DSE : PROGRESLIF
Progressive Life Insurance Company Limited — Financial statements
Life Insurance · Bangladesh
Last price 37.5 BDT (At close: Oct 29, 2026) · Market cap 624.12M
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 403.81M | 403.81M | 492.58M | 486.44M | 421.65M | 604.41M |
| Total Interest & Dividend Income | 140.11M | 140.11M | 160.19M | 194.88M | 218.07M | 236.05M |
| Gain (Loss) on Sale of Investments | 7.05M | 9.34M | ||||
| Other Revenue | 3.45M | 3.45M | 184.86K | 9.78M | 240.74K | 1.81M |
| Total Revenue | 547.38M | 547.38M | 662.78M | 700.45M | 639.95M | 842.27M |
| Policy Benefits | 661.62M | 661.62M | 1.08B | 889.63M | 391.33M | 517.40M |
| Policy Acquisition & Underwriting Costs | 5.73M | 2.13M | ||||
| Depreciation & Amortization | 16.45M | 16.45M | 18.22M | 20.68M | 19.36M | 9.98M |
| Selling, General & Administrative | 269.32M | 269.32M | 300.50M | 276.75M | 240.71M | 287.71M |
| Other Operating Expenses | -4.03K | -250.00 | -2.94K | |||
| Total Operating Expenses | 947.39M | 947.39M | 1.40B | 1.19B | 657.12M | 817.23M |
| Operating Income | -400.01M | -400.01M | -738.96M | -486.60M | -17.17M | 25.05M |
| Interest Expense | -1.72M | |||||
| Other Non Operating Income (Expenses) | 1.00 | |||||
| EBT Excluding Unusual Items | -400.01M | -400.01M | -738.96M | -488.33M | -17.17M | 25.05M |
| Gain (Loss) on Sale of Investments | -2.24M | -2.24M | -2.72M | -786.79K | ||
| Gain (Loss) on Sale of Assets | 13.33K | |||||
| Other Unusual Items | 20.50M | 20.50M | 10.18M | 5.47M | -432.23K | 81.07K |
| Pretax Income | -381.76M | -381.76M | -731.50M | -483.63M | -17.60M | 25.13M |
| Income Tax Expense | 15.00M | 15.00M | 15.00M | 20.00M | 20.92M | 11.50M |
| Net Income | -396.76M | -396.76M | -746.50M | -503.63M | -38.53M | 13.63M |
| Net Income to Common | -396.76M | -396.76M | -746.50M | -503.63M | -38.53M | 13.63M |
| Shares Outstanding (Basic) | 16.64M | 16.64M | 16.64M | 16.64M | 16.64M | 16.64M |
| Shares Outstanding (Diluted) | 16.64M | 16.64M | 16.64M | 16.64M | 16.64M | 16.64M |
| EPS (Basic) | -23.84 | -23.84 | -44.85 | -30.26 | -2.31 | 0.82 |
| EPS (Diluted) | -23.84 | -23.84 | -44.85 | -30.26 | -2.31 | 0.82 |
| Free Cash Flow | -252.47M | -252.47M | -523.86M | -329.73M | -325.88M | -238.61M |
| Free Cash Flow Per Share | -15.17 | -15.17 | -31.48 | -19.81 | -19.58 | -14.34 |
| Operating Margin | -73.08% | -73.08% | -111.49% | -69.47% | -2.68% | 2.97% |
| Profit Margin | -72.48% | -72.48% | -112.63% | -71.90% | -6.02% | 1.62% |
| Free Cash Flow Margin | -46.12% | -46.12% | -79.04% | -47.08% | -50.92% | -28.33% |
| EBITDA | -384.53M | -384.53M | -722.46M | -471.44M | 2.19M | 35.03M |
| EBITDA Margin | -70.25% | -70.25% | -109.00% | -67.31% | 0.34% | 4.16% |
| D&A For EBITDA | 15.49M | 15.49M | 16.50M | 15.16M | 19.36M | 9.98M |
| EBIT | -400.01M | -400.01M | -738.96M | -486.60M | -17.17M | 25.05M |
| EBIT Margin | -73.08% | -73.08% | -111.49% | -69.47% | -2.68% | 2.97% |
