Gulf Insurance Group - Jordan (ASE:GIGJ)

ASE:GIGJ Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	66.56	63.05	62.72	60.86	49.68	42.47
Total Interest & Dividend Income	4.08	2.38	1.66	3.81	3.12	3.32
Gain (Loss) on Sale of Investments	1.99	1.99	-0.42	0.43	-	-
Other Revenue	-	-	-	-0	12.78	9.03
Total Revenue	72.64	67.42	63.96	65.1	65.58	54.81
Revenue Growth (YoY)	-18.46%	5.39%	-1.75%	-0.73%	19.65%	5.93%
Policy Benefits	55.45	53.67	52.06	54.79	36.97	28.97
Policy Acquisition & Underwriting Costs	-	-	-	-	1.99	1.78
Depreciation & Amortization	-0.01	-	0.08	0.07	0.69	0.64
Selling, General & Administrative	2.78	2.13	1.92	1.71	4.7	3.45
Provision for Bad Debts	0.2	0.2	0.2	-	-0.04	1.33
Other Operating Expenses	-	-	-	-	0.39	0.22
Total Operating Expenses	58.41	56	54.26	56.58	55.78	45.8
Operating Income	14.22	11.41	9.7	8.53	9.8	9.01
Interest Expense	-	-	-	-0.02	-0.02	-0.04
Other Non Operating Income (Expenses)	-	-	-	-	-0.67	-
EBT Excluding Unusual Items	14.22	11.41	9.7	8.51	9.11	8.97
Gain (Loss) on Sale of Assets	-0.02	-0.02	0.02	-0.06	0.08	-0.01
Other Unusual Items	-	-	-	0	-	-
Pretax Income	14.2	11.39	9.73	8.45	9.19	8.96
Income Tax Expense	2.16	1.31	0.2	0.56	3.94	3.28
Earnings From Continuing Ops.	12.04	10.08	9.53	7.9	5.25	5.68
Earnings From Discontinued Ops.	-0	-0	-0.04	-0.07	-0.12	-
Net Income to Company	12.04	10.08	9.49	7.83	5.13	5.68
Minority Interest in Earnings	-	-	-	-	1.42	-
Net Income	12.04	10.08	9.49	7.83	6.55	5.68
Net Income to Common	12.04	10.08	9.49	7.83	6.55	5.68
Net Income Growth	19.16%	6.20%	21.20%	19.46%	15.47%	9.98%
Shares Outstanding (Basic)	26	26	26	26	26	26
Shares Outstanding (Diluted)	26	26	26	26	26	26
Shares Change (YoY)	-	-	-	-	0.60%	17.95%
EPS (Basic)	0.46	0.39	0.36	0.30	0.25	0.22
EPS (Diluted)	0.46	0.39	0.36	0.30	0.25	0.22
EPS Growth	19.16%	6.20%	21.20%	19.46%	14.78%	-6.76%
Free Cash Flow	10.38	7.45	8.26	7.35	6.05	6.95
Free Cash Flow Per Share	0.40	0.29	0.32	0.28	0.23	0.27
Dividend Per Share	0.200	0.200	0.150	0.150	0.049	-
Dividend Growth	33.33%	33.33%	-	206.75%	-	-
Operating Margin	19.58%	16.93%	15.17%	13.10%	14.94%	16.43%
Profit Margin	16.57%	14.95%	14.83%	12.03%	9.99%	10.36%
Free Cash Flow Margin	14.29%	11.05%	12.92%	11.29%	9.22%	12.68%
EBITDA	14.89	11.87	10.15	8.96	10.23	9.41
EBITDA Margin	20.50%	17.60%	15.87%	13.76%	15.60%	17.17%
D&A For EBITDA	0.67	0.45	0.45	0.43	0.44	0.4
EBIT	14.22	11.41	9.7	8.53	9.8	9.01
EBIT Margin	19.58%	16.93%	15.17%	13.10%	14.94%	16.43%
Effective Tax Rate	15.22%	11.49%	2.06%	6.59%	42.87%	36.66%
Revenue as Reported	17.19	13.75	11.91	-	-	-

Updated Oct 31, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.