Union Assurance Income Statement

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

Millions LKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	24,912	24,052	20,155	17,834	15,788	14,680
Total Interest & Dividend Income	12,723	12,351	11,757	10,817	7,479	5,276
Gain (Loss) on Sale of Investments	3,307	3,307	2,863	1,278	-38.29	667.07
Other Revenue	-803.72	95.92	43.47	28.84	87.72	27.14
Total Revenue	40,139	39,806	34,818	29,958	23,316	20,651
Revenue Growth (YoY)	14.43%	14.32%	16.23%	28.48%	12.91%	18.21%
Policy Benefits	23,584	23,313	20,355	16,550	12,172	11,686
Policy Acquisition & Underwriting Costs	5,059	5,059	4,136	3,640	3,191	3,037
Depreciation & Amortization	761.5	783.41	661.57	543.61	535.09	435.56
Selling, General & Administrative	6,059	5,780	4,857	4,338	3,933	3,210
Reinsurance Income or Expense	152.38	152.38	135.9	96.33	38.85	192.77
Total Operating Expenses	35,352	34,782	29,874	24,975	19,792	18,175
Operating Income	4,787	5,024	4,945	4,982	3,524	2,475
Interest Expense	-58.13	-58.13	-53.66	-38.97	-33.83	-
Earnings From Equity Investments	118.78	203.79	337.22	311.87	229.64	151.56
EBT Excluding Unusual Items	4,847	5,169	5,228	5,255	3,720	2,627
Gain (Loss) on Sale of Assets	-	-	-	0.19	0.25	0.39
Pretax Income	4,847	5,169	5,228	5,256	3,720	2,627
Income Tax Expense	1,728	1,799	1,487	1,497	972.85	573.72
Net Income	3,120	3,370	3,741	3,758	2,747	2,054
Net Income to Common	3,120	3,370	3,741	3,758	2,747	2,054
Net Income Growth	-17.34%	-9.93%	-0.46%	36.81%	33.77%	123.07%
Shares Outstanding (Basic)	591	589	589	589	589	589
Shares Outstanding (Diluted)	591	589	589	589	589	589
Shares Change (YoY)	0.33%	-	-	-	-	-0.00%
EPS (Basic)	5.28	5.72	6.35	6.38	4.66	3.48
EPS (Diluted)	5.28	5.72	6.35	6.38	4.66	3.48
EPS Growth	-17.61%	-9.93%	-0.46%	36.86%	33.91%	122.79%
Free Cash Flow	15,801	14,770	13,530	10,345	8,142	9,077
Free Cash Flow Per Share	26.76	25.06	22.96	17.56	13.82	15.40
Dividend Per Share	5.000	5.000	5.000	8.750	-	2.200
Dividend Growth	-	-	-42.86%	-	-	57.14%
Operating Margin	11.92%	12.62%	14.20%	16.63%	15.11%	11.99%
Profit Margin	7.77%	8.47%	10.75%	12.55%	11.78%	9.94%
Free Cash Flow Margin	39.37%	37.10%	38.86%	34.53%	34.92%	43.95%
EBITDA	5,193	5,452	5,449	5,395	3,935	2,819
EBITDA Margin	12.94%	13.70%	15.65%	18.01%	16.88%	13.65%
D&A For EBITDA	406.3	428.21	504.84	412.17	411.19	343.89
EBIT	4,787	5,024	4,945	4,982	3,524	2,475
EBIT Margin	11.92%	12.62%	14.20%	16.63%	15.11%	11.99%
Effective Tax Rate	35.64%	34.81%	28.44%	28.49%	26.15%	21.84%
Revenue as Reported	40,139	39,806	34,818	29,958	23,316	20,651

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