Reliance Insurance Limited (DSE: RELIANCINS)

Reliance Insurance 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	1,377	1,339	1,274	1,149	1,063	1,325
Total Interest & Dividend Income	500.95	410.86	309.96	299.41	370.83	384.13
Gain (Loss) on Sale of Investments	0.23	0.23	5.65	16.04	1.91	5.4
Other Revenue	422.26	334.15	319.9	276.85	260.23	251.03
Total Revenue	2,301	2,084	1,910	1,741	1,695	1,965
Revenue Growth (YoY)	17.70%	9.12%	9.68%	2.69%	-13.73%	5.41%
Policy Benefits	387.05	328.26	268.49	281.28	100.18	184.37
Policy Acquisition & Underwriting Costs	281.1	281.1	304.87	186.11	432.35	438.57
Depreciation & Amortization	38.83	38.83	39.25	39.79	41.56	39.51
Selling, General & Administrative	420.2	423.17	412.45	358.62	324.08	423.19
Total Operating Expenses	1,127	1,072	1,025	898.51	921.58	1,113
Operating Income	1,173	1,012	884.62	842.66	773.9	852.03
Other Non Operating Income (Expenses)	-6.4	-6.4	-6.01	-5.9	-5.41	-4.59
EBT Excluding Unusual Items	1,167	1,006	878.6	836.76	768.49	847.44
Gain (Loss) on Sale of Assets	0.72	0.72	4.08	0.1	1.99	2.32
Pretax Income	1,168	1,007	882.68	836.86	770.48	849.76
Income Tax Expense	368.92	316.43	266.75	249.05	222.3	264.34
Net Income	798.58	690.18	615.93	587.81	548.18	585.42
Net Income to Common	798.58	690.18	615.93	587.81	548.18	585.42
Net Income Growth	24.76%	12.05%	4.78%	7.23%	-6.36%	17.52%
Shares Outstanding (Basic)	105	105	105	105	105	105
Shares Outstanding (Diluted)	105	105	105	105	105	105
EPS (Basic)	7.59	6.56	5.86	5.59	5.21	5.57
EPS (Diluted)	7.59	6.56	5.86	5.59	5.21	5.57
EPS Growth	24.76%	12.05%	4.78%	7.23%	-6.36%	17.52%
Free Cash Flow	851.11	447.84	538.96	645.8	572.4	142.14
Free Cash Flow Per Share	8.09	4.26	5.13	6.14	5.44	1.35
Dividend Per Share	2.500	2.500	2.500	2.500	2.500	2.500
Dividend Growth	0%	0%	0%	0%	0%	83.34%
Operating Margin	50.99%	48.58%	46.32%	48.40%	45.64%	43.35%
Profit Margin	34.71%	33.12%	32.25%	33.76%	32.33%	29.79%
Free Cash Flow Margin	37.00%	21.49%	28.22%	37.09%	33.76%	7.23%
EBITDA	1,207	1,051	923.86	882.45	815.45	891.43
EBITDA Margin	52.47%	50.44%	48.38%	50.68%	48.10%	45.36%
D&A For EBITDA	33.98	38.83	39.25	39.79	41.55	39.41
EBIT	1,173	1,012	884.62	842.66	773.9	852.03
EBIT Margin	50.99%	48.58%	46.32%	48.40%	45.64%	43.35%
Effective Tax Rate	31.60%	31.43%	30.22%	29.76%	28.85%	31.11%

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