Pragati Life Insurance declares 15% cash, 10% stock dividend for 2025

Pragati Life Insurance Limited has recommended a 15% cash dividend and a 10% stock dividend for the financial year ended 31 December, 2025, following a board review of its audited financial statements.

The announcement was made through a price-sensitive information disclosure published by the Dhaka Stock Exchange yesterday (21 June). Shareholders on record as of 14 July, 2026 will be eligible for the dividend, pending approval at Annual General Meeting (AGM). 

The company said the stock dividend has been recommended to support building construction and modernisation, increase paid-up capital, and facilitate further investments.

DSE also announced that there would be no price limit on the trading of the company's shares today following the corporate declaration.

Investor sentiment remained positive after the announcement, with the company's share price rising 2.64% to Tk186.90 on the Dhaka Stock Exchange yesterday. 

Alongside the dividend declaration, Pragati Life also released its unaudited financial results for the first quarter (January-March) of 2026. 

According to the life revenue account, the company's surplus, defined as the excess of total income over total expenses including claims, stood at Tk38.24 crore during the quarter, compared with Tk15.73 crore in the corresponding period of the previous year. This represents a year-on-year increase of approximately 143%.

The company's Life Insurance Fund also recorded significant growth. As of 31 March, 2026, the fund stood at Tk818.56 crore, compared with Tk674.87 crore a year earlier, reflecting an increase of about Tk143.69 crore.

In the first quarter (January- March) 2026, the company paid Tk100 crore out of Tk105 crore claims.

Established in 1996, Pragati Life Insurance is one of the oldest private-sector life insurers in Bangladesh. The company offers a range of life insurance products, including individual life policies, group insurance schemes, pension plans, and savings-based insurance products. It serves customers across the country through an extensive branch network.

Market observers say the dividend declaration sends a positive signal to shareholders. The strong growth in both quarterly surplus and the Life Insurance Fund indicates an improvement in the company's financial position. 

Amid increasing competition in the insurance sector, the robust growth in income and fund size is expected to strengthen investor confidence in the company's future prospects.

The proposed dividend, however, remains subject to approval by shareholders at the AGM and the necessary regulatory clearances.