One of the listed companies, Prime Islami Life Insurance Limited, discloses its financial reports for the first quarter, second quarter. This source is known from DSE.
Q1 Financials: According to the consolidated life revenue account of the company for the period of January to March 2023, there was a deficit of Tk 75 crore 11 lakh, in contrast to a deficit of Tk 90 crore 15 lakh during the same period in 2022.
Consequently, the Balance of Life Insurance Fund stood at BDT 6,962.15 million as of March 31, 2023, marking a decrease of Tk 21 crore 38 lakh compared to its value on March 31, 2022.
Q2 Financials: Moving on to the consolidated life revenue account for April to June 2023, the deficit amounted to Tk 5 crore 61 lakh, a decrease from Tk 9 crore 2 lakh during the corresponding period in 2022. Expanding the view to the six-month period from January to June 2023, the deficit totaled Tk 80 crore 72 lakh, compared to Tk 99 crore 17 lakh in 2022.
Consequently, as of June 30, 2023, the Balance of Life Insurance Fund stood at Tk 690 crore 60 lakh, reflecting a net decrease of Tk 17 crore 97 lakh from its value on June 30, 2022.
The company has recommended no Dividend to its investors for the Financial Year ending December 31, 2022.
The Annual General Meeting (AGM) of the company will be held on November 6 through the digital platform. The record date for this has been fixed at September 27.
