The 453rd meeting of the Board of Directors of People’s Insurance PLC was held last Thursday at the company’s head office, presided over by Chairman Zafar Ahmed Patwari.
Vice-Chairman Md Anwarul Haque and Directors Amir Humayun Mahmud Chowdhury, Mohammad Ali Hossain, Farhad Ahmed Akand, Kabir Ahmed, Farzana Jahan Ahmed, Saiful Arefin Khaled, Mohammad Mahbubur Rahman Patwari, Md Azizul Haque, Jotsna Ara Begum, Mohammad Mizan Victor Mohsin and Nuved Mizan Iqbal were present.
Independent Directors Dilshad Ahmed, Rubaiyat Ara FCA and MMG Sarwar also attended, along with the company’s consultant, chief executive officer, chief financial officer, company secretary and head of Internal Audit and Compliance, reads a press release.
The Board approved the audited financial statements for the year ended 31 December 2025, as recommended by the Audit Committee.
According to the financials, profit after tax rose to Tk 19.37 crore in 2025 from Tk 13.11 crore a year earlier.
Earnings per share (EPS) increased to Tk4.19 from Tk 2.84.
Based on the performance, the Board declared a 10.50 percent cash dividend for the year, amounting to Tk 4.85 crore, equivalent to Tk 1.05 per share.
The remaining profit will be transferred to reserves and future investment funds in compliance with regulatory requirements.
Net asset value (NAV) per share rose to Tk37.95 in 2025 from Tk34.81 in 2024, while net operating cash flow per share (NOCFPS) improved to Tk5.24 from Tk3.66.
The Board announced that the 41st Annual General Meeting (AGM) will be held on 24 June 2026, through a digital platform.
The Board of Directors’ Report for 2025 was also approved. The Board also approved the unaudited financial statements for the first quarter (January–March) of 2026.
Consolidated EPS stood at Tk 1.29, compared to Tk 0.63 in the same period last year. NAV per share increased to Tk 39.24 from Tk 35.44, while NOCFPS rose to Tk 0.93 from Tk 0.78 year-on-year.
The Board expressed optimism about continued growth, citing improved financial performance and strategic investments.
