HNB Assurance PLC (COSE: HASU.N0000)

HNB Assurance Income Statement

Financials in millions LKR. 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	17,049	15,699	13,087	10,756	8,927	8,474
Total Interest & Dividend Income	7,414	7,227	4,542	2,555	2,493	2,249
Gain (Loss) on Sale of Investments	110.01	110.01	-67.24	107.43	64.89	86.69
Other Revenue	568.99	326.06	306.89	234.83	152.19	133.02
Total Revenue	25,142	23,363	17,869	13,653	11,637	10,942
Revenue Growth (YoY)	22.91%	30.75%	30.87%	17.33%	6.35%	14.17%
Policy Benefits	13,816	12,999	9,919	7,473	6,135	5,794
Policy Acquisition & Underwriting Costs	-44.48	-44.48	-6.29	5.91	-25	1.86
Selling, General & Administrative	5,886	5,371	4,000	2,894	2,562	2,351
Other Operating Expenses	2,953	2,646	2,154	1,713	1,453	1,499
Reinsurance Income or Expense	401.38	401.38	326.04	263.9	208.67	227.71
Total Operating Expenses	22,209	20,570	15,741	11,822	9,916	9,418
Operating Income	2,933	2,793	2,128	1,832	1,721	1,524
Interest Expense	-247.62	-183.81	-134.49	-104.34	-100.26	-121.3
Currency Exchange Gain (Loss)	-101.29	-101.29	390.96	20.39	6.25	-2.66
EBT Excluding Unusual Items	2,584	2,508	2,384	1,748	1,627	1,400
Gain (Loss) on Sale of Assets	3.61	3.61	1.77	0.69	3.81	4.69
Pretax Income	2,588	2,511	2,386	1,748	1,630	1,405
Income Tax Expense	763.65	746.85	555.4	524.73	455.27	394.66
Net Income	1,824	1,765	1,831	1,224	1,175	1,010
Net Income to Common	1,824	1,765	1,831	1,224	1,175	1,010
Net Income Growth	3.84%	-3.60%	49.60%	4.12%	16.33%	-62.66%
Shares Outstanding (Basic)	150	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150	150
EPS (Basic)	12.16	11.76	12.20	8.16	7.83	6.73
EPS (Diluted)	12.16	11.76	12.20	8.16	7.83	6.73
EPS Growth	3.84%	-3.60%	49.60%	4.12%	16.33%	-62.66%
Free Cash Flow	2,029	1,269	1,723	2,964	2,282	1,600
Free Cash Flow Per Share	13.53	8.46	11.48	19.76	15.21	10.67
Dividend Per Share	3.900	3.900	3.650	3.200	2.800	2.667
Dividend Growth	6.85%	6.85%	14.06%	14.29%	5.00%	14.29%
Operating Margin	11.67%	11.95%	11.91%	13.42%	14.79%	13.93%
Profit Margin	7.26%	7.55%	10.24%	8.96%	10.10%	9.23%
Free Cash Flow Margin	8.07%	5.43%	9.64%	21.71%	19.61%	14.62%
EBITDA	3,089	2,918	2,209	1,893	1,775	1,571
EBITDA Margin	12.29%	12.49%	12.36%	13.87%	15.25%	14.36%
D&A For EBITDA	156.28	124.94	81.75	61.8	54	47.32
EBIT	2,933	2,793	2,128	1,832	1,721	1,524
EBIT Margin	11.67%	11.95%	11.91%	13.42%	14.79%	13.93%
Effective Tax Rate	29.51%	29.74%	23.28%	30.01%	27.92%	28.09%
Revenue as Reported	25,044	23,265	18,262	13,674	11,647	10,944

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