National Life Insurance Company Limited (DSE: NATLIFEINS)

NATLIFEINS 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	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	18,897	18,628	16,105	14,154	11,970	10,752
Total Interest & Dividend Income	3,944	3,741	3,463	3,424	3,420	3,218
Other Revenue	66.8	60.24	104.1	162.37	68.04	74.02
Total Revenue	22,908	22,429	19,671	17,741	15,458	14,044
Revenue Growth (YoY)	11.15%	14.02%	10.88%	14.77%	10.07%	11.38%
Policy Benefits	10,984	11,008	10,521	8,815	7,989	7,349
Policy Acquisition & Underwriting Costs	2,881	2,836	2,397	2,251	1,859	1,785
Depreciation & Amortization	167.11	163.98	142.16	128.26	130.89	123.31
Selling, General & Administrative	715.19	673.13	583.32	490.66	411.43	468.85
Other Operating Expenses	17.37	13.4	9.93	21.34	31.31	-29.92
Total Operating Expenses	16,499	16,348	14,934	12,912	11,597	10,850
Operating Income	6,409	6,080	4,738	4,829	3,861	3,194
Interest Expense	-4.73	-5.27	-8.21	-8.11	-6.94	-4.5
Other Non Operating Income (Expenses)	-120.6	-114.83	-85.83	-102.94	-44.29	-51.59
EBT Excluding Unusual Items	6,284	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	6,284	5,960	4,944	4,713	3,810	3,138
Income Tax Expense	540.79	537.45	356.81	481.92	362.15	388.51
Earnings From Continuing Ops.	5,743	5,423	4,587	4,231	3,448	2,749
Minority Interest in Earnings	-1.18	-1.08	-2.69	-3.77	-2.25	-1.33
Net Income	5,742	5,422	4,585	4,227	3,446	2,748
Net Income to Common	5,742	5,422	4,585	4,227	3,446	2,748
Net Income Growth	18.64%	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)	52.91	49.96	42.25	38.95	31.75	25.32
EPS (Diluted)	52.91	49.96	42.25	38.95	31.75	25.32
EPS Growth	18.64%	18.26%	8.46%	22.68%	25.39%	31.74%
Free Cash Flow	4,997	4,761	2,448	3,945	4,366	3,397
Free Cash Flow Per Share	46.04	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	27.98%	27.11%	24.08%	27.22%	24.98%	22.74%
Profit Margin	25.06%	24.17%	23.31%	23.83%	22.29%	19.57%
Free Cash Flow Margin	21.81%	21.23%	12.45%	22.24%	28.24%	24.19%
EBITDA	6,506	6,174	4,818	4,898	3,935	3,317
EBITDA Margin	28.40%	27.53%	24.49%	27.61%	25.45%	23.62%
D&A For EBITDA	96.67	93.54	80.23	69.33	73.21	123.31
EBIT	6,409	6,080	4,738	4,829	3,861	3,194
EBIT Margin	27.98%	27.11%	24.08%	27.22%	24.98%	22.74%
Effective Tax Rate	8.61%	9.02%	7.22%	10.23%	9.50%	12.38%

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