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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	375.01	378.72	358.49	346.43	245.83	235.27
Total Interest & Dividend Income	91.3	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	28.37	27.42	23.42	20.92	24.32	23.16
Total Revenue	495.05	489.77	461.25	449.67	347.62	356.17
Revenue Growth (YoY)	1.18%	6.18%	2.57%	29.36%	-2.40%	-3.64%
Policy Benefits	54.91	64.22	68.77	40.42	8.87	30.05
Policy Acquisition & Underwriting Costs	69.62	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	190.54	182.23	161.04	147.6	129.39	143.81
Total Operating Expenses	337.44	337.23	313.44	249.79	199.15	227.29
Operating Income	157.61	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	156.96	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	156.96	151.88	146.95	199.74	147.61	126.1
Income Tax Expense	44.58	40.21	32.14	32.91	35.47	27.01
Net Income	112.37	111.67	114.81	166.83	112.14	99.08
Net Income to Common	112.37	111.67	114.81	166.83	112.14	99.08
Net Income Growth	7.93%	-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)	0.06%	-	-	-	-	-
EPS (Basic)	2.11	2.10	2.16	3.14	2.11	1.86
EPS (Diluted)	2.11	2.10	2.16	3.14	2.11	1.86
EPS Growth	7.87%	-2.73%	-31.18%	48.77%	13.18%	-1.76%
Free Cash Flow	95.72	103.15	109.44	123.99	115.17	83.23
Free Cash Flow Per Share	1.80	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	31.84%	31.14%	32.04%	44.45%	42.71%	36.19%
Profit Margin	22.70%	22.80%	24.89%	37.10%	32.26%	27.82%
Free Cash Flow Margin	19.34%	21.06%	23.73%	27.57%	33.13%	23.37%
EBITDA	171.43	168.83	164.94	218.58	159.18	137.4
EBITDA Margin	34.63%	34.47%	35.76%	48.61%	45.79%	38.58%
D&A For EBITDA	13.82	16.29	17.14	18.7	10.7	8.52
EBIT	157.61	152.54	147.8	199.88	148.48	128.88
EBIT Margin	31.84%	31.14%	32.04%	44.45%	42.71%	36.19%
Effective Tax Rate	28.40%	26.47%	21.87%	16.48%	24.03%	21.42%

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