Asia Insurance Limited has announced a 10% cash dividend for the year ended December 31, 2024, reflecting a stable performance in a challenging market environment.
The decision was approved at a meeting of the Board of Directors and is subject to final endorsement at the company’s upcoming Annual General Meeting (AGM), scheduled to be held on August 26, 2025 at 12:00 PM via a digital platform.
The record date for determining shareholders’ eligibility to receive the dividend has been set for July 29, 2025.
According to the company’s financial disclosures, Asia Insurance reported an earnings per share (EPS) of Tk. 2.06 for the year ended December 31, 2024, marginally higher than Tk. 2.02 reported in the previous year. The company also reported a net asset value (NAV) per share of Tk. 29.63, up from Tk. 27.40 in 2023, indicating an improvement in shareholders’ equity.
Notably, the net operating cash flow per share (NOCFPS) rose to Tk. 3.47 from Tk. 2.70 a year earlier, suggesting stronger cash generation from the company’s core insurance operations.
The dividend announcement and consistent earnings growth come amid a period of heightened economic uncertainty and inflationary pressures that have affected the financial services sector. Despite this, Asia Insurance has demonstrated resilience, maintaining a decent profitability to deliver value to its shareholders.
Analysts view the cash dividend and incremental rise in key financial metrics as a sign of management’s commitment to sustaining performance while navigating regulatory and market changes. The company’s ability to grow its NAV and operating cash flows year-on-year further underlines its financial soundness heading into FY2025.
Shareholders and investors will be watching closely as the company outlines its strategy and outlook during the upcoming AGM.