DSE : EASTERNINS
Eastern Insurance PLC. — Financial statements
Insurance Carriers · Bangladesh
Last price 55.7 BDT (At close: Oct 28, 2026) · Market cap 2.40B
Latest research: Eastern Insurance financial analysis: qualified 2025 audit with 10 basis paragraphs (Oct 2026) · Eastern Insurance: qualified 2025 audit, Tk 1.2bn of FDRs and investment and other income at 95.6% of pre-tax profit
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 204.61M | 203.72M | 131.13M | 143.44M | 265.46M | 327.00M |
| Total Interest & Dividend Income | 143.08M | 156.24M | 169.77M | 102.62M | 106.99M | 88.60M |
| Gain (Loss) on Sale of Investments | 816.71K | 816.71K | 382.52K | 3.00M | 12.24M | 74.12M |
| Other Revenue | 20.78M | 25.31M | 20.17M | 23.42M | 57.11M | 62.52M |
| Total Revenue | 369.29M | 386.09M | 321.45M | 272.47M | 441.81M | 552.23M |
| Policy Benefits | -12.21M | -4.07M | 28.24M | 30.39M | 41.46M | 65.85M |
| Policy Acquisition & Underwriting Costs | 31.96M | 52.19M | 39.82M | 39.81M | 38.22M | 38.72M |
| Depreciation & Amortization | 18.17M | 18.17M | 16.85M | 16.71M | 14.04M | 14.53M |
| Selling, General & Administrative | 154.89M | 154.89M | 123.47M | 148.19M | 159.39M | 188.57M |
| Total Operating Expenses | 192.82M | 221.18M | 208.39M | 235.10M | 253.11M | 307.66M |
| Operating Income | 176.47M | 164.91M | 113.06M | 37.37M | 188.70M | 244.57M |
| Interest Expense | -1.95M | -1.95M | -1.80M | -1.68M | -1.28M | -772.81K |
| Other Non Operating Income (Expenses) | -1.09M | -1.09M | -1.04M | -1.31M | -2.39M | -1.36M |
| EBT Excluding Unusual Items | 173.44M | 161.88M | 110.22M | 34.38M | 185.03M | 242.44M |
| Gain (Loss) on Sale of Assets | 514.26K | 514.26K | 64.06K | |||
| Pretax Income | 173.95M | 162.39M | 110.29M | 34.38M | 185.03M | 242.44M |
| Income Tax Expense | 44.39M | 37.95M | 36.47M | 24.82M | 50.27M | 46.63M |
| Net Income | 129.56M | 124.44M | 73.81M | 9.56M | 134.77M | 195.81M |
| Net Income to Common | 129.56M | 124.44M | 73.81M | 9.56M | 134.77M | 195.81M |
| Shares Outstanding (Basic) | 43.09M | 43.11M | 43.11M | 43.11M | 43.11M | 43.11M |
| Shares Outstanding (Diluted) | 43.09M | 43.11M | 43.11M | 43.11M | 43.11M | 43.11M |
| EPS (Basic) | 3.01 | 2.89 | 1.71 | 0.22 | 3.13 | 4.54 |
| EPS (Diluted) | 3.01 | 2.89 | 1.71 | 0.22 | 3.13 | 4.54 |
| Free Cash Flow | 135.87M | 74.71M | 51.63M | -6.23M | 133.37M | 253.88M |
| Free Cash Flow Per Share | 3.15 | 1.73 | 1.20 | -0.14 | 3.09 | 5.89 |
| Dividend Per Share | 1.50 | 2.00 | 2.20 | 2.20 | ||
| Operating Margin | 47.79% | 42.71% | 35.17% | 13.72% | 42.71% | 44.29% |
| Profit Margin | 35.08% | 32.23% | 22.96% | 3.51% | 30.50% | 35.46% |
| Free Cash Flow Margin | 36.79% | 19.35% | 16.06% | -2.29% | 30.19% | 45.98% |
| EBITDA | 179.15M | 167.77M | 129.91M | 54.08M | 202.74M | 249.73M |
| EBITDA Margin | 48.51% | 43.45% | 40.41% | 19.85% | 45.89% | 45.22% |
| D&A For EBITDA | 2.68M | 2.86M | 16.85M | 16.71M | 14.04M | 5.17M |
| EBIT | 176.47M | 164.91M | 113.06M | 37.37M | 188.70M | 244.57M |
| EBIT Margin | 47.79% | 42.71% | 35.17% | 13.72% | 42.71% | 44.29% |
| Effective Tax Rate | 25.52% | 23.37% | 33.07% | 72.19% | 27.17% | 19.23% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.42B | 1.25B | 1.27B | 1.44B | 1.52B | 1.50B |
