DSE : UNIONINS
Union Insurance Co. Ltd. — Financial statements
Fire, Marine, and Casualty Insurance · Bangladesh
Last price 44.7 BDT (At close: Oct 28, 2026) · Market cap 2.16B
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 616.91M | 721.09M | 660.42M | 599.79M | 583.13M | 605.72M |
| Total Interest & Dividend Income | 13.11M | 16.76M | 14.36M | 14.44M | 14.78M | 12.43M |
| Gain (Loss) on Sale of Investments | -27.45M | -27.45M | -14.14M | 2.69M | -10.55M | 3.85M |
| Other Revenue | 3.53M | 8.38M | 5.90M | 17.09M | 25.81M | 19.25M |
| Total Revenue | 606.11M | 718.79M | 666.54M | 634.02M | 613.17M | 641.25M |
| Policy Benefits | -139.14M | -11.57M | 82.23M | 77.24M | 115.60M | 189.51M |
| Policy Acquisition & Underwriting Costs | 108.77M | 108.77M | 113.87M | 107.42M | 102.84M | 39.76M |
| Depreciation & Amortization | 9.80M | 9.80M | 12.12M | 15.87M | 26.31M | 36.71M |
| Selling, General & Administrative | 240.46M | 240.46M | 208.59M | 196.60M | 198.60M | 171.12M |
| Other Operating Expenses | 100.00K | |||||
| Total Operating Expenses | 219.90M | 347.46M | 416.81M | 397.13M | 443.57M | 438.23M |
| Operating Income | 386.21M | 371.32M | 249.73M | 236.88M | 169.60M | 203.01M |
| Interest Expense | -247.32K | -247.32K | -208.79K | -417.59K | -591.00K | -4.21M |
| Other Non Operating Income (Expenses) | 1.00 | -4.42M | ||||
| EBT Excluding Unusual Items | 385.96M | 371.08M | 249.52M | 236.47M | 169.01M | 194.39M |
| Gain (Loss) on Sale of Assets | 1.73M | 1.73M | 4.70M | 2.74M | 298.48K | |
| Pretax Income | 387.70M | 372.81M | 254.22M | 236.47M | 171.75M | 194.69M |
| Income Tax Expense | 17.60M | 7.21M | 10.77M | 12.36M | 6.07M | 1.62M |
| Net Income | 370.10M | 365.60M | 243.45M | 224.11M | 165.67M | 193.07M |
| Preferred Dividends & Other Adjustments | 273.87M | 273.87M | 153.13M | 136.61M | 79.87M | 147.01M |
| Net Income to Common | 96.23M | 91.73M | 90.32M | 87.50M | 85.80M | 46.06M |
| Shares Outstanding (Basic) | 48.43M | 48.40M | 48.40M | 48.40M | 48.40M | 48.40M |
| Shares Outstanding (Diluted) | 48.43M | 48.40M | 48.40M | 48.40M | 48.40M | 48.40M |
| EPS (Basic) | 1.99 | 1.90 | 1.87 | 1.81 | 1.77 | 0.95 |
| EPS (Diluted) | 1.99 | 1.90 | 1.87 | 1.81 | 1.77 | 0.95 |
| Free Cash Flow | 74.59M | 42.71M | 36.72M | 5.63M | -16.64M | -94.52K |
| Free Cash Flow Per Share | 1.54 | 0.88 | 0.76 | 0.12 | -0.34 | -0.00 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.50 |
| Operating Margin | 63.72% | 51.66% | 37.47% | 37.36% | 27.66% | 31.66% |
| Profit Margin | 15.88% | 12.76% | 13.55% | 13.80% | 13.99% | 7.18% |
| Free Cash Flow Margin | 12.31% | 5.94% | 5.51% | 0.89% | -2.71% | -0.01% |
| EBITDA | 398.51M | 381.05M | 261.85M | 252.75M | 184.30M | 226.96M |
| EBITDA Margin | 65.75% | 53.01% | 39.28% | 39.87% | 30.06% | 35.39% |
| D&A For EBITDA | 12.30M | 9.73M | 12.12M | 15.87M | 14.71M | 23.94M |
| EBIT | 386.21M | 371.32M | 249.73M | 236.88M | 169.60M | 203.01M |
| EBIT Margin | 63.72% | 51.66% | 37.47% | 37.36% | 27.66% | 31.66% |
| Effective Tax Rate | 4.54% | 1.93% | 4.24% | 5.23% | 3.54% | 0.83% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Equity & Preferred Securities | 38.67M | 61.09M | 89.40M | 88.34M | 7.34M | |
| Other Investments | 87.89M | |||||
| Total Investments | 87.89M | 38.67M | 61.09M | 89.40M | 88.34M | 7.34M |
| Cash & Equivalents | 103.04M | 81.99M | 115.01M | 160.24M | 207.40M | 385.26M |
