Written by The Banking Post
Padma Islami Life Insurance Limited continues to struggle with a widening deficit in its life insurance fund, which stood at Tk 3.08 billion as of June 30, 2025.
The disclosure came on Thursday through the company’s April–June financial statements, published on the Dhaka Stock Exchange (DSE).
According to the report, the company’s life insurance fund deficit rose to Tk 3.08 billion at the end of June, up from Tk 3.01 billion three months earlier. This means the deficit increased by Tk 653.2 million in the April–June quarter alone.
On a yearly basis, the shortfall expanded by Tk 3.51 billion, compared with Tk 2.73 billion in June 2024.
Amid worsening finances, Padma Islami Life did not recommend any dividend for investors for the 2024 financial year. The board has called its annual general meeting (AGM) for September 25 at the company’s head office to seek shareholder approval on pending agendas. The record date was set for August 21.
The company had also skipped dividends in 2023. Its last payout was in 2016, when it declared a 20 percent cash dividend for shareholders.
Padma Islami Life has 38.88 million shares listed, of which 50.10 percent are held by general investors, exposing them to greater financial risk amid the continuing fund deficit.
