DSE : POPULARLIF
Popular Life Insurance Company Limited — Financial statements
Insurance Carriers · Bangladesh
Last price 51.2 BDT (At close: Oct 29, 2026) · Market cap 3.09B
Latest research: Popular Life Insurance financial analysis: life fund down 40% since 2017 as maturities exceed premium (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
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 4.50B | 5.01B | 5.31B | 6.79B | 6.75B | 6.50B |
| Total Interest & Dividend Income | 593.53M | 619.01M | 615.32M | 615.91M | 745.55M | 813.37M |
| Gain (Loss) on Sale of Investments | 214.27M | 80.20M | -10.12M | 16.50M | 135.20M | 296.93M |
| Other Revenue | 15.30M | 15.64M | 17.08M | 8.54M | 26.38M | 15.21M |
| Total Revenue | 5.32B | 5.72B | 5.93B | 7.43B | 7.66B | 7.63B |
| Policy Benefits | 5.15B | 4.53B | 3.87B | 4.74B | 5.77B | 4.43B |
| Policy Acquisition & Underwriting Costs | 519.15M | 723.33M | 798.16M | 919.17M | 1.08B | 964.35M |
| Depreciation & Amortization | 99.83M | 99.83M | 107.61M | 88.89M | 95.51M | 85.45M |
| Selling, General & Administrative | 264.48M | 336.26M | 423.05M | 525.99M | 508.00M | 439.87M |
| Other Operating Expenses | 3.89M | 25.85M | 20.33M | 10.44M | 10.18M | 5.73M |
| Total Operating Expenses | 6.71B | 6.39B | 5.96B | 7.24B | 8.42B | 6.94B |
| Operating Income | -1.39B | -662.73M | -33.66M | 195.24M | -761.35M | 684.09M |
| Interest Expense | -4.74M | -4.74M | -6.31M | -4.70M | -1.93M | -2.85M |
| Other Non Operating Income (Expenses) | -23.55M | -23.55M | -17.75M | -15.77M | -17.68M | -22.31M |
| EBT Excluding Unusual Items | -1.41B | -691.02M | -57.72M | 174.77M | -780.96M | 658.93M |
| Gain (Loss) on Sale of Investments | -163.78M | 61.18M | -39.71M | -220.63M | -146.04M | |
| Gain (Loss) on Sale of Assets | 355.00K | 355.00K | 925.90K | 150.29M | 33.15M | 3.09M |
| Other Unusual Items | -29.07M | |||||
| Pretax Income | -1.58B | -629.49M | -96.50M | 104.43M | -922.92M | 662.02M |
| Income Tax Expense | 197.66M | 208.43M | 112.53M | 201.47M | 82.28M | 86.60M |
| Net Income | -1.78B | -837.91M | -209.03M | -97.04M | -1.01B | 575.42M |
| Net Income to Common | -1.78B | -837.91M | -209.03M | -97.04M | -1.01B | 575.42M |
| Shares Outstanding (Basic) | 60.43M | 60.43M | 60.43M | 60.43M | 60.43M | |
| Shares Outstanding (Diluted) | 60.43M | 60.43M | 60.43M | 60.43M | 60.43M | |
| EPS (Basic) | -13.87 | -3.46 | -1.61 | -16.63 | 9.52 | |
| EPS (Diluted) | -13.87 | -3.46 | -1.61 | -16.63 | 9.52 | |
| Free Cash Flow | -968.12M | -1.12B | -327.11M | -918.83M | -2.40B | -1.13B |
| Free Cash Flow Per Share | -18.48 | -5.41 | -15.21 | -39.74 | -18.64 | |
| Dividend Per Share | 2.00 | 2.00 | 2.00 | 3.70 | 3.80 | 4.00 |
| Operating Margin | -26.05% | -11.58% | -0.57% | 2.63% | -9.94% | 8.97% |
| Profit Margin | -33.37% | -14.64% | -3.52% | -1.31% | -13.12% | 7.54% |
| Free Cash Flow Margin | -18.19% | -19.51% | -5.52% | -12.36% | -31.35% | -14.77% |
| EBITDA | -1.29B | -588.29M | 47.14M | 265.02M | -673.77M | 751.83M |
| EBITDA Margin | -24.29% | -10.28% | 0.80% | 3.56% | -8.80% | 9.86% |
| D&A For EBITDA | 93.63M | 74.43M | 80.80M | 69.79M | 87.58M | 67.75M |
| EBIT | -1.39B | -662.73M | -33.66M | 195.24M | -761.35M | 684.09M |
| EBIT Margin | -26.05% | -11.58% | -0.57% | 2.63% | -9.94% | 8.97% |
