Prime Insurance Company Limited (DSE: PRIMEINSUR)

Prime 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	700.08	609.74	515.94	327.05	156.18	137.35
Total Interest & Dividend Income	35.95	44.47	45.91	30.61	42.6	25.04
Gain (Loss) on Sale of Investments	-14.79	-14.79	-7.97	40.16	32.28	-27.97
Other Revenue	202.72	185.46	177.37	101.19	119.39	135.64
Total Revenue	923.96	824.89	731.25	499.01	350.45	270.06
Revenue Growth (YoY)	21.54%	12.81%	46.54%	42.39%	29.77%	-11.36%
Policy Benefits	99.5	64.91	77.57	98.76	4.51	-49.64
Policy Acquisition & Underwriting Costs	204.3	187.44	164.47	38.82	105.5	95.22
Depreciation & Amortization	50.41	50.41	33.51	16.36	10.53	9.09
Selling, General & Administrative	413.97	368.06	295.81	245.6	121.69	126.97
Total Operating Expenses	785.58	688.22	577.43	403.54	247.45	185.68
Operating Income	138.39	136.67	153.82	95.47	103	84.38
Other Non Operating Income (Expenses)	-3.69	-3.69	-3.35	-3.01	-2.09	-1
EBT Excluding Unusual Items	134.7	132.98	150.46	92.46	100.91	83.38
Gain (Loss) on Sale of Assets	-	-	-	-	0.38	1.48
Other Unusual Items	-	-	-	-	7.84	-
Pretax Income	134.7	132.98	150.46	92.46	109.14	84.86
Income Tax Expense	45.16	33.76	53.29	10.34	55.63	67.37
Net Income	89.54	99.22	97.17	82.12	53.51	17.49
Net Income to Common	89.54	99.22	97.17	82.12	53.51	17.49
Net Income Growth	22.31%	2.11%	18.33%	53.46%	205.96%	-61.87%
Shares Outstanding (Basic)	41	41	41	41	41	41
Shares Outstanding (Diluted)	41	41	41	41	41	41
EPS (Basic)	2.19	2.43	2.38	2.01	1.31	0.43
EPS (Diluted)	2.19	2.43	2.38	2.01	1.31	0.43
EPS Growth	22.31%	2.11%	18.33%	53.46%	205.96%	-61.87%
Free Cash Flow	134.3	30.51	176.07	83.13	170.36	173.38
Free Cash Flow Per Share	3.29	0.75	4.31	2.03	4.17	4.24
Dividend Per Share	1.200	1.200	1.000	1.500	1.000	-
Dividend Growth	20.00%	20.00%	-33.33%	50.00%	-	-
Operating Margin	14.98%	16.57%	21.03%	19.13%	29.39%	31.24%
Profit Margin	9.69%	12.03%	13.29%	16.46%	15.27%	6.48%
Free Cash Flow Margin	14.53%	3.70%	24.08%	16.66%	48.61%	64.20%
EBITDA	168.75	168.26	187.33	111.83	113.53	93.46
EBITDA Margin	18.26%	20.40%	25.62%	22.41%	32.40%	34.61%
D&A For EBITDA	30.37	31.59	33.51	16.36	10.53	9.09
EBIT	138.39	136.67	153.82	95.47	103	84.38
EBIT Margin	14.98%	16.57%	21.03%	19.13%	29.39%	31.24%
Effective Tax Rate	33.53%	25.39%	35.42%	11.18%	50.97%	79.39%

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