City Insurance posts over 10pc profit growth

City Insurance posted a 10.53 per cent year-on-year increase in profit to Tk 231.76 million in 2025.
Its earnings per share (EPS) rose to Tk 3.40 last year from Tk 3.08 in the previous year.
The company reported generating a higher volume of business in 2025 compared to earlier years. It also paid lower agency commissions and earned higher investment income during the year, according to its financial statements for the first nine months of 2025.
The full-year financial data are yet to be published. As a result, the exact factors behind the annual profit growth could not be fully determined.
Established in 1996, City Insurance operates through branches across Bangladesh, including Dhaka, Chattogram and Sylhet, as well as other major cities. As a non-life insurance company, it offers a wide range of services, including fire, marine, motor, engineering and health insurance.
Following the latest disclosure, the company's share price rose 0.24 per cent to Tk 85.30 per share on Tuesday on the Dhaka Stock Exchange (DSE).
The price-to-earnings (P/E) ratio climbed to 25.09 on the DSE the same day.
According to data from the Insurance Development and Regulatory Authority (IDRA), the company maintained a claim settlement ratio of 94 per cent during the July-September period last year.
City Insurance has also achieved a "AAA" credit rating from Credit Rating Information and Services Limited (CRISL), reflecting strong financial stability.
Meanwhile, the board of directors has proposed a 10 per cent cash dividend for the year ended December last year.
The Annual General Meeting (AGM) is scheduled for March 30 and will be held on a virtual platform. The record date has been set for March 4.
For the year ended December last year, the company reported a net asset value (NAV) per share of Tk 23.24, up from Tk 21.15 in December 2024.

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