Sukoon Insurance PJSC (DFM:SUKOON)

Sukoon Insurance PJSC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	2,899	2,400	1,962	1,741	1,554	1,632
Total Interest & Dividend Income	253.71	192.56	147.11	123.64	121.91	113.18
Gain (Loss) on Sale of Investments	-0.22	-0.22	1.32	-2.46	3.3	1
Total Revenue	3,132	2,571	2,108	1,862	1,679	1,746
Revenue Growth (YoY)	27.38%	22.00%	13.20%	10.91%	-3.87%	0.49%
Policy Benefits	1,679	1,563	1,238	1,020	1,099	1,104
Policy Acquisition & Underwriting Costs	949.07	606.82	540.26	469.01	327.29	324.49
Selling, General & Administrative	122.53	116.66	112.36	106.85	284.88	285.09
Provision for Bad Debts	-	-	-	-	23.91	13.44
Other Operating Expenses	4.57	-2.51	-17.65	0.5	-24.65	-7.1
Reinsurance Income or Expense	-	-	-	-	228.61	195.03
Total Operating Expenses	2,756	2,284	1,873	1,596	1,481	1,525
Operating Income	376.05	286.97	234.81	266.09	197.39	221.31
Interest Expense	-4.63	-5.09	-3.24	-	-	-
Currency Exchange Gain (Loss)	-	-	-	-89	-	-
Other Non Operating Income (Expenses)	-11.59	-0.32	-6.99	22.18	-	-
EBT Excluding Unusual Items	359.84	281.57	224.59	199.27	197.39	221.31
Gain (Loss) on Sale of Assets	-	-	-	63.04	-3.57	-
Asset Writedown	9.93	9.93	26.08	2.01	13.11	-23.88
Other Unusual Items	-	-	7.69	-	-	-
Pretax Income	369.76	291.49	258.36	264.32	206.94	197.43
Income Tax Expense	37.51	24.66	0.97	5.01	0.81	0.89
Earnings From Continuing Ops.	332.26	266.83	257.39	259.31	206.13	196.55
Minority Interest in Earnings	-1.28	-1.12	-0.52	-	0.27	-2.29
Net Income	330.98	265.71	256.87	259.31	206.39	194.26
Net Income to Common	330.98	265.71	256.87	259.31	206.39	194.26
Net Income Growth	26.65%	3.44%	-0.94%	25.64%	6.25%	3.94%
Shares Outstanding (Basic)	462	462	462	462	462	462
Shares Outstanding (Diluted)	462	462	462	462	462	462
EPS (Basic)	0.72	0.58	0.56	0.56	0.45	0.42
EPS (Diluted)	0.72	0.58	0.56	0.56	0.45	0.42
EPS Growth	26.65%	3.44%	-0.94%	25.64%	6.25%	3.94%
Free Cash Flow	681.19	611.91	252.43	290.79	39.89	171.5
Free Cash Flow Per Share	1.48	1.32	0.55	0.63	0.09	0.37
Dividend Per Share	0.200	0.200	0.200	0.200	0.200	0.200
Operating Margin	12.01%	11.16%	11.14%	14.29%	11.76%	12.67%
Profit Margin	10.57%	10.33%	12.19%	13.93%	12.29%	11.12%
Free Cash Flow Margin	21.75%	23.80%	11.98%	15.62%	2.38%	9.82%
EBITDA	394.74	306.42	254.09	286.63	203.29	225.92
EBITDA Margin	12.61%	11.92%	12.05%	15.39%	12.11%	12.94%
D&A For EBITDA	18.68	19.45	19.28	20.54	5.89	4.61
EBIT	376.05	286.97	234.81	266.09	197.39	221.31
EBIT Margin	12.01%	11.16%	11.14%	14.29%	11.76%	12.67%
Effective Tax Rate	10.14%	8.46%	0.38%	1.90%	0.39%	0.45%

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