Announcement • May 05
Federal Insurance PLC announces Annual dividend, payable on September 16, 2026 Federal Insurance PLC announced Annual dividend of BDT 1.0000 per share payable on September 16, 2026, ex-date on June 17, 2026 and record date on June 16, 2026. Announcement • May 04
Federal Insurance PLC, Annual General Meeting, Aug 17, 2026 Federal Insurance PLC, Annual General Meeting, Aug 17, 2026, at 11:00 Central Asia Standard Time. Announcement • Oct 27
Federal Insurance PLC to Report Q3, 2025 Results on Oct 30, 2025 Federal Insurance PLC announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 23
Federal Insurance PLC to Report Q2, 2025 Results on Jul 29, 2025 Federal Insurance PLC announced that they will report Q2, 2025 results on Jul 29, 2025 Announcement • May 01
Federal Insurance PLC announces Annual dividend, payable on September 14, 2025 Federal Insurance PLC announced Annual dividend of BDT 1.0000 per share payable on September 14, 2025, ex-date on June 17, 2025 and record date on June 16, 2025. Announcement • Apr 30
Federal Insurance PLC, Annual General Meeting, Aug 14, 2025 Federal Insurance PLC, Annual General Meeting, Aug 14, 2025, at 11:00 Central Asia Standard Time. Location: hybrid system, i.e. combination of physical presence, at muktijuddho srmity milonayaton (1st floor), ideb bhaban, 160/a kakrail, Bangladesh Announcement • Apr 24
Federal Insurance PLC to Report Q1, 2025 Results on Apr 29, 2025 Federal Insurance PLC announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Nov 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 206% Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Revenue is less than US$5m (৳499m revenue, or US$4.2m). Market cap is less than US$100m (৳1.30b market cap, or US$10.8m). Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ৳17.30, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 16x in the Insurance industry in Bangladesh. Total loss to shareholders of 44% over the past three years. Announcement • Oct 24
Federal Insurance Company Limited to Report Q3, 2024 Results on Oct 28, 2024 Federal Insurance Company Limited announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Oct 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.11b (US$9.23m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 287% Market cap is less than US$10m (৳1.11b market cap, or US$9.23m). Minor Risk Revenue is less than US$5m (৳505m revenue, or US$4.2m). Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ৳15.60, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 15x in the Insurance industry in Bangladesh. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ৳24.70, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 22x in the Insurance industry in Bangladesh. Total loss to shareholders of 22% over the past three years. Upcoming Dividend • Jun 04
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 15 September 2024. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Bangladeshi dividend payers (4.4%). Higher than average of industry peers (3.2%). New Risk • May 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (৳436m revenue, or US$4.0m). Market cap is less than US$100m (৳1.63b market cap, or US$14.9m). Declared Dividend • May 01
Dividend of ৳1.00 announced Dividend of ৳1.00 is the same as last year. Ex-date: 11th June 2024 Payment date: 15th September 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 28% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 7.4% to bring the payout ratio under control, which is less than the 10% EPS growth achieved over the last 5 years. Announcement • Apr 30
Federal Insurance Company Limited Recommends Cash Dividend for the Year Ended December 31, 2023 The Board of Directors of Federal Insurance Company Limited has recommended 10% cash dividend for the year ended December 31, 2023. Date of AGM is August 14, 2024. Announcement • Apr 24
Federal Insurance Company Limited to Report Q4, 2024 Results on Apr 28, 2024 Federal Insurance Company Limited announced that they will report Q4, 2024 results on Apr 28, 2024 Announcement • Oct 24
Federal Insurance Company Limited to Report Q3, 2023 Results on Oct 29, 2023 Federal Insurance Company Limited announced that they will report Q3, 2023 results on Oct 29, 2023 Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: ৳0.30 (vs ৳0.33 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.30 (down from ৳0.33 in 2Q 2022). Revenue: ৳104.1m (down 29% from 2Q 2022). Net income: ৳21.5m (down 8.2% from 2Q 2022). Profit margin: 21% (up from 16% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bangladeshi stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Revenue is less than US$5m (৳488m revenue, or US$4.5m). Market cap is less than US$100m (৳1.95b market cap, or US$18.0m). Announcement • Jul 25
Federal Insurance Company Limited to Report Q2, 2023 Results on Jul 27, 2023 Federal Insurance Company Limited announced that they will report Q2, 2023 results on Jul 27, 2023 New Risk • Jul 09
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ৳488m (US$4.5m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Revenue is less than US$5m (৳488m revenue, or US$4.5m). Market cap is less than US$100m (৳1.82b market cap, or US$16.7m). Upcoming Dividend • May 25
Upcoming dividend of ৳1.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 27 August 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Bangladeshi dividend payers (3.4%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳26.40, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 17x in the Insurance industry in Bangladesh. Total loss to shareholders of 4.4% over the past year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ৳0.37 (vs ৳0.20 in 3Q 2021) Third quarter 2022 results: EPS: ৳0.37 (up from ৳0.20 in 3Q 2021). Revenue: ৳128.0m (up 23% from 3Q 2021). Net income: ৳26.4m (up 90% from 3Q 2021). Profit margin: 21% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: ৳0.33 (vs ৳0.22 in 2Q 2021) Second quarter 2022 results: EPS: ৳0.33 (up from ৳0.22 in 2Q 2021). Revenue: ৳147.0m (up 29% from 2Q 2021). Net income: ৳23.4m (up 53% from 2Q 2021). Profit margin: 16% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 18% share price gain to ৳32.00, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 20x in the Insurance industry in Bangladesh. Total returns to shareholders of 177% over the past three years. Upcoming Dividend • May 23
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Bangladeshi dividend payers (3.8%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 17
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ৳0.20 (up from ৳0.15 in 3Q 2020). Revenue: ৳104.5m (up 9.6% from 3Q 2020). Net income: ৳13.9m (up 31% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 39% per year. Upcoming Dividend • Jul 02
Upcoming dividend of ৳0.50 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 05 September 2021. Trailing yield: 1.3%. Lower than top quartile of Bangladeshi dividend payers (2.8%). Lower than average of industry peers (1.6%). Is New 90 Day High Low • Feb 09
New 90-day low: ৳20.50 The company is down 8.0% from its price of ৳22.20 on 11 November 2020. The Bangladeshi market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 18
New 90-day low: ৳20.60 The company is down 13% from its price of ৳23.60 on 20 October 2020. The Bangladeshi market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: ৳25.80 The company is up 130% from its price of ৳11.20 on 14 July 2020. The Bangladeshi market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 44% over the same period. Is New 90 Day High Low • Sep 22
New 90-day high: ৳20.40 The company is up 100% from its price of ৳10.20 on 24 June 2020. The Bangladeshi market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 39% over the same period. 
