DSE : REPUBLIC
Republic Insurance PLC — Financial statements
Insurance Carriers · Bangladesh
Last price 35.1 BDT (At close: Oct 28, 2026) · Market cap 1.97B
Latest research: Republic Insurance financial analysis: qualified 2025 audit and combined ratio 79.4% (Oct 2026) · Republic Insurance: qualified 2025 audit, combined ratio 79.4% and Tk 799.7m due from SBC
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 406.74M | 510.41M | 533.38M | 624.80M | 503.23M | 411.49M |
| Total Interest & Dividend Income | 59.64M | 64.01M | 53.96M | 44.08M | 36.28M | 34.12M |
| Gain (Loss) on Sale of Investments | -655.77K | -655.77K | -2.73M | 123.13K | ||
| Other Revenue | 56.35M | 54.00M | 55.47M | 67.88M | 57.97M | 74.22M |
| Total Revenue | 522.07M | 627.77M | 640.08M | 736.88M | 597.48M | 519.84M |
| Policy Benefits | 22.23M | 58.00M | 123.05M | 37.68M | -28.48M | 69.64M |
| Policy Acquisition & Underwriting Costs | 60.11M | 109.55M | 100.07M | 116.75M | 105.06M | 53.00M |
| Depreciation & Amortization | 8.25M | 8.25M | 9.53M | 9.85M | 8.55M | 8.70M |
| Selling, General & Administrative | 266.57M | 302.01M | 312.62M | 339.95M | 296.14M | 257.30M |
| Total Operating Expenses | 369.47M | 489.40M | 554.75M | 514.73M | 392.05M | 399.42M |
| Operating Income | 152.60M | 138.37M | 85.33M | 222.15M | 205.43M | 120.42M |
| Currency Exchange Gain (Loss) | 11.89K | 83.29K | 4.74K | |||
| Other Non Operating Income (Expenses) | -211.41K | -211.41K | -2.43M | -2.37M | -2.93M | -971.52K |
| EBT Excluding Unusual Items | 152.39M | 138.15M | 82.90M | 219.79M | 202.58M | 119.45M |
| Gain (Loss) on Sale of Investments | -102.09K | 3.73M | ||||
| Gain (Loss) on Sale of Assets | 586.36K | 586.36K | 867.67K | 301.53K | 1.64M | |
| Other Unusual Items | -1.60M | -1.60M | -1.60M | -1.60M | ||
| Pretax Income | 151.38M | 137.14M | 82.17M | 218.49M | 204.12M | 123.18M |
| Income Tax Expense | 48.39M | 35.21M | 22.84M | 35.07M | 65.91M | 47.33M |
| Net Income | 102.99M | 101.94M | 59.33M | 183.42M | 138.21M | 75.85M |
| Net Income to Common | 102.99M | 101.94M | 59.33M | 183.42M | 138.21M | 75.85M |
| Shares Outstanding (Basic) | 54.70M | 54.70M | 54.70M | 54.70M | 54.70M | 54.70M |
| Shares Outstanding (Diluted) | 54.70M | 54.70M | 54.70M | 54.70M | 54.70M | 54.70M |
| EPS (Basic) | 1.88 | 1.86 | 1.08 | 3.35 | 2.53 | 1.39 |
| EPS (Diluted) | 1.88 | 1.86 | 1.08 | 3.35 | 2.53 | 1.39 |
| Free Cash Flow | -50.64M | -23.44M | 53.23M | 50.79M | 72.15M | 83.13M |
| Free Cash Flow Per Share | -0.93 | -0.43 | 0.97 | 0.93 | 1.32 | 1.52 |
| Dividend Per Share | 1.02 | 0.57 | 1.05 | 1.00 | 0.91 | |
| Operating Margin | 29.23% | 22.04% | 13.33% | 30.15% | 34.38% | 23.16% |
| Profit Margin | 19.73% | 16.24% | 9.27% | 24.89% | 23.13% | 14.59% |
| Free Cash Flow Margin | -9.70% | -3.73% | 8.32% | 6.89% | 12.08% | 15.99% |
| EBITDA | 159.96M | 146.33M | 94.51M | 231.62M | 213.71M | 128.83M |
| EBITDA Margin | 30.64% | 23.31% | 14.77% | 31.43% | 35.77% | 24.78% |
| D&A For EBITDA | 7.36M | 7.96M | 9.18M | 9.47M | 8.28M | 8.41M |
| EBIT | 152.60M | 138.37M | 85.33M | 222.15M | 205.43M | 120.42M |
| EBIT Margin | 29.23% | 22.04% | 13.33% | 30.15% | 34.38% | 23.16% |
| Effective Tax Rate | 31.96% | 25.67% | 27.79% | 16.05% | 32.29% | 38.42% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Equity & Preferred Securities | 21.18M | 17.86M | 18.40M | 20.21M | 20.09M | 19.14M |
| Other Investments | 429.27M | 441.44M | 542.18M | 508.74M | 526.61M | 487.91M |
