DSE : SIPLC
Sena Insurance PLC — Financial statements
Bangladesh
Last price 133.1 BDT (At close: Oct 29, 2026) · Market cap 5.32B
Latest research: Sena Insurance financial analysis: investment income at 68% of profit and H1 2026 claims doubled (Oct 2026) · Sena Insurance: a fire and aviation insurer that cedes two-thirds of its premium and earns most of its profit from deposits
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 508.22M | 505.66M | 370.64M | 420.90M | 344.45M | 276.46M |
| Total Interest & Dividend Income | 163.73M | 156.53M | 125.75M | 76.40M | 60.65M | 45.15M |
| Gain (Loss) on Sale of Investments | 62.98K | 2.03M | 3.74M | |||
| Other Revenue | 67.82M | 79.76M | 52.07M | 52.02M | 43.71M | 41.01M |
| Total Revenue | 739.77M | 741.95M | 548.45M | 549.38M | 450.84M | 366.36M |
| Policy Benefits | 209.86M | 202.55M | 126.93M | 225.98M | 134.22M | 114.18M |
| Policy Acquisition & Underwriting Costs | 78.08M | 107.79M | 55.38M | 34.76M | 57.21M | 22.30M |
| Depreciation & Amortization | 14.79M | 15.13M | 14.95M | 14.18M | 9.66M | 5.09M |
| Selling, General & Administrative | 179.18M | 165.29M | 138.94M | 118.85M | 115.31M | 98.80M |
| Other Operating Expenses | 231.84K | 219.41K | 297.28K | 240.45K | 702.00 | |
| Total Operating Expenses | 494.37M | 502.93M | 346.84M | 401.51M | 322.89M | 246.16M |
| Operating Income | 245.39M | 239.02M | 201.61M | 147.87M | 127.95M | 120.20M |
| Currency Exchange Gain (Loss) | 2.11M | 1.50M | ||||
| Other Non Operating Income (Expenses) | -1.37M | -704.70K | -1.28M | -1.02M | -965.00K | -6.46M |
| EBT Excluding Unusual Items | 244.02M | 238.32M | 202.44M | 148.34M | 126.98M | 113.74M |
| Gain (Loss) on Sale of Assets | 750.40K | 750.40K | 4.27M | 1.87M | 2.77M | 2.24M |
| Pretax Income | 244.77M | 239.07M | 206.71M | 150.22M | 129.75M | 115.98M |
| Income Tax Expense | 41.16M | 32.46M | 35.03M | 13.56M | 15.42M | 9.83M |
| Net Income | 203.61M | 206.60M | 171.68M | 136.66M | 114.33M | 106.15M |
| Net Income to Common | 203.61M | 206.60M | 171.68M | 136.66M | 114.33M | 106.15M |
| Shares Outstanding (Basic) | 40.03M | 40.00M | 40.00M | 40.00M | 40.00M | 27.73M |
| Shares Outstanding (Diluted) | 40.03M | 40.00M | 40.00M | 40.00M | 40.00M | 27.73M |
| EPS (Basic) | 5.09 | 5.17 | 4.29 | 3.42 | 2.86 | 3.83 |
| EPS (Diluted) | 5.09 | 5.17 | 4.29 | 3.42 | 2.86 | 3.83 |
| Free Cash Flow | 284.59M | 188.24M | 272.47M | 220.09M | 26.04M | 228.62M |
| Free Cash Flow Per Share | 7.11 | 4.71 | 6.81 | 5.50 | 0.65 | 8.25 |
| Dividend Per Share | 1.50 | 1.50 | 1.50 | 1.35 | 1.20 | 1.20 |
