Central Insurance Company Limited (DSE: CENTRALINS)

Central 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	371.09	378.72	358.49	346.43	245.83	235.27
Total Interest & Dividend Income	91.97	83.47	79.33	65.35	74.15	76.5
Gain (Loss) on Sale of Investments	0.37	0.15	0.01	16.98	3.33	21.25
Other Revenue	30.41	27.42	23.42	20.92	24.32	23.16
Total Revenue	493.83	489.77	461.25	449.67	347.62	356.17
Revenue Growth (YoY)	1.39%	6.18%	2.57%	29.36%	-2.40%	-3.64%
Policy Benefits	67.16	64.22	68.77	40.42	8.87	30.05
Policy Acquisition & Underwriting Costs	70.54	68.41	60.46	40.52	45.06	43.04
Depreciation & Amortization	17.37	17.37	18.17	18.7	10.7	8.52
Selling, General & Administrative	188.4	182.23	161.04	147.6	129.39	143.81
Total Operating Expenses	348.47	337.23	313.44	249.79	199.15	227.29
Operating Income	145.36	152.54	147.8	199.88	148.48	128.88
Interest Expense	-	-	-	-	-	-2.85
Other Non Operating Income (Expenses)	-0.65	-0.65	-0.87	-0.72	-1.17	-1.26
EBT Excluding Unusual Items	144.7	151.88	146.94	199.16	147.3	124.77
Gain (Loss) on Sale of Assets	-	-	0.01	0.58	0.31	1.33
Pretax Income	144.7	151.88	146.95	199.74	147.61	126.1
Income Tax Expense	44.19	40.21	32.14	32.91	35.47	27.01
Net Income	100.51	111.67	114.81	166.83	112.14	99.08
Net Income to Common	100.51	111.67	114.81	166.83	112.14	99.08
Net Income Growth	-2.56%	-2.73%	-31.18%	48.77%	13.18%	-1.76%
Shares Outstanding (Basic)	53	53	53	53	53	53
Shares Outstanding (Diluted)	53	53	53	53	53	53
Shares Change (YoY)	0.03%	-	-	-	-	-
EPS (Basic)	1.89	2.10	2.16	3.14	2.11	1.86
EPS (Diluted)	1.89	2.10	2.16	3.14	2.11	1.86
EPS Growth	-2.59%	-2.73%	-31.18%	48.77%	13.18%	-1.76%
Free Cash Flow	98.1	103.15	109.44	123.99	115.17	83.23
Free Cash Flow Per Share	1.85	1.94	2.06	2.33	2.17	1.57
Dividend Per Share	1.200	1.200	1.500	1.800	0.558	0.620
Dividend Growth	-20.00%	-20.00%	-16.67%	222.52%	-10.01%	-41.66%
Operating Margin	29.43%	31.14%	32.04%	44.45%	42.71%	36.19%
Profit Margin	20.35%	22.80%	24.89%	37.10%	32.26%	27.82%
Free Cash Flow Margin	19.87%	21.06%	23.73%	27.57%	33.13%	23.37%
EBITDA	157.09	168.83	164.94	218.58	159.18	137.4
EBITDA Margin	31.81%	34.47%	35.76%	48.61%	45.79%	38.58%
D&A For EBITDA	11.73	16.29	17.14	18.7	10.7	8.52
EBIT	145.36	152.54	147.8	199.88	148.48	128.88
EBIT Margin	29.43%	31.14%	32.04%	44.45%	42.71%	36.19%
Effective Tax Rate	30.54%	26.47%	21.87%	16.48%	24.03%	21.42%

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