Prime Life declares 0.25% cash dividend
Alongside the dividend declaration, the company also disclosed its consolidated financial performance for the January-March 2026 period
Prime Islami Life Insurance has recommended a 0.25% cash dividend for the financial year ended 31 December, 2025, according to a disclosure filed by the company today (16 June).
In the previous year, the life insurer did not pay any dividend for their shareholders.
The board of directors approved the dividend proposal in its recent meeting, along with other financial updates of the insurer. The Annual General Meeting (AGM) is scheduled to be held on 17 September 2026.
Keep updated, follow The Business Standard's Google news channel
The meeting will be conducted in a hybrid system, allowing both physical and virtual participation.
The company also set 16 July 2026 as the record date for entitlement of shareholders to receive the declared dividend.
The share price of the insurer increased by 5.42% to Tk44.70 on the Dhaka Stock Exchange today (16 June).
In line with regulatory practice following corporate declarations, there will be no price limit on the trading of Prime Islami Life Insurance shares on 16 June 2026. This means the stock may experience higher volatility during the trading session as investors react to the dividend announcement and financial disclosures.
Alongside the dividend declaration, the company also disclosed its consolidated financial performance for the January-March 2026 period.
During the quarter, Prime Islami Life Insurance reported an excess of total expenses, including claims, over total income (deficit) amounting to Tk57.67 crore.
In the corresponding period of 2025, the deficit stood higher at Tk74.45 crore, indicating a partial improvement in operational performance year-on-year.
The life insurance fund of the company also showed marginal growth. As of 31 March 2026, the fund stood at Tk682.03 crore, compared to Tk674.74 crore in the same period of the previous year.
This reflects a net increase of Tk7.30 crore, suggesting a slight strengthening in the company's underlying financial position despite ongoing losses in operational accounts.
Market analysts note that while the dividend payout is minimal, the improvement in fund position may signal gradual stabilization in the company's long-term insurance portfolio. However, the continued deficit in consolidated accounts highlights persistent pressure from claims and operational costs, which remain key challenges for the insurer.
