DSE : SONALILIFE
Sonali Life Insurance Company Limited — Financial statements
Life Insurance · Bangladesh
Last price 102.2 BDT (At close: Oct 28, 2026) · Market cap 4.85B
Latest research: Sonali Life Insurance financial analysis: maturity claims up six-fold in two years as the fund growth slows (Oct 2026) · Sonali Life Insurance: a young life fund of BDT 9.0bn now paying out maturities of BDT 2.9bn a year, with BDT 1.1bn of legacy receivables in court
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 9.08B | 8.64B | 7.95B | 8.30B | 6.13B | 3.19B |
| Total Interest & Dividend Income | 312.30M | 298.35M | 356.60M | 57.25M | 117.44M | 87.41M |
| Gain (Loss) on Sale of Investments | 1.13M | 1.13M | 3.47M | 3.24M | ||
| Other Revenue | 23.14M | 12.65M | 10.09M | 8.54M | 5.29M | 2.04M |
| Total Revenue | 9.42B | 8.95B | 8.32B | 8.37B | 6.25B | 3.28B |
| Policy Benefits | 4.80B | 4.04B | 3.64B | 1.20B | 590.67M | 291.41M |
| Policy Acquisition & Underwriting Costs | 1.55B | 1.31B | 1.10B | 1.22B | 1.18B | 824.82M |
| Depreciation & Amortization | 446.15M | 446.15M | 456.21M | 1.24B | 257.51M | 191.71M |
| Selling, General & Administrative | 627.29M | 475.91M | 231.43M | 667.22M | 512.76M | 241.75M |
| Other Operating Expenses | -71.37M | -4.68M | -6.53M | -5.44M | -732.61K | |
| Total Operating Expenses | 8.92B | 7.84B | 6.96B | 6.57B | 2.99B | 1.77B |
| Operating Income | 495.51M | 1.11B | 1.36B | 1.80B | 3.26B | 1.51B |
| Interest Expense | -74.24M | -74.24M | -108.00M | -849.39M | -7.36M | -6.84M |
| Other Non Operating Income (Expenses) | -130.09M | -130.09M | -121.43M | -113.46M | -79.43M | -59.40M |
| EBT Excluding Unusual Items | 291.18M | 905.88M | 1.13B | 832.85M | 3.18B | 1.45B |
| Gain (Loss) on Sale of Assets | 4.12M | |||||
| Pretax Income | 291.18M | 905.88M | 1.13B | 832.85M | 3.18B | 1.45B |
| Income Tax Expense | -1.38M | -1.38M | 11.40M | 38.86M | 110.96M | 16.51M |
| Net Income | 292.56M | 907.26M | 1.12B | 793.98M | 3.07B | 1.43B |
| Net Income to Common | 292.56M | 907.26M | 1.12B | 793.98M | 3.07B | 1.43B |
| Shares Outstanding (Basic) | 47.50M | 47.50M | 47.50M | 47.50M | ||
| Shares Outstanding (Diluted) | 47.50M | 47.50M | 47.50M | 47.50M | ||
| EPS (Basic) | 19.10 | 23.64 | 64.53 | 30.17 | ||
| EPS (Diluted) | 19.10 | 23.64 | 64.53 | 30.17 | ||
| Free Cash Flow | -64.57M | 525.38M | 832.81M | 717.31M | 2.61B | 1.27B |
| Free Cash Flow Per Share | 11.06 | 17.53 | 54.98 | 26.70 | ||
| Dividend Per Share | 1.50 | 1.50 | 1.50 | 2.00 | 1.50 | |
| Operating Margin | 5.26% | 12.40% | 16.38% | 21.46% | 52.22% | 46.08% |
| Profit Margin | 3.11% | 10.13% | 13.49% | 9.49% | 49.05% | 43.68% |
| Free Cash Flow Margin | -0.69% | 5.87% | 10.01% | 8.57% | 41.79% | 38.65% |
| EBITDA | 594.50M | 1.21B | 1.49B | 1.94B | 3.42B | 1.64B |
| EBITDA Margin | 6.31% | 13.56% | 17.86% | 23.13% | 54.72% | 50.02% |
| D&A For EBITDA | 98.99M | 104.28M | 122.85M | 139.98M | 156.40M | 129.25M |
| EBIT | 495.51M | 1.11B | 1.36B | 1.80B | 3.26B | 1.51B |
| EBIT Margin | 5.26% | 12.40% | 16.38% | 21.46% | 52.22% | 46.08% |
| Effective Tax Rate | 1.01% | 4.67% | 3.49% | 1.14% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 891.25M | 868.69M | 582.70M | 302.70M | 134.00M | 64.90M |
