DSE:PRIMEINSUR

Prime Islami Insurance PLC research

Reports on Prime Islami Insurance PLC

Company · 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,…

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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…

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