| Reinsurance Recoverable | 113.98M | 121.42M | 105.04M | 59.52M | 70.10M | |
| Other Receivables | 70.73M | 59.43M | 197.14M | 151.38M | 74.08M | |
| Property, Plant & Equipment | 266.15M | 267.29M | 260.35M | 260.80M | 260.04M | 263.31M |
| Goodwill | 210.00M | 210.00M | 280.00M | 280.00M | 280.00M | |
| Other Current Assets | 207.30M | 179.28M | 141.59M | 121.39M | 146.55M | |
| Other Long-Term Assets | 534.59M | 618.92M | 459.85M | 471.45M | 456.43M | |
| Total Assets | 2.83B | 2.65B | 2.72B | 2.89B | 2.86B | 2.79B |
| Accrued Expenses | 1.09M | 1.12M | 796.12K | 600.75K | 532.35K | |
| Insurance & Annuity Liabilities | 91.62M | 84.04M | 53.77M | 57.80M | 109.66M | 125.90M |
| Unpaid Claims | 60.09M | 87.46M | 116.94M | 101.25M | 83.41M | |
| Unearned Premiums | 9.59M | 8.51M | 23.67M | 28.21M | 48.41M | |
| Reinsurance Payable | 124.98M | 177.63M | 297.51M | 203.75M | 162.86M | |
| Current Income Taxes Payable | 236.16M | 198.42M | 162.61M | 186.80M | 186.29M | |
| Long-Term Leases | 15.86M | 8.97M | 10.81M | 6.37M | 6.09M | |
| Long-Term Deferred Tax Liabilities | 111.53K | 588.54K | 428.02K | 412.46K | 642.61K | |
| Other Current Liabilities | 563.83M | 2.39M | 6.83M | 10.94M | 9.63M | 8.40M |
| Other Long-Term Liabilities | -1.00 | 36.45M | 39.51M | 39.28M | 43.29M | 50.51M |
| Total Liabilities | 655.45M | 572.03M | 586.84M | 723.52M | 691.55M | 674.15M |
| Common Stock | 431.10M | 431.10M | 431.10M | 431.10M | 431.10M | 431.10M |
| Additional Paid-In Capital | 356.69M | 356.69M | 356.69M | 356.69M | 356.69M | 356.69M |
| Retained Earnings | 992.42M | 895.11M | 946.78M | 913.36M | 920.16M | 861.01M |
| Comprehensive Income & Other | 394.28M | 394.28M | 394.28M | 463.26M | 463.26M | 463.26M |
| Total Common Equity | 2.17B | 2.08B | 2.13B | 2.16B | 2.17B | 2.11B |
| Minority Interest | 200.00 | 200.00 | 200.00 | 200.00 | 200.00 | |
| Shareholders' Equity | 2.17B | 2.08B | 2.13B | 2.16B | 2.17B | 2.11B |
| Total Liabilities & Equity | 2.83B | 2.65B | 2.72B | 2.89B | 2.86B | 2.79B |
| Filing Date Shares Outstanding | 43.11M | 43.11M | 43.11M | 43.11M | 43.11M | 43.11M |
| Total Common Shares Outstanding | 43.11M | 43.11M | 43.11M | 43.11M | 43.11M | 43.11M |
| Total Debt | 15.86M | 8.97M | 10.81M | 6.37M | 6.09M | |
| Net Cash (Debt) | 1.42B | 1.23B | 1.26B | 1.43B | 1.51B | 1.49B |
| Net Cash Per Share | 33.06 | 28.52 | 29.17 | 33.23 | 35.09 | 34.55 |
| Book Value Per Share | 50.44 | 48.18 | 49.38 | 50.21 | 50.36 | 48.99 |
| Tangible Book Value | 2.17B | 1.87B | 1.92B | 1.88B | 1.89B | 1.83B |
| Tangible Book Value Per Share | 50.44 | 43.31 | 44.51 | 43.71 | 43.87 | 42.50 |
| Land | 226.88M | 226.88M | 226.88M | 226.88M | 226.88M | |
| Machinery | 53.71M | 64.36M | 63.85M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 129.56M | 124.44M | 73.81M | 9.56M | 134.77M | 195.81M |
| Depreciation & Amortization | 17.94M | 18.11M | 16.85M | 16.71M | 14.04M | 5.17M |
| Other Amortization | 63.89K | 63.89K | ||||
| Change in Accounts Receivable | 435.25K | 1.08M | -15.16M | -4.54M | -20.20M | 7.17M |
| Change in Insurance Reserves / Liabilities | -19.66M | -27.37M | -29.48M | 15.69M | 17.86M | 12.55M |
| Change in Other Net Operating Assets | -87.56M | -53.39M | -44.05M | -128.59M | -72.95M | -38.71M |
| Other Operating Activities | 120.87M | 37.33M | 66.20M | 102.82M | 70.52M | 75.55M |
