DSE : EASTLAND
Eastland Insurance PLC. — Financial statements
Insurance Carriers · Bangladesh
Last price 27.2 BDT (At close: Oct 29, 2026) · Market cap 2.28B
Latest research: Eastland Insurance financial analysis: banks confirmed Tk 37.0m of Tk 412.5m FDRs and Tk 4.7m of Tk 50.8m cash at bank (Oct 2026) · Eastland Insurance: 2025 EPS of Tk 1.10, agency commission of Tk 203.1m and nine-month 2026 EPS of Tk 1.11
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 420.16M | 407.24M | 373.83M | 326.08M | 575.58M | 388.94M |
| Total Interest & Dividend Income | 53.26M | 56.77M | 52.03M | 40.16M | 38.38M | 37.57M |
| Gain (Loss) on Sale of Investments | -38.80M | -30.52M | -1.08M | 217.43M | ||
| Other Revenue | 125.59M | 136.02M | 117.35M | 43.72M | 59.03M | 48.63M |
| Total Revenue | 599.01M | 600.03M | 504.41M | 379.44M | 671.91M | 692.57M |
| Policy Benefits | -17.81M | 8.53M | -1.53M | -153.33M | 26.23M | 192.98M |
| Policy Acquisition & Underwriting Costs | 203.09M | 203.09M | 125.50M | 128.01M | 160.43M | 50.88M |
| Depreciation & Amortization | 19.21M | 19.21M | 20.24M | 17.80M | 24.47M | 14.78M |
| Selling, General & Administrative | 233.33M | 234.52M | 240.28M | 245.55M | 270.35M | 198.04M |
| Total Operating Expenses | 455.82M | 483.35M | 391.36M | 262.33M | 518.36M | 505.12M |
| Operating Income | 143.19M | 116.68M | 113.05M | 117.11M | 153.55M | 187.46M |
| Interest Expense | -14.64M | -14.64M | -12.37M | -15.89M | -11.02M | -35.07M |
| Currency Exchange Gain (Loss) | -456.02K | 437.77K | -247.23K | |||
| Other Non Operating Income (Expenses) | -2.30M | -2.30M | -3.25M | -3.98M | -3.23M | -3.07M |
| EBT Excluding Unusual Items | 126.25M | 99.74M | 97.43M | 96.77M | 139.74M | 149.07M |
| Gain (Loss) on Sale of Assets | 793.82K | 793.82K | 10.89K | 3.26M | 346.19K | 330.00K |
| Pretax Income | 127.04M | 100.53M | 97.44M | 100.03M | 140.09M | 149.40M |
| Income Tax Expense | 20.52M | 7.99M | 7.92M | 4.06M | 3.27M | 22.59M |
| Net Income | 106.53M | 92.54M | 89.51M | 95.97M | 136.82M | 126.81M |
| Net Income to Common | 106.53M | 92.54M | 89.51M | 95.97M | 136.82M | 126.81M |
| Shares Outstanding (Basic) | 83.88M | 83.88M | 83.88M | 83.88M | 83.88M | 83.88M |
| Shares Outstanding (Diluted) | 83.88M | 83.88M | 83.88M | 83.88M | 83.88M | 83.88M |
| EPS (Basic) | 1.27 | 1.10 | 1.07 | 1.14 | 1.63 | 1.51 |
| EPS (Diluted) | 1.27 | 1.10 | 1.07 | 1.14 | 1.63 | 1.51 |
| Free Cash Flow | 89.09M | -3.18M | 48.65M | 67.22M | 23.88M | 63.88M |
| Free Cash Flow Per Share | 1.06 | -0.04 | 0.58 | 0.80 | 0.28 | 0.76 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Operating Margin | 23.91% | 19.45% | 22.41% | 30.86% | 22.85% | 27.07% |
