DSE : SONARBAINS
Sonar Bangla Insurance Limited — Financial statements
Insurance Carriers · Bangladesh
Last price 40.2 BDT (At close: Oct 29, 2026) · Market cap 1.77B
Latest research: Sonar Bangla Insurance financial analysis: combined ratio 94.2% and qualified 2025 audit (Oct 2026) · Sonar Bangla Insurance: qualified 2025 audit, combined ratio 94.2% and consolidated EPS Tk 0.69
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 439.09M | 439.09M | 492.25M | 404.68M | 345.82M | 469.74M |
| Total Interest & Dividend Income | 45.22M | 45.22M | 42.31M | 42.76M | 31.12M | 25.81M |
| Gain (Loss) on Sale of Investments | -26.17M | -26.17M | -79.61M | -60.96M | 14.42M | 26.51M |
| Other Revenue | 52.00M | 52.00M | 61.14M | 36.83M | 48.01M | 50.31M |
| Total Revenue | 510.14M | 510.14M | 516.10M | 423.31M | 439.37M | 572.37M |
| Policy Benefits | 137.72M | 137.72M | 194.55M | 114.77M | 14.55M | 153.07M |
| Policy Acquisition & Underwriting Costs | 94.35M | 94.35M | 82.47M | 74.15M | 89.18M | 39.94M |
| Depreciation & Amortization | 5.37M | 5.37M | 6.21M | 7.11M | 6.56M | 6.51M |
| Selling, General & Administrative | 215.51M | 215.51M | 194.02M | 179.40M | 185.83M | 241.11M |
| Other Operating Expenses | 99.96K | 99.96K | 100.00K | 100.00K | 100.00K | 100.00K |
| Total Operating Expenses | 453.04M | 453.04M | 477.35M | 375.53M | 296.22M | 440.73M |
| Operating Income | 57.10M | 57.10M | 38.75M | 47.78M | 143.15M | 131.64M |
| Other Non Operating Income (Expenses) | -112.27M | -112.27M | -65.31M | -43.50M | -15.03M | -536.24K |
| EBT Excluding Unusual Items | -55.17M | -55.17M | -26.56M | 4.28M | 128.12M | 131.10M |
| Gain (Loss) on Sale of Investments | 869.32K | |||||
| Gain (Loss) on Sale of Assets | 6.17M | 6.17M | -26.07K | 757.28K | -34.95K | |
| Pretax Income | -49.00M | -49.00M | -26.59M | 5.15M | 128.87M | 131.07M |
| Income Tax Expense | 25.87M | 25.87M | 26.47M | 26.75M | 31.36M | 26.54M |
| Earnings From Continuing Ops. | -74.87M | -74.87M | -53.06M | -21.60M | 97.51M | 104.53M |
| Minority Interest in Earnings | -9.78M | -9.78M | -25.67M | -21.60M | -3.96M | -4.66M |
| Net Income | -84.65M | -84.65M | -78.73M | -43.21M | 93.55M | 99.87M |
| Preferred Dividends & Other Adjustments | -16.34M | -16.34M | -31.39M | -105.28M | 19.96M | 17.62M |
| Net Income to Common | -68.31M | -68.31M | -47.34M | 62.08M | 73.59M | 82.25M |
| Shares Outstanding (Basic) | 44.15M | 44.15M | 44.15M | 44.15M | 44.15M | 44.15M |
| Shares Outstanding (Diluted) | 44.15M | 44.15M | 44.15M | 44.15M | 44.15M | 44.15M |
| EPS (Basic) | -1.55 | -1.55 | -1.07 | 1.41 | 1.67 | 1.86 |
| EPS (Diluted) | -1.55 | -1.55 | -1.07 | 1.41 | 1.67 | 1.86 |
