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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	1,399	1,339	1,274	1,149	1,063	1,325
Total Interest & Dividend Income	553.2	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	431.34	334.15	319.9	276.85	260.23	251.03
Total Revenue	2,383	2,084	1,910	1,741	1,695	1,965
Revenue Growth (YoY)	19.84%	9.12%	9.68%	2.69%	-13.73%	5.41%
Policy Benefits	422.84	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	416.74	423.17	412.45	358.62	324.08	423.19
Total Operating Expenses	1,160	1,072	1,025	898.51	921.58	1,113
Operating Income	1,224	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	1,217	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	1,218	1,007	882.68	836.86	770.48	849.76
Income Tax Expense	394.09	316.43	266.75	249.05	222.3	264.34
Net Income	823.92	690.18	615.93	587.81	548.18	585.42
Net Income to Common	823.92	690.18	615.93	587.81	548.18	585.42
Net Income Growth	18.21%	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)	7.83	6.56	5.86	5.59	5.21	5.57
EPS (Diluted)	7.83	6.56	5.86	5.59	5.21	5.57
EPS Growth	18.21%	12.05%	4.78%	7.23%	-6.36%	17.52%
Free Cash Flow	541.92	447.84	538.96	645.8	572.4	142.14
Free Cash Flow Per Share	5.15	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	51.34%	48.58%	46.32%	48.40%	45.64%	43.35%
Profit Margin	34.57%	33.12%	32.25%	33.76%	32.33%	29.79%
Free Cash Flow Margin	22.74%	21.49%	28.22%	37.09%	33.76%	7.23%
EBITDA	1,255	1,051	923.86	882.45	815.45	891.43
EBITDA Margin	52.65%	50.44%	48.38%	50.68%	48.10%	45.36%
D&A For EBITDA	31.11	38.83	39.25	39.79	41.55	39.41
EBIT	1,224	1,012	884.62	842.66	773.9	852.03
EBIT Margin	51.34%	48.58%	46.32%	48.40%	45.64%	43.35%
Effective Tax Rate	32.36%	31.43%	30.22%	29.76%	28.85%	31.11%

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