| Operating Margin | 33.17% | 32.21% | 36.76% | 26.91% | 28.38% | 32.81% |
| Profit Margin | 27.52% | 27.85% | 31.30% | 24.88% | 25.36% | 28.97% |
| Free Cash Flow Margin | 38.47% | 25.37% | 49.68% | 40.06% | 5.78% | 62.40% |
| EBITDA | 259.86M | 253.83M | 216.57M | 162.04M | 137.60M | 125.29M |
| EBITDA Margin | 35.13% | 34.21% | 39.49% | 29.50% | 30.52% | 34.20% |
| D&A For EBITDA | 14.47M | 14.81M | 14.95M | 14.18M | 9.66M | 5.09M |
| EBIT | 245.39M | 239.02M | 201.61M | 147.87M | 127.95M | 120.20M |
| EBIT Margin | 33.17% | 32.21% | 36.76% | 26.91% | 28.38% | 32.81% |
| Effective Tax Rate | 16.82% | 13.58% | 16.95% | 9.02% | 11.88% | 8.48% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 10.00M | 10.79M | 2.44M | 4.19M | 6.05M | |
| Other Investments | 24.06M | 25.76M | 35.42M | 59.52M | 59.43M | 24.35M |
| Total Investments | 221.07M | 225.22M | 108.38M | 63.71M | 65.48M | 24.35M |
| Cash & Equivalents | 1.55B | 1.37B | 1.37B | 1.21B | 1.03B | 1.13B |
| Reinsurance Recoverable | 828.32K | 828.32K | 828.32K | 828.32K | 828.32K | |
| Other Receivables | 73.48M | 54.89M | 49.97M | 29.27M | 25.74M | 19.38M |
| Property, Plant & Equipment | 107.60M | 106.53M | 106.47M | 180.26M | 177.18M | 47.93M |
| Other Intangible Assets | 2.74M | 2.88M | 3.21M | 3.04M | 2.45M | 1.09M |
| Other Current Assets | 65.57M | 96.00M | 72.72M | 19.21M | 86.35M | 69.96M |
| Long-Term Deferred Tax Assets | 16.88M | 16.88M | 14.51M | 12.40M | 10.63M | 9.09M |
| Other Long-Term Assets | 166.92M | 166.92M | 166.13M | 80.01M | 81.09M | 81.09M |
| Total Assets | 2.21B | 2.04B | 1.89B | 1.60B | 1.48B | 1.38B |
| Accrued Expenses | 8.53M | 16.61M | 13.58M | 10.42M | 8.57M | 12.35M |
| Insurance & Annuity Liabilities | 296.78M | 352.46M | 351.94M | 337.51M | 230.38M | 217.42M |
| Unpaid Claims | 527.65M | 364.15M | 376.64M | 271.00M | 222.51M | 270.99M |
| Unearned Premiums | 115.23M | 106.06M | 87.12M | 45.67M | 113.68M | 2.04M |
| Current Income Taxes Payable | 30.67M | 32.23M | 34.64M | 16.10M | 89.45M | 74.27M |
| Long-Term Leases | 6.08M | 6.08M | 7.04M | 9.76M | 3.95M | 14.43M |
| Long-Term Deferred Tax Liabilities | 2.54M | 3.02M | 1.68M | 2.50M | 3.28M | 1.51M |
| Other Current Liabilities | 1.45M | 3.19M | 2.53M | 1.94M | 1.09M | 9.25M |
| Other Long-Term Liabilities | 3.04M | 3.11M | 3.11M | 3.11M | 27.40M | |
| Total Liabilities | 991.98M | 893.48M | 884.15M | 703.48M | 677.04M | 633.44M |
| Common Stock | 400.00M | 400.00M | 400.00M | 400.00M | 400.00M | 400.00M |
| Retained Earnings | 817.32M | 743.31M | 606.38M | 497.06M | 406.67M | 348.37M |
