Mercantile Islami Insurance PLC (DSE:MERCINS)

DSE:MERCINS 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	377.14	388.61	308.87	315.79	296.54	227.45
Total Interest & Dividend Income	104.31	103.66	94.45	79.24	64.62	78.43
Gain (Loss) on Sale of Investments	-7.6	-7.6	1.35	2.79	12.35	-
Other Revenue	23.84	26.65	44.97	51.17	48.77	47.56
Total Revenue	497.69	511.32	449.64	448.98	422.28	353.43
Revenue Growth (YoY)	7.95%	13.72%	0.15%	6.32%	19.48%	15.39%
Policy Benefits	223.76	220.99	179.61	127.56	148.52	102.27
Policy Acquisition & Underwriting Costs	55.29	55.29	60.61	66.83	28.04	53.28
Depreciation & Amortization	-	-	13.58	14.42	4.68	3.97
Selling, General & Administrative	124.81	137.58	146.01	129.65	120.36	99.82
Total Operating Expenses	403.86	413.85	399.81	338.46	301.61	259.33
Operating Income	93.83	97.47	49.83	110.52	120.68	94.1
Other Non Operating Income (Expenses)	-2.22	-2.22	-2.06	-1.86	-1.94	-0.72
EBT Excluding Unusual Items	91.61	95.25	47.77	108.66	118.73	93.38
Pretax Income	91.61	95.25	47.77	108.66	118.73	93.38
Income Tax Expense	9.17	11.62	-1.99	24.58	29.24	20.84
Net Income	82.44	83.63	49.76	84.08	89.49	72.54
Net Income to Common	82.44	83.63	49.76	84.08	89.49	72.54
Net Income Growth	83.76%	68.08%	-40.82%	-6.05%	23.36%	17.65%
Shares Outstanding (Basic)	43	43	43	43	43	43
Shares Outstanding (Diluted)	43	43	43	43	43	43
Shares Change (YoY)	0.03%	-	-	-	-	-
EPS (Basic)	1.91	1.94	1.15	1.95	2.08	1.68
EPS (Diluted)	1.91	1.94	1.15	1.95	2.08	1.68
EPS Growth	83.69%	68.08%	-40.82%	-6.05%	23.36%	17.65%
Free Cash Flow	72.89	77.23	36.12	20	41.33	45.87
Free Cash Flow Per Share	1.69	1.79	0.84	0.46	0.96	1.06
Dividend Per Share	1.000	1.000	1.000	1.000	1.000	1.000
Dividend Growth	-	-	-	-	-	42.86%
Operating Margin	18.85%	19.06%	11.08%	24.62%	28.58%	26.62%
Profit Margin	16.56%	16.36%	11.07%	18.73%	21.19%	20.52%
Free Cash Flow Margin	14.65%	15.10%	8.03%	4.45%	9.79%	12.98%
EBITDA	99.44	102.94	56.28	118.05	125.35	98.07
EBITDA Margin	19.98%	20.13%	12.52%	26.29%	29.68%	27.75%
D&A For EBITDA	5.61	5.47	6.45	7.53	4.68	3.97
EBIT	93.83	97.47	49.83	110.52	120.68	94.1
EBIT Margin	18.85%	19.06%	11.08%	24.62%	28.58%	26.62%
Effective Tax Rate	10.01%	12.20%	-	22.62%	24.63%	22.32%

Updated Nov 4, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.