Nitol Insurance Company Limited (DSE:NITOLINS)

Accolade 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	386.56	381.42	361.46	347.5	360.08	477.22
Total Interest & Dividend Income	36.13	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	93.7	85.42	90.78	71.76	62.53	45.97
Total Revenue	516.73	504.36	495.19	470.25	475.23	599.5
Revenue Growth (YoY)	6.22%	1.85%	5.30%	-1.05%	-20.73%	-9.39%
Policy Benefits	98.01	98.55	112.99	90.91	91.72	170.14
Policy Acquisition & Underwriting Costs	83.24	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	205.84	197.43	189.19	172.41	171.61	160.01
Other Operating Expenses	-	-	-0.04	-0.26	-1.23	-0.95
Total Operating Expenses	406.19	394.79	407.39	358.52	315.46	441.72
Operating Income	110.54	109.57	87.79	111.72	159.76	157.78
Other Non Operating Income (Expenses)	0	0	-	-	-	-
EBT Excluding Unusual Items	110.54	109.57	87.79	111.72	159.76	157.78
Gain (Loss) on Sale of Assets	-	-	-	0	0.09	-
Pretax Income	110.54	109.57	87.79	111.73	159.85	157.78
Income Tax Expense	30.6	30.55	28.39	26.06	42.13	43.44
Net Income	79.94	79.02	59.4	85.67	117.72	114.34
Net Income to Common	79.94	79.02	59.4	85.67	117.72	114.34
Net Income Growth	57.29%	33.04%	-30.66%	-27.23%	2.96%	-11.74%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
Shares Change (YoY)	0.41%	-	-	-	-	-
EPS (Basic)	1.89	1.87	1.41	2.03	2.79	2.71
EPS (Diluted)	1.89	1.87	1.41	2.03	2.79	2.71
EPS Growth	56.64%	33.04%	-30.66%	-27.23%	2.96%	-11.74%
Free Cash Flow	-280	6.61	-292.44	-23.95	11.75	40.87
Free Cash Flow Per Share	-6.62	0.16	-6.93	-0.57	0.28	0.97
Dividend Per Share	-	0.476	1.000	1.048	1.190	0.952
Dividend Growth	-	-52.38%	-4.54%	-12.00%	25.00%	-33.33%
Operating Margin	21.39%	21.73%	17.73%	23.76%	33.62%	26.32%
Profit Margin	15.47%	15.67%	12.00%	18.22%	24.77%	19.07%
Free Cash Flow Margin	-54.19%	1.31%	-59.06%	-5.09%	2.47%	6.82%
EBITDA	129.69	128.68	108.04	129.98	177.96	177.17
EBITDA Margin	25.10%	25.51%	21.82%	27.64%	37.45%	29.55%
D&A For EBITDA	19.15	19.1	20.25	18.26	18.2	19.39
EBIT	110.54	109.57	87.79	111.72	159.76	157.78
EBIT Margin	21.39%	21.73%	17.73%	23.76%	33.62%	26.32%
Effective Tax Rate	27.68%	27.88%	32.34%	23.33%	26.36%	27.53%

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