DSE : DELTALIFE
Delta Life Insurance Company Limited — Financial statements
Life Insurance · Bangladesh
Last price 68.9 BDT (At close: Oct 29, 2026) · Market cap 8.53B
Latest research: Delta Life Insurance financial analysis: flat life fund, negative operating cash flow, EPS doubled to BDT 8.64 (Oct 2026) · Delta Life Insurance: a BDT 40.7bn life fund that went nowhere for five years, eight straight years of negative operating cash flow, and EPS that doubled to BDT 8.64
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 10.87B | 10.09B | 9.30B | 8.99B | 8.35B | 7.50B |
| Total Interest & Dividend Income | 3.78B | 3.59B | 3.33B | 2.94B | 3.04B | 2.97B |
| Gain (Loss) on Sale of Investments | 14.37M | 26.70M | 177.46M | |||
| Other Revenue | 17.67M | 17.67M | 18.93M | 14.60M | 19.83M | 33.08M |
| Total Revenue | 14.66B | 13.70B | 12.67B | 11.94B | 11.44B | 10.69B |
| Policy Benefits | 6.28B | 5.51B | 6.55B | 5.69B | 5.24B | 6.79B |
| Policy Acquisition & Underwriting Costs | 1.74B | 1.65B | 1.46B | 1.47B | 1.35B | 1.17B |
| Depreciation & Amortization | 57.79M | 57.79M | 55.23M | 52.07M | 66.02M | 84.73M |
| Selling, General & Administrative | 433.31M | 412.25M | 355.56M | 362.78M | 337.37M | 363.22M |
| Provision for Bad Debts | 29.52M | |||||
| Other Operating Expenses | -44.48M | -38.54M | -17.35M | -38.27M | -11.94M | 33.44M |
| Reinsurance Income or Expense | -20.87M | -20.87M | -60.30M | -28.12M | -33.89M | -50.80M |
| Total Operating Expenses | 9.21B | 8.32B | 9.15B | 8.24B | 7.65B | 9.02B |
| Operating Income | 5.45B | 5.38B | 3.52B | 3.70B | 3.78B | 1.67B |
| Interest Expense | -2.50M | -2.50M | -3.34M | |||
| Other Non Operating Income (Expenses) | -46.78M | -46.78M | -38.59M | -36.31M | -28.80M | -32.76M |
| EBT Excluding Unusual Items | 5.40B | 5.33B | 3.48B | 3.67B | 3.75B | 1.63B |
| Gain (Loss) on Sale of Assets | 7.05M | 7.05M | 1.82M | 3.36M | 488.58K | 313.20K |
| Pretax Income | 5.41B | 5.33B | 3.48B | 3.67B | 3.75B | 1.63B |
| Income Tax Expense | 174.03M | 175.25M | 196.67M | 46.31M | 127.02M | 184.58M |
| Earnings From Continuing Ops. | 5.23B | 5.16B | 3.29B | 3.62B | 3.63B | 1.45B |
| Minority Interest in Earnings | 1.00 | -8.00 | ||||
| Net Income | 5.23B | 5.16B | 3.29B | 3.62B | 3.63B | 1.45B |
| Net Income to Common | 5.23B | 5.16B | 3.29B | 3.62B | 3.63B | 1.45B |
| Shares Outstanding (Basic) | 123.75M | 123.75M | 123.75M | 123.75M | 123.75M | 123.75M |
| Shares Outstanding (Diluted) | 123.75M | 123.75M | 123.75M | 123.75M | 123.75M | 123.75M |
| EPS (Basic) | 42.30 | 41.69 | 26.56 | 29.27 | 29.32 | 11.72 |
| EPS (Diluted) | 42.30 | 41.69 | 26.56 | 29.27 | 29.32 | 11.72 |
| Free Cash Flow | -1.65B | -2.47B | -1.77B | -2.61B | -2.49B | -4.36B |
| Free Cash Flow Per Share | -13.32 | -19.95 | -14.29 | -21.07 | -20.09 | -35.26 |
| Dividend Per Share | 3.50 | 3.50 | 3.00 | 3.00 | 3.00 | 3.00 |
| Operating Margin | 37.18% | 39.25% | 27.81% | 30.99% | 33.08% | 15.60% |
| Profit Margin | 35.70% | 37.66% | 25.94% | 30.33% | 31.72% | 13.56% |
| Free Cash Flow Margin | -11.24% | -18.02% | -13.95% | -21.83% | -21.74% | -40.83% |
| EBITDA | 5.50B | 5.42B | 3.57B | 3.75B | 3.85B | 1.75B |
| EBITDA Margin | 37.51% | 39.60% | 28.17% | 31.43% | 33.66% | 16.39% |
| D&A For EBITDA | 49.70M | 47.66M | 44.93M | 52.07M | 66.02M | 84.73M |
