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

BVL:POSITIC1 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,832	1,765	1,437	1,324	1,132
Total Interest & Dividend Income	348.54	436.35	417.87	329.01	266.39
Gain (Loss) on Sale of Investments	37.55	-26.77	-0.21	17.26	17.63
Other Revenue	19.14	19.14	30.6	25.38	3.62
Total Revenue	2,237	2,193	1,886	1,696	1,420
Revenue Growth (YoY)	1.99%	16.33%	11.19%	19.46%	-15.90%
Policy Benefits	1,056	1,100	1,049	923.55	649.07
Policy Acquisition & Underwriting Costs	410.08	401.2	357.29	326.5	297.64
Amortization of Goodwill & Intangibles	10.74	9.9	10.19	10.03	10.59
Depreciation & Amortization	7.32	7.52	7.19	9	6.91
Selling, General & Administrative	100.82	140.12	142.01	135.06	107.21
Provision for Bad Debts	-1.3	-	-	1.12	1.23
Other Operating Expenses	94.73	72.67	58.92	21.3	53.78
Total Operating Expenses	1,856	1,898	1,789	1,578	1,276
Operating Income	381.44	295.33	96.25	117.67	143.92
Interest Expense	-13.26	-11.89	-9.2	-10.83	-11.56
Earnings From Equity Investments	-	-	-	-	-1.33
Currency Exchange Gain (Loss)	2.78	4.84	7.7	6.8	0.27
Other Non Operating Income (Expenses)	0.1	-6.52	1.63	0.6	-2.02
EBT Excluding Unusual Items	371.07	281.75	96.38	114.24	129.28
Gain (Loss) on Sale of Assets	3.3	6.95	11.59	0.58	1.25
Asset Writedown	-1.55	-13.68	0.04	0.25	2.88
Other Unusual Items	-	-	0.36	4.28	2.41
Pretax Income	372.82	275.02	108.37	119.34	135.82
Income Tax Expense	20.82	4.62	9.41	9.47	30.72
Earnings From Continuing Ops.	352	270.4	98.96	109.87	105.09
Minority Interest in Earnings	-136.43	-120.26	-35.26	-36.62	-20.24
Net Income	215.57	150.14	63.7	73.25	84.85
Net Income to Common	215.57	150.14	63.7	73.25	84.85
Net Income Growth	43.58%	135.69%	-13.03%	-13.68%	43.05%
Shares Outstanding (Basic)	661	661	661	661	661
Shares Outstanding (Diluted)	661	661	661	661	661
EPS (Basic)	0.33	0.23	0.10	0.11	0.13
EPS (Diluted)	0.33	0.23	0.10	0.11	0.13
EPS Growth	43.58%	135.69%	-13.03%	-13.68%	43.30%
Free Cash Flow	299.91	396.76	197.83	200.77	285.26
Free Cash Flow Per Share	0.45	0.60	0.30	0.30	0.43
Dividend Per Share	0.090	-	-	-	0.053
Operating Margin	17.05%	13.46%	5.10%	6.94%	10.14%
Profit Margin	9.64%	6.84%	3.38%	4.32%	5.98%
Free Cash Flow Margin	13.41%	18.09%	10.49%	11.84%	20.09%
EBITDA	393.59	306.2	106.96	130.25	154.48
EBITDA Margin	17.59%	13.96%	5.67%	7.68%	10.88%
D&A For EBITDA	12.15	10.87	10.71	12.58	10.56
EBIT	381.44	295.33	96.25	117.67	143.92
EBIT Margin	17.05%	13.46%	5.10%	6.94%	10.14%
Effective Tax Rate	5.58%	1.68%	8.69%	7.94%	22.62%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.