Sena Kalyan Insurance saw its third-quarter profit slump by 16.7 per cent year-on-year to Tk 32.40 million, as revenue from its core underwriting business fell sharply while management expenses continued to climb.
The army-run general insurer saw a 67 per cent year-on-year decline in profit from its fire, marine, motor and miscellaneous insurance segments to Tk 8.50 million in the quarter to September.
Under the reporting structure for general insurers, earnings from each business line are disclosed separately after deducting claims and management expenses from the premium income of that segment.
According to the company, the quarterlyresults were hit by a surge in claim settlements despite marginal gains from interest and dividend income.
Moreover, its overall management expenses rose by 5.74 per cent to Tk 4.52 million, dragging down profit before tax by more than 31 per cent to Tk 40 million.
This came as a surprise to investors given the insurer’s strong earnings in the first half of 2025.
Following the disclosure, Sena Insurance’s share price dropped 7.13 per cent to Tk 54.70 each on Tuesday on the Dhaka Stock Exchange.
However, its nine-month profit remains 41 per cent higher at Tk 171.10 million compared to the earnings in the same period a year ago.
The company’s cash generation has also improved, with net operating cash flow per share rising to Tk 5.68 in the quarter from Tk 4.88 a year earlier. Net asset value per share increased to Tk 27.76 as of September 30, this yearfrom Tk 25.16 in December last year.
Source: financialexpress.com.bd
