National Insurance Company (ASE:NAAI)

ASE:NAAI 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	25	20.31	18.13	15.28	11.86	12.14
Total Interest & Dividend Income	0.74	0.99	0.76	0.82	0.84	0.82
Gain (Loss) on Sale of Investments	0.28	0.28	0.29	0.35	-	-
Other Revenue	-0.01	0.01	-	0.01	1.06	1.14
Total Revenue	26.01	21.58	19.18	16.45	13.76	14.1
Revenue Growth (YoY)	-4.08%	12.49%	16.61%	19.59%	-2.46%	-10.24%
Policy Benefits	22.36	16.07	13.36	14.8	9.44	9.79
Policy Acquisition & Underwriting Costs	0.93	2.07	1.83	-	1.33	1.24
Depreciation & Amortization	-	-	-	-	0.06	0.05
Selling, General & Administrative	-0.89	-	-	-	0.59	0.61
Provision for Bad Debts	-	-	0.19	0.09	0.07	0.3
Other Operating Expenses	2.24	2.03	1.65	0.22	0.07	0.04
Total Operating Expenses	24.49	20.59	17.43	15.11	12.63	13.08
Operating Income	1.52	0.99	1.75	1.34	1.12	1.03
Other Non Operating Income (Expenses)	-	-	-	-	-	0
EBT Excluding Unusual Items	1.52	0.99	1.75	1.34	1.12	1.03
Gain (Loss) on Sale of Assets	-	-	0	-	-	-
Legal Settlements	0	0	0	0	0	-
Pretax Income	1.52	0.99	1.76	1.34	1.12	1.03
Income Tax Expense	0.24	0.13	0.42	0.37	0.2	0.14
Net Income	1.28	0.86	1.34	0.98	0.92	0.89
Net Income to Common	1.28	0.86	1.34	0.98	0.92	0.89
Net Income Growth	34.02%	-35.37%	37.01%	6.13%	3.63%	92.59%
Shares Outstanding (Basic)	9	9	9	9	9	9
Shares Outstanding (Diluted)	9	9	9	9	9	9
Shares Change (YoY)	-0.24%	-	-	-	-	-
EPS (Basic)	0.15	0.10	0.15	0.11	0.10	0.10
EPS (Diluted)	0.15	0.10	0.15	0.11	0.10	0.10
EPS Growth	34.62%	-35.31%	36.88%	6.04%	3.63%	92.59%
Free Cash Flow	3.51	-0.11	2.45	3.85	0.03	-0.7
Free Cash Flow Per Share	0.40	-0.01	0.28	0.44	0.00	-0.08
Dividend Per Share	-	-	-	0.091	0.091	-
Operating Margin	5.85%	4.59%	9.13%	8.14%	8.17%	7.27%
Profit Margin	4.93%	4.01%	6.98%	5.94%	6.69%	6.30%
Free Cash Flow Margin	13.51%	-0.50%	12.78%	23.41%	0.24%	-4.98%
EBITDA	1.61	1.07	1.82	1.4	1.18	1.08
EBITDA Margin	6.17%	4.98%	9.47%	8.49%	8.55%	7.65%
D&A For EBITDA	0.08	0.08	0.06	0.06	0.05	0.05
EBIT	1.52	0.99	1.75	1.34	1.12	1.03
EBIT Margin	5.85%	4.59%	9.13%	8.14%	8.17%	7.27%
Effective Tax Rate	15.77%	12.78%	23.78%	27.28%	18.10%	13.48%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.