RIMAC Seguros y Reaseguros S.A. (BVL: RIMSEGC1)

BVL: RIMSEGC1 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	4,539	4,322	4,016	3,875	3,364	3,258
Total Interest & Dividend Income	734.98	693.94	752.18	690.59	654.24	533.64
Gain (Loss) on Sale of Investments	111.27	111.27	-96.97	5.94	-21.37	53.17
Non-Insurance Activities Revenue	332.74	325.82	318.98	286.74	235.22	246.96
Other Revenue	36.9	22.01	17.38	10.65	13.59	8.68
Total Revenue	5,755	5,475	5,007	4,869	4,246	4,100
Revenue Growth (YoY)	7.76%	9.35%	2.84%	14.67%	3.56%	7.58%
Policy Benefits	2,270	2,291	2,049	2,406	1,944	1,861
Policy Acquisition & Underwriting Costs	845.04	779.4	733.5	682	666.86	659.61
Selling, General & Administrative	868.82	837.27	842.58	785.45	753.15	526.86
Non-Insurance Activities Expense	738.86	649.82	552.11	506.12	440.3	460.18
Other Operating Expenses	450.41	385.13	428.71	489.42	198.17	221.55
Total Operating Expenses	5,173	4,943	4,606	4,869	4,003	3,729
Operating Income	582.21	532.85	401.29	0.38	243.33	370.85
Interest Expense	-48.5	-48.5	-32.47	-21.86	-9.03	-9.77
Currency Exchange Gain (Loss)	-33.84	-33.84	-29.21	116.51	33.17	-6.52
Other Non Operating Income (Expenses)	0.2	-	-	-	-	-
EBT Excluding Unusual Items	500.07	450.52	339.6	95.03	267.47	354.57
Asset Writedown	-3	-3	-3.66	-1.71	-0.94	-4.56
Pretax Income	496.49	447.52	335.94	93.32	266.53	350.01
Income Tax Expense	36.02	24.42	25.22	1.66	31.11	22.65
Earnings From Continuing Ops.	460.47	423.1	310.73	91.66	235.42	327.36
Net Income to Company	460.47	423.1	310.73	91.66	235.42	327.36
Minority Interest in Earnings	-0.79	-0.6	-0.41	0.02	-0.34	-0.48
Net Income	459.69	422.49	310.31	91.68	235.08	326.88
Net Income to Common	459.69	422.49	310.31	91.68	235.08	326.88
Net Income Growth	12.62%	36.15%	238.47%	-61.00%	-28.08%	69.71%
Shares Outstanding (Basic)	2,052	2,052	2,052	2,052	2,052	2,052
Shares Outstanding (Diluted)	2,052	2,052	2,052	2,052	2,052	2,052
Shares Change (YoY)	-0.00%	-	-0.00%	0.00%	-0.00%	-0.00%
EPS (Basic)	0.22	0.21	0.15	0.04	0.11	0.16
EPS (Diluted)	0.22	0.21	0.15	0.04	0.11	0.16
EPS Growth	12.56%	36.15%	238.48%	-61.00%	-28.08%	69.72%
Free Cash Flow	1,100	685.81	907.56	-127.15	1,341	1,392
Free Cash Flow Per Share	0.54	0.33	0.44	-0.06	0.65	0.68
Dividend Per Share	-	-	0.037	-	0.027	-
Operating Margin	10.12%	9.73%	8.01%	0.01%	5.73%	9.04%
Profit Margin	7.99%	7.72%	6.20%	1.88%	5.54%	7.97%
Free Cash Flow Margin	19.11%	12.53%	18.13%	-2.61%	31.58%	33.95%
EBITDA	668.57	604.47	469.09	50.9	280.04	408.5
EBITDA Margin	11.62%	11.04%	9.37%	1.05%	6.60%	9.96%
D&A For EBITDA	86.36	71.62	67.8	50.52	36.71	37.64
EBIT	582.21	532.85	401.29	0.38	243.33	370.85
EBIT Margin	10.12%	9.73%	8.01%	0.01%	5.73%	9.04%
Effective Tax Rate	7.25%	5.46%	7.51%	1.78%	11.67%	6.47%

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