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:AGRANINS · Insurance · Analysis · 03 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.
Updated 3-Nov-2026: added net premium, claims, commission, management expenses, re-insurance commission and the unexpired-risk reserve for every year 2017-2025 with a reserve bridge, the half-year 2026 accounts (no commission expense after IDRA circular Non-Life 109/2025) and interim reserve transfers, Q4 derived for 2023-2025, IDRA market…
Company · DSE:DHAKAINS · Insurance · Analysis · 03 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.
Updated 3-Nov-2026: added the business model and industry forces, the revenue account for every year from 2015 with the unexpired-risk reserve release inside underwriting profit, the 2024 premium fall by class, claims paid against outstanding by class, the 2026 half-year and nine-month lines with a…
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:STANDARINS · Insurance · Analysis · 03 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.
Updated 3-Nov-2026: added the business model and industry forces, premium and retention by class 2021-2025, the 50% reserve bridge behind 2024-2025 underwriting profit, claims paid and outstanding by class, the reconciliation of the auditor's management-expense figure, our S.R.O. 280/2018 limit for 2021-2025, related-party premium 2021-2026,…
Company · DSE:PURABIGEN · Insurance · Analysis · 03 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.
Updated 3-Nov-2026: added the business model and industry forces, a history table in one unit with tax lines, the unexpired-risk reserve reproduced from the policy rates by class and its release inside 2025 underwriting profit, retention by class, claims paid against outstanding by class with…
Company · DSE:DGIC · Insurance · Analysis · 03 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.
Updated 3-Nov-2026: added the third-quarter 2026 statements read from the page image and a nine-month profit bridge, derived fourth quarters for 2023-2025, the business model and industry forces, IDRA market share and claim settlement by number and amount, our S.R.O. 280 expense-limit computation, the SBC…
Company · DSE:UNIONINS · Insurance · Analysis · 03 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.
Updated 3-Nov-2026: added the business model and industry forces, the quarter add-up for the Q2 and Q3 2026 statements with the reserve release and tax behind nine-month profit, fourth quarters derived for 2022-2025 (pre-tax losses in three of them), the fire class over 2021-2025, the…
Company · DSE:JANATAINS · Insurance · Analysis · 03 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 at 31-Dec-2025. 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.
Updated 3-Nov-2026: added the Q3 2026 statements (nine months to 30-Sep-2026) and a derived Q4 2025, agency commission, management expenses and re-insurance commission for every year 2016-2025, the business model and industry forces, IDRA market share and claim settlement by number and amount, our S.R.O.…