Pragati Life Insurance PLC reported a sharp rise in its first-quarter surplus for 2026, driven by stronger performance in its core life insurance operations, alongside a proposed combined 25 per cent dividend for the year ended 31 December 2025.
The insurer’s corrected unaudited results for the January–March period showed that the excess of total income over total expenses, including claims, stood at Tk38.24 crore, up from Tk15.73 crore in the same quarter of 2025.
The surplus therefore rose 143 per cent year-on-year, reflecting improved underwriting and operational performance.
The company’s Life Insurance Fund also expanded significantly, reaching Tk818.56 crore at the end of March 2026, compared with Tk674.87 crore a year earlier. The fund increased by Tk143.69 crore during the period, underscoring continued growth in the insurer’s long-term policy liabilities and asset base.
Alongside the quarterly results, the board recommended a 15 per cent cash dividend and a 10 per cent stock dividend for shareholders for the year ended 31 December 2025. The company said the stock dividend has been proposed to support business modernisation and expansion activities, including building construction, while strengthening the paid-up capital base and enabling future investment capacity.
Pragati Life has scheduled its annual general meeting for 13 August 2026, while the record date for shareholders has been set for 14 July 2026.
Following the corporate announcement, the Dhaka Stock Exchange said no price limit would apply to the company’s shares on 22 June.
Pragati Life shares, with a face value of Tk10, closed 2.64 per cent higher at Tk186.90 on the Dhaka Stock Exchange on Monday.