| Free Cash Flow | 49.93M | 49.93M | 47.57M | -17.99M | 105.50M | 93.82M |
| Free Cash Flow Per Share | 1.13 | 1.13 | 1.08 | -0.41 | 2.39 | 2.12 |
| Dividend Per Share | 0.48 | 0.48 | 0.95 | 0.95 | 0.91 | 1.36 |
| Operating Margin | 11.19% | 11.19% | 7.51% | 11.29% | 32.58% | 23.00% |
| Profit Margin | -13.39% | -13.39% | -9.17% | 14.67% | 16.75% | 14.37% |
| Free Cash Flow Margin | 9.79% | 9.79% | 9.22% | -4.25% | 24.01% | 16.39% |
| EBITDA | 62.32M | 62.32M | 44.96M | 54.89M | 149.71M | 138.14M |
| EBITDA Margin | 12.22% | 12.22% | 8.71% | 12.97% | 34.07% | 24.14% |
| D&A For EBITDA | 5.22M | 5.22M | 6.21M | 7.11M | 6.56M | 6.51M |
| EBIT | 57.10M | 57.10M | 38.75M | 47.78M | 143.15M | 131.64M |
| EBIT Margin | 11.19% | 11.19% | 7.51% | 11.29% | 32.58% | 23.00% |
| Effective Tax Rate | 519.73% | 24.34% | 20.25% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Equity & Preferred Securities | 31.21M | 31.21M | 38.70M | 122.99M | 115.90M | 114.40M |
| Total Investments | 31.21M | 31.21M | 38.70M | 122.99M | 115.90M | 114.40M |
| Cash & Equivalents | 456.99M | 456.99M | 453.57M | 449.33M | 528.66M | 492.75M |
| Reinsurance Recoverable | 285.88M | 285.88M | 309.91M | 317.75M | 258.05M | 328.08M |
| Other Receivables | 131.60M | 131.60M | 153.38M | 144.44M | 145.59M | 134.82M |
| Property, Plant & Equipment | 77.37M | 77.37M | 79.70M | 87.96M | 109.19M | 90.32M |
| Other Intangible Assets | 348.21K | 348.21K | 497.44K | 710.63K | 1.21M | 2.25M |
| Other Current Assets | 232.30M | 232.30M | 207.57M | 115.02M | 128.70M | 135.16M |
| Long-Term Deferred Charges | 637.50K | |||||
| Other Long-Term Assets | 79.24M | 79.24M | 66.90M | 46.62M | 26.61M | 28.20M |
| Total Assets | 1.29B | 1.29B | 1.31B | 1.28B | 1.31B | 1.33B |
| Accounts Payable | 858.00K | 850.00K | ||||
| Accrued Expenses | 3.53M | 3.53M | 3.57M | 3.36M | 5.66M | 7.39M |
| Insurance & Annuity Liabilities | 175.86M | 175.86M | 197.73M | 162.03M | 138.40M | 188.88M |
| Unpaid Claims | 17.05M | 17.05M | 19.59M | 27.05M | 24.74M | 22.94M |
| Unearned Premiums | 9.17M | 9.17M | 6.43M | 6.74M | 6.45M | 8.39M |
| Reinsurance Payable | 936.07K | |||||
| Current Income Taxes Payable | 90.82M | 90.82M | 66.20M | 40.67M | 50.48M | 49.70M |
| Long-Term Debt | 49.51M | 49.51M | 49.48M | 31.01M | 32.25M | 37.72M |
| Long-Term Leases | 14.98M | 14.98M | 11.78M | 14.40M | 31.06M | 19.19M |
| Long-Term Deferred Tax Liabilities | 6.46M | 6.46M | 7.07M | 8.28M | 7.25M | 9.17M |
| Other Current Liabilities | 2.16M | 2.16M | 1.49M | 6.98M | 912.21K | 1.56M |
| Other Long-Term Liabilities | 23.24M | 23.24M | 25.82M | 20.45M | 20.01M | 22.34M |