| Profit Margin | 17.78% | 15.42% | 17.75% | 25.29% | 20.36% | 18.31% |
| Free Cash Flow Margin | 14.87% | -0.53% | 9.64% | 17.72% | 3.55% | 9.22% |
| EBITDA | 141.10M | 122.03M | 133.29M | 134.91M | 178.03M | 202.24M |
| EBITDA Margin | 23.56% | 20.34% | 26.42% | 35.55% | 26.50% | 29.20% |
| D&A For EBITDA | -2.09M | 5.35M | 20.24M | 17.80M | 24.47M | 14.78M |
| EBIT | 143.19M | 116.68M | 113.05M | 117.11M | 153.55M | 187.46M |
| EBIT Margin | 23.91% | 19.45% | 22.41% | 30.86% | 22.85% | 27.07% |
| Effective Tax Rate | 16.15% | 7.95% | 8.13% | 4.06% | 2.34% | 15.12% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 152.08M | 150.08M | 103.58M | 93.96M | 73.58M | |
| Investments in Equity & Preferred Securities | 175.44M | 180.31M | 272.08M | 337.75M | 371.37M | |
| Total Investments | 327.52M | 330.39M | 375.66M | 431.71M | 444.95M | |
| Cash & Equivalents | 457.19M | 361.94M | 397.36M | 399.89M | 436.57M | 496.28M |
| Reinsurance Recoverable | 889.17M | 958.24M | 598.15M | 762.65M | 727.97M | |
| Other Receivables | 9.94M | 135.09M | 118.49M | 24.72M | 29.35M | |
| Property, Plant & Equipment | 579.06M | 569.28M | 588.54M | 601.72M | 573.07M | |
| Other Intangible Assets | 1.13M | 998.32K | 544.77K | 389.96K | 325.34K | |
| Other Current Assets | 1.45B | 483.83M | 444.55M | 483.76M | 450.80M | 377.61M |
| Other Long-Term Assets | 865.17M | |||||
| Total Assets | 2.78B | 2.65B | 2.84B | 2.57B | 2.71B | 2.65B |
| Accrued Expenses | 6.65M | 4.21M | 9.14M | 9.00M | 10.10M | |
| Insurance & Annuity Liabilities | 164.50M | 153.75M | 189.95M | 230.30M | 157.49M | |
| Unpaid Claims | 25.08M | 20.03M | 20.18M | 37.67M | 176.02M | |
| Unearned Premiums | 38.61M | 42.53M | 51.71M | 125.13M | 151.82M | |
| Reinsurance Payable | 252.47M | 444.28M | 3.24M | 802.93K | 4.23M | |
| Current Portion of Leases | 9.51M | 3.68M | 17.01M | 17.16M | 8.18M | |
| Short-Term Debt | 126.34M | 87.05M | 85.99M | 134.54M | ||
| Current Income Taxes Payable | 144.08M | 245.21M | 291.61M | 286.61M | 281.61M | |
| Long-Term Leases | 14.23M | 18.61M | 35.61M | 10.20M | ||
| Long-Term Deferred Tax Liabilities | 4.96M | 6.96M | 12.20M | 10.06M | 14.88M | |
| Other Current Liabilities | 3.37M | 3.39M | 6.66M | 5.49M | 6.87M | 4.53M |
| Other Long-Term Liabilities | 885.18M | 8.32M | 18.64M | 34.86M | 29.46M | 69.62M |
| Total Liabilities | 888.55M | 842.45M | 1.06B | 747.67M | 931.08M | 897.16M |
| Common Stock | 838.81M | 838.81M | 838.81M | 838.81M | 838.81M | 838.81M |
| Retained Earnings | 994.79M | 936.34M | 893.20M | 853.08M | 840.99M | 788.06M |
| Comprehensive Income & Other | 53.77M | 34.99M | 39.38M | 125.47M | 97.68M | 125.53M |
