Union Assurance PLC (COSE:UAL.N0000)

Union Assurance Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	20,948	20,155	17,834	15,788	14,680	12,519
Total Interest & Dividend Income	11,904	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	-637.55	43.47	28.84	87.72	27.14	42.93
Total Revenue	35,076	34,817	29,958	23,316	20,651	17,469
Revenue Growth (YoY)	11.52%	16.22%	28.48%	12.91%	18.21%	12.99%
Policy Benefits	20,296	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	689	661.57	543.61	535.09	435.56	390.27
Selling, General & Administrative	4,940	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	30,106	29,874	24,975	19,792	18,175	15,792
Operating Income	4,970	4,943	4,982	3,524	2,475	1,677
Interest Expense	-53.66	-53.66	-38.97	-33.83	-	-
Earnings From Equity Investments	358.14	337.22	311.87	229.64	151.56	116.44
EBT Excluding Unusual Items	5,275	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	5,276	5,228	5,256	3,720	2,627	1,794
Income Tax Expense	1,502	1,487	1,497	972.85	573.72	873.25
Earnings From Continuing Ops.	3,774	3,741	3,758	2,747	2,054	920.6
Net Income	3,774	3,741	3,758	2,747	2,054	920.6
Net Income to Common	3,774	3,741	3,758	2,747	2,054	920.6
Net Income Growth	-0.61%	-0.46%	36.81%	33.77%	123.07%	-20.50%
Shares Outstanding (Basic)	589	589	589	589	589	589
Shares Outstanding (Diluted)	589	589	589	589	589	589
Shares Change (YoY)	0.01%	-	-	-	-0.00%	-
EPS (Basic)	6.41	6.35	6.38	4.66	3.48	1.56
EPS (Diluted)	6.41	6.35	6.38	4.66	3.48	1.56
EPS Growth	-0.62%	-0.46%	36.86%	33.91%	122.79%	-20.51%
Free Cash Flow	12,919	13,530	10,345	8,142	9,077	8,212
Free Cash Flow Per Share	21.95	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	14.17%	14.20%	16.63%	15.11%	11.99%	9.60%
Profit Margin	10.76%	10.75%	12.55%	11.78%	9.94%	5.27%
Free Cash Flow Margin	36.83%	38.86%	34.53%	34.92%	43.95%	47.01%
EBITDA	5,366	5,311	5,395	3,935	2,819	1,940
EBITDA Margin	15.30%	15.25%	18.01%	16.88%	13.65%	11.10%
D&A For EBITDA	395.77	368.34	412.17	411.19	343.89	262.89
EBIT	4,970	4,943	4,982	3,524	2,475	1,677
EBIT Margin	14.17%	14.20%	16.63%	15.11%	11.99%	9.60%
Effective Tax Rate	28.47%	28.44%	28.49%	26.15%	21.84%	48.68%
Revenue as Reported	35,077	34,818	29,958	23,316	20,651	17,470

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