LOLC General Insurance Income Statement

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

Millions LKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	7,998	8,697	7,403	6,579	5,297
Total Interest & Dividend Income	1,739	1,846	1,817	1,250	527.18
Gain (Loss) on Sale of Investments	-	4.66	24.06	49.27	89
Other Revenue	686.84	517.87	397.87	192.32	160.31
Total Revenue	10,424	11,065	9,643	8,071	6,074
Revenue Growth (YoY)	-5.80%	14.75%	19.47%	32.89%	18.50%
Policy Benefits	6,689	6,209	5,225	3,648	2,668
Policy Acquisition & Underwriting Costs	-233.46	520.57	619.1	325.13	235.22
Selling, General & Administrative	4,009	4,166	3,289	2,668	2,049
Reinsurance Income or Expense	-	263.9	623.17	264.47	198.22
Total Operating Expenses	10,465	10,632	8,511	6,376	4,754
Operating Income	-40.91	433.23	1,132	1,695	1,320
Interest Expense	-72.56	-63.75	-89.4	-48.18	-29.83
Earnings From Equity Investments	57.18	65.66	-19.45	-30.01	-22.64
Currency Exchange Gain (Loss)	-	42.38	-24.29	35.96	3.64
Other Non Operating Income (Expenses)	-	-	-	-	0.26
EBT Excluding Unusual Items	-56.28	477.52	998.84	1,653	1,271
Pretax Income	-56.28	477.52	998.84	1,653	1,271
Income Tax Expense	37.86	127.23	281.64	253.58	176.68
Net Income	-94.14	350.29	717.2	1,399	1,095
Net Income to Common	-94.14	350.29	717.2	1,399	1,095
Net Income Growth	-	-51.16%	-48.75%	27.82%	-1.56%
Shares Outstanding (Basic)	1,200	1,200	1,200	1,200	1,193
Shares Outstanding (Diluted)	1,200	1,200	1,200	1,200	1,193
Shares Change (YoY)	-	-	-	0.56%	0.27%
EPS (Basic)	-0.08	0.29	0.60	1.17	0.92
EPS (Diluted)	-0.08	0.29	0.60	1.17	0.92
EPS Growth	-	-51.16%	-48.75%	27.11%	-1.83%
Free Cash Flow	462.81	-996.04	335.51	858.92	1,549
Free Cash Flow Per Share	0.39	-0.83	0.28	0.72	1.30
Operating Margin	-0.39%	3.91%	11.74%	21.00%	21.73%
Profit Margin	-0.90%	3.17%	7.44%	17.34%	18.02%
Free Cash Flow Margin	4.44%	-9.00%	3.48%	10.64%	25.50%
EBITDA	16.81	490.95	1,167	1,737	1,357
EBITDA Margin	0.16%	4.44%	12.11%	21.52%	22.35%
D&A For EBITDA	57.72	57.72	35.28	41.74	37.39
EBIT	-40.91	433.23	1,132	1,695	1,320
EBIT Margin	-0.39%	3.91%	11.74%	21.00%	21.73%
Effective Tax Rate	-	26.64%	28.20%	15.34%	13.90%
Revenue as Reported	-	11,108	9,618	8,107	6,078

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