| Effective Tax Rate | 45.77% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 1.28B | 1.28B | 1.27B | 1.18B | 1.19B | 1.21B |
| Investments in Equity & Preferred Securities | 79.55M | 79.55M | 79.79M | 85.04M | 56.73M | 45.68M |
| Policy Loans | 23.19M | 23.19M | 23.10M | 25.89M | 27.89M | 29.62M |
| Total Investments | 1.87B | 1.87B | 1.87B | 1.80B | 1.78B | 1.80B |
| Cash & Equivalents | 578.08M | 578.08M | 690.71M | 1.13B | 1.23B | 1.21B |
| Reinsurance Recoverable | 551.37K | 551.37K | 551.37K | 329.04K | 329.04K | 329.04K |
| Other Receivables | 131.80M | 131.80M | 118.60M | 82.45M | 79.38M | 206.88M |
| Property, Plant & Equipment | 15.83M | 15.83M | 12.01M | 17.17M | 28.08M | 9.23M |
| Other Intangible Assets | 3.16M | 3.16M | 3.84M | 5.00M | 1.42K | |
| Other Current Assets | 154.30M | 154.30M | 141.06M | 129.47M | 118.57M | 90.85M |
| Other Long-Term Assets | 19.83M | 19.83M | 19.15M | 19.56M | 18.66M | 18.08M |
| Total Assets | 2.78B | 2.78B | 2.86B | 3.18B | 3.25B | 3.34B |
| Accrued Expenses | 4.44M | 4.44M | 14.46M | 9.21M | 7.94M | 15.62M |
| Insurance & Annuity Liabilities | 1.07B | 1.07B | 1.47B | 2.22B | 2.71B | 2.74B |
| Unpaid Claims | 1.34B | 1.34B | 1.02B | 607.81M | 201.18M | 304.19M |
| Unearned Premiums | 322.87K | 322.87K | 15.98M | 4.29M | ||
| Reinsurance Payable | 13.55M | 13.55M | 13.32M | 13.39M | 14.77M | 16.26M |
| Current Income Taxes Payable | 133.07M | 133.07M | 120.00M | 105.00M | 85.00M | 64.07M |
| Long-Term Debt | 170.92K | 170.92K | 193.12K | 276.68K | 1.63M | 2.02M |
| Long-Term Leases | 5.68M | 5.68M | 1.58M | 10.80M | 22.52M | |
| Other Current Liabilities | 8.17M | 8.17M | 6.34M | 3.13M | 19.51M | 25.30M |
| Other Long-Term Liabilities | 32.29M | 32.29M | 11.47M | 9.67M | 8.68M | 8.49M |
| Total Liabilities | 2.61B | 2.61B | 2.69B | 3.01B | 3.10B | 3.20B |
| Common Stock | 109.03M | 109.03M | 109.03M | 166.43M | 109.03M | 109.03M |
| Comprehensive Income & Other | 57.40M | 57.40M | 57.40M | 42.27M | 26.06M | |
| Shareholders' Equity | 166.43M | 166.43M | 166.43M | 166.43M | 151.30M | 135.09M |
| Total Liabilities & Equity | 2.78B | 2.78B | 2.86B | 3.18B | 3.25B | 3.34B |
| Filing Date Shares Outstanding | 16.64M | 16.64M | 16.64M | 16.64M | 16.64M | 16.64M |
| Total Common Shares Outstanding | 16.64M | 16.64M | 16.64M | 16.64M | 16.64M | 16.64M |
| Total Debt | 5.85M | 5.85M | 1.78M | 11.08M | 24.14M | 2.02M |
| Net Cash (Debt) | 572.23M | 572.23M | 688.94M | 1.11B | 1.20B | 1.21B |
| Net Cash Per Share | 34.38 | 34.38 | 41.39 | 66.99 | 72.35 | 72.64 |
| Book Value Per Share | 10.00 | 10.00 | 10.00 | 10.00 | 9.09 | 8.12 |
| Tangible Book Value | 163.27M | 163.27M | 162.59M | 161.43M | 151.30M | 135.09M |
| Tangible Book Value Per Share | 9.81 | 9.81 | 9.77 | 9.70 | 9.09 | 8.12 |
| Buildings | 45.66M | 45.66M | ||||
| Machinery | 181.53M | 181.53M | 186.62M | 184.85M | 193.17M | 192.14M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Net Income | -396.76M | -396.76M | -746.50M | -503.63M | -38.53M | 13.63M |
