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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	68.78	63.05	62.72	60.86	49.68	42.47
Total Interest & Dividend Income	3.15	2.38	1.66	3.81	3.12	3.32
Gain (Loss) on Sale of Investments	8.14	1.99	-0.42	0.43	-	-
Other Revenue	-	-	-	-0	12.78	9.03
Total Revenue	80.07	67.42	63.96	65.1	65.58	54.81
Revenue Growth (YoY)	22.53%	5.39%	-1.75%	-0.73%	19.65%	5.93%
Policy Benefits	57.47	53.67	52.06	54.79	36.97	28.97
Policy Acquisition & Underwriting Costs	-	-	-	-	1.99	1.78
Depreciation & Amortization	-	-	0.08	0.07	0.69	0.64
Selling, General & Administrative	3.94	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	61.61	56	54.26	56.58	55.78	45.8
Operating Income	18.46	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	18.46	11.41	9.7	8.51	9.11	8.97
Gain (Loss) on Sale of Assets	0.01	-0.02	0.02	-0.06	0.08	-0.01
Other Unusual Items	-	-	-	0	-	-
Pretax Income	18.48	11.39	9.73	8.45	9.19	8.96
Income Tax Expense	4.48	1.31	0.2	0.56	3.94	3.28
Earnings From Continuing Ops.	14	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	14	10.08	9.49	7.83	5.13	5.68
Minority Interest in Earnings	-	-	-	-	1.42	-
Net Income	14	10.08	9.49	7.83	6.55	5.68
Net Income to Common	14	10.08	9.49	7.83	6.55	5.68
Net Income Growth	37.88%	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)	0.54	0.39	0.36	0.30	0.25	0.22
EPS (Diluted)	0.54	0.39	0.36	0.30	0.25	0.22
EPS Growth	37.88%	6.20%	21.20%	19.46%	14.78%	-6.76%
Free Cash Flow	9.4	7.45	8.26	7.35	6.05	6.95
Free Cash Flow Per Share	0.36	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	23.06%	16.93%	15.17%	13.10%	14.94%	16.43%
Profit Margin	17.48%	14.95%	14.83%	12.03%	9.99%	10.36%
Free Cash Flow Margin	11.74%	11.05%	12.92%	11.29%	9.22%	12.68%
EBITDA	19.27	11.87	10.15	8.96	10.23	9.41
EBITDA Margin	24.06%	17.60%	15.87%	13.76%	15.60%	17.17%
D&A For EBITDA	0.81	0.45	0.45	0.43	0.44	0.4
EBIT	18.46	11.41	9.7	8.53	9.8	9.01
EBIT Margin	23.06%	16.93%	15.17%	13.10%	14.94%	16.43%
Effective Tax Rate	24.25%	11.49%	2.06%	6.59%	42.87%	36.66%
Revenue as Reported	13.75	13.75	11.91	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.