Union Assurance 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	24,052	20,155	17,834	15,788	14,680
Total Interest & Dividend Income	12,351	11,757	10,817	7,479	5,276
Gain (Loss) on Sale of Investments	3,307	2,863	1,278	-38.29	667.07
Other Revenue	95.92	43.47	28.84	87.72	27.14
Total Revenue	39,806	34,818	29,958	23,316	20,651
Revenue Growth (YoY)	14.32%	16.23%	28.48%	12.91%	18.21%
Policy Benefits	23,313	20,355	16,550	12,172	11,686
Policy Acquisition & Underwriting Costs	5,059	4,136	3,640	3,191	3,037
Depreciation & Amortization	783.41	661.57	543.61	535.09	435.56
Selling, General & Administrative	5,780	4,857	4,338	3,933	3,210
Reinsurance Income or Expense	152.38	135.9	96.33	38.85	192.77
Total Operating Expenses	34,782	29,874	24,975	19,792	18,175
Operating Income	5,024	4,945	4,982	3,524	2,475
Interest Expense	-58.13	-53.66	-38.97	-33.83	-
Earnings From Equity Investments	203.79	337.22	311.87	229.64	151.56
EBT Excluding Unusual Items	5,169	5,228	5,255	3,720	2,627
Gain (Loss) on Sale of Assets	-	-	0.19	0.25	0.39
Pretax Income	5,169	5,228	5,256	3,720	2,627
Income Tax Expense	1,799	1,487	1,497	972.85	573.72
Net Income	3,370	3,741	3,758	2,747	2,054
Net Income to Common	3,370	3,741	3,758	2,747	2,054
Net Income Growth	-9.93%	-0.46%	36.81%	33.77%	123.07%
Shares Outstanding (Basic)	589	589	589	589	589
Shares Outstanding (Diluted)	589	589	589	589	589
Shares Change (YoY)	-	-	-	-	-0.00%
EPS (Basic)	5.72	6.35	6.38	4.66	3.48
EPS (Diluted)	5.72	6.35	6.38	4.66	3.48
EPS Growth	-9.93%	-0.46%	36.86%	33.91%	122.79%
Free Cash Flow	14,770	13,530	10,345	8,142	9,077
Free Cash Flow Per Share	25.06	22.96	17.56	13.82	15.40
Dividend Per Share	5.000	5.000	8.750	-	2.200
Dividend Growth	-	-42.86%	-	-	57.14%
Operating Margin	12.62%	14.20%	16.63%	15.11%	11.99%
Profit Margin	8.47%	10.75%	12.55%	11.78%	9.94%
Free Cash Flow Margin	37.10%	38.86%	34.53%	34.92%	43.95%
EBITDA	5,452	5,449	5,395	3,935	2,819
EBITDA Margin	13.70%	15.65%	18.01%	16.88%	13.65%
D&A For EBITDA	428.21	504.84	412.17	411.19	343.89
EBIT	5,024	4,945	4,982	3,524	2,475
EBIT Margin	12.62%	14.20%	16.63%	15.11%	11.99%
Effective Tax Rate	34.81%	28.44%	28.49%	26.15%	21.84%
Revenue as Reported	39,806	34,818	29,958	23,316	20,651

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