Company · DSE:SANDHANINS · Life insurance · Analysis · 29 Oct 2026
Sandhani Life Insurance: the life fund shrank for eight years to 2024 and grew 2.3% in 2025; the 12% dividend took all of the surplus
Gross premium grew 1.1% to BDT 2,468m in 2025 while first-year premium fell for a third year; claims dropped to 73.7% of premium, the yield on the fund was 7.01%, the lowest in ten years, and EPS was BDT 1.20, equal to the cash dividend. The stock trades at 18.5x EPS and 1.23x NAV.
Sandhani Life Insurance Company Ltd. (SLIC) was incorporated on 23-Jan-1990 and sells ordinary life, Islami (Takaful) life, group term and hospitalisation insurance; it also runs micro life schemes under the names IDPS, GIDPS, DPS, GDPS and GSB. Its shares are listed on the Dhaka and…
Company · DSE:POPULARLIF · Life insurance · Analysis · 29 Oct 2026
Popular Life Insurance: a life fund that has shrunk from BDT 22.9bn to BDT 13.8bn as maturities outrun a falling premium book
Gross premium fell to BDT 5.01bn in 2025, back to its 2017 level, while maturity claims of BDT 4.20bn took claims to 90.3% of premium. The life fund fell in 6 of the last 8 years and the Q3 2026 deficit of BDT 1,320.6m took it to BDT 13.82bn. EPS fell to BDT 1.47; the board kept a 20% cash dividend. The auditor qualified the 2025 accounts over cash commission payments and outstanding premium.
Popular Life Insurance PLC (Popular Life) is a Bangladeshi life insurer that sells individual savings policies, many of them Islamic (takaful) and micro-premium plans, through a commissioned field force. It has two subsidiaries, Popular Life Securities Limited and PLI Asset Management Limited. In 2025 it…
Company · DSE:PRAGATILIF · Life insurance · Analysis · 29 Oct 2026
Pragati Life Insurance: premium up 13% a year for a decade, a life fund that finally jumped 18% in 2025, and BDT 296m of doubtful deposits not yet provided for
Gross premium reached BDT 6.67bn in 2025 and the life fund grew BDT 1.21bn, more than in the four previous years combined, as claims fell and group business stopped losing money. The auditor says BDT 505.6m of deposits and related exposures look doubtful against a BDT 210m reserve. The stock trades at 37.4x bonus-adjusted FY2025 EPS with a 1.05% cash yield.
Pragati Life Insurance PLC (Pragati Life) is a mid-sized Bangladeshi life insurer. It offers individual savings policies through an agency force under three lines, the Individual Product Line (IPL), the Pragati Bima Division and Islami Jiban Bima (takaful), and it runs a large group life…
Company · DSE:DELTALIFE · Life insurance · Analysis · 29 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
Gross premium rose 7.9% to BDT 10.2bn in 2025 and the life fund grew for the first time since 2020, after a regulator-appointed administrator ran the company from February 2021 to September 2022. A third of invested assets sit in listed shares. The stock trades at 8.0x FY2025 EPS with a 5.1% cash yield.
Delta Life Insurance Company Ltd. (Delta Life) is the country's first private-sector life insurer, according to The Business Standard, and was set up in 1986. It sells individual endowment-type savings policies through agents in two retail lines, ordinary life (OL) and Gono-Grameen Bima (GN-GRB), a…