| Shareholders' Equity | 1.89B | 1.81B | 1.77B | 1.82B | 1.78B | 1.75B |
| Total Liabilities & Equity | 2.78B | 2.65B | 2.84B | 2.57B | 2.71B | 2.65B |
| Filing Date Shares Outstanding | 83.88M | 83.88M | 83.88M | 83.88M | 83.88M | 83.88M |
| Total Common Shares Outstanding | 83.88M | 83.88M | 83.88M | 83.88M | 83.88M | 83.88M |
| Total Debt | 150.07M | 90.73M | 121.61M | 187.32M | 18.38M | |
| Net Cash (Debt) | 457.19M | 211.86M | 306.62M | 278.28M | 249.25M | 477.89M |
| Net Cash Per Share | 5.45 | 2.53 | 3.66 | 3.32 | 2.97 | 5.70 |
| Book Value Per Share | 22.50 | 21.58 | 21.12 | 21.67 | 21.19 | 20.89 |
| Tangible Book Value | 1.89B | 1.81B | 1.77B | 1.82B | 1.78B | 1.75B |
| Tangible Book Value Per Share | 22.50 | 21.57 | 21.11 | 21.66 | 21.19 | 20.89 |
| Land | 531.48M | 531.48M | 531.44M | 531.44M | 531.44M | |
| Machinery | 85.88M | 88.43M | 74.26M | 73.84M | 70.28M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 106.53M | 92.54M | 89.51M | 95.97M | 136.82M | 126.81M |
| Depreciation & Amortization | 18.97M | 18.97M | 20.24M | 17.80M | 24.47M | 14.78M |
| Other Amortization | 236.41K | 236.41K | ||||
| Gain (Loss) on Sale of Investments | 38.80M | 30.97M | 643.15K | |||
| Reinsurance Recoverable | 69.09M | 69.09M | -486.53M | 90.12M | 38.79M | |
| Change in Unearned Revenue | -3.92M | -3.92M | -9.18M | -73.41M | -26.69M | |
| Change in Income Taxes | -101.12M | -101.12M | -46.40M | 5.00M | 5.00M | |
| Change in Deferred Taxes | -2.00M | -2.00M | -8.88M | 2.15M | -4.82M | |
| Change in Other Net Operating Assets | 136.03M | 136.03M | 17.22M | -105.48M | -96.89M | |
| Other Operating Activities | 86.27M | 7.99M | 7.92M | 4.06M | 3.27M | -68.61M |
| Operating Cash Flow | 118.27M | 26.00M | 63.75M | 69.62M | 77.17M | 72.98M |
| Capital Expenditures | -29.18M | -29.18M | -15.10M | -2.40M | -53.29M | -9.10M |
| Sale of Property, Plant & Equipment | 4.10M | 2.77M | 53.29M | 1.73M | 2.42M | 4.18M |
| Investment in Securities | -46.03M | -62.88M | -11.18M | -148.61M | 328.70M | |
| Other Investing Activities | 36.58M | -21.63M | 40.85M | 69.69M | 30.87M | 30.99M |
| Investing Cash Flow | -34.53M | -48.04M | 16.16M | 57.85M | -168.61M | 354.77M |
| Short-Term Debt Issued | 132.89M | 131.69M | 129.50M | 220.00M | ||
| Total Debt Issued | 140.29M | 132.89M | 131.69M | 129.50M | 220.00M | |
| Total Debt Repaid | -124.11M | -93.61M | -165.91M | -78.89M | -16.23M | -550.46M |
| Lease Payments | -35.27M | -19.23M | -16.23M | -15.43M | ||
| Net Debt Issued (Repaid) | 16.18M | 39.29M | -34.22M | -78.89M | 113.28M | -330.46M |
| Common Dividends Paid | -46.81M | -52.67M | -48.23M | -85.26M | -81.54M | -61.70M |
| Financing Cash Flow | -30.63M | -13.39M | -82.44M | -164.15M | 31.73M | -392.16M |