| Depreciation & Amortization | 15.49M | 15.49M | 16.50M | 15.16M | 19.36M | 9.98M |
| Other Amortization | 960.00K | 960.00K | 1.72M | 1.64M | 1.42K | |
| Other Operating Activities | 142.67M | 142.67M | 211.86M | 168.01M | -272.34M | -261.42M |
| Operating Cash Flow | -237.64M | -237.64M | -516.42M | -318.83M | -291.51M | -237.81M |
| Capital Expenditures | -14.84M | -14.84M | -7.45M | -10.91M | -34.36M | -795.44K |
| Sale of Property, Plant & Equipment | 6.67K | 14.00K | ||||
| Investment in Securities | -6.27M | -6.27M | -91.55M | -6.76M | 23.53M | 116.59M |
| Other Investing Activities | 146.20M | 146.20M | 177.34M | 217.06M | 301.64M | 331.67M |
| Investing Cash Flow | 125.00M | 125.00M | 81.13M | 201.40M | 292.54M | 449.31M |
| Issuance of Common Stock | 15.13M | 16.21M | ||||
| Common Dividends Paid | -6.30M | |||||
| Financing Cash Flow | 15.13M | 16.21M | -6.30M | |||
| Miscellaneous Cash Flow Adjustments | 1.00 | |||||
| Net Cash Flow | -112.64M | -112.64M | -435.29M | -102.29M | 17.23M | 205.19M |
| Free Cash Flow | -252.47M | -252.47M | -523.86M | -329.73M | -325.88M | -238.61M |
| Free Cash Flow Margin | -46.12% | -46.12% | -79.04% | -47.08% | -50.92% | -28.33% |
| Free Cash Flow Per Share | -15.17 | -15.17 | -31.48 | -19.81 | -19.58 | -14.34 |
| Levered Free Cash Flow | 38.74M | 38.74M | -54.72M | 101.15M | -23.00M | 53.62M |
| Unlevered Free Cash Flow | 38.74M | 38.74M | -54.72M | 102.23M | -23.00M | 53.62M |
| Cash Income Tax Paid | 12.95M | 12.95M | 13.97M | 18.23M | 26.54M | 16.09M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 624.12M | 1.29B | 1.23B | 1.63B | 1.72B | 1.72B |
| Enterprise Value | 51.89M | 104.51M | 49.58M | 444.03M | 535.56M | 1.02B |
| PE Ratio | 126.09 | |||||
| PS Ratio | 1.14 | 2.35 | 1.86 | 2.32 | 2.68 | 2.04 |
| PB Ratio | 3.75 | 7.73 | 7.40 | 9.77 | 11.35 | 12.72 |
| EV/Sales Ratio | 0.09 | 0.19 | 0.07 | 0.63 | 0.84 | 1.21 |
| EV/EBITDA Ratio | 244.90 | 29.02 | ||||
| EV/EBIT Ratio | 40.59 | |||||
| Debt / Equity Ratio | 0.04 | 0.04 | 0.01 | 0.07 | 0.16 | 0.01 |
| Debt / EBITDA Ratio | 11.04 | 0.06 | ||||
| Net Debt / Equity Ratio | -3.44 | -3.44 | -4.14 | -6.70 | -7.96 | -8.95 |
| Net Debt / EBITDA Ratio | 1.49 | 1.49 | 0.95 | 2.37 | -550.62 | -34.52 |
| Net Debt / FCF Ratio | 2.27 | 2.27 | 1.31 | 3.38 | 3.69 | 5.07 |
| Quick Ratio | 0.44 | 0.44 | 0.64 | 1.54 | 3.75 | 2.99 |
| Current Ratio | 0.58 | 0.58 | 0.80 | 1.80 | 4.34 | 3.55 |
| Asset Turnover | 0.19 | 0.19 | 0.22 | 0.22 | 0.19 | 0.25 |
| Return on Equity (ROE) | -238.39% | -238.39% | -448.54% | -317.02% | -26.91% | 10.33% |
| Return on Assets (ROA) | -8.87% | -8.87% | -15.31% | -9.46% | -0.33% | 0.47% |
| Return on Invested Capital (ROIC) | -234.97% | -234.97% | -427.49% | -275.73% | -10.99% | 10.20% |
| Earnings Yield | -63.57% | -30.84% | -60.61% | -30.97% | -2.24% | 0.79% |
| FCF Yield | -40.45% | -19.62% | -42.54% | -20.28% | -18.97% | -13.89% |
| Payout Ratio | 46.24% | |||||
| Buyback Yield / Dilution | 0.00% | 0.00% |