Asia Insurance PLC. (DSE: ASIAINS)

Asia Insurance PLC. 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	480.5	398.04	433	450.6	441.7	408.69
Total Interest & Dividend Income	76.37	68.01	75.35	66.42	74.68	65.93
Gain (Loss) on Sale of Investments	0.87	0.87	-39	14.64	27.73	-12.75
Other Revenue	50.03	49.85	57.48	73.38	68.83	51.41
Total Revenue	607.77	516.77	526.82	605.05	612.94	513.28
Revenue Growth (YoY)	13.54%	-1.91%	-12.93%	-1.29%	19.42%	1.71%
Policy Benefits	212.27	105.27	105.35	127.39	171.16	139.23
Policy Acquisition & Underwriting Costs	94.78	94.15	96.45	49.08	93.87	98.32
Depreciation & Amortization	28.01	29.03	29.11	27.71	26.16	16.87
Selling, General & Administrative	168.91	158.27	154.87	152.31	147.08	154.71
Other Operating Expenses	2.69	2.69	2.42	1.35	2.8	0.78
Total Operating Expenses	510.16	392.91	391.7	361.85	444.56	412.91
Operating Income	97.61	123.86	135.12	243.2	168.37	100.37
Interest Expense	-2.13	-2.15	-2.32	-2.38	-2.51	-0.04
Currency Exchange Gain (Loss)	-	-	-2.68	-0.4	-	-
Other Non Operating Income (Expenses)	-1.47	-1.47	-1.52	0.77	-0.31	-0.68
EBT Excluding Unusual Items	94.01	120.24	128.6	241.18	165.55	99.65
Gain (Loss) on Sale of Assets	2.21	2.21	1.37	-	-	1.56
Asset Writedown	-	-	-	-	-	-0.83
Pretax Income	50.79	122.45	129.97	241.18	165.55	100.38
Income Tax Expense	18.93	40.81	38.91	59.71	40.69	29.7
Net Income	31.86	81.64	91.06	181.47	124.86	70.68
Preferred Dividends & Other Adjustments	-13.38	-13.38	-7.16	26.4	14.5	-4.86
Net Income to Common	45.24	95.02	98.22	155.07	110.36	75.54
Net Income Growth	-57.84%	-10.34%	-49.82%	45.34%	76.65%	-28.46%
Shares Outstanding (Basic)	47	47	47	47	47	47
Shares Outstanding (Diluted)	47	47	47	47	47	47
EPS (Basic)	0.96	2.02	2.09	3.29	2.34	1.60
EPS (Diluted)	0.96	2.02	2.09	3.29	2.34	1.60
EPS Growth	-45.32%	-3.25%	-36.66%	40.52%	46.09%	-23.54%
Free Cash Flow	161.47	126.24	207.2	321.12	267.08	122.56
Free Cash Flow Per Share	3.43	2.68	4.40	6.82	5.67	2.60
Dividend Per Share	1.100	1.100	1.100	1.500	1.200	1.000
Dividend Growth	0%	0%	-26.67%	25.00%	20.00%	0%
Operating Margin	16.06%	23.97%	25.65%	40.20%	27.47%	19.55%
Profit Margin	7.44%	18.39%	18.64%	25.63%	18.00%	14.72%
Free Cash Flow Margin	26.57%	24.43%	39.33%	53.07%	43.57%	23.88%
EBITDA	115.36	142.63	155.31	270.9	194.53	117.24
EBITDA Margin	18.98%	27.60%	29.48%	44.77%	31.74%	22.84%
D&A For EBITDA	17.75	18.77	20.19	27.71	26.16	16.87
EBIT	97.61	123.86	135.12	243.2	168.37	100.37
EBIT Margin	16.06%	23.97%	25.65%	40.20%	27.47%	19.55%
Effective Tax Rate	37.27%	33.33%	29.94%	24.76%	24.58%	29.58%

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