Company · DSE:EIL · Insurance · Analysis · 03 Nov 2026
Express Insurance: 2025 EPS Tk 1.18, combined ratio 84.4%, marine loss of Tk 19.6m
A Dhaka non-life insurer with Tk 1,298.3m of equity at 31-Dec-2025. 2025 net premium was Tk 357.6m, the profit transferred from the revenue accounts Tk 50.7m and EPS Tk 1.18; fixed deposits of Tk 1,144.1m made up 48.3% of total assets.
Updated 3-Nov-2026 (Q3): replaced the Q3 2026 figures from the DSE post with the Q3 2026 statements, added the Q3 and nine-month revenue account and profit lines (net premium, claims, agency commission, share gains, tax), the September balance sheet and cash flow, and added nine-month…
Company · DSE:PRIMEINSUR · Insurance · Analysis · 03 Nov 2026
Prime Islami Insurance: 2025 EPS Tk 1.98, combined ratio 76.6%, gross premium Tk 1.16bn and negative operating cash flow
A Dhaka non-life insurer, renamed from Prime Insurance in January 2026, with Tk 930.4m of equity at 31-Dec-2025. 2025 gross premium was Tk 1,160.8m, net premium Tk 609.3m and EPS Tk 1.98; the unmodified audit opinion carries emphasis paragraphs on IFRS 17 and the WPPF.
Updated 3-Nov-2026: added the business model and industry forces, gross premium by class for 2024 and 2025, IDRA market share (2.54% of 2024 non-life premium, sixth of 46 including SBC), our S.R.O. 280/2018 management-expense limit next to IDRA's industry actual-versus-allowed figures, the 2021 commission suspension,…
Company · DSE:AGRANINS · Insurance · Analysis · 02 Nov 2026
Agrani Insurance: qualified 2025 opinion, company EPS Tk 0.42, combined ratio 108.9%
A Dhaka non-life insurer with company equity of Tk 672.9m at 31-Dec-2025. 2025 net premium was Tk 170.5m, underwriting profit Tk 21.2m and company EPS Tk 0.42; the auditor qualified the opinion on sponsor and director holdings of 27.75% (60% required), paid-up capital below BDT 40 crore and the fixed asset register.
What it is. Agrani Insurance PLC (DSE: AGRANINS) was incorporated on March 14, 2000, registered with the chief controller of insurance and commenced business on April 03, 2000, and listed on the Dhaka Stock Exchange on March 05, 2005 per its corporate information page; it…
Company · DSE:DHAKAINS · Insurance · Analysis · 02 Nov 2026
Dhaka Insurance: qualified opinion for a fourth year, 2025 EPS Tk 1.72, combined ratio 72.8%
A Dhaka non-life insurer with Tk 1,472.5m of equity at 31-Dec-2025. 2025 net premium was Tk 212.6m, underwriting profit Tk 55.2m and EPS Tk 1.72 after a Tk 15.4m provision on doubtful fixed deposits; the auditor qualified the opinion on management expenses above the limit and the gratuity provision.
What it is. Dhaka Insurance Limited (DSE: DHAKAINS) was incorporated on 4th January 2000, registered to carry on general insurance business on 2nd February 2000, and listed on the Dhaka Stock Exchange on 15 February 2010 per its company profile. Paid-up capital was Tk 401,250,000…
Company · DSE:STANDARINS · Insurance · Analysis · 02 Nov 2026
Standard Insurance: 2025 EPS Tk 2.42, combined ratio 88.0%, management expenses Tk 18.9m over the legal limit
A Dhaka non-life insurer with Tk 959.2m of equity at 31-Dec-2025. 2025 net premium was Tk 248.9m, underwriting profit Tk 67.3m and EPS Tk 2.42; the auditor's emphasis paragraph records management expenses Tk 18.9m above the section 63 limit, and the fire class transferred a Tk 47.6m loss.
What it is. Standard Insurance PLC (DSE: STANDARINS) was incorporated on 3 November 1999, writes non-life insurance, and has been listed on the Dhaka and Chittagong stock exchanges since 25 November 2008 per its corporate-information page. DSE approved the change of name from 'Standard Insurance…
Company · DSE:PURABIGEN · Insurance · Analysis · 02 Nov 2026
Purabi General Insurance: 2025 EPS Tk 1.21, combined ratio 94.4%, outstanding claims Tk 265.7m and four audit emphasis items
A Dhaka non-life insurer with Tk 854.8m of equity at 31-Dec-2025. 2025 net premium was Tk 114.3m, underwriting profit Tk 16.0m and EPS Tk 1.21; the unmodified audit opinion carries four emphasis items on WPPF, related-entity investments, FDR placement and staff funds.
What it is. Purabi General Insurance Company Limited (DSE: PURABIGEN) was incorporated on 29 June 1988, writes non-life insurance, and has been listed on the Dhaka Stock Exchange since 4 August 1995 per its corporate history page. Its paid-up capital was Tk 598,125,067 at 31-Dec-2025,…
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: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…