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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	8,300	8,697	7,403	6,579	5,297	4,448
Total Interest & Dividend Income	1,819	1,846	1,817	1,250	527.18	479.51
Gain (Loss) on Sale of Investments	4.66	4.66	24.06	49.27	89	49.94
Other Revenue	568.43	517.87	397.87	192.32	160.31	148.5
Total Revenue	10,692	11,065	9,643	8,071	6,074	5,126
Revenue Growth (YoY)	-0.37%	14.75%	19.47%	32.89%	18.50%	14.35%
Policy Benefits	6,048	6,209	5,225	3,648	2,668	1,768
Policy Acquisition & Underwriting Costs	73.5	520.57	619.1	325.13	235.22	175.53
Selling, General & Administrative	4,291	4,166	3,289	2,668	2,049	1,831
Reinsurance Income or Expense	263.9	263.9	623.17	264.47	198.22	217.53
Total Operating Expenses	10,148	10,632	8,511	6,376	4,754	3,558
Operating Income	543.96	433.23	1,132	1,695	1,320	1,568
Interest Expense	-69.26	-63.75	-89.4	-48.18	-29.83	-32.5
Earnings From Equity Investments	56.39	65.66	-19.45	-30.01	-22.64	-
Currency Exchange Gain (Loss)	42.38	42.38	-24.29	35.96	3.64	2.01
Other Non Operating Income (Expenses)	0	-	-	-	0.26	0
EBT Excluding Unusual Items	573.48	477.52	998.84	1,653	1,271	1,537
Pretax Income	573.48	477.52	998.84	1,653	1,271	1,537
Income Tax Expense	173.83	127.23	281.64	253.58	176.68	425.37
Net Income	399.64	350.29	717.2	1,399	1,095	1,112
Net Income to Common	399.64	350.29	717.2	1,399	1,095	1,112
Net Income Growth	-30.21%	-51.16%	-48.75%	27.82%	-1.56%	93.25%
Shares Outstanding (Basic)	1,200	1,200	1,200	1,200	1,193	1,190
Shares Outstanding (Diluted)	1,200	1,200	1,200	1,200	1,193	1,190
Shares Change (YoY)	-	-	-	0.56%	0.27%	13.33%
EPS (Basic)	0.33	0.29	0.60	1.17	0.92	0.93
EPS (Diluted)	0.33	0.29	0.60	1.17	0.92	0.93
EPS Growth	-30.21%	-51.16%	-48.75%	27.11%	-1.83%	70.52%
Free Cash Flow	108.11	-996.04	335.51	858.92	1,549	1,230
Free Cash Flow Per Share	0.09	-0.83	0.28	0.72	1.30	1.03
Operating Margin	5.09%	3.91%	11.74%	21.00%	21.73%	30.59%
Profit Margin	3.74%	3.17%	7.44%	17.34%	18.02%	21.70%
Free Cash Flow Margin	1.01%	-9.00%	3.48%	10.64%	25.50%	24.00%
EBITDA	618.51	490.95	1,167	1,737	1,357	1,606
EBITDA Margin	5.79%	4.44%	12.11%	21.52%	22.35%	31.34%
D&A For EBITDA	74.55	57.72	35.28	41.74	37.39	38.42
EBIT	543.96	433.23	1,132	1,695	1,320	1,568
EBIT Margin	5.09%	3.91%	11.74%	21.00%	21.73%	30.59%
Effective Tax Rate	30.31%	26.64%	28.20%	15.34%	13.90%	27.67%
Revenue as Reported	11,108	11,108	9,618	8,107	6,078	5,128

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