National life insurance Bangladesh

National Life Insurance Bangladesh (NLIB) has been experiencing a decline in net income and revenue over the past years, with a significant drop in net profit in 2023. According to the latest financial statements, NLIB's net income available to common stood at 5,422 million BDT in 2023, down from 4,585 million BDT in 2022, and 4,227 million BDT in 2021. The revenue or sales for NLIB were reported at 5.51 billion BDT, with premiums earned at 4.00 billion BDT and investment income at -6.04 million BDT. The company's financial performance indicates a challenging period, with a notable decrease in profitability and negative investment income, which could be indicative of strategic missteps or market conditions affecting the insurer. It is crucial for NLIB to address these issues promptly to ensure long-term sustainability and regain market confidence.