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Corporate - November 12, 2023

Income of 25 insurance companies decreased

Staff Correspondent: Out of 42 non-life insurance companies listed in the stock market, 41 companies have published unaudited financial reports in the third quarter (July-September’23). Out of this, 25 companies saw their income decline. Revenues of 14 companies increased and 2 companies remained unchanged during the same period. This information is known from DSE sources.
The companies with declining income are – Pragati Insurance Limited, Eastern Insurance Limited, Meghna Insurance Limited, Express Insurance Limited, Crystal Insurance Company Limited, Asia Insurance Limited, Karnaphuli Insurance Company Limited, Continental Insurance Limited, Central Insurance Company Limited, Pioneer Insurance Company Limited, Islami Commercial Insurance, Takaful Islami Insurance Company Limite, Mercantile Islami Insurance Limited, Bangladesh General Insurance Company (BGIC), Paramount Insurance Company Limited, Union Insurance Company Limited, Janata Insurance Company Limited, Federal Insurance Company Limited, Islami Insurance Company Limited, Asia Pacific General Insurance Company Limited, Northern Insurance Company Limited, Eastland Insurance Company Limited, Purvi General Insurance Company, Rupali Insurance Company Limited and Global Insurance Company Limited.
Among the companies Pragati Insurance Ltd., Pragati Insurance Ltd. has seen the largest decline in revenue. The company’s earnings per share (EPS) for the third quarter (July-September’23) was 36 paise. EPS was Tk 1.67 during the same period in the previous year as well. That is, compared to the same period of the previous year, the earnings per share decreased by Tk 1.31.
EPS of the company in the third quarter or 9 months (Jan-Sep’23) of the financial year is Tk 3.01. EPS was Tk 4.63 in the corresponding period of the previous financial year.
Eastern Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 59 paise. EPS was 88 paise in the same period last year. That is, compared to the same period of the previous year, the income per share has decreased by 29 paise
EPS of the company for the third quarter of the financial year or 9 months (Jan-Sep’23) is Tk 1.90. EPS was Tk 2.65 in the corresponding period of the previous financial year.
Meghna Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 11 paise. EPS was 24 paise in the same period last year. That is, compared to the same period of the previous year, the income per share has decreased by 13 paise
The company’s EPS for the third quarter of the fiscal year or 9 months (Jan-Sep’23) is Tk 1.8. EPS was 47 paise in the corresponding period of the previous financial year.
Express Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 29 paise. EPS was 38 paise per share in the corresponding period last year. That is, compared to the same period of the previous year, the earnings per share decreased by 9 paise
EPS of the company in the third quarter or 9 months (Jan-Sep’23) of the financial year is Tk 1.18. EPS was Tk 1.35 in the corresponding period of the previous financial year.
Crystal Insurance
In the third quarter of the period under discussion (July-September’23), the earnings per share (EPS) of the company was 52 paise. It was 71 paisa in the same period of the previous year. That is, compared to the same period of the previous year, the income per share has decreased by 19 paise
In the 9 months of the financial year (Jan-Sep’23) the EPS of the company has been Tk 2.31. Which was Tk 2.01 in the same period of the previous financial year.
Asia Insurance
Asia Insurance Limited Earnings per share (EPS) for the third quarter (July-September’23) of the company was Tk1.11. It was Tk 1.45 at the same time last year. That is, compared to the same period of the previous year, the income per share has decreased by 34 paise
In the 9 months or three quarters of the financial year (January-September’23), the company has earned Tk 2.54 per share. It was Tk 2.87 at the same time in the previous year.
Karnaphuli Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 37 paise. Which was 45 paisa in the same period of the previous financial year. That is, compared to the same period of the previous year, the earnings per share decreased by 8 paise
In the third quarter of the financial year or 9 months (Jan-Sep’23) the EPS of the company was Tk 1.43. Which was Tk 1.65 in the same period of the previous financial year.
Continental Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 66 paise. Which was 68 paisa in the same period of the previous financial year. That is, compared to the same period of the previous year, the income per share has decreased by 2 paise.
In the third quarter of the financial year or 9 months (Jan-Sep’23) the EPS of the company was Tk 1.74. Which was Tk 1.72 in the same period of the previous financial year.
Central Insurance
In the third quarter of the period under discussion (July’23-September’23), the company earned 67 paisa per share. It was 69 paise at the same time last year. That is, compared to the same period of the previous year, the income per share has decreased by 2 paise.
On the other hand, in 9 months (January, 22-September, 23) the company earned Tk 1.72 per share. Which was Tk 1.94 at the same time last year.
Pioneer Insurance
In the third quarter (July’23-September’23) the company earned 92 paise per share. At the same time last year, it was Tk 1.13. That is, compared to the same period of the previous year, the income per share has decreased by 21 paise.
On the other hand, in 9 months (January, 22-September, 23) the earnings per share of the company was Tk 4.04. Which was Tk 4.34 at the same time last year.
Islamic Commercial Insurance
In the third quarter (July’23-September’23) the company earned 18 paise per share. It was 58 paise at the same time last year. That is, compared to the same period of the previous year, the income per share has decreased by 40 paise.
On the other hand, in 9 months (January 22-September 23) the company earned 69 paisa per share. Which was Tk 1.05 paisa at the same time last year.
Takaful Islami Insurance
