Odontoprev S.A. (BVMF: ODPV3)

Odontoprev Income Statement

Financials in millions BRL. 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	2,182	2,084	1,847	1,923	1,848	1,871
Total Interest & Dividend Income	138.84	126.19	88.84	54.28	21.08	33.13
Non-Insurance Activities Revenue	54.62	51.56	21.89	16.41	13.45	16.65
Total Revenue	2,376	2,261	1,958	1,994	1,883	1,920
Revenue Growth (YoY)	14.91%	15.49%	-1.79%	5.91%	-1.97%	11.65%
Policy Benefits	858.04	778.04	735.47	700.38	661.48	786.98
Policy Acquisition & Underwriting Costs	228.73	244.1	245.26	-	-	-
Depreciation & Amortization	6.11	4.73	2.07	5.82	5.11	5.5
Selling, General & Administrative	73.52	57.58	30.71	516.53	470	499.37
Provision for Bad Debts	0.56	0.9	0.88	48.92	48.66	78.76
Other Operating Expenses	380.73	370.53	347.58	123.77	143.16	97.2
Total Operating Expenses	1,582	1,491	1,389	1,437	1,353	1,505
Operating Income	793.9	770.07	568.98	556.8	529.13	415.05
Interest Expense	-4.81	-3.74	-6.08	-2.7	-2.82	-2.26
Earnings From Equity Investments	4.04	4.15	6.13	6.56	6.67	5.04
Other Non Operating Income (Expenses)	-53.37	-44.11	-45.09	-12.36	-13.11	-11.47
EBT Excluding Unusual Items	739.77	726.37	523.94	548.3	519.87	406.36
Gain (Loss) on Sale of Assets	-2.22	-1.98	-6.64	-1.12	0.14	-0.64
Pretax Income	737.55	724.39	517.29	547.18	520.01	405.72
Income Tax Expense	211.9	212.8	151.05	165.84	160.29	120.9
Earnings From Continuing Ops.	525.64	511.59	366.25	381.34	359.72	284.82
Minority Interest in Earnings	0.04	-0.2	-0.39	-0.98	1.41	-0.06
Net Income	525.68	511.39	365.86	380.36	361.13	284.76
Net Income to Common	525.68	511.39	365.86	380.36	361.13	284.76
Net Income Growth	29.01%	39.78%	-3.81%	5.33%	26.82%	-0.01%
Shares Outstanding (Basic)	552	552	553	579	583	583
Shares Outstanding (Diluted)	552	552	553	580	584	585
Shares Change (YoY)	-2.72%	-0.08%	-4.68%	-0.72%	-0.06%	-0.18%
EPS (Basic)	0.95	0.93	0.66	0.66	0.62	0.49
EPS (Diluted)	0.95	0.93	0.66	0.66	0.62	0.49
EPS Growth	32.62%	39.89%	0.91%	6.08%	26.89%	0.16%
Free Cash Flow	427.22	406.96	686.19	852.87	295.34	297.77
Free Cash Flow Per Share	0.77	0.74	1.24	1.47	0.51	0.51
Dividend Per Share	0.900	0.900	0.433	0.327	0.571	0.342
Dividend Growth	89.88%	108.05%	32.52%	-42.83%	67.09%	14.89%
Operating Margin	33.42%	34.05%	29.06%	27.93%	28.11%	21.61%
Profit Margin	22.13%	22.61%	18.68%	19.08%	19.18%	14.83%
Free Cash Flow Margin	17.98%	18.00%	35.04%	42.78%	15.69%	15.51%
EBITDA	795.97	788.07	601.37	614.56	553.97	436.04
EBITDA Margin	33.50%	34.85%	30.71%	30.82%	29.43%	22.71%
D&A For EBITDA	2.07	18	32.4	57.76	24.85	20.99
EBIT	793.9	770.07	568.98	556.8	529.13	415.05
EBIT Margin	33.42%	34.05%	29.06%	27.93%	28.11%	21.61%
Effective Tax Rate	28.73%	29.38%	29.20%	30.31%	30.82%	29.80%

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