| Effective Tax Rate | 192.92% | 13.08% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 4.19B | 4.19B | 3.96B | 3.81B | 3.81B | 3.81B |
| Investments in Equity & Preferred Securities | 3.05B | 1.79B | 2.10B | 2.33B | 2.44B | 2.96B |
| Policy Loans | 2.13M | 2.13M | 2.13M | 2.13M | 2.15M | 2.39M |
| Other Investments | 1.74B | 1.67B | 1.79B | 1.76B | 985.22M | |
| Total Investments | 13.77B | 14.30B | 14.36B | 14.62B | 15.13B | 15.02B |
| Cash & Equivalents | 3.24B | 1.88B | 2.44B | 2.47B | 3.20B | 4.90B |
| Other Receivables | 721.92M | 2.99B | 3.38B | 3.81B | 2.86B | 2.37B |
| Property, Plant & Equipment | 101.22M | 99.65M | 105.69M | 106.70M | 93.19M | 91.75M |
| Other Intangible Assets | 51.51M | 10.83M | 12.39M | 1.75M | 1.75M | 69.99M |
| Other Current Assets | 2.16B | 1.94B | 1.50B | 1.16B | 1.20B | 1.09B |
| Long-Term Deferred Charges | 371.11K | 1.17M | 1.19M | 1.35M | 1.10M | |
| Other Long-Term Assets | 33.81M | 39.98M | 41.43M | 46.83M | 54.37M | 48.60M |
| Total Assets | 20.08B | 21.26B | 21.85B | 22.21B | 22.54B | 23.60B |
| Accounts Payable | 692.10K | 692.70K | 822.13K | 1.36M | 3.63M | |
| Accrued Expenses | 270.39M | 293.36M | 91.67M | 218.87M | 95.28M | |
| Insurance & Annuity Liabilities | 13.82B | 15.20B | 16.03B | 16.58B | 16.85B | 17.95B |
| Unpaid Claims | 40.31M | 32.16M | 1.86M | 1.17M | 1.56M | 2.48M |
| Unearned Premiums | 934.35K | 1.60M | 1.75M | 2.70M | 6.09M | 4.63M |
| Reinsurance Payable | 512.29K | -460.32K | 5.33M | 6.25M | 7.97M | 9.68M |
| Current Income Taxes Payable | 1.57B | 1.39B | 1.16B | 943.03M | 782.87M | 693.16M |
| Long-Term Leases | 25.64M | 44.27M | 43.21M | 36.75M | 18.04M | 25.06M |
| Long-Term Deferred Tax Liabilities | 710.32M | 723.55M | 744.47M | 853.31M | 869.70M | 882.59M |
| Other Current Liabilities | 24.81M | 66.06M | 27.43M | 29.83M | 36.44M | 21.11M |
| Other Long-Term Liabilities | 696.70M | 317.03M | 265.58M | 395.26M | 220.78M | 111.16M |
| Total Liabilities | 16.90B | 18.06B | 18.61B | 18.94B | 19.02B | 19.80B |
| Common Stock | 604.28M | 604.28M | 604.28M | 604.28M | 604.28M | 604.28M |
| Comprehensive Income & Other | 2.56B | 2.57B | 2.60B | 2.63B | 2.89B | 3.18B |
| Total Common Equity | 3.16B | 3.17B | 3.21B | 3.24B | 3.50B | 3.78B |
| Minority Interest | 22.05M | 27.51M | 28.97M | 28.70M | 30.75M | 15.12M |
| Shareholders' Equity | 3.18B | 3.20B | 3.24B | 3.27B | 3.53B | 3.80B |
| Total Liabilities & Equity | 20.08B | 21.26B | 21.85B | 22.21B | 22.54B | 23.60B |
| Filing Date Shares Outstanding | 60.43M | 60.43M | 60.43M | 60.43M | 60.43M | |
| Total Common Shares Outstanding | 60.43M | 60.43M | 60.43M | 60.43M | 60.43M | |
| Total Debt | 25.64M | 44.27M | 43.21M | 36.75M | 18.04M | 25.06M |
| Net Cash (Debt) | 3.22B | 1.83B | 2.39B | 2.43B | 3.18B | 4.88B |
| Net Cash Per Share | 30.32 | 39.62 | 40.29 | 52.69 | 80.68 | |
| Book Value Per Share | 52.45 | 53.10 | 53.60 | 57.84 | 62.62 | |
| Tangible Book Value | 3.11B | 3.16B | 3.20B | 3.24B | 3.49B | 3.71B |
| Tangible Book Value Per Share | 52.28 | 52.90 | 53.57 | 57.81 | 61.46 | |
| Machinery | 598.71M | 595.00M | 588.48M | 564.91M | 542.87M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.01B | -837.91M | -209.03M | -97.04M | -1.01B | 575.42M |
| Depreciation & Amortization | 104.62M | 99.83M | 107.61M | 88.89M | 95.51M | 85.45M |
| Gain (Loss) on Sale of Assets | -1.02M | -355.00K | -925.90K | -150.29M | -33.15M | -3.09M |