| Miscellaneous Cash Flow Adjustments | -55.74M | 1.00 | ||||
| Net Cash Flow | -2.63M | -35.42M | -2.53M | -36.68M | -59.71M | 35.58M |
| Free Cash Flow | 89.09M | -3.18M | 48.65M | 67.22M | 23.88M | 63.88M |
| Free Cash Flow Margin | 14.87% | -0.53% | 9.64% | 17.72% | 3.55% | 9.22% |
| Free Cash Flow Per Share | 1.06 | -0.04 | 0.58 | 0.80 | 0.28 | 0.76 |
| Levered Free Cash Flow | 940.26M | -83.92M | 112.13M | 31.73M | -205.20M | 369.76M |
| Unlevered Free Cash Flow | 949.41M | -74.77M | 119.87M | 41.66M | -198.32M | 391.68M |
| Free Cash Flow After Leases | 89.09M | -3.18M | 13.37M | 47.99M | 7.65M | 48.45M |
| Cash Income Tax Paid | 133.53M | 140.18M | 92.57M | 136.21M | 163.59M | 195.98M |
| Change in Working Capital | -93.73M | -93.73M | -92.73M | -79.19M | -88.04M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.28B | 1.55B | 1.64B | 2.05B | 2.05B | 3.25B |
| Enterprise Value | 1.82B | 1.15B | 1.24B | 1.67B | 1.61B | 2.78B |
| PE Ratio | 21.42 | 16.77 | 18.27 | 21.33 | 14.96 | 25.60 |
| PS Ratio | 3.81 | 2.59 | 3.24 | 5.39 | 3.05 | 4.69 |
| PB Ratio | 1.21 | 0.86 | 0.92 | 1.13 | 1.15 | 1.85 |
| P/FCF Ratio | 25.61 | 33.62 | 30.45 | 85.71 | 50.82 | |
| P/OCF Ratio | 19.29 | 59.68 | 25.66 | 29.40 | 26.52 | 44.48 |
| EV/Sales Ratio | 3.05 | 1.91 | 2.47 | 4.41 | 2.39 | 4.01 |
| EV/EBITDA Ratio | 11.79 | 9.41 | 9.33 | 12.39 | 9.02 | 13.73 |
| EV/EBIT Ratio | 12.74 | 9.84 | 11.00 | 14.28 | 10.46 | 14.81 |
| EV/FCF Ratio | 20.48 | 25.57 | 24.87 | 67.28 | 43.48 | |
| Debt / Equity Ratio | 0.08 | 0.05 | 0.07 | 0.10 | 0.01 | |
| Debt / EBITDA Ratio | 1.11 | 0.68 | 0.90 | 1.05 | 0.09 | |
| Debt / FCF Ratio | 1.86 | 1.81 | 7.84 | 0.29 | ||
| Net Debt / Equity Ratio | -0.24 | -0.12 | -0.17 | -0.15 | -0.14 | -0.27 |
| Net Debt / EBITDA Ratio | -3.24 | -1.74 | -2.30 | -2.06 | -1.40 | -2.36 |
| Net Debt / FCF Ratio | -5.13 | 66.62 | -6.30 | -4.14 | -10.44 | -7.48 |
| Quick Ratio | 135.68 | 0.60 | 0.61 | 1.05 | 0.73 | 0.81 |
| Current Ratio | 567.06 | 2.88 | 2.27 | 3.30 | 2.71 | 2.56 |
| Asset Turnover | 0.19 | 0.22 | 0.19 | 0.14 | 0.25 | 0.26 |
| Return on Equity (ROE) | 5.76% | 5.17% | 4.99% | 5.34% | 7.75% | 7.27% |
| Return on Assets (ROA) | 2.83% | 2.66% | 2.62% | 2.78% | 3.58% | 4.39% |
| Return on Invested Capital (ROIC) | 6.45% | 5.62% | 5.46% | 5.76% | 8.03% | 8.30% |
| Earnings Yield | 4.67% | 5.96% | 5.47% | 4.69% | 6.69% | 3.91% |
| FCF Yield | 3.90% | -0.21% | 2.97% | 3.28% | 1.17% | 1.97% |
| Dividend Yield | 3.68% | 5.41% | 5.13% | 4.10% | 4.10% | 2.58% |
| Payout Ratio | 43.94% | 56.92% | 53.88% | 88.84% | 59.60% | 48.66% |
| Total Shareholder Return | 3.68% | 5.41% | 5.13% | 4.10% | 4.10% | 2.58% |