Karnaphuli Insurance PLC (DSE:KARNAPHULI)

Karnaphuli Insurance Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	476.48	463.98	374.56	353.07	340.39	282.69
Total Interest & Dividend Income	64.5	62.22	53.79	49.41	45.54	54.82
Gain (Loss) on Sale of Investments	0.03	0.11	0.6	5.26	13.39	-0.33
Other Revenue	42.01	42.59	54.14	37.18	35.71	36.53
Total Revenue	583.02	568.91	483.08	444.91	435.04	373.7
Revenue Growth (YoY)	12.08%	17.77%	8.58%	2.27%	16.41%	31.95%
Policy Benefits	178.62	162.54	100.8	61.98	93.68	55.69
Policy Acquisition & Underwriting Costs	83.85	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	187.1	192.46	185.41	192.17	162.79	157.82
Total Operating Expenses	461.23	450.5	372.71	334.59	290.73	277.62
Operating Income	121.79	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	121.2	117.81	110.37	110.16	144.13	95.7
Gain (Loss) on Sale of Assets	1.51	1.51	-	0.82	-	-
Pretax Income	122.7	119.32	110.37	110.98	144.13	95.7
Income Tax Expense	26.48	22.63	25.63	27.56	37.77	23.85
Net Income	96.22	96.69	84.74	83.42	106.36	71.85
Net Income to Common	96.22	96.69	84.74	83.42	106.36	71.85
Net Income Growth	10.40%	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)	2.14	2.15	1.89	1.86	2.37	1.60
EPS (Diluted)	2.14	2.15	1.89	1.86	2.37	1.60
EPS Growth	10.40%	14.10%	1.59%	-21.57%	48.03%	45.75%
Free Cash Flow	73.12	121.35	108.22	35.41	146.91	237.92
Free Cash Flow Per Share	1.63	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	20.89%	20.81%	22.85%	24.80%	33.17%	25.71%
Profit Margin	16.50%	17.00%	17.54%	18.75%	24.45%	19.23%
Free Cash Flow Margin	12.54%	21.33%	22.40%	7.96%	33.77%	63.67%
EBITDA	130.33	126.78	118.11	118.65	151.51	100.73
EBITDA Margin	22.36%	22.29%	24.45%	26.67%	34.83%	26.96%
D&A For EBITDA	8.54	8.37	7.74	8.32	7.2	4.65
EBIT	121.79	118.41	110.37	110.33	144.31	96.09
EBIT Margin	20.89%	20.81%	22.85%	24.80%	33.17%	25.71%
Effective Tax Rate	21.58%	18.96%	23.22%	24.83%	26.21%	24.92%

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