DSE : CITYGENINS
City Insurance PLC. — Financial statements
Insurance Carriers · Bangladesh
Last price 130.5 BDT (At close: Oct 29, 2026) · Market cap 8.90B
Latest research: City Insurance financial analysis: interest income at 66% of profit and H1 2026 profit up 66% (Oct 2026) · City Insurance: a marine insurer earning two-thirds of its profit from interest, with commission gone in 2026
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 536.66M | 607.48M | 583.93M | 516.49M | 567.91M | 483.41M |
| Total Interest & Dividend Income | 301.93M | 237.58M | 118.54M | 94.09M | 66.77M | 63.58M |
| Gain (Loss) on Sale of Investments | 666.89K | 666.89K | 23.62M | 4.42M | 13.28M | 14.41M |
| Other Revenue | 68.81M | 73.23M | 84.45M | 58.94M | 66.87M | 55.15M |
| Total Revenue | 908.07M | 918.97M | 810.54M | 673.93M | 714.83M | 616.54M |
| Policy Benefits | 118.29M | 146.57M | 102.59M | 19.54M | 91.08M | 179.64M |
| Policy Acquisition & Underwriting Costs | 64.45M | 140.62M | 154.74M | 121.19M | 161.72M | 55.37M |
| Depreciation & Amortization | 4.80M | 4.80M | 4.98M | 7.89M | 6.61M | 7.19M |
| Selling, General & Administrative | 233.94M | 259.12M | 250.16M | 222.20M | 241.33M | 208.62M |
| Total Operating Expenses | 421.49M | 551.12M | 512.47M | 370.81M | 500.74M | 450.81M |
| Operating Income | 486.57M | 367.85M | 298.08M | 303.12M | 214.09M | 165.73M |
| Interest Expense | -1.22M | |||||
| Other Non Operating Income (Expenses) | -1.23M | -1.23M | -2.50M | -1.69M | -1.39M | -873.98K |
| EBT Excluding Unusual Items | 485.34M | 366.62M | 295.58M | 301.44M | 212.70M | 163.63M |
| Gain (Loss) on Sale of Assets | 659.79K | 659.79K | 531.90K | -10.86K | 911.14K | |
| Asset Writedown | -1.00M | -1.00M | -1.00M | -1.00M | -1.00M | -1.02M |
| Pretax Income | 485.00M | 366.28M | 295.11M | 300.42M | 212.61M | 162.61M |
| Income Tax Expense | 179.93M | 134.51M | 85.43M | 94.79M | 59.03M | 47.89M |
| Net Income | 305.07M | 231.76M | 209.68M | 205.64M | 153.58M | 114.72M |
| Net Income to Common | 305.07M | 231.76M | 209.68M | 205.64M | 153.58M | 114.72M |
| Shares Outstanding (Basic) | 68.27M | 68.17M | 68.17M | 68.17M | 68.17M | 68.17M |
| Shares Outstanding (Diluted) | 68.27M | 68.17M | 68.17M | 68.17M | 68.17M | 68.17M |
| EPS (Basic) | 4.47 | 3.40 | 3.08 | 3.02 | 2.25 | 1.68 |
| EPS (Diluted) | 4.47 | 3.40 | 3.08 | 3.02 | 2.25 | 1.68 |
| Free Cash Flow | 291.90M | 292.78M | 165.02M | 169.02M | 370.87M | 167.32M |
| Free Cash Flow Per Share | 4.28 | 4.29 | 2.42 | 2.48 | 5.44 | 2.46 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.20 | 1.05 | 1.00 |
| Operating Margin | 53.58% | 40.03% | 36.78% | 44.98% | 29.95% | 26.88% |
| Profit Margin | 33.60% | 25.22% | 25.87% | 30.51% | 21.49% | 18.61% |
| Free Cash Flow Margin | 32.15% | 31.86% | 20.36% | 25.08% | 51.88% | 27.14% |
| EBITDA | 491.07M | 372.40M | 302.74M | 310.74M | 220.47M | 172.63M |
| EBITDA Margin | 54.08% | 40.52% | 37.35% | 46.11% | 30.84% | 28.00% |
| D&A For EBITDA | 4.49M | 4.55M | 4.66M | 7.62M | 6.38M | 6.90M |
| EBIT | 486.57M | 367.85M | 298.08M | 303.12M | 214.09M | 165.73M |
| EBIT Margin | 53.58% | 40.03% | 36.78% | 44.98% | 29.95% | 26.88% |
| Effective Tax Rate | 37.10% | 36.73% | 28.95% | 31.55% | 27.76% | 29.45% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Equity & Preferred Securities | 279.94M | 255.51M | 276.15M | 354.57M | 329.64M | 321.37M |
