BVMT:TRE 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	185.75	178.76	154.2	126.93	96.38	81.73
Total Interest & Dividend Income	34.62	34.09	31.46	26.69	23.99	26.77
Gain (Loss) on Sale of Investments	-0.06	0.3	-1.62	-0.87	0.96	0.51
Other Revenue	13.49	12.52	27.11	22.2	12.74	-
Total Revenue	233.8	225.67	211.15	174.96	134.07	109.01
Revenue Growth (YoY)	5.33%	6.87%	20.69%	30.50%	22.99%	-3.51%
Policy Benefits	88.34	104.74	84.57	68.17	57.4	48.52
Policy Acquisition & Underwriting Costs	59.29	58.09	51.43	44.16	38.26	40.06
Selling, General & Administrative	20.57	20.3	19.05	16.47	14.07	12.91
Other Operating Expenses	25.71	12.25	30.94	20.65	24.33	13.21
Reinsurance Income or Expense	5.37	5.1	4.39	4.68	10.56	19.03
Total Operating Expenses	188.53	190.28	181.6	144.77	123.51	95.67
Operating Income	45.27	35.39	29.56	30.19	10.57	13.34
Currency Exchange Gain (Loss)	-	-	-	-	8.19	0.26
Other Non Operating Income (Expenses)	-0	-	-	0	0	-0
EBT Excluding Unusual Items	45.27	35.39	29.56	30.19	18.75	13.59
Other Unusual Items	-2.17	-2.33	-2.04	-1.06	-0.16	-0.32
Pretax Income	43.28	33.06	27.52	29.13	18.59	13.28
Income Tax Expense	17.38	11.65	8.94	9.28	1.86	1.04
Net Income	25.9	21.41	18.58	19.86	16.72	12.23
Net Income to Common	25.9	21.41	18.58	19.86	16.72	12.23
Net Income Growth	25.18%	15.22%	-6.45%	18.74%	36.70%	4.97%
Shares Outstanding (Basic)	-	20	20	20	20	20
Shares Outstanding (Diluted)	-	20	20	20	20	20
EPS (Basic)	-	1.07	0.93	1.00	0.84	0.61
EPS (Diluted)	-	1.07	0.93	1.00	0.84	0.61
EPS Growth	-	15.22%	-6.45%	18.74%	36.70%	4.97%
Free Cash Flow	8.63	3.95	11.28	4.03	5.98	-1.01
Free Cash Flow Per Share	-	0.20	0.56	0.20	0.30	-0.05
Dividend Per Share	-	-	0.450	0.400	-	0.245
Dividend Growth	-	-	12.50%	-	-	-
Operating Margin	19.36%	15.68%	14.00%	17.26%	7.88%	12.24%
Profit Margin	11.08%	9.49%	8.80%	11.35%	12.47%	11.22%
Free Cash Flow Margin	3.69%	1.75%	5.34%	2.31%	4.46%	-0.92%
EBITDA	45.74	35.86	33.05	30.79	11.12	13.78
EBITDA Margin	19.56%	15.89%	15.65%	17.60%	8.29%	12.64%
D&A For EBITDA	0.47	0.47	3.49	0.6	0.55	0.44
EBIT	45.27	35.39	29.56	30.19	10.57	13.34
EBIT Margin	19.36%	15.68%	14.00%	17.26%	7.88%	12.24%
Effective Tax Rate	40.15%	35.25%	32.48%	31.84%	10.03%	7.86%

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.