| Total Investments | 567.94M | 459.29M | 560.58M | 528.94M | 546.70M | 507.04M |
| Cash & Equivalents | 68.69M | 85.29M | 38.28M | 79.12M | 76.65M | 86.58M |
| Reinsurance Recoverable | 850.69K | 850.69K | ||||
| Other Receivables | 1.32B | 934.26M | 714.24M | 598.97M | 486.88M | 405.85M |
| Property, Plant & Equipment | 78.49M | 63.57M | 71.28M | 79.40M | 75.45M | 63.91M |
| Other Intangible Assets | 1.02M | 1.14M | 1.42M | 1.78M | 1.74M | 1.16M |
| Other Current Assets | 493.07K | 275.36M | 267.39M | 256.74M | 268.69M | 367.35M |
| Long-Term Deferred Tax Assets | 1.38M | 3.59M | 3.13M | 2.51M | 2.22M | 3.79M |
| Other Long-Term Assets | 117.50M | 112.50M | 107.50M | 94.50M | 79.30M | |
| Total Assets | 2.04B | 1.94B | 1.77B | 1.65B | 1.55B | 1.52B |
| Accrued Expenses | 74.04M | 97.69M | 93.01M | 83.62M | 74.89M | 57.64M |
| Insurance & Annuity Liabilities | 161.01M | 217.67M | 218.54M | 268.06M | 205.17M | 169.06M |
| Unpaid Claims | 178.81M | 174.20M | 141.27M | 42.35M | 54.84M | 104.90M |
| Unearned Premiums | 125.54M | 73.85M | 40.90M | 36.00M | 59.53M | 22.70M |
| Reinsurance Payable | 72.15M | 60.55M | 46.95M | 50.75M | 34.60M | 31.55M |
| Current Income Taxes Payable | 221.90M | 197.23M | 187.73M | 188.07M | 205.54M | 261.89M |
| Long-Term Leases | 12.68M | 12.47M | 12.20M | 15.31M | 11.13M | |
| Other Current Liabilities | 60.76M | 11.82M | 5.79M | 4.60M | 3.81M | 4.01M |
| Other Long-Term Liabilities | 33.38M | 7.92M | 7.66M | 7.19M | 5.79M | 8.36M |
| Total Liabilities | 958.88M | 862.33M | 762.68M | 700.51M | 665.05M | 679.69M |
| Common Stock | 547.04M | 547.04M | 520.99M | 520.99M | 520.99M | 496.18M |
| Retained Earnings | 534.24M | 530.64M | 485.14M | 433.46M | 367.63M | 339.97M |
| Shareholders' Equity | 1.08B | 1.08B | 1.01B | 954.45M | 888.63M | 836.15M |
| Total Liabilities & Equity | 2.04B | 1.94B | 1.77B | 1.65B | 1.55B | 1.52B |
| Filing Date Shares Outstanding | 54.70M | 54.70M | 54.70M | 54.70M | 54.70M | 54.70M |
| Total Common Shares Outstanding | 54.70M | 54.70M | 54.70M | 54.70M | 54.70M | 54.70M |
| Total Debt | 31.28M | 12.68M | 12.47M | 12.20M | 15.31M | 11.13M |
| Net Cash (Debt) | 37.41M | 72.61M | 25.81M | 66.92M | 61.34M | 75.45M |
| Net Cash Per Share | 0.68 | 1.33 | 0.47 | 1.22 | 1.12 | 1.38 |
| Book Value Per Share | 19.77 | 19.70 | 18.39 | 17.45 | 16.24 | 15.28 |
| Tangible Book Value | 1.08B | 1.08B | 1.00B | 952.68M | 886.88M | 835.00M |
| Tangible Book Value Per Share | 19.75 | 19.68 | 18.37 | 17.42 | 16.21 | 15.26 |
| Land | 6.26M | 6.24M | 6.24M | 6.24M | 6.24M | |
| Machinery | 96.28M | 99.83M | 101.46M | 94.50M | 83.59M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 102.99M | 101.94M | 59.33M | 183.42M | 138.21M | 75.85M |
| Depreciation & Amortization | 18.34M | 18.34M | 20.15M | 20.46M | 17.61M | 16.66M |
| Other Amortization | 284.00K | 284.00K | 355.01K | 377.00K | 274.55K | 288.77K |
| Gain (Loss) on Sale of Assets | -586.36K | -586.36K | -867.67K | -301.53K | -409.60K | |
| Gain (Loss) on Sale of Investments | 655.77K | 655.77K | 2.73M | -123.13K | 102.09K | -3.73M |
| Change in Unearned Revenue | 32.95M | 32.95M | 4.91M | -23.53M | 36.83M | 3.79M |
| Change in Insurance Reserves / Liabilities | 32.93M | 32.93M | 98.92M | -12.48M | -50.07M | 52.82M |
| Change in Other Net Operating Assets | -202.72M | -202.72M | -161.42M | -24.88M | -32.98M | -105.27M |