| Total Liabilities | 392.79M | 392.79M | 389.17M | 321.83M | 318.06M | 368.23M |
| Common Stock | 420.44M | 420.44M | 420.44M | 420.44M | 400.41M | 400.41M |
| Retained Earnings | 421.21M | 421.21M | 430.34M | 446.60M | 477.87M | 444.54M |
| Total Common Equity | 841.65M | 841.65M | 850.78M | 867.03M | 878.28M | 844.96M |
| Minority Interest | 60.51M | 60.51M | 70.29M | 95.95M | 117.56M | 113.43M |
| Shareholders' Equity | 902.15M | 902.15M | 921.06M | 962.99M | 995.84M | 958.39M |
| Total Liabilities & Equity | 1.29B | 1.29B | 1.31B | 1.28B | 1.31B | 1.33B |
| Filing Date Shares Outstanding | 44.15M | 44.15M | 44.15M | 44.15M | 44.15M | 44.15M |
| Total Common Shares Outstanding | 44.15M | 44.15M | 44.15M | 44.15M | 44.15M | 44.15M |
| Total Debt | 64.49M | 64.49M | 61.26M | 45.42M | 63.31M | 56.92M |
| Net Cash (Debt) | 392.50M | 392.50M | 392.31M | 403.91M | 465.35M | 435.83M |
| Net Cash Per Share | 8.89 | 8.89 | 8.89 | 9.15 | 10.54 | 9.87 |
| Book Value Per Share | 19.07 | 19.07 | 19.27 | 19.64 | 19.90 | 19.14 |
| Tangible Book Value | 841.30M | 841.30M | 850.28M | 866.32M | 877.07M | 842.71M |
| Tangible Book Value Per Share | 19.06 | 19.06 | 19.26 | 19.62 | 19.87 | 19.09 |
| Buildings | 12.50M | 12.50M | ||||
| Machinery | 67.16M | 67.16M | 74.06M | 73.28M | 8.05M | 74.62M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -84.65M | -84.65M | -78.73M | -43.21M | 93.55M | 99.87M |
| Depreciation & Amortization | 15.16M | 15.16M | 15.15M | 15.85M | 6.56M | 6.51M |
| Other Amortization | 149.23K | 149.23K | ||||
| Gain (Loss) on Sale of Assets | -4.42M | -4.42M | 26.07K | -757.28K | 34.95K | |
| Gain (Loss) on Sale of Investments | 455.45K | 455.45K | 4.24M | -808.35K | 316.86K | -5.45M |
| Change in Insurance Reserves / Liabilities | -2.54M | -2.54M | -7.46M | 2.31M | 863.60K | 5.93M |
| Change in Other Net Operating Assets | 3.65M | 3.65M | -35.81M | -41.34M | 6.89M | 42.78M |
| Other Operating Activities | 123.18M | 123.18M | 152.08M | 52.44M | 10.08M | -38.02M |
| Operating Cash Flow | 51.20M | 51.20M | 49.22M | -14.76M | 119.10M | 111.11M |
| Capital Expenditures | -1.27M | -1.27M | -1.65M | -3.23M | -13.59M | -17.29M |
| Sale of Property, Plant & Equipment | 6.44M | 6.44M | 12.00K | 775.78K | 20.00K | |
| Investment in Securities | -12.08M | -12.08M | -20.00M | -26.28M | -4.83M | -5.43M |
| Other Investing Activities | -10.00M | |||||
| Investing Cash Flow | -6.90M | -6.90M | -21.63M | -29.51M | -17.65M | -32.70M |
| Long-Term Debt Issued | 161.72K | 161.72K | 18.70M | |||
| Total Debt Repaid | -1.12M | -5.47M | -11.00M | |||
| Net Debt Issued (Repaid) | 161.72K | 161.72K | 18.70M | -1.12M | -5.47M | -11.00M |
| Issuance of Common Stock | 24.46M | |||||
