Karnaphuli Insurance Income Statement

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

Millions BDT. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	490.28	463.98	374.56	353.07	340.39	282.69
Total Interest & Dividend Income	67.33	62.22	53.79	49.41	45.54	54.82
Gain (Loss) on Sale of Investments	0.55	0.11	0.6	5.26	13.39	-0.33
Other Revenue	41.04	42.59	54.14	37.18	35.71	36.53
Total Revenue	599.21	568.91	483.08	444.91	435.04	373.7
Revenue Growth (YoY)	13.54%	17.77%	8.58%	2.27%	16.41%	31.95%
Policy Benefits	212.72	162.54	100.8	61.98	93.68	55.69
Policy Acquisition & Underwriting Costs	152.24	83.85	78.77	72.11	27.07	59.46
Depreciation & Amortization	11.65	11.65	7.74	8.32	7.2	4.65
Selling, General & Administrative	98.73	192.46	185.41	192.17	162.79	157.82
Total Operating Expenses	475.34	450.5	372.71	334.59	290.73	277.62
Operating Income	123.87	118.41	110.37	110.33	144.31	96.09
Interest Expense	-0.6	-0.6	-	-0.17	-0.18	-0.38
EBT Excluding Unusual Items	123.27	117.81	110.37	110.16	144.13	95.7
Gain (Loss) on Sale of Assets	1.51	1.51	-	0.82	-	-
Pretax Income	124.78	119.32	110.37	110.98	144.13	95.7
Income Tax Expense	25.95	22.63	25.63	27.56	37.77	23.85
Net Income	98.83	96.69	84.74	83.42	106.36	71.85
Net Income to Common	98.83	96.69	84.74	83.42	106.36	71.85
Net Income Growth	3.28%	14.10%	1.59%	-21.57%	48.03%	45.75%
Shares Outstanding (Basic)	45	45	45	45	45	45
Shares Outstanding (Diluted)	45	45	45	45	45	45
EPS (Basic)	2.20	2.15	1.89	1.86	2.37	1.60
EPS (Diluted)	2.20	2.15	1.89	1.86	2.37	1.60
EPS Growth	3.28%	14.10%	1.59%	-21.57%	48.03%	45.75%
Free Cash Flow	77.08	121.35	108.22	35.41	146.91	237.92
Free Cash Flow Per Share	1.72	2.70	2.41	0.79	3.27	5.30
Dividend Per Share	1.000	1.000	1.000	1.000	1.200	1.000
Dividend Growth	-	-	-	-16.67%	20.00%	-
Operating Margin	20.67%	20.81%	22.85%	24.80%	33.17%	25.71%
Profit Margin	16.49%	17.00%	17.54%	18.75%	24.45%	19.23%
Free Cash Flow Margin	12.86%	21.33%	22.40%	7.96%	33.77%	63.67%
EBITDA	132.55	126.78	118.11	118.65	151.51	100.73
EBITDA Margin	22.12%	22.29%	24.45%	26.67%	34.83%	26.96%
D&A For EBITDA	8.68	8.37	7.74	8.32	7.2	4.65
EBIT	123.87	118.41	110.37	110.33	144.31	96.09
EBIT Margin	20.67%	20.81%	22.85%	24.80%	33.17%	25.71%
Effective Tax Rate	20.79%	18.96%	23.22%	24.83%	26.21%	24.92%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.