| Investments in Equity & Preferred Securities | 98.29M | 95.99M | 93.15M | 128.53M | 85.52M | 88.29M |
| Policy Loans | 45.19M | 42.74M | 36.78M | 20.33M | 14.56M | |
| Other Investments | 5.80B | 5.31B | 4.10B | 2.29B | 2.51B | 1.34B |
| Total Investments | 6.84B | 6.32B | 4.81B | 2.75B | 2.74B | 1.50B |
| Cash & Equivalents | 215.23M | 816.00M | 1.39B | 2.29B | 2.66B | 1.25B |
| Other Receivables | 970.07M | 903.92M | 1.20B | 1.25B | 176.12M | 107.69M |
| Property, Plant & Equipment | 881.78M | 1.10B | 1.26B | 1.54B | 1.76B | 1.25B |
| Other Intangible Assets | 176.01M | 214.43M | 285.91M | 381.21M | 131.63M | 77.74M |
| Restricted Cash | 15.00M | 15.00M | 15.00M | 15.00M | 15.00M | 15.00M |
| Other Current Assets | 1.64B | 1.55B | 1.47B | 1.54B | 242.26M | 127.86M |
| Other Long-Term Assets | 10.24M | 1.00 | -1.00 | -1.00 | -1.00 | |
| Total Assets | 10.74B | 10.92B | 10.44B | 9.76B | 7.73B | 4.32B |
| Accrued Expenses | 536.63M | 412.56M | 190.10M | 230.91M | 64.27M | |
| Insurance & Annuity Liabilities | 9.26B | 8.96B | 8.05B | 6.93B | 6.04B | 2.97B |
| Unpaid Claims | 5.11M | 13.31M | 245.58K | 77.62K | 235.18K | |
| Unearned Premiums | 9.01M | 6.94M | 5.04M | 2.95M | 1.95M | 1.04M |
| Reinsurance Payable | 17.34M | 934.78K | 587.98K | 827.89K | ||
| Current Income Taxes Payable | 112.93M | 97.44M | 154.53M | 96.24M | 44.13M | |
| Long-Term Leases | 352.06M | 517.09M | 612.15M | 674.40M | 125.22M | 104.89M |
| Long-Term Deferred Tax Liabilities | -5.20M | -5.20M | 11.68M | 39.42M | 58.85M | |
| Other Current Liabilities | 167.10M | 362.70M | 339.42M | 69.03M | 11.66M | |
| Other Long-Term Liabilities | 640.39M | 33.05M | 231.70M | 806.15M | 624.57M | 629.70M |
| Total Liabilities | 10.25B | 10.43B | 9.95B | 9.27B | 7.24B | 3.83B |
| Common Stock | 475.00M | 475.00M | 475.00M | 475.00M | 475.00M | 475.00M |
| Comprehensive Income & Other | 15.00M | 15.00M | 15.00M | 15.00M | 15.00M | 15.00M |
| Shareholders' Equity | 490.00M | 490.00M | 490.00M | 490.00M | 490.00M | 490.00M |
| Total Liabilities & Equity | 10.74B | 10.92B | 10.44B | 9.76B | 7.73B | 4.32B |
| Filing Date Shares Outstanding | 47.50M | 47.50M | 47.50M | 47.50M | ||
| Total Common Shares Outstanding | 47.50M | 47.50M | 47.50M | 47.50M | ||
| Total Debt | 352.06M | 517.09M | 612.15M | 674.40M | 125.22M | 104.89M |
| Net Cash (Debt) | -136.83M | 298.91M | 778.68M | 1.62B | 2.54B | 1.14B |
| Net Cash Per Share | 6.29 | 16.39 | 53.41 | 24.06 | ||
| Book Value Per Share | 10.32 | 10.32 | 10.32 | 10.32 | ||
| Tangible Book Value | 313.99M | 275.57M | 204.09M | 108.79M | 358.37M | 412.26M |
| Tangible Book Value Per Share | 5.80 | 4.30 | 7.54 | 8.68 | ||
| Land | 40.77M | 40.77M | 40.77M | 36.67M | 22.43M | |
| Buildings | 885.00M | 442.50M | ||||
| Machinery | 1.11B | 1.08B | 1.08B | 932.70M | 764.63M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 292.56M | 907.26M | 1.12B | 793.98M | 3.07B | 1.43B |
| Depreciation & Amortization | 106.97M | 104.28M | 1.24B | 224.78M | 191.71M | |
| Other Amortization | 32.73M | |||||
| Gain (Loss) on Sale of Assets | -4.12M | |||||
| Change in Other Net Operating Assets | 16.66M | -1.11B | 103.90M | 585.94M | ||
| Other Operating Activities | -460.79M | -450.67M | -280.73M | 29.81M | -78.44M | -130.68M |
| Operating Cash Flow | -44.60M | 560.87M | 841.93M | 957.63M | 3.35B | 2.08B |
