Agrani Insurance Company Limited (DSE: AGRANINS)

Agrani Insurance Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	183.68	192.52	220.17	154.93	224.2	192.28
Total Interest & Dividend Income	38.17	34.92	27.73	29.15	25.06	23.45
Gain (Loss) on Sale of Investments	14.67	4.07	-3.18	13.32	1.83	-5.9
Other Revenue	27.13	24.58	26.64	27.49	27	21.95
Total Revenue	263.65	256.09	271.36	224.9	278.09	231.77
Revenue Growth (YoY)	-2.84%	-5.63%	20.66%	-19.13%	19.98%	-9.21%
Policy Benefits	32.97	32.97	-19.2	32.03	28.47	15.33
Policy Acquisition & Underwriting Costs	37.51	37.51	42.07	11.2	43.61	51.98
Depreciation & Amortization	-	-	-	-	-	13.78
Selling, General & Administrative	104.93	103.64	125.69	134.83	126.69	92.49
Other Operating Expenses	-0.21	-0.21	-0.45	-0.78	-1.32	-
Total Operating Expenses	175.2	173.9	148.1	177.27	197.45	184.82
Operating Income	88.45	82.19	123.26	47.63	80.64	46.95
Interest Expense	-	-	-	-	-	-4.2
Other Non Operating Income (Expenses)	-	-	-	-	-	-0.44
EBT Excluding Unusual Items	88.45	82.19	123.26	47.63	80.64	42.31
Gain (Loss) on Sale of Assets	-0.28	0.3	0.77	0.99	1.3	1.74
Pretax Income	88.17	82.49	124.03	48.62	81.94	44.05
Income Tax Expense	27.55	27.55	28.75	22.86	17.08	9.57
Earnings From Continuing Ops.	60.62	54.94	95.28	25.76	64.85	34.48
Minority Interest in Earnings	0.54	-0.5	2.72	4.73	-	-
Net Income	61.16	54.43	98	30.49	64.85	34.48
Preferred Dividends & Other Adjustments	-15.77	-15.77	28.65	-22.94	12.74	0.18
Net Income to Common	76.93	70.2	69.35	53.43	52.12	34.3
Net Income Growth	-37.59%	-44.46%	221.37%	-52.98%	88.11%	-33.16%
Shares Outstanding (Basic)	110	34	34	34	34	34
Shares Outstanding (Diluted)	110	34	34	34	34	34
Shares Change (YoY)	222.34%	-	-	-	-0.00%	-
EPS (Basic)	0.70	2.07	2.04	1.57	1.53	1.01
EPS (Diluted)	0.70	2.07	2.04	1.57	1.53	1.01
EPS Growth	-65.59%	1.22%	29.80%	2.52%	51.95%	-19.83%
Free Cash Flow	-5.24	2.26	8.37	41.61	69.42	-25.82
Free Cash Flow Per Share	-0.05	0.07	0.25	1.22	2.04	-0.76
Dividend Per Share	1.200	1.200	0.748	1.402	0.445	0.890
Dividend Growth	60.49%	60.49%	-46.67%	215.03%	-50.01%	-
Operating Margin	33.55%	32.09%	45.42%	21.18%	29.00%	20.26%
Profit Margin	29.18%	27.41%	25.56%	23.76%	18.74%	14.80%
Free Cash Flow Margin	-1.99%	0.88%	3.09%	18.50%	24.96%	-11.14%
EBITDA	-	90.48	131.55	56.88	93.63	60.74
EBITDA Margin	-	35.33%	48.48%	25.29%	33.67%	26.20%
D&A For EBITDA	-	8.29	8.29	9.26	12.99	13.78
EBIT	88.45	82.19	123.26	47.63	80.64	46.95
EBIT Margin	33.55%	32.09%	45.42%	21.18%	29.00%	20.26%
Effective Tax Rate	31.24%	33.40%	23.18%	47.01%	20.85%	21.73%

Source: S&P Capital IQ. Insurance template. Financial Sources.