| Gain (Loss) on Sale of Investments | 135.00M | |||||
| Change in Accounts Receivable | 1.79B | 447.59M | 738.10M | -426.27M | -1.04B | -719.53M |
| Change in Other Net Operating Assets | -91.92M | 38.68M | -44.14M | 74.80M | 190.74M | -92.89M |
| Other Operating Activities | -749.34M | -859.30M | -900.08M | -519.78M | -591.24M | -921.70M |
| Operating Cash Flow | -958.23M | -1.11B | -303.17M | -895.26M | -2.37B | -1.08B |
| Capital Expenditures | -9.88M | -6.20M | -23.94M | -23.57M | -31.90M | -49.07M |
| Sale of Property, Plant & Equipment | 355.00K | 355.00K | 925.90K | 2.79M | 3.57M | 3.09M |
| Investment in Securities | 26.77M | 67.57M | -156.49M | -364.10M | -53.49M | -353.30M |
| Other Investing Activities | 479.78M | 623.59M | 684.64M | 621.57M | 931.38M | 1.24B |
| Investing Cash Flow | 503.31M | 692.72M | 505.90M | 393.97M | 898.93M | 849.06M |
| Common Dividends Paid | -231.42M | -128.25M | -208.92M | -199.49M | -197.21M | -215.62M |
| Other Financing Activities | -32.44M | -14.75M | -27.70M | -30.11M | -30.23M | -29.32M |
| Financing Cash Flow | -263.86M | -143.00M | -236.62M | -229.60M | -227.44M | -244.94M |
| Net Cash Flow | -718.77M | -560.83M | -33.88M | -730.88M | -1.70B | -473.41M |
| Free Cash Flow | -968.12M | -1.12B | -327.11M | -918.83M | -2.40B | -1.13B |
| Free Cash Flow Margin | -18.19% | -19.51% | -5.52% | -12.36% | -31.35% | -14.77% |
| Free Cash Flow Per Share | -18.48 | -5.41 | -15.21 | -39.74 | -18.64 | |
| Levered Free Cash Flow | -230.27M | -105.63M | 556.01M | -714.25M | -825.33M | 45.90M |
| Unlevered Free Cash Flow | -227.31M | -102.67M | 559.96M | -711.31M | -824.12M | 47.68M |
| Cash Income Tax Paid | 219.17M | 441.08M | 366.72M | 150.19M | 124.52M | 213.11M |
| Change in Working Capital | 1.70B | 487.18M | 699.26M | -352.04M | -853.09M | -813.61M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.09B | 2.51B | 3.08B | 4.02B | 3.93B | 4.75B |
| Enterprise Value | -99.03M | -1.40B | -560.18M | 413.58M | 321.46M | -73.65M |
| PE Ratio | 8.25 | |||||
| PS Ratio | 0.58 | 0.44 | 0.52 | 0.54 | 0.51 | 0.62 |
| PB Ratio | 0.97 | 0.78 | 0.95 | 1.23 | 1.11 | 1.25 |
| EV/Sales Ratio | 0.06 | 0.04 | ||||
| EV/EBITDA Ratio | 1.56 | |||||
| EV/EBIT Ratio | 2.12 | |||||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.58 | 0.13 | 0.03 | |||
| Net Debt / Equity Ratio | -1.01 | -0.57 | -0.74 | -0.74 | -0.90 | -1.28 |
| Net Debt / EBITDA Ratio | 2.49 | 3.12 | -50.79 | -9.19 | 4.73 | -6.48 |
| Net Debt / FCF Ratio | 3.32 | 1.64 | 7.32 | 2.65 | 1.33 | 4.33 |
| Quick Ratio | 2.31 | 2.71 | 3.83 | 5.68 | 5.57 | 8.26 |
| Current Ratio | 3.72 | 3.90 | 4.94 | 6.96 | 6.92 | 10.08 |
| Asset Turnover | 0.25 | 0.27 | 0.27 | 0.33 | 0.33 | 0.32 |
| Return on Equity (ROE) | -55.52% | -26.04% | -6.43% | -2.86% | -27.45% | 14.88% |
| Return on Assets (ROA) | -4.13% | -1.92% | -0.10% | 0.55% | -2.06% | 1.82% |
| Return on Invested Capital (ROIC) | -43.03% | -20.32% | -1.02% | -5.30% | -20.67% | 15.29% |
| Earnings Yield | -57.39% | -33.41% | -6.78% | -2.42% | -25.59% | 12.12% |
| FCF Yield | -31.29% | -44.53% | -10.61% | -22.86% | -61.14% | -23.72% |
| Dividend Yield | 3.91% | 4.82% | 3.92% | 5.56% | 5.85% | 5.09% |
| Payout Ratio | 37.47% | |||||
| Total Shareholder Return | 3.91% | 4.82% | 3.92% | 5.56% | 5.85% | 5.09% |