| Operating Cash Flow | 161.71M | 100.31M | 68.17M | 12.13M | 144.30M | 256.53M |
| Capital Expenditures | -25.84M | -25.59M | -16.54M | -18.36M | -10.94M | -2.64M |
| Sale of Property, Plant & Equipment | 870.00K | 870.00K | 50.00K | 13.18M | ||
| Investment in Securities | 4.86M | 4.66M | 19.46M | 11.12M | -15.30M | -58.18M |
| Other Investing Activities | -37.29M | -32.12M | -162.44M | |||
| Investing Cash Flow | -57.41M | -52.18M | -159.48M | 5.94M | -26.23M | -60.82M |
| Common Dividends Paid | -69.12M | -69.11M | -90.33M | -93.54M | -94.84M | -78.41M |
| Financing Cash Flow | -69.12M | -69.11M | -90.33M | -93.54M | -94.84M | -78.41M |
| Miscellaneous Cash Flow Adjustments | 1.00 | 4.43M | -1.00 | |||
| Net Cash Flow | 35.19M | -20.98M | -177.21M | -75.47M | 23.23M | 117.30M |
| Free Cash Flow | 135.87M | 74.71M | 51.63M | -6.23M | 133.37M | 253.88M |
| Free Cash Flow Margin | 36.79% | 19.35% | 16.06% | -2.29% | 30.19% | 45.98% |
| Free Cash Flow Per Share | 3.15 | 1.73 | 1.20 | -0.14 | 3.09 | 5.89 |
| Levered Free Cash Flow | 100.39M | 16.88M | 21.01M | -8.60M | 119.02M | 161.60M |
| Unlevered Free Cash Flow | 101.60M | 18.09M | 22.13M | -7.55M | 119.82M | 162.08M |
| Cash Income Tax Paid | 29.31M | 27.10M | 40.32M | 515.52K | -2.38M | 53.29M |
| Change in Working Capital | -106.72M | -79.63M | -88.69M | -116.96M | -75.02M | -20.00M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.43B | 2.13B | 2.13B | 2.93B | 2.12B | 4.96B |
| Enterprise Value | 1.00B | 871.20M | 812.89M | 1.50B | 617.10M | 3.48B |
| PE Ratio | 18.91 | 17.15 | 28.91 | 306.15 | 15.71 | 25.34 |
| PS Ratio | 6.42 | 5.53 | 6.64 | 10.74 | 4.79 | 8.98 |
| PB Ratio | 1.13 | 1.03 | 1.00 | 1.35 | 0.97 | 2.35 |
| P/FCF Ratio | 17.89 | 28.56 | 41.33 | 15.87 | 19.54 | |
| P/OCF Ratio | 15.11 | 21.27 | 31.30 | 241.38 | 14.67 | 19.34 |
| EV/Sales Ratio | 2.65 | 2.26 | 2.53 | 5.52 | 1.40 | 6.30 |
| EV/EBITDA Ratio | 5.24 | 5.19 | 6.26 | 27.82 | 3.04 | 13.92 |
| EV/EBIT Ratio | 5.78 | 5.28 | 7.19 | 40.26 | 3.27 | 14.22 |
| EV/FCF Ratio | 7.39 | 11.66 | 15.74 | 4.63 | 13.70 | |
| Debt / Equity Ratio | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | |
| Debt / EBITDA Ratio | 0.09 | 0.07 | 0.20 | 0.03 | 0.02 | |
| Debt / FCF Ratio | 0.21 | 0.17 | 0.05 | 0.02 | ||
| Net Debt / Equity Ratio | -0.66 | -0.59 | -0.59 | -0.66 | -0.70 | -0.70 |
| Net Debt / EBITDA Ratio | -7.95 | -7.33 | -9.68 | -26.49 | -7.46 | -5.96 |
| Net Debt / FCF Ratio | -10.49 | -16.45 | -24.35 | 229.99 | -11.34 | -5.87 |
| Quick Ratio | 2.53 | 2.87 | 2.64 | 2.62 | 3.09 | 3.17 |
| Current Ratio | 2.53 | 3.77 | 3.39 | 3.08 | 3.49 | 3.65 |
| Asset Turnover | 0.13 | 0.14 | 0.12 | 0.10 | 0.16 | 0.20 |
| Return on Equity (ROE) | 5.97% | 5.92% | 3.44% | 0.44% | 6.29% | 9.69% |
| Return on Assets (ROA) | 3.91% | 3.84% | 2.52% | 0.81% | 4.18% | 5.65% |
| Return on Invested Capital (ROIC) | 6.14% | 5.97% | 3.51% | 0.48% | 6.40% | 9.74% |
| Earnings Yield | 5.29% | 5.83% | 3.46% | 0.33% | 6.37% | 3.95% |
| FCF Yield | 5.59% | 3.50% | 2.42% | -0.21% | 6.30% | 5.12% |
| Dividend Yield | 2.66% | 3.03% | 2.95% | 4.48% | 1.91% | |
| Payout Ratio | 50.44% | 55.54% | 122.38% | 978.30% | 70.38% | 40.04% |
| Total Shareholder Return | 2.85% | 3.03% | 2.95% | 4.48% | 1.91% |