| Common Dividends Paid | -41.05M | -41.05M | -42.04M | -33.94M | -60.06M | -61.25M |
| Financing Cash Flow | -40.88M | -40.88M | -23.34M | -35.06M | -65.53M | -47.79M |
| Net Cash Flow | 3.42M | 3.42M | 4.24M | -79.33M | 35.91M | 30.62M |
| Free Cash Flow | 49.93M | 49.93M | 47.57M | -17.99M | 105.50M | 93.82M |
| Free Cash Flow Margin | 9.79% | 9.79% | 9.22% | -4.25% | 24.01% | 16.39% |
| Free Cash Flow Per Share | 1.13 | 1.13 | 1.08 | -0.41 | 2.39 | 2.12 |
| Levered Free Cash Flow | 96.26M | 96.26M | -44.29M | -5.82M | 146.32M | -2.64M |
| Unlevered Free Cash Flow | 96.26M | 96.26M | -44.29M | -5.82M | 146.32M | -2.64M |
| Cash Income Tax Paid | 26.15M | 26.15M | 27.34M | 206.26M | 22.33M | 48.34M |
| Change in Working Capital | 1.32M | 1.32M | -43.55M | -39.04M | 9.35M | 48.17M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.77B | 1.08B | 1.12B | 1.88B | 1.91B | 2.97B |
| Enterprise Value | 1.44B | 723.11M | 737.83M | 1.54B | 1.58B | 2.55B |
| PE Ratio | 30.34 | 25.90 | 36.07 | |||
| PS Ratio | 3.48 | 2.12 | 2.17 | 4.45 | 4.34 | 5.18 |
| PB Ratio | 1.97 | 1.20 | 1.21 | 1.96 | 1.91 | 3.10 |
| P/FCF Ratio | 35.54 | 21.64 | 23.51 | 18.07 | 31.62 | |
| P/OCF Ratio | 34.66 | 21.10 | 22.72 | 16.00 | 26.70 | |
| EV/Sales Ratio | 2.83 | 1.42 | 1.43 | 3.64 | 3.60 | 4.45 |
| EV/EBITDA Ratio | 19.96 | 11.60 | 16.41 | 28.09 | 10.58 | 18.46 |
| EV/EBIT Ratio | 25.27 | 12.66 | 19.04 | 32.27 | 11.06 | 19.37 |
| EV/FCF Ratio | 28.89 | 14.48 | 15.51 | 15.01 | 27.18 | |
| Debt / Equity Ratio | 0.07 | 0.07 | 0.07 | 0.05 | 0.06 | 0.06 |
| Debt / EBITDA Ratio | 0.89 | 0.89 | 1.14 | 0.71 | 0.42 | 0.41 |
| Debt / FCF Ratio | 1.29 | 1.29 | 1.29 | 0.60 | 0.61 | |
| Net Debt / Equity Ratio | -0.43 | -0.43 | -0.43 | -0.42 | -0.47 | -0.46 |
| Net Debt / EBITDA Ratio | -6.30 | -6.30 | -8.73 | -7.36 | -3.11 | -3.15 |
| Net Debt / FCF Ratio | -7.86 | -7.86 | -8.25 | 22.45 | -4.41 | -4.64 |
| Quick Ratio | 4.55 | 4.55 | 5.95 | 6.71 | 7.39 | 6.81 |
| Current Ratio | 9.02 | 9.02 | 11.56 | 11.98 | 11.91 | 12.00 |
| Asset Turnover | 0.39 | 0.39 | 0.40 | 0.33 | 0.33 | 0.46 |
| Return on Equity (ROE) | -8.21% | -8.21% | -5.63% | -2.21% | 9.98% | 11.28% |
| Return on Assets (ROA) | 2.74% | 2.74% | 1.87% | 2.30% | 6.78% | 6.58% |
| Return on Invested Capital (ROIC) | 6.03% | 5.86% | 3.89% | -19.40% | 10.44% | 10.66% |
| Earnings Yield | -3.85% | -7.83% | -7.04% | -2.29% | 4.91% | 3.37% |
| FCF Yield | 2.81% | 4.62% | 4.25% | -0.95% | 5.54% | 3.16% |
| Dividend Yield | 1.19% | 1.95% | 3.76% | 2.23% | 2.10% | 2.02% |
| Payout Ratio | 64.20% | 61.33% | ||||
| Total Shareholder Return | 1.19% | 1.95% | 3.76% | 2.23% | 2.10% | 2.02% |