Phoenix Insurance Company Limited (DSE: PHENIXINS)

Phoenix Insurance Company 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	258.51	274.1	378.48	380.32	337.87	473.27
Total Interest & Dividend Income	38.83	31.07	32.49	33.55	45.75	25.09
Gain (Loss) on Sale of Investments	-0.77	-3.07	-	-	0.79	-
Other Revenue	93.46	81.25	53.06	69.93	85.72	84.05
Total Revenue	390.03	383.35	464.02	483.8	470.14	582.41
Revenue Growth (YoY)	-11.13%	-17.39%	-4.09%	2.91%	-19.28%	1.93%
Policy Benefits	-30.49	-77.1	7.55	60.72	4.95	65.76
Policy Acquisition & Underwriting Costs	90.98	90.98	80.14	46.25	85.23	106.14
Depreciation & Amortization	36.42	36.42	34.15	11.94	10.79	11.73
Selling, General & Administrative	238.48	238.48	227.58	239.65	236.87	277.2
Total Operating Expenses	346.54	299.93	359.42	369.56	346.83	465.83
Operating Income	43.49	83.42	104.6	114.25	123.31	116.58
Other Non Operating Income (Expenses)	-1.21	-1.21	-1.52	-1.03	-1.69	-1.31
EBT Excluding Unusual Items	42.28	82.21	103.08	113.22	121.62	115.27
Gain (Loss) on Sale of Assets	-0.35	-0.35	1.86	3.71	0.27	-
Pretax Income	41.93	81.86	104.95	116.93	121.89	115.27
Income Tax Expense	-0.38	17.67	23.45	28.14	27.9	22.27
Net Income	42.31	64.19	81.49	88.79	93.99	93
Net Income to Common	42.31	64.19	81.49	88.79	93.99	93
Net Income Growth	-42.39%	-21.23%	-8.22%	-5.53%	1.06%	-9.79%
Shares Outstanding (Basic)	40	40	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40	40	40
Shares Change (YoY)	0.70%	-	-	-	-	-
EPS (Basic)	1.05	1.59	2.02	2.20	2.33	2.31
EPS (Diluted)	1.05	1.59	2.02	2.20	2.33	2.31
EPS Growth	-42.79%	-21.23%	-8.22%	-5.53%	1.06%	-9.79%
Free Cash Flow	-28.29	27.26	39.49	148.57	73.32	24.78
Free Cash Flow Per Share	-0.70	0.68	0.98	3.68	1.82	0.61
Dividend Per Share	1.200	1.200	1.500	1.500	1.500	1.200
Dividend Growth	-20.00%	-20.00%	0%	0%	25.00%	0%
Operating Margin	11.15%	21.76%	22.54%	23.61%	26.23%	20.02%
Profit Margin	10.85%	16.74%	17.56%	18.35%	19.99%	15.97%
Free Cash Flow Margin	-7.25%	7.11%	8.51%	30.71%	15.60%	4.25%
EBITDA	54.76	94.95	118.18	126.18	134.09	128.31
EBITDA Margin	14.04%	24.77%	25.47%	26.08%	28.52%	22.03%
D&A For EBITDA	11.27	11.53	13.57	11.94	10.79	11.73
EBIT	43.49	83.42	104.6	114.25	123.31	116.58
EBIT Margin	11.15%	21.76%	22.54%	23.61%	26.23%	20.02%
Effective Tax Rate	-	21.58%	22.35%	24.06%	22.89%	19.32%

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