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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	400.54	381.42	361.46	347.5	360.08	477.22
Total Interest & Dividend Income	33.22	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	98.61	85.42	90.78	71.76	62.53	45.97
Total Revenue	532.7	504.36	495.19	470.25	475.23	599.5
Revenue Growth (YoY)	11.35%	1.85%	5.30%	-1.05%	-20.73%	-9.39%
Policy Benefits	102.48	98.55	112.99	90.91	91.72	170.14
Policy Acquisition & Underwriting Costs	89.4	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	206.59	197.43	189.19	172.41	171.61	160.01
Other Operating Expenses	-	-	-0.04	-0.26	-1.23	-0.95
Total Operating Expenses	417.57	394.79	407.39	358.52	315.46	441.72
Operating Income	115.13	109.57	87.79	111.72	159.76	157.78
Other Non Operating Income (Expenses)	0	0	-	-	-	-
EBT Excluding Unusual Items	115.13	109.57	87.79	111.72	159.76	157.78
Gain (Loss) on Sale of Assets	-	-	-	0	0.09	-
Pretax Income	115.13	109.57	87.79	111.73	159.85	157.78
Income Tax Expense	30.9	30.55	28.39	26.06	42.13	43.44
Net Income	84.23	79.02	59.4	85.67	117.72	114.34
Net Income to Common	84.23	79.02	59.4	85.67	117.72	114.34
Net Income Growth	75.72%	33.04%	-30.66%	-27.23%	2.96%	-11.74%
Shares Outstanding (Basic)	43	42	42	42	42	42
Shares Outstanding (Diluted)	43	42	42	42	42	42
Shares Change (YoY)	1.91%	-	-	-	-	-
EPS (Basic)	1.97	1.87	1.41	2.03	2.79	2.71
EPS (Diluted)	1.97	1.87	1.41	2.03	2.79	2.71
EPS Growth	72.42%	33.04%	-30.66%	-27.23%	2.96%	-11.74%
Free Cash Flow	-257.75	6.61	-292.44	-23.95	11.75	40.87
Free Cash Flow Per Share	-6.04	0.16	-6.93	-0.57	0.28	0.97
Dividend Per Share	0.476	0.476	1.000	1.048	1.190	0.952
Dividend Growth	-52.38%	-52.38%	-4.54%	-12.00%	25.00%	-33.33%
Operating Margin	21.61%	21.73%	17.73%	23.76%	33.62%	26.32%
Profit Margin	15.81%	15.67%	12.00%	18.22%	24.77%	19.07%
Free Cash Flow Margin	-48.38%	1.31%	-59.06%	-5.09%	2.47%	6.82%
EBITDA	135.4	128.68	108.04	129.98	177.96	177.17
EBITDA Margin	25.42%	25.51%	21.82%	27.64%	37.45%	29.55%
D&A For EBITDA	20.27	19.1	20.25	18.26	18.2	19.39
EBIT	115.13	109.57	87.79	111.72	159.76	157.78
EBIT Margin	21.61%	21.73%	17.73%	23.76%	33.62%	26.32%
Effective Tax Rate	26.84%	27.88%	32.34%	23.33%	26.36%	27.53%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.