| Total Investments | 509.94M | 255.51M | 276.15M | 354.57M | 329.64M | 321.37M |
| Cash & Equivalents | 1.34B | 1.28B | 1.04B | 936.65M | 856.21M | 652.92M |
| Reinsurance Recoverable | 218.93M | 178.60M | 200.34M | 209.16M | 217.21M | 234.34M |
| Other Receivables | 516.09M | 118.15M | 76.22M | 72.06M | 70.76M | 68.84M |
| Property, Plant & Equipment | 46.67M | 48.61M | 45.06M | 48.50M | 55.11M | 53.62M |
| Other Intangible Assets | 919.31K | 1.02M | 1.28M | 1.60M | 915.55K | 1.14M |
| Other Current Assets | 1.82M | 353.25M | 318.37M | 297.41M | 210.04M | 266.57M |
| Long-Term Deferred Tax Assets | 10.42M | |||||
| Other Long-Term Assets | 216.00M | 216.00M | 216.00M | 200.00M | 86.00M | |
| Total Assets | 2.63B | 2.45B | 2.19B | 2.14B | 1.94B | 1.68B |
| Accrued Expenses | 27.60M | 20.97M | 14.64M | 9.79M | 30.52M | |
| Insurance & Annuity Liabilities | 262.39M | 284.75M | 273.16M | 208.77M | 229.46M | 195.88M |
| Unpaid Claims | 43.02M | 54.57M | 18.72M | 3.28M | 7.22M | 2.74M |
| Unearned Premiums | 270.82M | 240.91M | 213.40M | 174.91M | 147.82M | 21.50M |
| Reinsurance Payable | 32.80M | 53.65M | 82.01M | 130.55M | 128.82M | |
| Current Portion of Leases | 3.56M | |||||
| Current Income Taxes Payable | 198.94M | 140.60M | 95.02M | 175.90M | 92.39M | 65.35M |
| Long-Term Leases | 3.15M | |||||
| Long-Term Deferred Tax Liabilities | 7.10M | 4.41M | 5.82M | 4.81M | ||
| Other Current Liabilities | 58.53M | 77.87M | 70.62M | 79.72M | 52.09M | 41.33M |
| Total Liabilities | 840.79M | 870.22M | 745.53M | 745.04M | 674.14M | 490.01M |
| Common Stock | 681.66M | 681.66M | 681.66M | 681.66M | 681.66M | 681.66M |
| Additional Paid-In Capital | 90.75M | 90.75M | 90.75M | 90.75M | 90.75M | 90.75M |
| Retained Earnings | 1.02B | 811.57M | 669.53M | 618.49M | 493.35M | 422.40M |
| Shareholders' Equity | 1.79B | 1.58B | 1.44B | 1.39B | 1.27B | 1.19B |
| Total Liabilities & Equity | 2.63B | 2.45B | 2.19B | 2.14B | 1.94B | 1.68B |
| Filing Date Shares Outstanding | 68.17M | 68.17M | 68.17M | 68.17M | 67.73M | 68.17M |
| Total Common Shares Outstanding | 68.17M | 68.17M | 68.17M | 68.17M | 67.73M | 68.17M |
| Total Debt | 6.71M | |||||
| Net Cash (Debt) | 1.34B | 1.28B | 1.04B | 936.65M | 856.21M | 652.92M |
| Net Cash Per Share | 19.62 | 18.72 | 15.31 | 13.74 | 12.56 | 9.58 |
| Book Value Per Share | 26.30 | 23.24 | 21.15 | 20.40 | 18.69 | 17.53 |
| Tangible Book Value | 1.79B | 1.58B | 1.44B | 1.39B | 1.26B | 1.19B |
| Tangible Book Value Per Share | 26.29 | 23.22 | 21.13 | 20.38 | 18.67 | 17.51 |
| Machinery | 95.43M | 95.49M | 101.11M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 305.07M | 231.76M | 209.68M | 205.64M | 153.58M | 114.72M |
| Depreciation & Amortization | 8.17M | 8.17M | 4.66M | 7.62M | 6.38M | 6.90M |
| Other Amortization | 255.37K | 255.37K | 319.21K | 264.52K | 228.89K | 286.11K |
| Gain (Loss) on Sale of Assets | -659.79K | -659.79K | -531.90K | 10.86K | -911.14K | |
| Gain (Loss) on Sale of Investments | -666.89K | -666.89K | -23.62M | -4.42M | -13.28M | -14.41M |
| Change in Unearned Revenue | 27.51M | 27.51M | 38.49M | 27.09M | 126.32M | -38.88M |
| Change in Insurance Reserves / Liabilities | 35.86M | 35.86M | 15.43M | -3.94M | 4.48M | -607.25K |
