Nitol Insurance Company Limited (DSE:NITOLINS)

Nitol Insurance Company 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	384.83	381.42	361.46	347.5	360.08	477.22
Total Interest & Dividend Income	38.64	37.18	42.92	51.33	52.5	76.32
Gain (Loss) on Sale of Investments	0.34	0.34	0.03	-0.34	0.12	-
Other Revenue	85.31	85.42	90.78	71.76	62.53	45.97
Total Revenue	509.13	504.36	495.19	470.25	475.23	599.5
Revenue Growth (YoY)	2.59%	1.85%	5.30%	-1.05%	-20.73%	-9.39%
Policy Benefits	97.11	98.55	112.99	90.91	91.72	170.14
Policy Acquisition & Underwriting Costs	82.29	79.7	85.01	77.2	35.17	93.14
Depreciation & Amortization	19.1	19.1	20.25	18.26	18.2	19.39
Selling, General & Administrative	201.8	197.43	189.19	172.41	171.61	160.01
Other Operating Expenses	-	-	-0.04	-0.26	-1.23	-0.95
Total Operating Expenses	400.31	394.79	407.39	358.52	315.46	441.72
Operating Income	108.83	109.57	87.79	111.72	159.76	157.78
Other Non Operating Income (Expenses)	0	0	-	-	-	-
EBT Excluding Unusual Items	108.83	109.57	87.79	111.72	159.76	157.78
Gain (Loss) on Sale of Assets	-	-	-	0	0.09	-
Pretax Income	108.83	109.57	87.79	111.73	159.85	157.78
Income Tax Expense	31.1	30.55	28.39	26.06	42.13	43.44
Net Income	77.73	79.02	59.4	85.67	117.72	114.34
Net Income to Common	77.73	79.02	59.4	85.67	117.72	114.34
Net Income Growth	37.14%	33.04%	-30.66%	-27.23%	2.96%	-11.74%
Shares Outstanding (Basic)	40	40	40	42	42	42
Shares Outstanding (Diluted)	40	40	40	42	42	42
Shares Change (YoY)	-5.01%	-	-4.76%	-	-	-
EPS (Basic)	1.94	1.97	1.48	2.03	2.79	2.71
EPS (Diluted)	1.94	1.97	1.48	2.03	2.79	2.71
EPS Growth	44.38%	33.04%	-27.20%	-27.23%	2.96%	-11.74%
Free Cash Flow	7.74	6.61	-292.44	-23.95	11.75	40.87
Free Cash Flow Per Share	0.19	0.16	-7.27	-0.57	0.28	0.97
Dividend Per Share	0.500	0.500	1.050	1.048	1.190	0.952
Dividend Growth	-50.00%	-52.38%	0.23%	-12.00%	25.00%	-33.33%
Operating Margin	21.38%	21.73%	17.73%	23.76%	33.62%	26.32%
Profit Margin	15.27%	15.67%	12.00%	18.22%	24.77%	19.07%
Free Cash Flow Margin	1.52%	1.31%	-59.06%	-5.09%	2.47%	6.82%
EBITDA	-	128.68	108.04	129.98	177.96	177.17
EBITDA Margin	-	25.51%	21.82%	27.64%	37.45%	29.55%
D&A For EBITDA	-	19.1	20.25	18.26	18.2	19.39
EBIT	108.83	109.57	87.79	111.72	159.76	157.78
EBIT Margin	21.38%	21.73%	17.73%	23.76%	33.62%	26.32%
Effective Tax Rate	28.57%	27.88%	32.34%	23.33%	26.36%	27.53%

Updated Nov 3, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.