La Positiva Seguros y Reaseguros S.A. (BVL: POSITIC1)

POSITIC1 Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	1,781	1,765	1,437	1,324	1,132	1,402
Total Interest & Dividend Income	449.12	436.33	417.87	329.01	266.39	263.43
Gain (Loss) on Sale of Investments	3.03	-26.77	-0.21	17.26	17.63	18.79
Other Revenue	28.28	19.14	30.6	25.38	3.62	3.33
Total Revenue	2,262	2,193	1,886	1,696	1,420	1,688
Revenue Growth (YoY)	11.58%	16.33%	11.19%	19.46%	-15.90%	11.93%
Policy Benefits	1,025	1,100	1,049	923.55	649.07	682.55
Policy Acquisition & Underwriting Costs	408.79	401.2	357.29	326.5	297.64	429.65
Amortization of Goodwill & Intangibles	9.97	9.9	10.19	10.03	10.59	11.58
Depreciation & Amortization	7.45	7.52	7.19	9	6.91	10.89
Selling, General & Administrative	154.85	140.12	142.01	135.06	107.21	131.16
Provision for Bad Debts	-	-	-	1.12	1.23	-0.73
Other Operating Expenses	88.04	72.65	58.92	21.3	53.78	76.13
Total Operating Expenses	1,865	1,898	1,789	1,578	1,276	1,540
Operating Income	396.63	295.33	96.25	117.67	143.92	148.07
Interest Expense	-12.42	-11.89	-9.2	-10.83	-11.56	-11.22
Earnings From Equity Investments	-4.19	-	-	-	-1.33	-0.61
Currency Exchange Gain (Loss)	10.79	4.84	7.7	6.8	0.27	4.19
Other Non Operating Income (Expenses)	-6.4	-6.52	1.63	0.6	-2.02	-2.66
EBT Excluding Unusual Items	384.41	281.75	96.38	114.24	129.28	137.77
Gain (Loss) on Sale of Assets	3.95	6.95	11.59	0.58	1.25	-
Asset Writedown	-14.54	-13.68	0.04	0.25	2.88	-4.73
Other Unusual Items	-	-	0.36	4.28	2.41	0.07
Pretax Income	373.82	275.02	108.37	119.34	135.82	133.11
Income Tax Expense	11.82	4.62	9.41	9.47	30.72	31.76
Earnings From Continuing Ops.	362	270.4	98.96	109.87	105.09	101.35
Minority Interest in Earnings	-144.38	-120.26	-35.26	-36.62	-20.24	-42.04
Net Income	217.61	150.14	63.7	73.25	84.85	59.32
Net Income to Common	217.61	150.14	63.7	73.25	84.85	59.32
Net Income Growth	158.78%	135.69%	-13.03%	-13.68%	43.05%	107.35%
Shares Outstanding (Basic)	661	661	661	661	661	661
Shares Outstanding (Diluted)	661	661	661	661	661	661
Shares Change (YoY)	-0.00%	-	0.00%	-	0.00%	-0.00%
EPS (Basic)	0.33	0.23	0.10	0.11	0.13	0.09
EPS (Diluted)	0.33	0.23	0.10	0.11	0.13	0.09
EPS Growth	161.77%	135.69%	-13.03%	-13.68%	43.30%	106.99%
Free Cash Flow	530.85	396.76	197.83	200.77	285.26	238.72
Free Cash Flow Per Share	0.80	0.60	0.30	0.30	0.43	0.36
Dividend Per Share	-	-	-	-	0.053	-
Operating Margin	17.54%	13.46%	5.10%	6.94%	10.14%	8.77%
Profit Margin	9.62%	6.85%	3.38%	4.32%	5.98%	3.51%
Free Cash Flow Margin	23.47%	18.09%	10.49%	11.84%	20.09%	14.14%
EBITDA	406.92	306.2	106.96	130.25	154.48	163
EBITDA Margin	17.99%	13.96%	5.67%	7.68%	10.88%	9.66%
D&A For EBITDA	10.29	10.87	10.71	12.58	10.56	14.93
EBIT	396.63	295.33	96.25	117.67	143.92	148.07
EBIT Margin	17.54%	13.46%	5.10%	6.94%	10.14%	8.77%
Effective Tax Rate	3.16%	1.68%	8.69%	7.94%	22.62%	23.86%

Source: S&P Capital IQ. Insurance template. Financial Sources.