Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: ৳0.55 (vs ৳0.44 in 1Q 2025) First quarter 2026 results: EPS: ৳0.55 (up from ৳0.44 in 1Q 2025). Revenue: ৳107.2m (down 36% from 1Q 2025). Net income: ৳29.9m (up 23% from 1Q 2025). Profit margin: 28% (up from 14% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 27
Republic Insurance PLC to Report Q2, 2026 Results on Jul 30, 2026 Republic Insurance PLC announced that they will report Q2, 2026 results on Jul 30, 2026 New Risk • May 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.3% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (৳1.82b market cap, or US$14.9m). New Risk • May 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. 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 Earnings have declined by 6.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.6% net profit margin). Revenue is less than US$5m (৳567m revenue, or US$4.6m). Market cap is less than US$100m (৳1.90b market cap, or US$15.5m). Upcoming Dividend • May 20
Upcoming dividend of ৳1.03 per share Eligible shareholders must have bought the stock before 24 May 2026. Payment date: 29 July 2026. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Bangladeshi dividend payers (4.0%). Lower than average of industry peers (2.9%). Announcement • May 11
Republic Insurance PLC to Report Q1, 2026 Results on May 14, 2026 Republic Insurance PLC announced that they will report Q1, 2026 results on May 14, 2026 Announcement • May 01
Republic Insurance PLC announces Annual dividend, payable on July 29, 2026 Republic Insurance PLC announced Annual dividend of BDT 1.0250 per share payable on July 29, 2026, ex-date on May 24, 2026 and record date on May 21, 2026. Announcement • Apr 30
Republic Insurance PLC, Annual General Meeting, Jun 29, 2026 Republic Insurance PLC, Annual General Meeting, Jun 29, 2026, at 11:00 Central Asia Standard Time. Announcement • Apr 22
Republic Insurance PLC to Report Fiscal Year 2025 Results on Apr 29, 2026 Republic Insurance PLC announced that they will report fiscal year 2025 results on Apr 29, 2026 Announcement • Oct 27
Republic Insurance Company Limited to Report Q3, 2025 Results on Oct 30, 2025 Republic Insurance Company Limited announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 28
Republic Insurance Company Limited to Report Q2, 2025 Results on Jul 29, 2025 Republic Insurance Company Limited announced that they will report Q2, 2025 results on Jul 29, 2025 Announcement • Jul 02
Republic Insurance Company Limited Announces Election of Suborna Barua Chairman Republic Insurance Company Limited informed that the Board of Directors has elected Dr. Suborna Barua as Chairman of the company. Announcement • May 13
Republic Insurance Company Limited to Report Q1, 2025 Results on May 15, 2025 Republic Insurance Company Limited announced that they will report Q1, 2025 results on May 15, 2025 Announcement • Apr 24
Republic Insurance Company Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 Republic Insurance Company Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ৳32.80, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 18x in the Insurance industry in Bangladesh. Total loss to shareholders of 27% over the past three years. Buy Or Sell Opportunity • Nov 13
Now 21% overvalued Over the last 90 days, the stock has fallen 9.4% to ৳31.80. The fair value is estimated to be ৳26.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 24%. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: ৳0.55 (vs ৳0.62 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.55 (down from ৳0.62 in 3Q 2023). Revenue: ৳176.4m (up 14% from 3Q 2023). Net income: ৳28.9m (down 11% from 3Q 2023). Profit margin: 16% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Oct 25
Republic Insurance Company Limited to Report Q3, 2024 Results on Oct 30, 2024 Republic Insurance Company Limited announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ৳24.70, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 15x in the Insurance industry in Bangladesh. Total loss to shareholders of 43% over the past three years. Buy Or Sell Opportunity • Aug 28
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to ৳32.70. The fair value is estimated to be ৳26.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: ৳0.63 (vs ৳0.65 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.63 (down from ৳0.65 in 2Q 2023). Revenue: ৳179.1m (up 6.5% from 2Q 2023). Net income: ৳32.9m (down 2.2% from 2Q 2023). Profit margin: 18% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Republic Insurance Company Limited to Report Q2, 2024 Results on Aug 25, 2024 Republic Insurance Company Limited announced that they will report Q2, 2024 results on Aug 25, 2024 Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ৳39.80, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 22x in the Insurance industry in Bangladesh. Total loss to shareholders of 17% over the past three years. Upcoming Dividend • May 20
Upcoming dividend of ৳1.10 per share Eligible shareholders must have bought the stock before 27 May 2024. Payment date: 28 July 2024. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Bangladeshi dividend payers (4.3%). In line with average of industry peers (3.0%). 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: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Dividend is not well covered by cash flows (121% cash payout ratio). Market cap is less than US$100m (৳1.85b market cap, or US$15.9m). Announcement • May 11
