DSE : ISLAMIINS
Islami Insurance Bangladesh Limited — Financial statements
Insurance Carriers · Bangladesh
Last price 70 BDT (At close: Oct 29, 2026) · Market cap 2.88B
Latest research: Islami Insurance Bangladesh financial analysis: 67.7% combined ratio and management expenses above the Section 62 limit (Oct 2026) · Islami Insurance Bangladesh: a Tk 688m-premium takaful insurer with a 67.7% combined ratio and four auditor emphasis paragraphs
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 284.85M | 272.06M | 287.66M | 267.07M | 626.12M | 497.48M |
| Total Interest & Dividend Income | 89.34M | 88.66M | 75.58M | 50.52M | 45.60M | 42.64M |
| Other Revenue | 37.62M | 35.81M | 25.60M | 23.47M | 33.29M | 32.82M |
| Total Revenue | 411.80M | 396.53M | 388.83M | 341.05M | 711.23M | 572.94M |
| Policy Benefits | -169.00M | -173.27M | -161.89M | -201.18M | -252.95M | 16.35M |
| Policy Acquisition & Underwriting Costs | 45.88M | 93.79M | 93.99M | 83.31M | 124.84M | 69.15M |
| Depreciation & Amortization | 28.94M | 28.94M | 26.92M | 31.86M | 27.37M | 26.02M |
| Selling, General & Administrative | 288.58M | 269.81M | 248.58M | 270.22M | 390.11M | 209.37M |
| Other Operating Expenses | -1.72M | |||||
| Total Operating Expenses | 205.90M | 230.27M | 219.50M | 194.21M | 299.68M | 329.46M |
| Operating Income | 205.90M | 166.26M | 169.34M | 146.85M | 411.55M | 243.48M |
| Interest Expense | -6.54M | -6.54M | -516.60K | -662.25K | -752.08K | -958.19K |
| Other Non Operating Income (Expenses) | 1.81M | 1.81M | -814.65K | -874.05K | -254.74M | -79.68M |
| EBT Excluding Unusual Items | 201.18M | 161.53M | 168.01M | 145.31M | 156.06M | 162.84M |
| Gain (Loss) on Sale of Investments | -768.05K | -44.17K | 3.15M | |||
| Gain (Loss) on Sale of Assets | 5.06M | 5.06M | 768.38K | 29.31K | -42.84K | |
| Pretax Income | 206.24M | 166.59M | 168.01M | 145.30M | 156.06M | 165.95M |
| Income Tax Expense | 61.45M | 41.46M | 27.55M | 26.03M | 29.71M | 38.03M |
| Net Income | 144.79M | 125.13M | 140.46M | 119.27M | 126.35M | 127.92M |
| Net Income to Common | 144.79M | 125.13M | 140.46M | 119.27M | 126.35M | 127.92M |
| Shares Outstanding (Basic) | 41.17M | 41.17M | 41.17M | 41.17M | 41.17M | 41.17M |
| Shares Outstanding (Diluted) | 41.17M | 41.17M | 41.17M | 41.17M | 41.17M | 41.17M |
| EPS (Basic) | 3.52 | 3.04 | 3.41 | 2.90 | 3.07 | 3.11 |
| EPS (Diluted) | 3.52 | 3.04 | 3.41 | 2.90 | 3.07 | 3.11 |
| Free Cash Flow | 80.76M | 12.64M | 64.19M | -42.08M | 38.60M | 222.79M |
| Free Cash Flow Per Share | 1.96 | 0.31 | 1.56 | -1.02 | 0.94 | 5.41 |
| Dividend Per Share | 1.60 | 1.60 | 2.00 | 1.50 | 1.25 | 1.25 |
| Operating Margin | 50.00% | 41.93% | 43.55% | 43.06% | 57.87% | 42.50% |
| Profit Margin | 35.16% | 31.56% | 36.12% | 34.97% | 17.76% | 22.33% |
| Free Cash Flow Margin | 19.61% | 3.19% | 16.51% | -12.34% | 5.43% | 38.88% |
| EBITDA | 220.90M | 181.84M | 186.14M | 165.24M | 427.64M | 258.39M |
| EBITDA Margin | 53.64% | 45.86% | 47.87% | 48.45% | 60.13% | 45.10% |
| D&A For EBITDA | 14.99M | 15.58M | 16.80M | 18.39M | 16.09M | 14.91M |
| EBIT | 205.90M | 166.26M | 169.34M | 146.85M | 411.55M | 243.48M |
| EBIT Margin | 50.00% | 41.93% | 43.55% | 43.06% | 57.87% | 42.50% |
| Effective Tax Rate | 29.80% | 24.89% | 16.40% | 17.91% | 19.04% | 22.91% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 474.24M | 466.40M | 477.50M | 374.00M | 184.80M | 83.48M |
