DSE:BGIC Income Statement

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

Millions BDT. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Premiums & Annuity Revenue	445.94	419.22	392.29	365.74	452.36
Total Interest & Dividend Income	57.12	50.88	43.6	39.99	47.6
Gain (Loss) on Sale of Investments	1.02	23.65	50.14	-	9.6
Other Revenue	149.36	144.08	130.51	101.63	99.64
Total Revenue	653.44	637.84	616.54	507.36	609.19
Revenue Growth (YoY)	2.45%	3.45%	21.52%	-16.72%	21.88%
Policy Benefits	80.2	59.56	98.74	64.96	79.11
Policy Acquisition & Underwriting Costs	110.43	92.19	51.79	92.31	-
Depreciation & Amortization	43.45	45.93	39.35	24.4	9.95
Selling, General & Administrative	281.18	294.77	266.65	245.29	258.76
Other Operating Expenses	-	-	-	-	-94.99
Total Operating Expenses	519.75	500.44	457.04	426.96	252.83
Operating Income	133.68	137.39	159.51	80.4	356.36
Interest Expense	-21.74	-12.16	-12	-11.11	-9.6
Other Non Operating Income (Expenses)	-1.36	-3.24	-3.5	-2	-1.56
EBT Excluding Unusual Items	110.58	121.99	144.01	67.29	345.21
Gain (Loss) on Sale of Assets	1.8	1.02	3.08	-	-0.44
Pretax Income	112.38	123.01	147.09	67.29	344.77
Income Tax Expense	31.86	30.32	31.27	29.61	32.45
Net Income	80.52	92.69	115.82	37.69	312.32
Preferred Dividends & Other Adjustments	12.11	10.25	12.18	-30.09	243.32
Net Income to Common	68.41	82.44	103.64	67.77	69
Net Income Growth	-13.13%	-19.97%	207.33%	-87.93%	1626.61%
Shares Outstanding (Basic)	54	54	54	54	54
Shares Outstanding (Diluted)	54	54	54	54	54
EPS (Basic)	1.27	1.53	1.92	1.25	1.28
EPS (Diluted)	1.27	1.53	1.92	1.25	1.28
EPS Growth	-17.02%	-20.45%	52.91%	-1.78%	23.07%
Free Cash Flow	12.91	83.6	88.26	92.81	43.48
Free Cash Flow Per Share	0.24	1.55	1.63	1.72	0.81
Dividend Per Share	1.000	1.200	1.250	1.200	1.100
Dividend Growth	-16.67%	-4.00%	4.17%	9.09%	10.00%
Operating Margin	20.46%	21.54%	25.87%	15.85%	58.50%
Profit Margin	10.47%	12.93%	16.81%	13.36%	11.33%
Free Cash Flow Margin	1.98%	13.11%	14.32%	18.29%	7.14%
EBITDA	145.26	150.92	170.6	89.97	366.31
EBITDA Margin	22.23%	23.66%	27.67%	17.73%	60.13%
D&A For EBITDA	11.57	13.52	11.1	9.57	9.95
EBIT	133.68	137.39	159.51	80.4	356.36
EBIT Margin	20.46%	21.54%	25.87%	15.85%	58.50%
Effective Tax Rate	28.35%	24.65%	21.26%	44.00%	9.41%

Updated Sep 9, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.