Two listed non-life insurance companies, Bangladesh National Insurance Company and Central Insurance Company, have announced cash dividends for the financial year ended 31 December 2025, following improvements in earnings and net asset values. While both insurers reported growth in key profitability indicators, their cash flow performances moved in different directions.
Bangladesh National Insurance Company has recommended a 22 per cent cash dividend for shareholders. The company is scheduled to hold its annual general meeting (AGM) on 23 June 2026 through a digital platform. The record date for determining shareholder eligibility was set for 13 May 2026.
Despite a decline in its share price on the Dhaka Stock Exchange (DSE), the insurer reported stronger financial results for 2025. Its share price fell by 1.66 per cent to Tk70.90 during Thursday’s trading session. However, earnings per share (EPS) increased to Tk4.81, compared with Tk4.19 in the previous year. Net asset value (NAV) per share also rose to Tk31.26 from Tk28.45, indicating growth in both profitability and shareholder equity.
The company’s cash flow position, however, weakened during the period. Net operating cash flow per share (NOCFPS) declined significantly to Tk4.10 from Tk6.71 in 2024, suggesting lower cash generation from its core business operations despite improved earnings.
Bangladesh National Insurance operates across a broad range of general insurance segments, including fire, motor, marine, engineering, personal accident, contractor all risk, industrial all risk and health insurance.
Meanwhile, Central Insurance Company recommended a 12 per cent cash dividend for the same financial year. Its AGM is scheduled to be held on 18 June 2026 through a digital platform, while the record date was fixed for 20 May 2026.
The insurer’s share price edged down by 0.25 per cent to Tk40.40 on the DSE on Thursday. Financial results showed modest but positive growth. EPS increased to Tk1.87 from Tk1.85 a year earlier, while NAV per share improved to Tk50.69 from Tk50.17.
In contrast to Bangladesh National Insurance, Central Insurance recorded a slight improvement in operating cash flow. Its NOCFPS rose to Tk1.64 in 2025 from Tk1.50 in the previous year, reflecting a modest strengthening of cash generation from business operations.
The company’s insurance portfolio covers fire, marine cargo, marine hull, engineering, motor, liability, aviation, overseas mediclaim and other miscellaneous insurance products.
Financial Performance Comparison
| Indicator | Bangladesh National Insurance (2025) | Bangladesh National Insurance (2024) | Central Insurance (2025) | Central Insurance (2024) |
|---|---|---|---|---|
| Cash Dividend | 22% | — | 12% | — |
| EPS (Tk) | 4.81 | 4.19 | 1.87 | 1.85 |
| NAV per Share (Tk) | 31.26 | 28.45 | 50.69 | 50.17 |
| NOCFPS (Tk) | 4.10 | 6.71 | 1.64 | 1.50 |
| Share Price (Thursday) | Tk70.90 | — | Tk40.40 | — |
| Share Price Change | -1.66% | — | -0.25% | — |
Market analysts said both insurers maintained operational stability, as reflected in the continued growth of earnings per share and net asset value. They noted, however, that the contrasting trends in operating cash flow warrant closer attention, particularly in the case of Bangladesh National Insurance, where cash generation declined despite stronger earnings.
According to analysts, profitability remains positive for both companies, but the sustainability of operating cash flows will remain an important factor in evaluating their long-term financial strength and liquidity position.