National Life Insurance PLC (DSE: NATLIFEINS)

National Life Insurance 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	20,116	18,628	16,105	14,154	11,970	10,752
Total Interest & Dividend Income	4,751	3,741	3,463	3,424	3,420	3,218
Other Revenue	56.33	60.24	104.1	162.37	68.04	74.02
Total Revenue	24,923	22,429	19,671	17,741	15,458	14,044
Revenue Growth (YoY)	15.47%	14.02%	10.88%	14.77%	10.07%	11.38%
Policy Benefits	10,842	11,008	10,521	8,815	7,989	7,349
Policy Acquisition & Underwriting Costs	3,008	2,836	2,397	2,251	1,859	1,785
Depreciation & Amortization	202.02	163.98	142.16	128.26	130.89	123.31
Selling, General & Administrative	794.75	673.13	583.32	490.66	411.43	468.85
Other Operating Expenses	25.56	13.4	9.93	21.34	31.31	-29.92
Total Operating Expenses	16,568	16,348	14,934	12,912	11,597	10,850
Operating Income	8,355	6,080	4,738	4,829	3,861	3,194
Interest Expense	-4.4	-5.27	-8.21	-8.11	-6.94	-4.5
Other Non Operating Income (Expenses)	-102.73	-114.83	-85.83	-102.94	-44.29	-51.59
EBT Excluding Unusual Items	8,248	5,960	4,644	4,718	3,810	3,137
Gain (Loss) on Sale of Assets	0.12	0.16	300.47	0.31	0.12	0.42
Other Unusual Items	-	-	-	-5	-	-
Pretax Income	8,248	5,960	4,944	4,713	3,810	3,138
Income Tax Expense	543.15	537.45	356.81	481.92	362.15	388.51
Earnings From Continuing Ops.	7,705	5,423	4,587	4,231	3,448	2,749
Minority Interest in Earnings	-1.13	-1.08	-2.69	-3.77	-2.25	-1.33
Net Income	7,704	5,422	4,585	4,227	3,446	2,748
Net Income to Common	7,704	5,422	4,585	4,227	3,446	2,748
Net Income Growth	68.92%	18.26%	8.46%	22.68%	25.39%	31.74%
Shares Outstanding (Basic)	109	109	109	109	109	109
Shares Outstanding (Diluted)	109	109	109	109	109	109
EPS (Basic)	70.99	49.96	42.25	38.95	31.75	25.32
EPS (Diluted)	70.99	49.96	42.25	38.95	31.75	25.32
EPS Growth	68.92%	18.26%	8.46%	22.68%	25.39%	31.74%
Free Cash Flow	7,128	4,761	2,448	3,945	4,366	3,397
Free Cash Flow Per Share	65.68	43.87	22.56	36.35	40.23	31.30
Dividend Per Share	3.800	3.800	3.800	3.500	3.200	2.800
Dividend Growth	0%	0%	8.57%	9.38%	14.29%	-6.67%
Operating Margin	33.52%	27.11%	24.08%	27.22%	24.98%	22.74%
Profit Margin	30.91%	24.17%	23.31%	23.83%	22.29%	19.57%
Free Cash Flow Margin	28.60%	21.23%	12.45%	22.24%	28.24%	24.19%
EBITDA	8,487	6,174	4,818	4,898	3,935	3,317
EBITDA Margin	34.05%	27.53%	24.49%	27.61%	25.45%	23.62%
D&A For EBITDA	131.58	93.54	80.23	69.33	73.21	123.31
EBIT	8,355	6,080	4,738	4,829	3,861	3,194
EBIT Margin	33.52%	27.11%	24.08%	27.22%	24.98%	22.74%
Effective Tax Rate	6.59%	9.02%	7.22%	10.23%	9.50%	12.38%

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