Paramount Insurance Company Limited (DSE: PARAMOUNT)

PARAMOUNT 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	370.86	293.24	280.04	297.05	199.59	151.26
Total Interest & Dividend Income	37.4	30.55	26.84	25.33	30.78	24.58
Gain (Loss) on Sale of Investments	15.82	-2.17	-0.9	24.78	128.76	7.34
Other Revenue	27.8	28.31	35.3	35.4	39.45	24.84
Total Revenue	451.88	349.94	341.29	382.56	398.59	208.01
Revenue Growth (YoY)	49.17%	2.53%	-10.79%	-4.02%	91.61%	28.89%
Policy Benefits	153.62	107.24	111.05	62.35	19.63	41.08
Policy Acquisition & Underwriting Costs	7.75	3.88	-	9.16	30.93	33.71
Depreciation & Amortization	5.15	5.15	5.62	4.98	4.2	4.33
Selling, General & Administrative	152.14	137.15	122.39	128.68	96.6	75.55
Other Operating Expenses	0.62	0.62	0.28	0.31	0.36	0.49
Reinsurance Income or Expense	-0.01	-0.01	-0.03	-0.05	-0.23	-0.07
Total Operating Expenses	320.28	255.04	240.37	206.53	152.16	155.43
Operating Income	131.61	94.9	100.92	176.02	246.43	52.58
Other Non Operating Income (Expenses)	-0.51	-0.51	-0.56	-0.54	-0.45	-0.26
EBT Excluding Unusual Items	131.1	94.39	100.35	175.48	245.98	52.32
Gain (Loss) on Sale of Assets	0.81	-	0.22	-	0.27	0.12
Pretax Income	131.9	94.39	100.58	175.48	246.25	52.44
Income Tax Expense	32.88	23.9	24.54	52.41	63.96	13.7
Net Income	99.02	70.49	76.03	123.07	182.29	38.75
Net Income to Common	99.02	70.49	76.03	123.07	182.29	38.75
Net Income Growth	64.11%	-7.28%	-38.22%	-32.48%	370.47%	123.46%
Shares Outstanding (Basic)	41	41	41	41	41	41
Shares Outstanding (Diluted)	41	41	41	41	41	41
Shares Change (YoY)	-	-	-	-	-	-0.00%
EPS (Basic)	2.44	1.73	1.87	3.03	4.48	0.95
EPS (Diluted)	2.44	1.73	1.87	3.03	4.48	0.95
EPS Growth	64.11%	-7.28%	-38.22%	-32.48%	370.47%	123.46%
Free Cash Flow	47.81	59.84	-26.83	-148.95	85.71	-3.85
Free Cash Flow Per Share	1.18	1.47	-0.66	-3.66	2.11	-0.09
Dividend Per Share	1.000	1.000	1.000	1.000	-	0.163
Operating Margin	29.12%	27.12%	29.57%	46.01%	61.83%	25.28%
Profit Margin	21.91%	20.14%	22.28%	32.17%	45.73%	18.63%
Free Cash Flow Margin	10.58%	17.10%	-7.86%	-38.94%	21.50%	-1.85%
EBITDA	136.69	99.77	106.54	181	250.63	56.91
EBITDA Margin	30.25%	28.51%	31.22%	47.31%	62.88%	27.36%
D&A For EBITDA	5.08	4.87	5.62	4.98	4.2	4.33
EBIT	131.61	94.9	100.92	176.02	246.43	52.58
EBIT Margin	29.12%	27.12%	29.57%	46.01%	61.83%	25.28%
Effective Tax Rate	24.93%	25.32%	24.40%	29.86%	25.97%	26.12%

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