The Navakij Insurance PCL (BKK:NKI)

The Navakij Insurance PCL Income Statement

Financials in millions THB. 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	2,744	2,948	2,952	2,625	2,523	2,437
Total Interest & Dividend Income	100.23	105.11	99.77	80.72	68.5	61.95
Gain (Loss) on Sale of Investments	-10.37	-20.39	-23.5	-1.15	18.39	-50.31
Other Revenue	226.02	268.1	225.63	231.67	238.82	199.03
Total Revenue	3,060	3,300	3,254	2,936	2,849	2,648
Revenue Growth (YoY)	-19.21%	1.44%	10.81%	3.07%	7.58%	2.93%
Policy Benefits	2,296	2,045	1,887	1,711	1,602	1,441
Policy Acquisition & Underwriting Costs	789.8	815.01	825.4	777.28	796.45	727.67
Selling, General & Administrative	407.34	412.13	381.37	350.73	351.72	337.01
Other Operating Expenses	39.87	46.34	32.24	42.95	-39.93	46.49
Total Operating Expenses	3,534	3,318	3,126	2,882	2,710	2,552
Operating Income	-474.8	-17.7	127.96	54.01	138.4	95.75
Interest Expense	-1.24	-1.44	-1.6	-1.91	-2.31	-3.04
Other Non Operating Income (Expenses)	-2.94	0.01	0	0.12	-0.06	-0.04
EBT Excluding Unusual Items	-478.98	-19.13	126.36	52.22	136.03	92.67
Legal Settlements	-	-	-	-6.05	-3.46	-6.07
Pretax Income	-478.98	-19.13	126.36	46.17	132.57	86.6
Income Tax Expense	-96.96	-4.84	19.09	21.33	23.23	15.27
Net Income	-382.02	-14.29	107.28	24.84	109.35	71.33
Net Income to Common	-382.02	-14.29	107.28	24.84	109.35	71.33
Net Income Growth	-	-	331.83%	-77.28%	53.30%	140.59%
Shares Outstanding (Basic)	38	38	38	38	38	38
Shares Outstanding (Diluted)	38	38	38	38	38	38
EPS (Basic)	-10.05	-0.38	2.82	0.65	2.88	1.88
EPS (Diluted)	-10.05	-0.38	2.82	0.65	2.88	1.88
EPS Growth	-	-	331.83%	-77.28%	53.30%	140.59%
Free Cash Flow	-35.73	51.66	-53.55	59.78	108.57	159.53
Free Cash Flow Per Share	-0.94	1.36	-1.41	1.57	2.86	4.20
Dividend Per Share	-	-	1.460	0.947	1.382	1.382
Dividend Growth	-	-	54.16%	-31.43%	-	16.28%
Operating Margin	-15.52%	-0.54%	3.93%	1.84%	4.86%	3.62%
Profit Margin	-12.49%	-0.43%	3.30%	0.85%	3.84%	2.69%
Free Cash Flow Margin	-1.17%	1.57%	-1.65%	2.04%	3.81%	6.02%
EBITDA	-452.09	2.11	143.91	66.52	152.31	111.53
EBITDA Margin	-14.78%	0.06%	4.42%	2.27%	5.35%	4.21%
D&A For EBITDA	22.71	19.81	15.94	12.51	13.9	15.78
EBIT	-474.8	-17.7	127.96	54.01	138.4	95.75
EBIT Margin	-15.52%	-0.54%	3.93%	1.84%	4.86%	3.62%
Effective Tax Rate	-	-	15.10%	46.19%	17.52%	17.64%
Revenue as Reported	3,301	3,301	3,254	2,936	2,849	2,648

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