| Comprehensive Income & Other | 1.00 | -1.00 | ||||
| Shareholders' Equity | 1.22B | 1.14B | 1.01B | 897.06M | 806.67M | 748.37M |
| Total Liabilities & Equity | 2.21B | 2.04B | 1.89B | 1.60B | 1.48B | 1.38B |
| Filing Date Shares Outstanding | 40.00M | 40.00M | 40.00M | 40.00M | 40.00M | 40.00M |
| Total Common Shares Outstanding | 40.00M | 40.00M | 40.00M | 40.00M | 40.00M | 40.00M |
| Total Debt | 6.08M | 6.08M | 7.04M | 9.76M | 3.95M | 14.43M |
| Net Cash (Debt) | 1.55B | 1.36B | 1.36B | 1.20B | 1.03B | 1.11B |
| Net Cash Per Share | 38.67 | 34.01 | 34.03 | 30.05 | 25.75 | 40.20 |
| Book Value Per Share | 30.43 | 28.58 | 25.16 | 22.43 | 20.17 | 18.71 |
| Tangible Book Value | 1.21B | 1.14B | 1.00B | 894.02M | 804.23M | 747.28M |
| Tangible Book Value Per Share | 30.36 | 28.51 | 25.08 | 22.35 | 20.11 | 18.68 |
| Land | 58.35M | 58.35M | 140.12M | 140.12M | ||
| Machinery | 70.56M | 62.29M | 55.38M | 49.38M | 44.06M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 203.61M | 206.60M | 171.68M | 136.66M | 114.33M | 106.15M |
| Depreciation & Amortization | 18.63M | 18.97M | 21.89M | 16.36M | 24.45M | 13.31M |
| Other Amortization | 320.51K | 320.51K | ||||
| Gain (Loss) on Sale of Assets | -750.40K | -750.40K | -4.27M | -1.87M | -2.77M | -2.24M |
| Change in Income Taxes | -2.41M | -2.41M | 18.53M | -72.23M | 15.19M | 10.72M |
| Change in Deferred Taxes | -1.03M | -1.03M | -2.93M | -2.55M | 233.98K | -887.01K |
| Change in Insurance Reserves / Liabilities | -12.49M | -12.49M | 145.02M | 48.50M | -87.86M | 149.60M |
| Change in Other Net Operating Assets | -5.03M | -5.03M | -53.87M | 109.91M | 129.33M | -21.91M |
| Other Operating Activities | 92.13M | -4.17M | -6.93M | -2.19M | -14.80M | -8.22M |
| Operating Cash Flow | 292.98M | 200.02M | 289.11M | 232.60M | 178.11M | 246.51M |
| Capital Expenditures | -8.39M | -11.77M | -16.64M | -12.51M | -152.07M | -17.89M |
| Sale of Property, Plant & Equipment | 900.00K | 6.66M | 2.32M | 3.56M | 3.34M | |
| Investment in Securities | -80.71M | -130.84M | -68.62M | 3.45M | -49.17M | -41.15M |
| Investing Cash Flow | -89.10M | -141.71M | -78.60M | -6.75M | -197.67M | -55.70M |
| Short-Term Debt Issued | 183.08K | |||||
| Total Debt Issued | 183.08K | |||||
| Total Debt Repaid | -27.40M | |||||
| Net Debt Issued (Repaid) | -27.40M | 183.08K | ||||
| Issuance of Common Stock | 160.00M | |||||
| Common Dividends Paid | -60.00M | -60.00M | -54.00M | -48.00M | -48.00M | -15.58M |
| Financing Cash Flow | -60.00M | -60.00M | -54.00M | -48.00M | -75.40M | 144.61M |
| Miscellaneous Cash Flow Adjustments | 1.00 | -1.00 | ||||
