Union Assurance 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	23,175	20,155	17,834	15,788	14,680	12,519
Total Interest & Dividend Income	12,136	11,757	10,817	7,479	5,276	5,032
Gain (Loss) on Sale of Investments	2,861	2,861	1,278	-38.29	667.07	-125
Other Revenue	1,811	43.47	28.84	87.72	27.14	42.93
Total Revenue	39,984	34,817	29,958	23,316	20,651	17,469
Revenue Growth (YoY)	24.24%	16.22%	28.48%	12.91%	18.21%	12.99%
Policy Benefits	24,310	20,355	16,550	12,172	11,686	10,001
Policy Acquisition & Underwriting Costs	4,136	4,136	3,640	3,191	3,037	2,284
Depreciation & Amortization	778.33	661.57	543.61	535.09	435.56	390.27
Selling, General & Administrative	5,471	4,857	4,338	3,933	3,210	3,256
Reinsurance Income or Expense	135.9	135.9	96.33	38.85	192.77	138.93
Total Operating Expenses	35,274	29,874	24,975	19,792	18,175	15,792
Operating Income	4,709	4,943	4,982	3,524	2,475	1,677
Interest Expense	-53.66	-53.66	-38.97	-33.83	-	-
Earnings From Equity Investments	269.56	337.22	311.87	229.64	151.56	116.44
EBT Excluding Unusual Items	4,925	5,226	5,255	3,720	2,627	1,793
Gain (Loss) on Sale of Assets	1.76	1.76	0.19	0.25	0.39	0.65
Pretax Income	4,927	5,228	5,256	3,720	2,627	1,794
Income Tax Expense	1,714	1,487	1,497	972.85	573.72	873.25
Earnings From Continuing Ops.	3,213	3,741	3,758	2,747	2,054	920.6
Net Income	3,213	3,741	3,758	2,747	2,054	920.6
Net Income to Common	3,213	3,741	3,758	2,747	2,054	920.6
Net Income Growth	-13.51%	-0.46%	36.81%	33.77%	123.07%	-20.50%
Shares Outstanding (Basic)	587	589	589	589	589	589
Shares Outstanding (Diluted)	587	589	589	589	589	589
Shares Change (YoY)	-0.50%	-	-	-	-0.00%	-
EPS (Basic)	5.47	6.35	6.38	4.66	3.48	1.56
EPS (Diluted)	5.47	6.35	6.38	4.66	3.48	1.56
EPS Growth	-13.08%	-0.46%	36.86%	33.91%	122.79%	-20.51%
Free Cash Flow	14,878	13,530	10,345	8,142	9,077	8,212
Free Cash Flow Per Share	25.32	22.96	17.56	13.82	15.40	13.94
Dividend Per Share	5.000	5.000	8.750	-	2.200	1.400
Dividend Growth	-42.86%	-42.86%	-	-	57.14%	-30.00%
Operating Margin	11.78%	14.20%	16.63%	15.11%	11.99%	9.60%
Profit Margin	8.04%	10.75%	12.55%	11.78%	9.94%	5.27%
Free Cash Flow Margin	37.21%	38.86%	34.53%	34.92%	43.95%	47.01%
EBITDA	5,194	5,311	5,395	3,935	2,819	1,940
EBITDA Margin	12.99%	15.25%	18.01%	16.88%	13.65%	11.10%
D&A For EBITDA	485.1	368.34	412.17	411.19	343.89	262.89
EBIT	4,709	4,943	4,982	3,524	2,475	1,677
EBIT Margin	11.78%	14.20%	16.63%	15.11%	11.99%	9.60%
Effective Tax Rate	34.79%	28.44%	28.49%	26.15%	21.84%	48.68%
Revenue as Reported	39,985	34,818	29,958	23,316	20,651	17,470

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