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	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	192.52	192.52	220.17	154.93	224.2	192.28
Total Interest & Dividend Income	34.92	34.92	27.73	29.15	25.06	23.45
Gain (Loss) on Sale of Investments	4.07	4.07	-3.18	13.32	1.83	-5.9
Other Revenue	24.58	24.58	26.64	27.49	27	21.95
Total Revenue	256.09	256.09	271.36	224.9	278.09	231.77
Revenue Growth (YoY)	-10.47%	-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	103.64	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	173.9	173.9	148.1	177.27	197.45	184.82
Operating Income	82.19	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	82.19	82.19	123.26	47.63	80.64	42.31
Gain (Loss) on Sale of Assets	0.3	0.3	0.77	0.99	1.3	1.74
Pretax Income	82.49	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.	54.94	54.94	95.28	25.76	64.85	34.48
Minority Interest in Earnings	-0.5	-0.5	2.72	4.73	-	-
Net Income	54.43	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	70.2	70.2	69.35	53.43	52.12	34.3
Net Income Growth	-15.39%	-44.46%	221.37%	-52.98%	88.11%	-33.16%
Shares Outstanding (Basic)	34	34	34	34	34	34
Shares Outstanding (Diluted)	34	34	34	34	34	34
Shares Change (YoY)	-0.00%	-	-	-	-0.00%	-
EPS (Basic)	2.07	2.07	2.04	1.57	1.53	1.01
EPS (Diluted)	2.07	2.07	2.04	1.57	1.53	1.01
EPS Growth	13.50%	1.22%	29.80%	2.52%	51.95%	-19.83%
Free Cash Flow	2.26	2.26	8.37	41.61	69.42	-25.82
Free Cash Flow Per Share	0.07	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%	-46.67%	215.03%	-50.01%	-
Operating Margin	32.09%	32.09%	45.42%	21.18%	29.00%	20.26%
Profit Margin	27.41%	27.41%	25.56%	23.76%	18.74%	14.80%
Free Cash Flow Margin	0.88%	0.88%	3.09%	18.50%	24.96%	-11.14%
EBITDA	90.48	90.48	131.55	56.88	93.63	60.74
EBITDA Margin	35.33%	35.33%	48.48%	25.29%	33.67%	26.20%
D&A For EBITDA	8.29	8.29	8.29	9.26	12.99	13.78
EBIT	82.19	82.19	123.26	47.63	80.64	46.95
EBIT Margin	32.09%	32.09%	45.42%	21.18%	29.00%	20.26%
Effective Tax Rate	33.40%	33.40%	23.18%	47.01%	20.85%	21.73%

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