| EBIT | 5.45B | 5.38B | 3.52B | 3.70B | 3.78B | 1.67B |
| EBIT Margin | 37.18% | 39.25% | 27.81% | 30.99% | 33.08% | 15.60% |
| Effective Tax Rate | 3.22% | 3.28% | 5.64% | 1.26% | 3.38% | 11.29% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 25.08B | 23.63B | 24.00B | 18.56B | 15.34B | 15.65B |
| Investments in Equity & Preferred Securities | 15.02B | 12.62B | 11.92B | 12.90B | 12.76B | 14.39B |
| Policy Loans | 1.22B | 1.13B | 974.80M | 866.77M | 768.94M | 718.04M |
| Other Investments | 164.55M | 158.07M | 211.04M | 215.91M | 211.14M | |
| Total Investments | 43.18B | 39.43B | 38.97B | 34.48B | 31.05B | 32.96B |
| Cash & Equivalents | 2.48B | 3.40B | 2.48B | 7.01B | 9.80B | 9.10B |
| Other Receivables | 1.02B | 1.61B | 1.51B | 1.61B | 2.55B | 2.34B |
| Property, Plant & Equipment | 167.59M | 115.13M | 91.13M | 52.01M | 65.83M | 97.63M |
| Other Intangible Assets | 43.94K | 58.59K | ||||
| Other Current Assets | 5.05B | 4.50B | 4.10B | 3.75B | 3.08B | 2.84B |
| Long-Term Deferred Tax Assets | 4.34M | 4.14M | ||||
| Other Long-Term Assets | 263.23M | 275.95M | 266.54M | 269.04M | 268.30M | 266.59M |
| Total Assets | 52.16B | 49.32B | 47.42B | 47.17B | 46.83B | 47.61B |
| Accounts Payable | 10.25M | 14.46M | 9.72M | 14.60M | 14.01M | |
| Accrued Expenses | 679.11M | 1.29B | 487.68M | 434.15M | 378.06M | |
| Insurance & Annuity Liabilities | 42.99B | 40.73B | 38.80B | 38.59B | 39.32B | 39.55B |
| Unpaid Claims | 382.27M | 1.71B | 1.93B | 1.73B | 1.29B | 511.25M |
| Unearned Premiums | 260.75M | 364.99M | 326.23M | 327.42M | 285.80M | 295.61M |
| Reinsurance Payable | 317.65M | 252.08M | 273.69M | 180.46M | 252.57M | 228.67M |
| Current Income Taxes Payable | 2.25B | 2.08B | 1.94B | 1.90B | 1.87B | |
| Long-Term Debt | 38.99K | 16.22K | ||||
| Long-Term Leases | 29.77M | 27.88M | 29.25M | |||
| Long-Term Deferred Tax Liabilities | 21.56M | 3.34M | 3.39M | |||
| Other Current Liabilities | 188.92M | 121.52M | 267.73M | 14.33M | 15.99M | |
| Other Long-Term Liabilities | 6.83B | 1.62B | 928.82M | 1.82B | 1.70B | 3.25B |
| Total Liabilities | 50.80B | 47.95B | 46.03B | 45.64B | 45.35B | 46.19B |
| Common Stock | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B | 1.24B |
| Retained Earnings | 111.44M | 129.24M | 145.20M | 288.76M | 249.99M | 180.04M |
| Comprehensive Income & Other | 6.40M | 6.40M | 4.58M | 7.00M | ||
| Total Common Equity | 1.36B | 1.37B | 1.39B | 1.53B | 1.49B | 1.42B |
| Minority Interest | 63.00 | 64.00 | 65.00 | 71.00 | 69.00 | 69.00 |
| Shareholders' Equity | 1.36B | 1.37B | 1.39B | 1.53B | 1.49B | 1.42B |
| Total Liabilities & Equity | 52.16B | 49.32B | 47.42B | 47.17B | 46.83B | 47.61B |
| Filing Date Shares Outstanding | 123.75M | 123.75M | 123.75M | 123.75M | 123.75M | 123.75M |
| Total Common Shares Outstanding | 123.75M | 123.75M | 123.75M | 123.75M | 123.75M | 123.75M |
| Total Debt | 29.77M | 27.92M | 29.25M | 16.22K | ||
| Net Cash (Debt) | 2.45B | 3.37B | 2.45B | 7.01B | 9.80B | 9.10B |
| Net Cash Per Share | 19.81 | 27.22 | 19.82 | 56.63 | 79.22 | 73.55 |
| Book Value Per Share | 10.95 | 11.10 | 11.21 | 12.39 | 12.02 | 11.45 |
| Tangible Book Value | 1.36B | 1.37B | 1.39B | 1.53B | 1.49B | 1.42B |
| Tangible Book Value Per Share | 10.95 | 11.10 | 11.21 | 12.39 | 12.02 | 11.45 |
