LOLC General Insurance Income Statement

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

Millions LKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Premiums & Annuity Revenue	8,128	7,403	6,579	5,297	4,448	3,920
Total Interest & Dividend Income	1,789	1,817	1,250	527.18	479.51	395.57
Gain (Loss) on Sale of Investments	24.06	24.06	49.27	89	49.94	27.71
Other Revenue	476.53	397.87	192.09	160.31	148.5	138.92
Total Revenue	10,418	9,643	8,071	6,074	5,126	4,482
Revenue Growth (YoY)	14.40%	19.47%	32.89%	18.50%	14.35%	-
Policy Benefits	5,281	5,225	3,648	2,668	1,768	2,136
Policy Acquisition & Underwriting Costs	801.92	619.1	325.13	235.22	175.53	197.43
Selling, General & Administrative	3,458	3,289	2,668	2,049	1,831	1,600
Reinsurance Income or Expense	623.17	623.17	264.47	198.22	217.53	210.39
Total Operating Expenses	8,918	8,511	6,376	4,754	3,558	3,723
Operating Income	1,500	1,132	1,695	1,320	1,568	759.8
Interest Expense	-94.26	-89.4	-48.18	-29.83	-32.5	-35.36
Earnings From Equity Investments	56.38	-19.45	-30.01	-22.64	-	-
Currency Exchange Gain (Loss)	-24.29	-24.29	35.96	3.64	2.01	6.03
Other Non Operating Income (Expenses)	73.85	0	0.23	0.26	0	-
EBT Excluding Unusual Items	1,512	998.84	1,653	1,271	1,537	730.47
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.34
Pretax Income	1,512	998.84	1,653	1,271	1,537	730.81
Income Tax Expense	418.98	281.64	253.58	176.68	425.37	155.38
Net Income	1,093	717.2	1,399	1,095	1,112	575.43
Net Income to Common	1,093	717.2	1,399	1,095	1,112	575.43
Net Income Growth	-7.29%	-48.75%	27.82%	-1.56%	93.25%	-
Shares Outstanding (Basic)	1,200	1,200	1,200	1,193	1,190	1,050
Shares Outstanding (Diluted)	1,200	1,200	1,200	1,193	1,190	1,050
Shares Change (YoY)	-	-	0.56%	0.28%	13.33%	-
EPS (Basic)	0.91	0.60	1.17	0.92	0.93	0.55
EPS (Diluted)	0.91	0.60	1.17	0.92	0.93	0.55
EPS Growth	-7.29%	-48.75%	27.11%	-1.83%	70.52%	-
Free Cash Flow	-22.22	335.51	858.92	1,549	1,230	764.52
Free Cash Flow Per Share	-0.02	0.28	0.72	1.30	1.03	0.73
Operating Margin	14.40%	11.74%	21.00%	21.73%	30.59%	16.95%
Profit Margin	10.49%	7.44%	17.34%	18.02%	21.70%	12.84%
Free Cash Flow Margin	-0.21%	3.48%	10.64%	25.50%	24.00%	17.06%
EBITDA	1,532	1,167	1,737	1,357	1,606	791.35
EBITDA Margin	14.71%	12.11%	21.52%	22.35%	31.34%	17.65%
D&A For EBITDA	32.04	35.28	41.74	37.39	38.42	31.55
EBIT	1,500	1,132	1,695	1,320	1,568	759.8
EBIT Margin	14.40%	11.74%	21.00%	21.73%	30.59%	16.95%
Effective Tax Rate	27.71%	28.20%	15.34%	13.90%	27.67%	21.26%
Revenue as Reported	9,618	9,618	8,107	6,078	5,128	4,489

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