Pragati Insurance posts 24% growth in Q2 earnings

The listed non-life insurer’s EPS rose to Tk1.52 for the April-June quarter, up from Tk1.23 in the corresponding period a year earlier.

Pragati Insurance has reported a 23.57% year-on-year increase in earnings per share (EPS) for the second quarter of 2026, driven by higher operating and other income.

According to a disclosure published today (20 July), the listed non-life insurer’s EPS rose to Tk1.52 for the April-June quarter, up from Tk1.23 in the corresponding period a year earlier.

For the first six months of 2026, the company’s EPS climbed 37.6% to Tk3.11, compared with Tk2.26 in the January-June period of 2025.

The insurer also reported a sharp improvement in its net operating cash flow per share (NOCFPS), which increased to Tk2.00 during the first half of 2026. The company attributed the growth to higher premium collections and increased other income.

Its net asset value (NAV) per share stood at Tk54.43 as of 30 June 2026, compared with Tk55.69 at the end of December 2025.

For the full year of 2025, Pragati Insurance posted a net profit of Tk41.88 crore, with an EPS of Tk5.31. The company rewarded shareholders with a 27% cash dividend.

Despite the strong earnings growth, the company’s share price fell 2.93% to Tk76.30 on the Dhaka Stock Exchange (DSE) on Monday.

As of June 2026, sponsor-directors held 40.13% of the company’s shares, institutional investors owned 23.83%, while the general public held the remaining 36.04%.

Source: The Business Standard