| Machinery | 559.17M | 555.91M | 530.21M | 532.61M | 527.45M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.23B | 5.16B | 3.29B | 3.62B | 3.63B | 1.45B |
| Depreciation & Amortization | 57.77M | 57.77M | 55.23M | 52.07M | 66.02M | 84.73M |
| Other Amortization | 24.71K | 24.71K | ||||
| Other Operating Activities | -6.84B | -7.64B | -5.08B | -6.26B | -6.17B | -5.88B |
| Operating Cash Flow | -1.55B | -2.42B | -1.74B | -2.59B | -2.48B | -4.35B |
| Capital Expenditures | -99.26M | -44.88M | -32.39M | -19.63M | -6.87M | -13.91M |
| Sale of Property, Plant & Equipment | 7.27M | 7.07M | 1.83M | 11.53M | 488.58K | 313.20K |
| Investment in Securities | -1.52B | 350.22M | -5.29B | -3.24B | 397.83M | 322.53M |
| Other Investing Activities | 3.69B | 3.48B | 3.74B | 4.00B | 2.84B | 2.86B |
| Investing Cash Flow | 1.92B | 3.64B | -1.69B | 652.95M | 3.18B | 3.18B |
| Common Dividends Paid | -621.50M | -303.83M | -1.10B | -860.35M | -1.65M | -69.66M |
| Financing Cash Flow | -621.50M | -303.83M | -1.10B | -860.35M | -1.65M | -69.66M |
| Net Cash Flow | -247.20M | 914.27M | -4.53B | -2.79B | 701.42M | -1.24B |
| Free Cash Flow | -1.65B | -2.47B | -1.77B | -2.61B | -2.49B | -4.36B |
| Free Cash Flow Margin | -11.24% | -18.02% | -13.95% | -21.83% | -21.74% | -40.83% |
| Free Cash Flow Per Share | -13.32 | -19.95 | -14.29 | -21.07 | -20.09 | -35.26 |
| Levered Free Cash Flow | 2.64B | 2.31B | 3.05B | 3.39B | 2.83B | 971.62M |
| Unlevered Free Cash Flow | 2.64B | 2.31B | 3.05B | 3.39B | 2.83B | 971.62M |
| Cash Income Tax Paid | 537.13M | 386.90M | 440.16M | 688.50M | 297.34M | 412.17M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.53B | 8.41B | 9.88B | 16.89B | 16.89B | 24.32B |
| Enterprise Value | 6.07B | 5.71B | 7.57B | 7.79B | 5.27B | 12.69B |
| PE Ratio | 1.63 | 1.63 | 3.00 | 4.66 | 4.66 | 16.77 |
| PS Ratio | 0.58 | 0.61 | 0.78 | 1.41 | 1.48 | 2.27 |
| PB Ratio | 6.29 | 6.13 | 7.12 | 11.02 | 11.36 | 17.15 |
| EV/Sales Ratio | 0.41 | 0.42 | 0.60 | 0.65 | 0.46 | 1.19 |
| EV/EBITDA Ratio | 1.10 | 1.05 | 2.12 | 2.08 | 1.37 | 7.25 |
| EV/EBIT Ratio | 1.11 | 1.06 | 2.15 | 2.10 | 1.39 | 7.62 |
| Debt / Equity Ratio | 0.02 | 0.02 | 0.02 | 0.00 | ||
| Debt / EBITDA Ratio | 0.01 | 0.01 | 0.01 | 0.00 | ||
| Net Debt / Equity Ratio | -1.81 | -2.45 | -1.77 | -4.57 | -6.59 | -6.42 |
| Net Debt / EBITDA Ratio | -0.45 | -0.62 | -0.69 | -1.87 | -2.55 | -5.20 |
| Net Debt / FCF Ratio | 1.49 | 1.36 | 1.39 | 2.69 | 3.94 | 2.09 |
| Quick Ratio | 2.77 | 0.72 | 0.50 | 1.51 | 2.42 | 2.86 |
| Current Ratio | 8.90 | 1.73 | 1.33 | 2.49 | 3.68 | 4.29 |
| Asset Turnover | 0.29 | 0.28 | 0.27 | 0.25 | 0.24 | 0.22 |
| Return on Equity (ROE) | 383.82% | 373.77% | 225.12% | 239.84% | 249.77% | 106.69% |
| Return on Assets (ROA) | 6.79% | 6.95% | 4.66% | 4.92% | 5.01% | 2.18% |
| Return on Invested Capital (ROIC) | 382.41% | 369.09% | 225.46% | 241.99% | 251.65% | 108.81% |
| Earnings Yield | 61.39% | 61.30% | 33.29% | 21.45% | 21.48% | 5.96% |
| FCF Yield | -19.33% | -29.34% | -17.90% | -15.43% | -14.72% | -17.94% |
| Dividend Yield | 5.08% | 5.15% | 3.76% | 2.20% | 2.20% | 1.53% |
| Payout Ratio | 11.87% | 5.89% | 33.42% | 23.75% | 0.05% | 4.81% |
| Total Shareholder Return | 5.08% | 5.15% | 3.76% | 2.20% | 2.20% | 1.53% |