| Reinsurance Recoverable | 968.03M | 803.94M | 475.27M | 340.28M | ||
| Other Receivables | 1.44B | 6.23M | 13.13M | 642.05M | 9.33M | 4.27M |
| Property, Plant & Equipment | 121.14M | 126.34M | 128.20M | 141.46M | 152.75M | 164.90M |
| Other Intangible Assets | 70.07K | 140.14K | 280.29K | 395.10K | 688.00K | |
| Other Current Assets | 1.63M | 449.70M | 445.30M | 440.80M | 426.20M | 338.80M |
| Other Long-Term Assets | 59.00M | 25.00M | 25.00M | 25.00M | 25.00M | |
| Total Assets | 1.75B | 1.73B | 1.59B | 1.50B | 1.38B | 1.27B |
| Accrued Expenses | 77.17M | 71.47M | 61.39M | 58.16M | 37.94M | |
| Insurance & Annuity Liabilities | 328.72M | 289.25M | 264.23M | 252.93M | 263.95M | |
| Unpaid Claims | 38.59M | 61.49M | 81.18M | 82.22M | 56.91M | |
| Unearned Premiums | 18.94M | 18.04M | 12.86M | 6.93M | 1.92M | |
| Reinsurance Payable | 130.84M | 51.20M | 8.52M | 8.42M | 8.24M | |
| Current Income Taxes Payable | 168.17M | 161.10M | 150.34M | 138.10M | 127.37M | |
| Long-Term Debt | 2.08M | 23.71M | 6.78M | |||
| Long-Term Leases | 9.69M | 13.44M | 14.27M | 11.75M | 15.75M | |
| Long-Term Deferred Tax Liabilities | 139.40K | 198.91K | 96.36K | 127.81K | 4.78M | |
| Other Current Liabilities | 764.13M | 26.76M | 35.99M | 37.03M | 12.87M | 3.17M |
| Other Long-Term Liabilities | -1.00 | 1.00 | ||||
| Total Liabilities | 764.13M | 799.03M | 704.26M | 653.63M | 578.29M | 521.75M |
| Common Stock | 484.02M | 484.02M | 484.02M | 484.02M | 484.02M | 484.02M |
| Retained Earnings | 485.76M | 425.04M | 379.14M | 334.49M | 292.28M | 227.33M |
| Comprehensive Income & Other | 20.84M | 21.94M | 24.38M | 27.09M | 30.10M | 33.44M |
| Shareholders' Equity | 990.63M | 931.00M | 887.54M | 845.60M | 806.40M | 744.80M |
| Total Liabilities & Equity | 1.75B | 1.73B | 1.59B | 1.50B | 1.38B | 1.27B |
| Filing Date Shares Outstanding | 48.40M | 48.40M | 48.40M | 48.40M | 48.40M | 48.40M |
| Total Common Shares Outstanding | 48.40M | 48.40M | 48.40M | 48.40M | 48.40M | 48.40M |
| Total Debt | 9.69M | 15.51M | 37.98M | 18.53M | 15.75M | |
| Net Cash (Debt) | 103.04M | 72.29M | 99.49M | 122.26M | 188.87M | 369.51M |
| Net Cash Per Share | 2.13 | 1.49 | 2.06 | 2.53 | 3.90 | 7.63 |
| Book Value Per Share | 20.47 | 19.23 | 18.34 | 17.47 | 16.66 | 15.39 |
| Tangible Book Value | 990.63M | 930.93M | 887.40M | 845.32M | 806.00M | 744.11M |
| Tangible Book Value Per Share | 20.47 | 19.23 | 18.33 | 17.46 | 16.65 | 15.37 |
| Buildings | 189.32M | 189.32M | 189.32M | 189.32M | 189.32M | |
| Machinery | 145.63M | 150.26M | 157.98M | 156.86M | 166.08M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 425.22M | 365.60M | 243.45M | 224.11M | 165.67M | 193.07M |
| Depreciation & Amortization | 16.50M | 9.73M | 12.12M | 15.87M | 26.31M | 36.71M |
| Other Amortization | 70.07K | 70.07K | ||||
| Gain (Loss) on Sale of Assets | 1.73M | 1.73M | 4.70M | -2.74M | -298.48K | |
| Gain (Loss) on Sale of Investments | -27.10M | -27.45M | -14.14M | 2.69M | -10.55M | -3.85M |
| Change in Accounts Receivable | -97.71M | -118.07M | -101.26M | -35.98M | -48.23M | -5.26M |
| Change in Unearned Revenue | 6.51M | 906.18K | 5.17M | 5.93M | 5.01M | -260.73K |
| Change in Income Taxes | -9.82M | -5.12M | -7.43M | -18.19M | -11.24M | |
| Change in Insurance Reserves / Liabilities | -48.67M | -22.90M | -19.68M | -1.05M | 25.32M | 44.41M |
| Change in Other Net Operating Assets | 85.02M | 121.29M | 56.27M | -32.60M | -4.19M | 34.90M |
