Upcoming Dividend • Jun 01
Upcoming dividend of ৳3.70 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 30 July 2026. Payout ratio is a comfortable 5.0% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Higher than average of industry peers (2.7%). Announcement • May 14
National Life Insurance PLC announces Annual dividend, payable on July 30, 2026 National Life Insurance PLC announced Annual dividend of BDT 3.7000 per share payable on July 30, 2026, ex-date on June 08, 2026 and record date on June 07, 2026. Announcement • May 13
National Life Insurance PLC, Annual General Meeting, Jun 30, 2026 National Life Insurance PLC, Annual General Meeting, Jun 30, 2026, at 12:00 Central Asia Standard Time. Announcement • Oct 27
National Life Insurance PLC to Report Q3, 2025 Results on Oct 30, 2025 National Life Insurance PLC announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Nov 20
National Life Insurance PLC to Report Q3, 2024 Results on Nov 25, 2024 National Life Insurance PLC announced that they will report Q3, 2024 results on Nov 25, 2024 New Risk • Oct 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.8b (US$98.7m) This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (৳11.8b market cap, or US$98.7m). Announcement • Sep 10
National Life Insurance Company Limited to Report Q2, 2024 Results on Sep 15, 2024 National Life Insurance Company Limited announced that they will report Q2, 2024 results on Sep 15, 2024 Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ৳138, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 18x in the Insurance industry in Bangladesh. Total loss to shareholders of 36% over the past three years. Upcoming Dividend • Jun 06
Upcoming dividend of ৳3.80 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 30 July 2024. Payout ratio is a comfortable 9.0% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Bangladeshi dividend payers (4.4%). Higher than average of industry peers (3.1%). New Risk • May 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (৳11.2b market cap, or US$95.8m). New Risk • May 25
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 6.5% 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 Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (6.5% average weekly change). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ৳117, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 20x in the Insurance industry in Bangladesh. Total loss to shareholders of 49% over the past three years. New Risk • May 13
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: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (৳11.5b market cap, or US$98.0m). New Risk • Apr 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳10.9b (US$99.7m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ৳150, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 24x in the Insurance industry in Bangladesh. Total loss to shareholders of 35% over the past three years. Reported Earnings • Oct 30
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ৳4.54b (up 19% from 3Q 2022). Net income: ৳357.6m (down 8.1% from 3Q 2022). Profit margin: 7.9% (down from 10% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Oct 20
National Life Insurance Company Limited to Report Q3, 2023 Results on Oct 26, 2023 National Life Insurance Company Limited announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Jul 25
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ৳4.51b (up 5.6% from 2Q 2022). Net income: ৳1.22b (down 17% from 2Q 2022). Profit margin: 27% (down from 34% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jul 17
National Life Insurance Company Limited to Report Q2, 2023 Results on Jul 19, 2023 National Life Insurance Company Limited announced that they will report Q2, 2023 results at 3:00 PM, Bangladesh Standard Time on Jul 19, 2023 Reported Earnings • May 25
Full year 2022 earnings released Full year 2022 results: Revenue: ৳20.0b (up 13% from FY 2021). Net income: ৳4.58b (up 8.5% from FY 2021). Profit margin: 23% (in line with FY 2021). Upcoming Dividend • May 23
Upcoming dividend of ৳3.80 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 26 July 2023. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Lower than average of industry peers (2.6%). Announcement • May 10
National Life Insurance Company Limited Recommends Cash Dividend for the Year Ended December 31, 2022 National Life Insurance Company Limited announced that at its board of directors has recommended 38% Cash Dividend for the year ended December 31, 2022. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS: ৳2.60 (vs ৳5.95 in 3Q 2020) Third quarter 2021 results: EPS: ৳2.60 (down from ৳5.95 in 3Q 2020). Revenue: ৳3.51b (down 5.0% from 3Q 2020). Net income: ৳282.2m (down 56% from 3Q 2020). Profit margin: 8.0% (down from 18% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Upcoming Dividend • Jul 24
Upcoming dividend of ৳3.50 per share Eligible shareholders must have bought the stock before 31 July 2022. Payment date: 06 October 2022. Trailing yield: 1.9%. Lower than top quartile of Bangladeshi dividend payers (3.8%). Lower than average of industry peers (2.8%). Announcement • Jun 21
National Life Insurance Company Limited Recommends Cash Dividend for the Year Ended December 31, 2021 The Board of Directors of National Life Insurance Company Limited has recommended 35% cash dividend for the year ended December 31, 2021, at the AGM to be held on September 5, 2022. Reported Earnings • Oct 27
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ৳3.51b (down 5.0% from 3Q 2020). Net income: ৳346.5m (down 46% from 3Q 2020). Profit margin: 9.9% (down from 18% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 12
Upcoming dividend of ৳3.20 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 31 October 2021. Trailing yield: 1.4%. Lower than top quartile of Bangladeshi dividend payers (2.7%). Lower than average of industry peers (1.8%). Is New 90 Day High Low • Feb 23
New 90-day low: ৳236 The company is down 1.0% from its price of ৳239 on 25 November 2020. The Bangladeshi market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 6.0% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS ৳5.95 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ৳3.70b (up 41% from 3Q 2019). Net income: ৳645.3m (up ৳903.3m from 3Q 2019). Profit margin: 18% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 01
New 90-day high: ৳258 The company is up 4.0% from its price of ৳248 on 02 September 2020. The Bangladeshi market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 31% over the same period. Announcement • Nov 27
Abdul Monem, Sponsor Director of National Life Insurance Company Limited Passes Away National Life Insurance Company Limited has informed that Mr. Abdul Monem, one of the Sponsor Directors of the Company passed away on May 31, 2020. Announcement • Nov 25
National Life Insurance Company Limited to Report Q3, 2020 Results on Nov 29, 2020 National Life Insurance Company Limited announced that they will report Q3, 2020 results on Nov 29, 2020 Is New 90 Day High Low • Oct 07
New 90-day low: ৳227 The company is down 3.0% from its price of ৳233 on 09 July 2020. The Bangladeshi market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 44% over the same period.