| Investments in Equity & Preferred Securities | 26.17M | 25.37M | 31.53M | 22.55M | 21.85M | |
| Other Investments | 29.18M | |||||
| Total Investments | 503.42M | 492.57M | 502.87M | 405.53M | 207.35M | 105.34M |
| Cash & Equivalents | 721.70M | 617.97M | 591.33M | 621.04M | 860.61M | 930.28M |
| Reinsurance Recoverable | 238.82M | 238.82M | 227.27M | 216.33M | 178.85M | 174.50M |
| Other Receivables | 78.37M | 29.70M | 18.07M | 18.55M | 21.45M | 18.21M |
| Property, Plant & Equipment | 252.89M | 285.28M | 302.88M | 298.61M | 305.87M | 295.68M |
| Other Current Assets | 12.32M | 61.14M | 56.15M | 44.24M | 37.69M | 61.42M |
| Other Long-Term Assets | 114.69M | 118.66M | 120.44M | 120.26M | 122.11M | 122.00M |
| Total Assets | 1.92B | 1.84B | 1.82B | 1.72B | 1.73B | 1.71B |
| Accrued Expenses | 26.62M | 23.46M | 19.55M | 16.68M | 19.02M | |
| Insurance & Annuity Liabilities | 212.04M | 231.91M | 192.74M | 178.34M | 253.36M | 295.22M |
| Unpaid Claims | 243.16M | 227.50M | 231.37M | 245.55M | 213.36M | 189.76M |
| Unearned Premiums | 24.59M | 35.86M | 43.40M | 39.34M | 68.58M | 96.61M |
| Reinsurance Payable | 192.77M | 212.68M | 284.92M | 292.35M | 309.47M | 305.24M |
| Current Income Taxes Payable | 107.50M | 80.97M | 57.13M | 49.22M | 45.28M | 48.60M |
| Long-Term Leases | 23.54M | 28.90M | 14.72M | 12.52M | 12.04M | |
| Long-Term Deferred Tax Liabilities | 17.00M | 14.47M | 11.74M | 8.86M | 5.75M | |
| Other Current Liabilities | 41.36M | 10.53M | 3.48M | 4.38M | 6.11M | 3.69M |
| Other Long-Term Liabilities | 1.97M | 2.97M | 2.37M | 3.25M | 3.49M | |
| Total Liabilities | 862.03M | 871.70M | 890.16M | 865.53M | 944.20M | 986.68M |
| Common Stock | 411.65M | 411.65M | 411.65M | 411.65M | 411.65M | 411.65M |
| Retained Earnings | 659.93M | 575.21M | 532.41M | 453.70M | 385.89M | 311.00M |
| Comprehensive Income & Other | -11.40M | -14.41M | -15.20M | -6.33M | -7.81M | -1.90M |
| Shareholders' Equity | 1.06B | 972.45M | 928.86M | 859.02M | 789.73M | 720.75M |
| Total Liabilities & Equity | 1.92B | 1.84B | 1.82B | 1.72B | 1.73B | 1.71B |
| Filing Date Shares Outstanding | 41.17M | 41.17M | 41.17M | 41.17M | 41.17M | 41.17M |
| Total Common Shares Outstanding | 41.17M | 41.17M | 41.17M | 41.17M | 41.17M | 41.17M |
| Total Debt | 22.43M | 23.54M | 28.90M | 14.72M | 12.52M | 12.04M |
| Net Cash (Debt) | 699.26M | 594.44M | 562.43M | 606.33M | 848.09M | 918.24M |
| Net Cash Per Share | 16.99 | 14.44 | 13.66 | 14.73 | 20.60 | 22.31 |
| Book Value Per Share | 25.75 | 23.62 | 22.56 | 20.87 | 19.18 | 17.51 |
| Tangible Book Value | 1.06B | 972.45M | 928.86M | 859.02M | 789.73M | 720.75M |
| Tangible Book Value Per Share | 25.75 | 23.62 | 22.56 | 20.87 | 19.18 | 17.51 |
| Land | 231.07M | 231.07M | 231.07M | 231.07M | 231.07M | |
| Machinery | 127.84M | 133.28M | 131.58M | 124.11M | 107.08M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 144.79M | 125.13M | 140.46M | 119.27M | 126.35M | 127.92M |
| Depreciation & Amortization | 28.35M | 28.94M | 26.92M | 31.86M | 27.37M | 26.02M |
| Gain (Loss) on Sale of Assets | -7.66M | -7.66M | -320.00 | -98.73K | -6.23M | -4.83M |
| Change in Accounts Receivable | 11.36M | -2.06M | -16.95M | -7.31M | 22.01M | -23.80M |
| Change in Income Taxes | -35.60M | -15.61M | -16.00M | -20.36M | -29.93M | -24.16M |
| Change in Other Net Operating Assets | -22.31M | -63.48M | -9.98M | -118.97M | -48.68M | 174.38M |