In the third quarter (July’23-September’23) the company earned 41 paisa per share. The company earned 49 paise per share during the same period last year. That is, compared to the same period of the previous year, the earnings per share decreased by 8 paise.
In the first three quarters of the accounting year i.e. in 9 months (January’23-September’23) the EPS of the company has been Tk 1.10. It was Tk 1.19 at the same time last year.
Mercantile Islami Insurance
The company’s earnings per share (EPS) for the third quarter (July’23-September’23) was 10 paise. EPS was 17 paise in the corresponding period of the previous fiscal. That is, compared to the same period of the previous year, the income per share has decreased by 7 paise.
In the first three quarters of the financial year or 9 months (Jan-Sep’23), the EPS of the company has been Tk 1.05. It was Tk 1.26 in the same period of the previous financial year.
BGIC
Bangladesh General Insurance Company (BGIC) reported earnings per share (EPS) of 30 paise in the third quarter (July-September’23). It was 31 paisa in the same period of the previous year. That is, compared to the same period of the previous year, the income per share has decreased by 1 paise.
EPS of the company for the third quarter or 9 months (Jan-Sep’23) of the financial year is Tk 1.57. Which was Tk 1.56 in the same period of the previous financial year.
Paramount Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 23 paise. It was 50 paise during the same period of the previous year. That is, compared to the same period of the previous year, the income per share has decreased by 27 paise.
EPS of the company for the third quarter or 9 months (Jan-Sep’23) of the financial year is Tk 1.34. Which was Tk 2 in the same period of the previous financial year.
Union Insurance
Union Insurance Company Limited Earnings per share (EPS) for the third quarter (July-September’23) of the company was Tk .013. It was 80 paise during the same period of the previous year. That is, compared to the same period of the previous year, the income per share has decreased by 67 paise.
The EPS of the company for the third quarter or 9 months (Jan-Sep’23) of the financial year is Tk 0.83. Which was Tk 1.81 in the same period of the previous financial year.
Janata Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 17 paise. It was 25 paisa at the same time last year. That is, compared to the same period of the previous year, the earnings per share decreased by 8 paise.
EPS of the company in the third quarter or 9 months (Jan-Sep’23) of the financial year is Tk1.31. Which was Tk 1.18 in the same period of the previous financial year.
Federal Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 25 paise. It was 37 paise during the same period of the previous year. That is, compared to the same period of the previous year, the earnings per share decreased by 8 paise.
The company’s EPS for the third quarter or 9 months (Jan-Sep’23) is 96 paise. Which was Tk 1.02 paisa in the same period of the previous financial year.
Islami Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 62 paise. It was 69 paisa in the same period of the previous year. That is, compared to the same period of the previous year, the income per share has decreased by 7 paise.
The company’s EPS for the third quarter or 9 months (Jan-Sep’23) of the financial year is Tk1.92. Which was Tk 1.95 in the same period of the previous financial year.
Asia Pacific General Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 44 paise. It was 50 paise during the same period of the previous year. That is, compared to the same period of the previous year, the income per share has decreased by 6 paise.
In the third quarter of the financial year or 9 months (Jan-Sep’23) the EPS of the company is Tk 0.48. Which was Tk 2.52 in the same period of the previous financial year.
Northern Insurance Company
Northern Insurance Company Limited has reported earnings per share (EPS) of 51 paise in the third quarter (July-September’23). EPS in the same period last year was 53 paise. That is, compared to the same period of the previous year, the income per share has decreased by 2 paise.
EPS of the company for the third quarter or 9 months (Jan-Sep’23) of the financial year is Tk 1.52. EPS was Tk 1.51 in the corresponding period of the previous financial year.
Eastland Insurance
The company’s earnings per share (EPS) for the third quarter (July-September’23) was 13 paise. EPS in the same period last year was 30 paise. That is, compared to the same period of the previous year, the income per share has decreased by 17 paise.
The company’s EPS for the third quarter or 9 months (Jan-Sep’23) is 91 paise. EPS was Tk 1.10 in the corresponding period of the previous financial year.
Purbi General Insurance
Purbi General Insurance Company reported earnings per share (EPS) of 29 paise in the third quarter (July-September’23). It was 46 paisa in the same period of the previous year. That is, compared to the same period of the previous year, the income per share has decreased by 17 paise.
The company’s EPS for the third quarter or 9 months (Jan-Sep’23) is 76 paise. Which was Tk 1.05 in the same period of the previous financial year.
Rupali Insurance
Rupali Insurance Company Limited’s earnings per share (EPS) for the third quarter (July-September’23) has been 30 paise. EPS was 66 paise in the same period last year. That is, compared to the same period of the previous year, the income per share has decreased by 36 paise.
EPS of the company for the third quarter of the fiscal year or 9 months (Jan-Sep’23) is Tk 1.06. EPS was Tk 1.41 in the corresponding period of the previous financial year.
Global Insurance
Global Insurance Company Limited has reported earnings per share (EPS) of 34 paise in the third quarter. EPS was 37 paise during the same period last year. That is, compared to the same period of the previous year, the income per share has decreased by 3 paise.
In the third quarter of the current financial year (July’22-March’23) the company has earned 94 paise per share. During the same period last year, the earnings per share were Tk 1.22.

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