Republic Insurance Company Limited to Report Q1, 2024 Results on May 14, 2024 Republic Insurance Company Limited announced that they will report Q1, 2024 results on May 14, 2024 Declared Dividend • May 02
Dividend of ৳1.10 announced Shareholders will receive a dividend of ৳1.10. Ex-date: 27th May 2024 Payment date: 28th July 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 16% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 26
Republic Insurance Company Limited to Report Fiscal Year 2023 Results on Apr 29, 2024 Republic Insurance Company Limited announced that they will report fiscal year 2023 results on Apr 29, 2024 Announcement • Oct 24
Republic Insurance Company Limited to Report Q3, 2023 Results on Oct 26, 2023 Republic Insurance Company Limited announced that they will report Q3, 2023 results on Oct 26, 2023 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ৳45.20, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 25x in the Insurance industry in Bangladesh. Total returns to shareholders of 30% over the past three years. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ৳0.64 (vs ৳0.65 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.64 (down from ৳0.65 in 2Q 2022). Revenue: ৳168.1m (up 23% from 2Q 2022). Net income: ৳33.6m (flat on 2Q 2022). Profit margin: 20% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Jul 28
Republic Insurance Company Limited to Report Q2, 2023 Results on Jul 31, 2023 Republic Insurance Company Limited announced that they will report Q2, 2023 results on Jul 31, 2023 New Risk • Jun 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Market cap is less than US$100m (৳1.76b market cap, or US$16.3m). Upcoming Dividend • May 21
Upcoming dividend of ৳1.05 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 May 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Bangladeshi dividend payers (3.4%). Higher than average of industry peers (2.6%). Upcoming Dividend • May 22
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 29 May 2022. Payment date: 27 July 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Bangladeshi dividend payers (3.6%). Lower than average of industry peers (2.7%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 11 non-independent directors. Independent Director Abdur Rouf was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 04
Second quarter 2021 earnings released: EPS ৳0.63 (vs ৳0.34 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳127.0m (up 2.4% from 2Q 2020). Net income: ৳29.4m (up 73% from 2Q 2020). Profit margin: 23% (up from 14% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 20
Upcoming dividend of ৳0.70 per share Eligible shareholders must have bought the stock before 27 June 2021. Payment date: 26 August 2021. Trailing yield: 1.0%. Lower than top quartile of Bangladeshi dividend payers (2.8%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 15% share price gain to ৳66.00, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 34x in the Insurance industry in Bangladesh. Total returns to shareholders of 237% over the past three years. Announcement • May 28
Republic Insurance Company Limited Recommend for the Year Ended on December 31, 2020 Republic Insurance Company Limited has recommended 7% cash and 7% stock dividend for the year ended on December 31, 2020. Reported Earnings • Jan 03
Third quarter 2020 earnings released: EPS ৳0.60 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ৳159.5m (up 55% from 3Q 2019). Net income: ৳27.7m (up 40% from 3Q 2019). Profit margin: 17% (down from 19% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 15% share price gain to ৳61.30, the stock is trading at a trailing P/E ratio of 23.4x, up from the previous P/E ratio of 20.3x. This compares to an average P/E of 27x in the Insurance industry in Bangladesh. Total returns to shareholders over the past three years are 237%. Is New 90 Day High Low • Dec 07
New 90-day high: ৳55.10 The company is up 70% from its price of ৳32.40 on 08 September 2020. The Bangladeshi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 33% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 15% share price gain to ৳55.10, the stock is trading at a trailing P/E ratio of 21x, up from the previous P/E ratio of 18.2x. This compares to an average P/E of 27x in the Insurance industry in Bangladesh. Total returns to shareholders over the past three years are 203%. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 19% share price gain to ৳48.50, the stock is trading at a trailing P/E ratio of 18.5x, up from the previous P/E ratio of 15.6x. This compares to an average P/E of 26x in the Insurance industry in Bangladesh. Total returns to shareholders over the past three years are 169%. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 35% share price gain to ৳53.90, the stock is trading at a trailing P/E ratio of 21.5x, up from the previous P/E ratio of 15.9x. This compares to an average P/E of 24x in the Insurance industry in Bangladesh. Total returns to shareholders over the past three years are 203%. Is New 90 Day High Low • Oct 20
New 90-day high: ৳49.60 The company is up 117% from its price of ৳22.90 on 22 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 33% over the same period. Is New 90 Day High Low • Oct 05
New 90-day high: ৳42.50 The company is up 134% from its price of ৳18.13 on 07 July 2020. The Bangladeshi market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 47% over the same period. Announcement • Jul 17
Republic Insurance Company Limited to Report Fiscal Year 2019 Results on Jul 16, 2020 Republic Insurance Company Limited announced that they will report fiscal year 2019 results on Jul 16, 2020