment and other income at 95.6% of pre-tax profit
A Dhaka general insurer that earns most of its profit from deposits. 2025 EPS was Tk 2.87 and nine-month 2026 EPS Tk 2.86; the auditor qualified the 2025 accounts and names Tk 264m of FDRs in five banks.
What it is. Eastern Insurance PLC (DSE: EASTERNINS), formerly Eastern Insurance Company Limited, was incorporated on June 7, 1986 and writes non-life insurance through 30 branches from its registered office at 44 Dilkusha C/A, Dhaka. Its subsidiary, EIC Securities Ltd., is a member of the…