Northern Islami Insurance Limited (DSE: NORTHRNINS)

Northern Islami 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	548.92	563.18	688.98	571.19	564.05	376.78
Total Interest & Dividend Income	70.26	60.7	45.1	42.17	37.95	28.04
Gain (Loss) on Sale of Investments	0.01	0.01	-0.01	0.04	0.05	-
Other Revenue	75.21	71.77	90.58	81.81	100.36	72.25
Total Revenue	694.4	695.67	824.65	695.21	702.41	477.08
Revenue Growth (YoY)	21.09%	-15.64%	18.62%	-1.02%	47.23%	48.83%
Policy Benefits	95.82	142.03	246.33	235.47	155.8	129.08
Policy Acquisition & Underwriting Costs	139.66	135.09	150.61	61.57	137.46	71.4
Depreciation & Amortization	19.05	19.05	18.74	14.41	15.53	15.82
Selling, General & Administrative	305.08	297.17	316.05	294.01	304.61	166.33
Other Operating Expenses	1.28	1.28	0.71	0.85	0.87	0.8
Total Operating Expenses	560.89	594.62	732.44	606.31	614.28	383.42
Operating Income	133.51	101.05	92.21	88.9	88.13	93.65
Other Non Operating Income (Expenses)	-1.59	-1.59	-1.94	-1.4	-0.97	-0.64
EBT Excluding Unusual Items	131.92	99.45	90.27	87.5	87.17	93.02
Gain (Loss) on Sale of Assets	-	-	-0.19	0.71	-	-
Other Unusual Items	-	-	-	-	1.51	-
Pretax Income	131.92	99.45	90.07	88.21	88.68	93.02
Income Tax Expense	19.91	21.53	13.33	13.14	14.38	19.49
Net Income	112.01	77.92	76.75	75.07	74.3	73.53
Net Income to Common	112.01	77.92	76.75	75.07	74.3	73.53
Net Income Growth	185.60%	1.53%	2.23%	1.04%	1.05%	4.31%
Shares Outstanding (Basic)	43	43	43	43	43	43
Shares Outstanding (Diluted)	43	43	43	43	43	43
EPS (Basic)	2.63	1.83	1.80	1.76	1.74	1.72
EPS (Diluted)	2.63	1.83	1.80	1.76	1.74	1.72
EPS Growth	185.60%	1.53%	2.23%	1.04%	1.05%	4.31%
Free Cash Flow	218.8	249.71	245.99	152.02	274.25	134.13
Free Cash Flow Per Share	5.13	5.85	5.77	3.56	6.43	3.14
Dividend Per Share	1.000	1.000	1.000	1.000	1.000	1.000
Operating Margin	19.23%	14.52%	11.18%	12.79%	12.55%	19.63%
Profit Margin	16.13%	11.20%	9.31%	10.80%	10.58%	15.41%
Free Cash Flow Margin	31.51%	35.90%	29.83%	21.87%	39.04%	28.12%
EBITDA	151.29	120.01	108.58	103.27	103.6	109.43
EBITDA Margin	21.79%	17.25%	13.17%	14.85%	14.75%	22.94%
D&A For EBITDA	17.78	18.97	16.38	14.37	15.47	15.78
EBIT	133.51	101.05	92.21	88.9	88.13	93.65
EBIT Margin	19.23%	14.52%	11.18%	12.79%	12.55%	19.63%
Effective Tax Rate	15.09%	21.65%	14.80%	14.89%	16.21%	20.96%

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