Desh General Insurance Company Limited (DSE:DGIC)

DSE:DGIC Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	324.49	389.78	198.61	231.97	284.62
Total Interest & Dividend Income	27.83	23.14	23.93	18.78	18.52
Gain (Loss) on Sale of Investments	-0.22	-5.66	-	-	-
Other Revenue	37.67	27.48	38.31	22.65	24.29
Total Revenue	389.78	434.74	260.86	273.4	327.43
Revenue Growth (YoY)	-10.34%	66.66%	-4.59%	-16.50%	88.10%
Policy Benefits	58.48	143.75	7.17	37.05	130.59
Policy Acquisition & Underwriting Costs	49.5	47.3	10.63	36.36	34.73
Depreciation & Amortization	12.47	13.43	14.46	15.12	13.98
Selling, General & Administrative	171.46	153.17	142.21	107.69	81.01
Other Operating Expenses	21.34	0	0	0	0
Total Operating Expenses	316.98	361.39	179.12	199.41	263.02
Operating Income	72.8	73.36	81.73	73.98	64.4
Interest Expense	-5.37	-5.21	-6.81	-8.41	-8.4
Other Non Operating Income (Expenses)	-0.54	-1.91	-1.85	-1.86	-1.71
EBT Excluding Unusual Items	66.88	66.24	73.08	63.71	54.3
Pretax Income	66.88	66.24	73.08	63.71	54.3
Income Tax Expense	25.35	24.76	26.51	27.48	21.72
Net Income	41.53	41.47	46.57	36.23	32.58
Preferred Dividends & Other Adjustments	-	-	1.18	0	-
Net Income to Common	41.53	41.47	45.39	36.23	32.58
Net Income Growth	0.14%	-10.94%	28.55%	11.21%	35.67%
Shares Outstanding (Basic)	40	40	37	24	24
Shares Outstanding (Diluted)	40	40	37	24	24
Shares Change (YoY)	-	6.91%	55.89%	-	-
EPS (Basic)	1.04	1.04	1.21	1.51	1.36
EPS (Diluted)	1.04	1.04	1.21	1.51	1.36
EPS Growth	0.14%	-14.53%	-19.63%	11.21%	35.67%
Free Cash Flow	11.02	55.09	30.48	44.65	15.63
Free Cash Flow Per Share	0.28	1.38	0.81	1.86	0.65
Dividend Per Share	0.500	0.500	1.000	1.000	1.200
Dividend Growth	-	-50.00%	-	-16.67%	20.00%
Operating Margin	18.68%	16.87%	31.33%	27.06%	19.67%
Profit Margin	10.66%	9.54%	17.40%	13.25%	9.95%
Free Cash Flow Margin	2.83%	12.67%	11.69%	16.33%	4.77%
EBITDA	81.95	83.41	92.23	83.91	74.87
EBITDA Margin	21.02%	19.19%	35.36%	30.69%	22.86%
D&A For EBITDA	9.15	10.06	10.5	9.92	10.46
EBIT	72.8	73.36	81.73	73.98	64.4
EBIT Margin	18.68%	16.87%	31.33%	27.06%	19.67%
Effective Tax Rate	37.90%	37.38%	36.27%	43.14%	40.00%

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.