Agrani Insurance posts record-low profit in 2025 as fire claims soar

Agrani Insurance Company has reported a profit of Tk 6.5 million in 2025, lowest since its stock market listing, owing to lower premium income and higher claim settlement costs amid a challenging business environment.
The general insurer's profit plunged 88 per cent year-on-year in 2025, according to a disclosure filed on the Dhaka Stock Exchange on Monday.
The consolidated earnings per share (EPS) fell to Tk 0.18 for the year, significantly down from Tk 1.45 in the previous year, due mainly to higher claim expenses in the third quarter after several fire incidents.
Amid lower premium income, claim expenses increased in the July-September quarter last year, resulting in a loss per share of Tk 0.32 during the period, the company said.
The company's fire claim expenses jumped 179 per cent year-on-year to Tk 40.23 million in the nine months through September last year, according to its financial statements.
Following the steep decline in profit, the board decided not to pay any dividend for the year. In 2024, the company had provided a 6 per cent cash dividend and a 6 per cent stock dividend to its shareholders.
The final approval of the dividend decision will come at the company's annual general meeting (AGM), scheduled for May 14, while the record date has been fixed for April 15.
The company's consolidated net operating cash flow per share stood at Tk 0.96 for the year as against Tk 0.58 for the year before. Its consolidated net asset value (NAV) per share stood at Tk 19.42 as against Tk 20.10 for the previous year.
Meanwhile, the stock traded at Tk 21.2 per share on Monday on the Dhaka Stock Exchange, unchanged from the previous session.
The board of directors of Agrani Insurance has failed to secure 30 per cent joint minimum shareholding required by the securities laws.
Currently, sponsor-directors hold a 27.75 per cent stake in the company, according to the Dhaka bourse.

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