Pioneer Insurance Company Ltd has recommended a 25 percent cash dividend for shareholders for the year that ended on December 31, 2024, according to a disclosure published on the Dhaka Stock Exchange (DSE) website yesterday.

The company reported earnings per share (EPS) of Tk 4.79 after tax in 2024, slightly lower than Tk 4.97 in the previous year.

The net asset value per share stood at Tk 44.65 as of December 31, 2024, up from Tk 43.62 a year earlier.

Meanwhile, the net operating cash flow per share improved to negative Tk 0.91 in 2024 from negative Tk 2.09 in 2023, indicating a lower cash outflow from operating activities.

The company's dividend proposal is subject to approval at its annual general meeting, the date of which will be announced later.

Pioneer Insurance is listed on the Dhaka Stock Exchange and operates in the non-life insurance sector.