Janashakthi Insurance PLC (COSE: JINS.N0000)

Janashakthi Insurance 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	5,235	4,365	4,609	5,249	3,698	3,374
Total Interest & Dividend Income	4,230	4,594	2,841	1,928	1,859	1,643
Gain (Loss) on Sale of Investments	4,639	4,639	-1,101	-253.82	508.86	271.13
Other Revenue	-743.39	60.71	328.59	251.4	222	326.11
Total Revenue	13,361	13,659	6,678	7,174	6,287	5,614
Revenue Growth (YoY)	39.20%	104.52%	-6.91%	14.11%	12.00%	17.20%
Policy Benefits	5,371	5,914	1,501	2,926	3,343	3,124
Policy Acquisition & Underwriting Costs	572.58	572.58	1,241	1,487	673.15	714.33
Selling, General & Administrative	1,525	1,225	1,572	1,163	1,032	988.53
Other Operating Expenses	254.1	-1.95	-1.96	-1.35	-1.08	-0.93
Total Operating Expenses	8,314	8,300	4,755	5,953	5,235	5,011
Operating Income	5,047	5,359	1,923	1,222	1,052	602.64
Interest Expense	-238.28	-108.57	-89.57	-34.74	-38.3	-71.67
Other Non Operating Income (Expenses)	-0	-0	0	-	-	-
EBT Excluding Unusual Items	5,160	5,251	1,833	1,187	1,014	530.97
Gain (Loss) on Sale of Assets	-	-	3.2	-7.59	7.21	1.4
Pretax Income	5,160	5,251	1,837	1,179	1,021	532.37
Income Tax Expense	1,230	1,116	460.96	303.16	261.59	136.04
Earnings From Continuing Ops.	3,930	4,135	1,376	876.17	759.33	396.33
Net Income	3,930	4,135	1,376	876.17	759.33	396.33
Net Income to Common	3,930	4,135	1,376	876.17	759.33	396.33
Net Income Growth	52.50%	200.56%	57.01%	15.39%	91.59%	-95.76%
Shares Outstanding (Basic)	227	227	227	227	227	227
Shares Outstanding (Diluted)	227	227	227	227	227	227
Shares Change (YoY)	0.30%	-	-	-	-	-22.73%
EPS (Basic)	17.34	18.25	6.07	3.87	3.35	1.75
EPS (Diluted)	17.34	18.25	6.07	3.87	3.35	1.75
EPS Growth	52.04%	200.56%	57.01%	15.39%	91.59%	-94.51%
Free Cash Flow	4,721	3,701	870.02	2,992	2,442	1,509
Free Cash Flow Per Share	20.83	16.34	3.84	13.21	10.78	6.66
Dividend Per Share	13.240	13.240	2.650	2.300	2.000	-
Dividend Growth	399.62%	399.62%	15.22%	15.00%	-	-
Operating Margin	37.78%	39.24%	28.79%	17.03%	16.73%	10.73%
Profit Margin	29.41%	30.27%	20.60%	12.21%	12.08%	7.06%
Free Cash Flow Margin	35.33%	27.09%	13.03%	41.70%	38.85%	26.87%
EBITDA	5,112	5,467	2,030	1,314	1,146	665.57
EBITDA Margin	38.26%	40.03%	30.40%	18.31%	18.23%	11.86%
D&A For EBITDA	64.77	107.72	107.09	92.25	94.18	62.93
EBIT	5,047	5,359	1,923	1,222	1,052	602.64
EBIT Margin	37.78%	39.24%	28.79%	17.03%	16.73%	10.73%
Effective Tax Rate	23.84%	21.25%	25.10%	25.71%	25.62%	25.55%
Revenue as Reported	13,363	13,661	6,684	7,168	6,296	5,616

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