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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	705.48	609.74	515.94	327.05	156.18	137.35
Total Interest & Dividend Income	46.84	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	199.58	185.46	177.37	101.19	119.39	135.64
Total Revenue	937.11	824.89	731.25	499.01	350.45	270.06
Revenue Growth (YoY)	19.41%	12.81%	46.54%	42.39%	29.77%	-11.36%
Policy Benefits	91.1	64.91	77.57	98.76	4.51	-49.64
Policy Acquisition & Underwriting Costs	227.27	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	410.2	368.06	295.81	245.6	121.69	126.97
Total Operating Expenses	796.38	688.22	577.43	403.54	247.45	185.68
Operating Income	140.73	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	137.05	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	137.05	132.98	150.46	92.46	109.14	84.86
Income Tax Expense	45.87	33.76	53.29	10.34	55.63	67.37
Net Income	91.18	99.22	97.17	82.12	53.51	17.49
Net Income to Common	91.18	99.22	97.17	82.12	53.51	17.49
Net Income Growth	8.58%	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)	2.23	2.43	2.38	2.01	1.31	0.43
EPS (Diluted)	2.23	2.43	2.38	2.01	1.31	0.43
EPS Growth	8.58%	2.11%	18.33%	53.46%	205.96%	-61.87%
Free Cash Flow	144.32	30.51	176.07	83.13	170.36	173.38
Free Cash Flow Per Share	3.53	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	15.02%	16.57%	21.03%	19.13%	29.39%	31.24%
Profit Margin	9.73%	12.03%	13.29%	16.46%	15.27%	6.48%
Free Cash Flow Margin	15.40%	3.70%	24.08%	16.66%	48.61%	64.20%
EBITDA	170.03	168.26	187.33	111.83	113.53	93.46
EBITDA Margin	18.14%	20.40%	25.62%	22.41%	32.40%	34.61%
D&A For EBITDA	29.29	31.59	33.51	16.36	10.53	9.09
EBIT	140.73	136.67	153.82	95.47	103	84.38
EBIT Margin	15.02%	16.57%	21.03%	19.13%	29.39%	31.24%
Effective Tax Rate	33.47%	25.39%	35.42%	11.18%	50.97%	79.39%

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