| Capital Expenditures | -19.97M | -35.49M | -9.12M | -240.32M | -736.89M | -808.07M |
| Sale of Property, Plant & Equipment | 9.08M | |||||
| Investment in Securities | -744.65M | -1.50B | -2.07B | -1.16B | -1.23B | -940.91M |
| Other Investing Activities | 472.59M | 464.78M | 351.06M | 175.58M | 130.84M | 96.70M |
| Investing Cash Flow | -294.89M | -1.08B | -1.74B | -1.23B | -1.85B | -1.64B |
| Issuance of Common Stock | 190.00M | |||||
| Common Dividends Paid | -150.98M | -55.98M | -95.00M | -80.75M | -38.00M | |
| Financing Cash Flow | -150.98M | -55.98M | -95.00M | -80.75M | 152.00M | |
| Miscellaneous Cash Flow Adjustments | 1.00 | -1.00 | 1.00 | -1.00 | ||
| Net Cash Flow | -490.47M | -574.83M | -901.14M | -370.39M | 1.41B | 584.91M |
| Free Cash Flow | -64.57M | 525.38M | 832.81M | 717.31M | 2.61B | 1.27B |
| Free Cash Flow Margin | -0.69% | 5.87% | 10.01% | 8.57% | 41.79% | 38.65% |
| Free Cash Flow Per Share | 11.06 | 17.53 | 54.98 | 26.70 | ||
| Levered Free Cash Flow | 431.43M | 855.56M | 1.11B | -482.98M | 1.65B | 280.32M |
| Unlevered Free Cash Flow | 477.83M | 901.96M | 1.18B | 47.89M | 1.65B | 284.59M |
| Free Cash Flow After Leases | -64.57M | 525.38M | 832.81M | 717.31M | 2.61B | 1.27B |
| Cash Income Tax Paid | 8.47M | 100.82M | 87.96M | 107.05M | 78.98M | 20.47M |
| Change in Working Capital | 16.66M | -1.11B | 103.90M | 585.94M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.82B | 2.89B | 2.32B | 3.84B | 2.83B | 3.00B |
| Enterprise Value | 4.96B | 2.70B | -298.88M | 1.23B | 1.41B | 2.05B |
| PE Ratio | 16.48 | 3.18 | 2.06 | 4.84 | 0.92 | 2.10 |
| PS Ratio | 0.51 | 0.32 | 0.28 | 0.46 | 0.45 | 0.92 |
| PB Ratio | 9.84 | 5.89 | 4.73 | 7.84 | 5.78 | 6.13 |
| P/FCF Ratio | 5.50 | 2.78 | 5.36 | 1.08 | 2.37 | |
| P/OCF Ratio | 5.15 | 2.75 | 4.01 | 0.85 | 1.45 | |
| EV/Sales Ratio | 0.53 | 0.30 | 0.15 | 0.23 | 0.62 | |
| EV/EBITDA Ratio | 8.23 | 2.22 | 0.63 | 0.41 | 1.25 | |
| EV/EBIT Ratio | 10.01 | 2.43 | 0.68 | 0.43 | 1.36 | |
| EV/FCF Ratio | 5.13 | 1.71 | 0.54 | 1.62 | ||
| Debt / Equity Ratio | 0.72 | 1.05 | 1.25 | 1.38 | 0.26 | 0.21 |
| Debt / EBITDA Ratio | 0.58 | 0.43 | 0.41 | 0.22 | 0.04 | 0.06 |
| Debt / FCF Ratio | 0.98 | 0.73 | 0.94 | 0.05 | 0.08 | |
| Net Debt / Equity Ratio | 0.28 | -0.61 | -1.59 | -3.30 | -5.18 | -2.33 |
| Net Debt / EBITDA Ratio | 0.23 | -0.25 | -0.52 | -0.84 | -0.74 | -0.70 |
| Net Debt / FCF Ratio | -2.12 | -0.57 | -0.94 | -2.25 | -0.97 | -0.90 |
| Quick Ratio | 106.39 | 1.82 | 2.58 | 4.78 | 6.70 | 10.28 |
| Current Ratio | 315.09 | 3.96 | 4.49 | 7.40 | 7.76 | 12.27 |
| Asset Turnover | 0.87 | 0.84 | 0.82 | 0.96 | 1.04 | 1.05 |
| Return on Equity (ROE) | 59.71% | 185.16% | 229.12% | 162.04% | 625.56% | 362.85% |
| Return on Assets (ROA) | 2.86% | 6.50% | 8.44% | 12.83% | 33.85% | 30.16% |
| Return on Invested Capital (ROIC) | 56.62% | 105.27% | 119.10% | 192.39% | 520.45% | 319.09% |
| Earnings Yield | 6.07% | 31.41% | 48.43% | 20.66% | 108.28% | 47.74% |
| FCF Yield | -1.34% | 18.19% | 35.93% | 18.67% | 92.24% | 42.24% |
| Dividend Yield | 1.48% | 2.47% | 3.07% | 3.36% | 2.37% | |
| Payout Ratio | 51.61% | 6.17% | 11.96% | 2.63% | 2.65% | |
| Buyback Yield / Dilution | -66.67% | |||||
| Total Shareholder Return | 1.48% | 2.47% | 3.07% | 3.36% | -64.29% |