Asia Insurance Limited (DSE: ASIAINS)

Asia Insurance 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	467.88	398.04	433	450.6	441.7	408.69
Total Interest & Dividend Income	73.87	68.01	75.35	66.42	74.68	65.93
Gain (Loss) on Sale of Investments	-25.79	0.87	-39	14.64	27.73	-12.75
Other Revenue	50.75	49.85	57.48	73.38	68.83	51.41
Total Revenue	566.71	516.77	526.82	605.05	612.94	513.28
Revenue Growth (YoY)	12.17%	-1.91%	-12.93%	-1.29%	19.42%	1.71%
Policy Benefits	164.7	105.27	105.35	127.39	171.16	139.23
Policy Acquisition & Underwriting Costs	102.33	94.15	96.45	49.08	93.87	98.32
Depreciation & Amortization	28.37	29.03	29.11	27.71	26.16	16.87
Selling, General & Administrative	165.6	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	467.18	392.91	391.7	361.85	444.56	412.91
Operating Income	99.53	123.86	135.12	243.2	168.37	100.37
Interest Expense	-2.15	-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	95.91	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	98.12	122.45	129.97	241.18	165.55	100.38
Income Tax Expense	42.61	40.81	38.91	59.71	40.69	29.7
Net Income	55.51	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	68.89	95.02	98.22	155.07	110.36	75.54
Net Income Growth	-39.40%	-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
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	1.46	2.02	2.09	3.29	2.34	1.60
EPS (Diluted)	1.46	2.02	2.09	3.29	2.34	1.60
EPS Growth	-30.23%	-3.25%	-36.66%	40.52%	46.09%	-23.54%
Free Cash Flow	100.61	126.24	207.2	321.12	267.08	122.56
Free Cash Flow Per Share	2.14	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	17.56%	23.97%	25.65%	40.20%	27.47%	19.55%
Profit Margin	12.16%	18.39%	18.64%	25.63%	18.00%	14.72%
Free Cash Flow Margin	17.75%	24.43%	39.33%	53.07%	43.57%	23.88%
EBITDA	117.63	142.63	155.31	270.9	194.53	117.24
EBITDA Margin	20.76%	27.60%	29.48%	44.77%	31.74%	22.84%
D&A For EBITDA	18.11	18.77	20.19	27.71	26.16	16.87
EBIT	99.53	123.86	135.12	243.2	168.37	100.37
EBIT Margin	17.56%	23.97%	25.65%	40.20%	27.47%	19.55%
Effective Tax Rate	43.43%	33.33%	29.94%	24.76%	24.58%	29.58%

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