Arabia Insurance Company - Jordan (ASE:AICJ)

ASE:AICJ Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	33.83	33.72	24.68	13.12	12.77
Total Interest & Dividend Income	0.79	0.51	0.59	0.45	0.45
Gain (Loss) on Sale of Investments	0.63	0.46	0.79	0.61	-0.05
Other Revenue	0.18	0.04	0.01	1.52	0.92
Total Revenue	35.43	34.73	26.08	15.7	14.09
Revenue Growth (YoY)	2.03%	33.15%	66.15%	11.39%	-12.84%
Policy Benefits	35.22	33.36	25.51	12.34	9.45
Policy Acquisition & Underwriting Costs	-	-	-	1.74	1.62
Depreciation & Amortization	-	-	-	0.11	0.13
Selling, General & Administrative	0.19	0.2	0.69	0.66	0.62
Provision for Bad Debts	0.01	0.04	0.09	-0.2	-0.23
Total Operating Expenses	35.43	33.6	26.29	16.31	13.24
Operating Income	0	1.12	-0.21	-0.61	0.85
EBT Excluding Unusual Items	0	1.12	-0.21	-0.61	0.85
Pretax Income	0	1.12	-0.21	-0.61	0.85
Income Tax Expense	0.06	0.29	-0.02	-0.18	0.23
Net Income	-0.05	0.83	-0.19	-0.43	0.62
Net Income to Common	-0.05	0.83	-0.19	-0.43	0.62
Net Income Growth	-	-	-	-	72.49%
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
EPS (Basic)	-0.01	0.10	-0.02	-0.05	0.08
EPS (Diluted)	-0.01	0.10	-0.02	-0.05	0.08
EPS Growth	-	-	-	-	72.50%
Free Cash Flow	0.74	1.6	1.55	-1.35	1.65
Free Cash Flow Per Share	0.09	0.20	0.19	-0.17	0.21
Operating Margin	0.01%	3.24%	-0.82%	-3.89%	6.06%
Profit Margin	-0.15%	2.40%	-0.74%	-2.73%	4.42%
Free Cash Flow Margin	2.10%	4.60%	5.95%	-8.62%	11.68%
EBITDA	0.11	1.25	-0.08	-0.46	1.02
EBITDA Margin	0.30%	3.61%	-0.29%	-2.95%	7.26%
D&A For EBITDA	0.1	0.13	0.14	0.15	0.17
EBIT	0	1.12	-0.21	-0.61	0.85
EBIT Margin	0.01%	3.24%	-0.82%	-3.89%	6.06%
Effective Tax Rate	1750.17%	26.03%	-	-	27.13%

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.