| Change in Other Net Operating Assets | 149.30M | 149.30M | 51.25M | -32.88M | 131.17M | 198.52M |
| Other Operating Activities | -232.12M | -158.50M | -131.69M | -24.47M | -30.68M | -79.14M |
| Operating Cash Flow | 294.83M | 295.14M | 166.39M | 172.46M | 381.13M | 187.30M |
| Capital Expenditures | -2.93M | -2.36M | -1.37M | -3.43M | -10.26M | -19.98M |
| Sale of Property, Plant & Equipment | 1.00M | 1.00M | 580.21K | 36.00K | 1.67M | |
| Investment in Securities | -8.17M | 5.83M | 22.80M | -32.26M | -111.80M | -72.92M |
| Other Investing Activities | 7.65M | 7.98M | 377.24K | 15.21M | 10.72M | 14.66M |
| Investing Cash Flow | -2.44M | 12.45M | 22.39M | -20.44M | -109.67M | -78.24M |
| Common Dividends Paid | -68.17M | -68.17M | -81.80M | -71.57M | -68.17M | |
| Financing Cash Flow | -68.17M | -68.17M | -81.80M | -71.57M | -68.17M | -68.17M |
| Net Cash Flow | 224.22M | 239.42M | 106.98M | 80.44M | 203.29M | 40.89M |
| Free Cash Flow | 291.90M | 292.78M | 165.02M | 169.02M | 370.87M | 167.32M |
| Free Cash Flow Margin | 32.15% | 31.86% | 20.36% | 25.08% | 51.88% | 27.14% |
| Free Cash Flow Per Share | 4.28 | 4.29 | 2.42 | 2.48 | 5.44 | 2.46 |
| Levered Free Cash Flow | 322.07M | 282.88M | 115.53M | -25.58M | 381.21M | 236.68M |
| Unlevered Free Cash Flow | 322.07M | 282.88M | 115.53M | -25.58M | 381.21M | 237.44M |
| Cash Income Tax Paid | 46.01M | 50.34M | 97.63M | 24.34M | 22.52M | 58.22M |
| Change in Working Capital | 213.78M | 213.78M | 106.57M | -13.20M | 264.81M | 157.92M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.90B | 5.95B | 2.96B | 3.38B | 1.77B | 2.92B |
| Enterprise Value | 7.56B | 4.81B | 1.97B | 2.48B | 996.01M | 2.25B |
| PE Ratio | 29.20 | 25.68 | 14.11 | 16.44 | 11.50 | 25.49 |
| PS Ratio | 9.80 | 6.48 | 3.65 | 5.02 | 2.47 | 4.74 |
| PB Ratio | 4.96 | 3.76 | 2.05 | 2.43 | 1.40 | 2.45 |
| P/FCF Ratio | 30.47 | 20.33 | 17.93 | 20.00 | 4.76 | 17.48 |
| P/OCF Ratio | 30.17 | 20.16 | 17.78 | 19.61 | 4.63 | 15.61 |
| EV/Sales Ratio | 8.32 | 5.24 | 2.43 | 3.68 | 1.39 | 3.66 |
| EV/EBITDA Ratio | 15.28 | 12.92 | 6.50 | 7.97 | 4.52 | 13.06 |
| EV/EBIT Ratio | 15.53 | 13.08 | 6.61 | 8.17 | 4.65 | 13.61 |
| EV/FCF Ratio | 25.89 | 16.43 | 11.93 | 14.66 | 2.69 | 13.48 |
| Debt / Equity Ratio | 0.00 | |||||
| Debt / EBITDA Ratio | 0.02 | |||||
| Debt / FCF Ratio | 0.02 | |||||
| Net Debt / Equity Ratio | -0.75 | -0.81 | -0.72 | -0.67 | -0.68 | -0.55 |
| Net Debt / EBITDA Ratio | -2.73 | -3.43 | -3.45 | -3.01 | -3.88 | -3.78 |
| Net Debt / FCF Ratio | -4.59 | -4.36 | -6.32 | -5.54 | -2.31 | -3.90 |
| Quick Ratio | 3.02 | 2.22 | 2.22 | 1.77 | 1.28 | 1.33 |
| Current Ratio | 3.63 | 3.35 | 3.47 | 2.86 | 2.02 | 2.50 |
| Asset Turnover | 0.37 | 0.40 | 0.38 | 0.33 | 0.39 | 0.38 |
| Return on Equity (ROE) | 18.35% | 15.32% | 14.80% | 15.48% | 12.48% | 9.78% |
| Return on Assets (ROA) | 12.45% | 9.91% | 8.62% | 9.30% | 7.38% | 6.30% |
| Return on Invested Capital (ROIC) | 17.67% | 15.35% | 14.95% | 15.62% | 12.57% | 9.97% |
| Earnings Yield | 3.42% | 3.90% | 7.09% | 6.08% | 8.70% | 3.92% |
| FCF Yield | 3.28% | 4.92% | 5.58% | 5.00% | 21.01% | 5.72% |
| Dividend Yield | 0.77% | 1.15% | 2.30% | 2.42% | 4.03% | 2.33% |
| Payout Ratio | 22.34% | 29.41% | 39.01% | 34.81% | 44.38% | |
| Total Shareholder Return | 0.50% | 1.15% | 2.30% | 2.42% | 4.03% | 2.33% |