| Other Operating Activities | -270.35M | -268.61M | -142.37M | -124.37M | -81.19M | -199.95M |
| Operating Cash Flow | 81.32M | 57.01M | 36.85M | 36.17M | 64.40M | 99.87M |
| Capital Expenditures | -6.74M | -14.30M | -130.10K | -30.54M | -81.03M | -99.96M |
| Sale of Property, Plant & Equipment | 4.70M | 410.00K | ||||
| Investment in Securities | -34.76M | -17.54M | -9.19M | -25.81M | -142.62M | 2.80M |
| Other Investing Activities | 12.00M | -4.52M | ||||
| Investing Cash Flow | -33.43M | -31.85M | -12.18M | -59.21M | -228.09M | -96.75M |
| Total Debt Repaid | -19.91M | |||||
| Net Debt Issued (Repaid) | -19.91M | |||||
| Issuance of Common Stock | 193.61M | |||||
| Common Dividends Paid | -46.36M | -58.18M | -49.99M | -24.12M | -14.16M | -98.58K |
| Financing Cash Flow | -46.36M | -58.18M | -69.90M | -24.12M | -14.16M | 193.51M |
| Miscellaneous Cash Flow Adjustments | 1.00 | 1.00 | -1.00 | |||
| Net Cash Flow | 1.53M | -33.02M | -45.24M | -47.16M | -177.86M | 196.63M |
| Free Cash Flow | 74.59M | 42.71M | 36.72M | 5.63M | -16.64M | -94.52K |
| Free Cash Flow Margin | 12.31% | 5.94% | 5.51% | 0.89% | -2.71% | -0.01% |
| Free Cash Flow Per Share | 1.54 | 0.88 | 0.76 | 0.12 | -0.34 | -0.00 |
| Levered Free Cash Flow | 199.92M | 127.01M | 36.40M | 5.69M | -105.39M | -8.54M |
| Unlevered Free Cash Flow | 200.07M | 127.16M | 36.53M | 5.95M | -105.02M | -5.91M |
| Cash Income Tax Paid | 8.37M | 5.12M | 7.43M | 18.19M | 11.24M | 9.15M |
| Change in Working Capital | -64.75M | -24.07M | -66.92M | -82.13M | -33.11M | 74.19M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.15B | 1.78B | 1.32B | 2.72B | 1.81B | |
| Enterprise Value | 2.05B | 1.68B | 1.19B | 2.54B | 1.56B | |
| PE Ratio | 22.39 | 19.36 | 14.58 | 31.03 | 21.04 | |
| PS Ratio | 3.55 | 2.47 | 1.98 | 4.28 | 2.94 | |
| PB Ratio | 2.17 | 1.91 | 1.48 | 3.21 | 2.24 | |
| P/FCF Ratio | 28.88 | 41.59 | 35.86 | 482.36 | ||
| P/OCF Ratio | 26.49 | 31.16 | 35.73 | 75.08 | 28.04 | |
| EV/Sales Ratio | 3.38 | 2.33 | 1.78 | 4.01 | 2.54 | |
| EV/EBITDA Ratio | 5.15 | 4.40 | 4.53 | 10.06 | 8.46 | |
| EV/EBIT Ratio | 5.31 | 4.51 | 4.75 | 10.74 | 9.20 | |
| EV/FCF Ratio | 27.50 | 39.25 | 32.32 | 451.84 | ||
| Debt / Equity Ratio | 0.01 | 0.02 | 0.04 | 0.02 | 0.02 | |
| Debt / EBITDA Ratio | 0.03 | 0.06 | 0.15 | 0.09 | 0.07 | |
| Debt / FCF Ratio | 0.23 | 0.42 | 6.75 | |||
| Net Debt / Equity Ratio | -0.10 | -0.08 | -0.11 | -0.14 | -0.23 | -0.50 |
| Net Debt / EBITDA Ratio | -0.26 | -0.19 | -0.38 | -0.48 | -1.02 | -1.63 |
| Net Debt / FCF Ratio | -1.38 | -1.69 | -2.71 | -21.72 | 11.35 | 3,909.51 |
| Quick Ratio | 2.02 | 0.18 | 0.29 | 2.25 | 0.68 | 1.64 |
| Current Ratio | 2.02 | 3.27 | 3.45 | 3.54 | 3.65 | 4.54 |
| Asset Turnover | 0.36 | 0.43 | 0.43 | 0.44 | 0.46 | 0.58 |
| Return on Equity (ROE) | 38.29% | 40.21% | 28.09% | 27.13% | 21.36% | 30.89% |
| Return on Assets (ROA) | 14.42% | 13.97% | 10.10% | 10.27% | 8.00% | 11.39% |
| Return on Invested Capital (ROIC) | 37.73% | 39.50% | 26.77% | 26.28% | 20.64% | 31.54% |
| Earnings Yield | 4.47% | 20.58% | 18.49% | 8.25% | 9.18% | |
| FCF Yield | 3.46% | 2.40% | 2.79% | 0.21% | -0.92% | |
| Dividend Yield | 2.25% | 2.73% | 3.68% | 1.78% | 2.68% | |
| Payout Ratio | 12.53% | 15.92% | 20.53% | 10.76% | 8.54% | 0.05% |
| Buyback Yield / Dilution | -0.14% | -66.67% | ||||
| Total Shareholder Return | 2.11% | 2.73% | 3.68% | 1.78% | 2.68% | -66.67% |