| Other Operating Activities | -28.94M | -48.93M | -58.63M | -37.96M | -27.17M | -15.71M |
| Operating Cash Flow | 84.66M | 16.33M | 66.06M | -33.47M | 63.86M | 259.61M |
| Capital Expenditures | -3.90M | -3.70M | -1.87M | -8.62M | -25.26M | -36.83M |
| Sale of Property, Plant & Equipment | 5.52M | 5.62M | 768.38K | 85.00K | 1.95M | 1.89M |
| Investment in Securities | 11.55M | 11.09M | -106.98M | -196.74M | -104.39M | -64.40M |
| Other Investing Activities | 79.63M | 79.63M | 76.06M | 50.63M | 45.63M | 44.36M |
| Investing Cash Flow | 92.80M | 92.64M | -34.02M | -154.64M | -82.07M | -54.98M |
| Common Dividends Paid | -82.33M | -82.33M | -61.75M | -51.46M | -51.46M | |
| Financing Cash Flow | -82.33M | -82.33M | -61.75M | -51.46M | -51.46M | |
| Miscellaneous Cash Flow Adjustments | 1.00 | 1.00 | ||||
| Net Cash Flow | 95.13M | 26.64M | -29.71M | -239.56M | -69.67M | 204.63M |
| Free Cash Flow | 80.76M | 12.64M | 64.19M | -42.08M | 38.60M | 222.79M |
| Free Cash Flow Margin | 19.61% | 3.19% | 16.51% | -12.34% | 5.43% | 38.88% |
| Free Cash Flow Per Share | 1.96 | 0.31 | 1.56 | -1.02 | 0.94 | 5.41 |
| Levered Free Cash Flow | 133.72M | 47.31M | 101.56M | 64.38M | 271.57M | 207.18M |
| Unlevered Free Cash Flow | 137.81M | 51.40M | 101.88M | 64.80M | 272.04M | 207.77M |
| Cash Income Tax Paid | 20.61M | 15.61M | 16.00M | 20.36M | 29.93M | 24.16M |
| Change in Working Capital | -51.88M | -81.15M | -42.69M | -146.54M | -56.47M | 126.22M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.88B | 1.55B | 1.69B | 1.89B | 1.61B | 2.68B |
| Enterprise Value | 2.18B | 933.00M | 1.12B | 1.21B | 693.21M | 1.81B |
| PE Ratio | 19.90 | 12.37 | 12.02 | 15.88 | 12.77 | 20.92 |
| PS Ratio | 7.00 | 3.90 | 4.34 | 5.55 | 2.27 | 4.67 |
| PB Ratio | 2.72 | 1.59 | 1.82 | 2.20 | 2.04 | 3.71 |
| P/FCF Ratio | 35.68 | 122.48 | 26.29 | 41.80 | 12.01 | |
| P/OCF Ratio | 34.04 | 94.77 | 25.55 | 25.27 | 10.31 | |
| EV/Sales Ratio | 5.30 | 2.35 | 2.87 | 3.56 | 0.97 | 3.16 |
| EV/EBITDA Ratio | 9.32 | 5.13 | 6.00 | 7.35 | 1.62 | 7.00 |
| EV/EBIT Ratio | 10.60 | 5.61 | 6.59 | 8.27 | 1.68 | 7.43 |
| EV/FCF Ratio | 27.02 | 73.83 | 17.40 | 17.96 | 8.12 | |
| Debt / Equity Ratio | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA Ratio | 0.10 | 0.12 | 0.15 | 0.08 | 0.03 | 0.04 |
| Debt / FCF Ratio | 0.28 | 1.86 | 0.45 | 0.32 | 0.05 | |
| Net Debt / Equity Ratio | -0.66 | -0.61 | -0.61 | -0.71 | -1.07 | -1.27 |
| Net Debt / EBITDA Ratio | -3.17 | -3.27 | -3.02 | -3.67 | -1.98 | -3.55 |
| Net Debt / FCF Ratio | -8.66 | -47.04 | -8.76 | 14.41 | -21.97 | -4.12 |
| Quick Ratio | 1.27 | 1.06 | 0.93 | 0.96 | 1.32 | 1.42 |
| Current Ratio | 1.66 | 1.59 | 1.39 | 1.38 | 1.67 | 1.79 |
| Asset Turnover | 0.22 | 0.22 | 0.22 | 0.20 | 0.41 | 0.37 |
| Return on Equity (ROE) | 14.08% | 13.16% | 15.71% | 14.47% | 16.73% | 19.45% |
| Return on Assets (ROA) | 6.84% | 5.67% | 5.97% | 5.31% | 14.95% | 9.86% |
| Return on Invested Capital (ROIC) | 13.65% | 12.78% | 15.46% | 14.38% | 43.41% | 28.10% |
| Earnings Yield | 5.02% | 8.09% | 8.32% | 6.30% | 7.83% | 4.78% |
| FCF Yield | 2.80% | 0.82% | 3.80% | -2.22% | 2.39% | 8.33% |
| Dividend Yield | 2.29% | 4.25% | 4.88% | 3.26% | 3.19% | 1.92% |
| Payout Ratio | 56.86% | 65.79% | 43.96% | 43.14% | 40.73% | |
| Total Shareholder Return | 2.29% | 4.25% | 4.88% | 3.26% | 3.19% | 1.92% |