Assurances Maghrebia Income Statement

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

Millions TND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	436.24	421.1	376.78	239.91	216.3	190.28
Total Interest & Dividend Income	83.11	73.98	67.87	63.21	52.82	43.87
Gain (Loss) on Sale of Investments	10.21	9.9	5.82	0.61	0.27	0.36
Other Revenue	0.12	-	-	0.39	0.2	0.01
Total Revenue	529.69	504.98	450.46	304.11	269.59	234.52
Revenue Growth (YoY)	12.09%	12.10%	48.13%	12.80%	14.95%	11.90%
Policy Benefits	391.55	377.58	327.74	198.01	180.24	156.5
Policy Acquisition & Underwriting Costs	49.19	45.78	44.52	37.75	34.11	31.08
Selling, General & Administrative	16.08	16.1	13.37	12.11	8.63	9.78
Other Operating Expenses	-2.2	-3.98	6.54	19.21	12.92	8.61
Reinsurance Income or Expense	0.73	-	-	13.48	13.31	12.51
Total Operating Expenses	453.87	435.49	392.16	253.6	222.59	193.46
Operating Income	75.82	69.49	58.3	50.52	47.01	41.06
Other Non Operating Income (Expenses)	-3.92	-	-0	-1.38	-1.71	-1.62
EBT Excluding Unusual Items	71.89	69.49	58.3	49.14	45.3	39.44
Asset Writedown	-0.03	-0.03	0.57	-	-	-
Other Unusual Items	0.88	-	-	-1.54	-0.86	-2.32
Pretax Income	72.74	69.46	58.87	47.6	44.44	37.12
Income Tax Expense	14.44	12.11	10.22	10.24	11.3	11.05
Earnings From Continuing Ops.	58.3	57.36	48.65	37.36	33.14	26.07
Minority Interest in Earnings	-13.16	-12.35	-7.94	-7.76	-4	-2.94
Net Income	45.14	45.01	40.71	29.61	29.15	23.13
Net Income to Common	45.14	45.01	40.71	29.61	29.15	23.13
Net Income Growth	12.39%	10.57%	37.48%	1.59%	26.01%	41.71%
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
EPS (Basic)	10.03	10.00	9.05	6.58	6.48	5.14
EPS (Diluted)	10.03	10.00	9.05	6.58	6.48	5.14
EPS Growth	12.39%	10.57%	37.48%	1.59%	26.01%	41.71%
Free Cash Flow	42.19	26.75	-14.71	14.48	5.9	9.75
Free Cash Flow Per Share	9.38	5.95	-3.27	3.22	1.31	2.17
Dividend Per Share	3.150	3.150	3.100	2.340	2.210	1.870
Dividend Growth	1.61%	1.61%	32.48%	5.88%	18.18%	-
Operating Margin	14.31%	13.76%	12.94%	16.61%	17.44%	17.51%
Profit Margin	8.52%	8.91%	9.04%	9.74%	10.81%	9.86%
Free Cash Flow Margin	7.96%	5.30%	-3.27%	4.76%	2.19%	4.16%
EBITDA	-	-	-	-	-	41.97
EBITDA Margin	-	-	-	-	-	17.90%
D&A For EBITDA	-	-	-	-	-	0.91
EBIT	75.82	69.49	58.3	50.52	47.01	41.06
EBIT Margin	14.31%	13.76%	12.94%	16.61%	17.44%	17.51%
Effective Tax Rate	19.85%	17.43%	17.36%	21.51%	25.42%	29.76%

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