Asia Pacific General Insurance PLC
DDSE:ASIAPACINS45.10
BDT
-0.10
(-0.22%)
ISIN
BD0728APGI04
Return %
Stock
S&P 500
1Y
30.72
14.20
3Y
-23.43
81.12
5Y
-33.38
68.34
Capital Structure
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- CEO
- K. M. Saidur Rahman
- Full Time Employees
- 571
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Aug 21, 2005
- Website
- apgicl.com
- Similar Companies
- Business
- Asia Pacific General Insurance PLC is a Bangladesh-based non-life insurance company that engages in the provision of general insurance, underwriting, and risk management solutions to industrial, commercial, institutional, and individual clients throughout Bangladesh. Founded on November 17, 1999, and headquartered in Dhaka, Bangladesh, the company provides a comprehensive portfolio of non-life insurance products categorized into: Fire Insurance, encompassing standard fire policies, allied perils coverage, and Industrial All Risks (IAR); Marine and Aviation Insurance, comprising Marine Cargo (covering goods in transit via sea, air, river, rail, and road), Marine Hull, and Aviation Hull protection; Motor Insurance, delivering comprehensive and liability coverage for private motorcars, commercial transport, and fleet vehicles; Engineering Insurance, consisting of Machinery Breakdown, Comprehensive Machinery Insurance, Contractors' All Risks (CAR), Erection All Risks (EAR), Boiler and Pressure Vessel (BPV) insurance, and Deterioration of Stocks (DOS); Liability and Miscellaneous Insurance, providing Burglary and Housebreaking, Cash-in-Safe, Cash-in-Transit, Cash-on-Counter, Fidelity Guarantee, Workmen's Compensation, Hotel Owners' All Risks (HOAR), and Personal Accident coverage; and Health and Travel Insurance, offering Overseas Mediclaim, international study and employment medical insurance, and business and holiday travel protections. The company is publicly listed on the Dhaka Stock Exchange under the ticker symbol ASIAPACINS. In recent corporate developments, the company formally completed its corporate restructuring and rebranding from Asia Pacific General Insurance Company Limited to Asia Pacific General Insurance PLC in November 2025 following regulatory endorsements and Dhaka Stock Exchange approvals. In addition, the company maintained its strong financial standing, securing a reaffirmed surveillance credit rating of AAA in the long term and ST-1 in the short term with a Stable outlook from Alpha Credit Rating PLC based on audited fiscal 2025 performance, while reinforcing its compliance, audit, and governance frameworks in accordance with directives from the Insurance Development and Regulatory Authority (IDRA) and the Bangladesh Securities and Exchange Commission (BSEC), and declaring a 14% cash dividend for fiscal 2025 approved at its mid-2026 annual general meeting.