DSE:NORTHRNINS Income Statement

Financials in millions BDT. Fiscal year is January - December.

Millions BDT. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	278.51	467.28	563.18	688.98	571.19	564.05
Total Interest & Dividend Income	78.72	75.19	60.7	45.1	42.17	37.95
Gain (Loss) on Sale of Investments	-0.02	-0.02	0.01	-0.01	0.04	0.05
Other Revenue	38.15	57.46	71.77	90.58	81.81	100.36
Total Revenue	395.36	599.91	695.67	824.65	695.21	702.41
Revenue Growth (YoY)	-43.06%	-13.76%	-15.64%	18.62%	-1.03%	47.23%
Policy Benefits	-25.85	86.72	142.03	246.33	235.47	155.8
Policy Acquisition & Underwriting Costs	78.82	120.23	135.09	150.61	61.57	137.46
Depreciation & Amortization	18.88	18.88	19.05	18.74	14.41	15.53
Selling, General & Administrative	192.92	270.92	297.17	316.05	294.01	304.61
Other Operating Expenses	0.53	0.53	1.28	0.71	0.85	0.87
Total Operating Expenses	265.3	497.27	594.62	732.44	606.31	614.28
Operating Income	130.06	102.64	101.05	92.21	88.9	88.13
Other Non Operating Income (Expenses)	-1.54	-1.54	-1.59	-1.94	-1.4	-0.97
EBT Excluding Unusual Items	128.52	101.1	99.45	90.27	87.5	87.17
Gain (Loss) on Sale of Assets	-	-	-	-0.19	0.71	-
Other Unusual Items	-	-	-	-	-	1.51
Pretax Income	128.52	101.1	99.45	90.07	88.21	88.68
Income Tax Expense	25.74	23.83	21.53	13.33	13.14	14.38
Net Income	102.79	77.27	77.92	76.75	75.07	74.3
Net Income to Common	102.79	77.27	77.92	76.75	75.07	74.3
Net Income Growth	-8.23%	-0.84%	1.53%	2.23%	1.04%	1.05%
Shares Outstanding (Basic)	43	43	43	43	43	43
Shares Outstanding (Diluted)	43	43	43	43	43	43
EPS (Basic)	2.41	1.81	1.83	1.80	1.76	1.74
EPS (Diluted)	2.41	1.81	1.83	1.80	1.76	1.74
EPS Growth	-8.23%	-0.84%	1.53%	2.23%	1.04%	1.05%
Free Cash Flow	10.16	127.75	249.71	245.99	152.02	274.25
Free Cash Flow Per Share	0.24	3.00	5.85	5.77	3.56	6.43
Dividend Per Share	1.000	1.000	1.000	1.000	1.000	1.000
Operating Margin	32.90%	17.11%	14.52%	11.18%	12.79%	12.55%
Profit Margin	26.00%	12.88%	11.20%	9.31%	10.80%	10.58%
Free Cash Flow Margin	2.57%	21.30%	35.90%	29.83%	21.87%	39.04%
EBITDA	147.83	121.45	120.01	108.58	103.27	103.6
EBITDA Margin	37.39%	20.24%	17.25%	13.17%	14.85%	14.75%
D&A For EBITDA	17.77	18.81	18.97	16.38	14.37	15.47
EBIT	130.06	102.64	101.05	92.21	88.9	88.13
EBIT Margin	32.90%	17.11%	14.52%	11.18%	12.79%	12.55%
Effective Tax Rate	20.02%	23.57%	21.65%	14.80%	14.89%	16.21%

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