| Net Cash Flow | 143.88M | -1.69M | 156.51M | 177.85M | -94.96M | 335.42M |
| Free Cash Flow | 284.59M | 188.24M | 272.47M | 220.09M | 26.04M | 228.62M |
| Free Cash Flow Margin | 38.47% | 25.37% | 49.68% | 40.06% | 5.78% | 62.40% |
| Free Cash Flow Per Share | 7.11 | 4.71 | 6.81 | 5.50 | 0.65 | 8.25 |
| Levered Free Cash Flow | 146.47M | 250.52M | 69.61M | -39.90M | 181.88M | |
| Unlevered Free Cash Flow | 146.47M | 250.52M | 69.61M | -39.90M | 181.88M | |
| Cash Income Tax Paid | 41.26M | 44.58M | 23.20M | 21.53M | 14.13M | 19.71M |
| Change in Working Capital | -20.97M | -20.97M | 106.75M | 83.64M | 56.89M | 137.52M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.32B | 2.11B | 1.72B | 2.10B | 2.30B | 3.09B |
| Enterprise Value | 3.78B | 750.72M | 517.95M | 1.07B | 1.19B | 2.32B |
| PE Ratio | 26.17 | 10.22 | 10.02 | 15.40 | 20.15 | 29.13 |
| PS Ratio | 7.20 | 2.85 | 3.14 | 3.83 | 5.11 | 8.44 |
| PB Ratio | 4.37 | 1.85 | 1.71 | 2.35 | 2.86 | 4.13 |
| P/FCF Ratio | 18.71 | 11.22 | 6.31 | 9.56 | 88.47 | 13.52 |
| P/OCF Ratio | 18.17 | 10.56 | 5.95 | 9.05 | 12.94 | 12.54 |
| EV/Sales Ratio | 5.10 | 1.01 | 0.94 | 1.96 | 2.64 | 6.33 |
| EV/EBITDA Ratio | 14.30 | 2.96 | 2.39 | 6.63 | 8.64 | 18.51 |
| EV/EBIT Ratio | 15.39 | 3.14 | 2.57 | 7.26 | 9.30 | 19.30 |
| EV/FCF Ratio | 13.27 | 3.99 | 1.90 | 4.88 | 45.68 | 10.15 |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Debt / EBITDA Ratio | 0.02 | 0.02 | 0.03 | 0.06 | 0.03 | 0.11 |
| Debt / FCF Ratio | 0.02 | 0.03 | 0.03 | 0.04 | 0.15 | 0.06 |
| Net Debt / Equity Ratio | -1.27 | -1.19 | -1.35 | -1.34 | -1.28 | -1.49 |
| Net Debt / EBITDA Ratio | -5.96 | -5.36 | -6.29 | -7.42 | -7.49 | -8.89 |
| Net Debt / FCF Ratio | -5.44 | -7.23 | -5.00 | -5.46 | -39.55 | -4.88 |
| Quick Ratio | 2.31 | 2.66 | 2.73 | 3.68 | 2.51 | 3.13 |
| Current Ratio | 2.51 | 2.96 | 2.97 | 3.83 | 2.77 | 3.37 |
| Asset Turnover | 0.38 | 0.31 | 0.36 | 0.32 | 0.31 | |
| Return on Equity (ROE) | 19.22% | 18.04% | 16.04% | 14.70% | 16.92% | |
| Return on Assets (ROA) | 7.61% | 7.22% | 5.99% | 5.58% | 6.37% | |
| Return on Invested Capital (ROIC) | 17.21% | 19.10% | 17.44% | 15.67% | 14.33% | 17.05% |
| Earnings Yield | 3.82% | 9.78% | 9.98% | 6.49% | 4.96% | 3.43% |
| FCF Yield | 5.35% | 8.91% | 15.84% | 10.46% | 1.13% | 7.39% |
| Dividend Yield | 1.13% | 2.84% | 3.49% | 2.57% | 2.08% | 1.55% |
| Payout Ratio | 29.47% | 29.04% | 31.45% | 35.12% | 41.98% | 14.67% |
| Buyback Yield / Dilution | -0.07% | -44.27% | -15.53% | |||
| Total Shareholder Return | 1.05% | 2.84% | 3.49% | 2.57% | -42.19% | -13.97% |