| Other Operating Activities | -18.15M | 1.78M | 34.37M | -83.28M | -21.30M | 48.12M |
| Operating Cash Flow | -33.28M | -14.41M | 58.47M | 59.66M | 88.28M | 88.52M |
| Capital Expenditures | -17.36M | -9.03M | -5.24M | -8.87M | -16.13M | -5.39M |
| Sale of Property, Plant & Equipment | 2.51M | 2.51M | 2.50M | 979.00K | ||
| Purchase / Sale of Intangible Assets | -175.00K | -19.50K | ||||
| Investment in Securities | 88.67M | 95.63M | -39.37M | 4.87M | -32.88M | -77.44M |
| Other Investing Activities | -297.00K | 908.00K | 300.00K | |||
| Investing Cash Flow | 73.35M | 90.02M | -42.11M | -3.03M | -49.00M | -82.53M |
| Issuance of Common Stock | 137.03K | |||||
| Common Dividends Paid | -28.09M | -28.60M | -57.20M | -54.16M | -49.21M | -32.03M |
| Financing Cash Flow | -28.09M | -28.60M | -57.20M | -54.16M | -49.21M | -31.90M |
| Foreign Exchange Rate Adjustments | 11.89K | 83.29K | 4.74K | |||
| Net Cash Flow | 11.98M | 47.01M | -40.84M | 2.48M | -9.85M | -25.90M |
| Free Cash Flow | -50.64M | -23.44M | 53.23M | 50.79M | 72.15M | 83.13M |
| Free Cash Flow Margin | -9.70% | -3.73% | 8.32% | 6.89% | 12.08% | 15.99% |
| Free Cash Flow Per Share | -0.93 | -0.43 | 0.97 | 0.93 | 1.32 | 1.52 |
| Levered Free Cash Flow | 134.27M | 68.50M | 19.50M | 41.56M | 59.60M | 34.47M |
| Unlevered Free Cash Flow | 134.27M | 68.50M | 19.50M | 41.56M | 59.60M | 34.47M |
| Cash Income Tax Paid | 20.64M | 31.87M | 34.44M | 51.46M | 45.03M | 41.63M |
| Change in Working Capital | -136.84M | -136.84M | -57.60M | -60.89M | -46.21M | -48.66M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.97B | 1.49B | 1.53B | 2.09B | 1.74B | 2.63B |
| Enterprise Value | 1.93B | 1.45B | 1.53B | 2.07B | 1.68B | 2.56B |
| PE Ratio | 19.12 | 14.60 | 25.82 | 11.42 | 12.59 | 34.67 |
| PS Ratio | 3.77 | 2.37 | 2.39 | 2.84 | 2.91 | 5.06 |
| PB Ratio | 1.82 | 1.38 | 1.52 | 2.19 | 1.96 | 3.15 |
| P/FCF Ratio | 28.78 | 41.23 | 24.12 | 31.63 | ||
| P/OCF Ratio | 26.20 | 35.11 | 19.71 | 29.71 | ||
| EV/Sales Ratio | 3.70 | 2.31 | 2.39 | 2.81 | 2.81 | 4.93 |
| EV/EBITDA Ratio | 11.34 | 9.90 | 16.18 | 8.95 | 7.86 | 19.89 |
| EV/EBIT Ratio | 12.66 | 10.47 | 17.92 | 9.33 | 8.18 | 21.28 |
| EV/FCF Ratio | 28.73 | 40.81 | 23.27 | 30.82 | ||
| Debt / Equity Ratio | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Debt / EBITDA Ratio | 0.18 | 0.08 | 0.12 | 0.05 | 0.07 | 0.08 |
| Debt / FCF Ratio | 0.23 | 0.24 | 0.21 | 0.13 | ||
| Net Debt / Equity Ratio | -0.04 | -0.07 | -0.03 | -0.07 | -0.07 | -0.09 |
| Net Debt / EBITDA Ratio | -0.23 | -0.50 | -0.27 | -0.29 | -0.29 | -0.59 |
| Net Debt / FCF Ratio | 0.74 | 3.10 | -0.48 | -1.32 | -0.85 | -0.91 |
| Quick Ratio | 2.33 | 2.32 | 2.43 | 2.86 | 2.46 | 1.99 |
| Current Ratio | 2.38 | 2.82 | 3.03 | 3.56 | 3.14 | 2.79 |
| Asset Turnover | 0.27 | 0.34 | 0.37 | 0.46 | 0.39 | 0.36 |
| Return on Equity (ROE) | 9.74% | 9.78% | 6.05% | 19.90% | 16.03% | 9.56% |
| Return on Assets (ROA) | 4.85% | 4.66% | 3.12% | 8.65% | 8.37% | 5.22% |
| Return on Invested Capital (ROIC) | 9.22% | 9.75% | 6.21% | 19.94% | 15.89% | 9.23% |
| Earnings Yield | 5.23% | 6.85% | 3.87% | 8.76% | 7.94% | 2.88% |
| FCF Yield | -2.57% | -1.57% | 3.48% | 2.43% | 4.15% | 3.16% |
| Dividend Yield | 2.85% | 3.77% | 2.04% | 2.74% | 3.14% | 1.89% |
| Payout Ratio | 27.28% | 28.06% | 96.41% | 29.53% | 35.61% | 42.23% |
| Buyback Yield / Dilution | 0.00% | |||||
| Total Shareholder Return | 2.85% | 3.77% | 2.04% | 2.74% | 3.14% | 1.89% |