Sharjah Insurance Company P.S.C. (ADX: SICO)

SICO Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	28.81	21.46	22.79	7.35	22.69	25.75
Total Interest & Dividend Income	8.94	11	16.61	7.67	7.48	8.89
Gain (Loss) on Sale of Investments	-4.08	4.07	16.09	16.62	0.17	1.91
Other Revenue	-	-	-	2.86	-	-
Total Revenue	33.67	36.53	55.5	34.5	30.34	36.54
Revenue Growth (YoY)	-25.39%	-34.18%	60.89%	13.70%	-16.97%	-15.92%
Policy Benefits	33.68	22.92	20.48	1.59	8.04	12.07
Policy Acquisition & Underwriting Costs	-	-	-	1.88	1.54	1.27
Selling, General & Administrative	3.2	2.2	2.36	12.36	14.08	15.89
Provision for Bad Debts	-	-	-	-3.88	-0.86	-3.17
Other Operating Expenses	-3.58	-3.97	-0.34	-6.43	-5.09	-4.73
Total Operating Expenses	33.3	21.15	22.49	5.53	17.7	21.33
Operating Income	0.37	15.38	33.01	28.96	12.64	15.21
Interest Expense	-0.13	-0.14	-0.49	-0.2	-0.24	-0.21
Other Non Operating Income (Expenses)	-	-	-	-	0.22	-
EBT Excluding Unusual Items	0.24	15.24	32.52	28.76	12.62	14.99
Asset Writedown	0.96	0.96	1.15	-1.5	-0.98	-0.27
Other Unusual Items	-	-	0.02	-0.03	0.12	-
Pretax Income	1.2	16.21	33.7	27.23	11.76	14.73
Net Income	1.2	16.21	33.7	27.23	11.76	14.73
Net Income to Common	1.2	16.21	33.7	27.23	11.76	14.73
Net Income Growth	-94.85%	-51.90%	23.77%	131.59%	-20.16%	-10.05%
Shares Outstanding (Basic)	138	150	150	150	150	150
Shares Outstanding (Diluted)	138	150	150	150	150	150
Shares Change (YoY)	-7.73%	-	-	0.00%	-	-
EPS (Basic)	0.01	0.11	0.22	0.18	0.08	0.10
EPS (Diluted)	0.01	0.11	0.22	0.18	0.08	0.10
EPS Growth	-94.42%	-51.90%	23.77%	131.59%	-20.16%	-10.05%
Free Cash Flow	2.42	-1.78	-1.78	6.98	2.47	10.47
Free Cash Flow Per Share	0.02	-0.01	-0.01	0.05	0.02	0.07
Dividend Per Share	0.070	0.070	0.100	0.073	0.064	0.064
Dividend Growth	-30.00%	-30.00%	36.43%	14.17%	0%	0%
Operating Margin	1.09%	42.10%	59.47%	83.96%	41.65%	41.62%
Profit Margin	3.56%	44.37%	60.71%	78.92%	38.75%	40.30%
Free Cash Flow Margin	7.20%	-4.86%	-3.20%	20.23%	8.15%	28.67%
EBITDA	0.52	15.48	33.16	29.26	13.07	15.66
EBITDA Margin	1.55%	42.38%	59.74%	84.83%	43.09%	42.85%
D&A For EBITDA	0.15	0.1	0.15	0.3	0.44	0.45
EBIT	0.37	15.38	33.01	28.96	12.64	15.21
EBIT Margin	1.09%	42.10%	59.47%	83.96%	41.65%	41.62%

Source: S&P Capital IQ. Insurance template. Financial Sources.