People’s Insurance Q2 profit rises 91% on higher interest, rental income
The company said the improved earnings were driven by higher interest income, rental income and other operating income during the period.
People's Insurance Company Limited posted a sharp increase in earnings for the second quarter of 2026, driven by higher interest income, rental income and other operating income.
According to a disclosure filed with the Dhaka Stock Exchange (DSE) yesterday (26 July), the listed non-life insurer reported earnings per share (EPS) of Tk1.64 for the April-June quarter, up from Tk0.86 in the same period last year, marking a year-on-year increase of about 91%.
For the January-June period, EPS rose to Tk2.93, compared with Tk1.49 in the same period last year, representing a 97% year-on-year increase.
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The company said the improved earnings were driven by higher interest income, rental income and other operating income during the period.
Its net operating cash flow per share increased to Tk2.68 in the first six months of 2026 from Tk1.66 a year earlier.
Meanwhile, net asset value (NAV) per share rose to Tk40.88 as of 30 June 2026, from Tk36.30 a year earlier, indicating a stronger financial position.
Following the earnings announcement, People's Insurance shares gained 4.9% to close at Tk59.90 on the Dhaka Stock Exchange today (27 July).
The earnings growth comes as Bangladesh's insurance sector gradually recovers amid regulatory efforts to strengthen governance, improve claims settlement and restore investor confidence. While many insurers continue to grapple with weak underwriting margins and sluggish premium growth, stronger investment returns have helped boost the profitability of several companies.
Established in 1985, People's Insurance Company is one of Bangladesh's oldest private-sector non-life insurers. It offers a range of general insurance products, including fire, marine, motor, engineering and miscellaneous insurance, serving both corporate and individual clients.
The company operates through an extensive branch network across the country and relies on a combination of underwriting and investment income to support its profitability.
