Republic Insurance Company Limited (DSE:REPUBLIC)

DSE:REPUBLIC Income Statement

Financials in millions BDT. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	520.83	533.38	624.8	503.23	411.49	506.39
Total Interest & Dividend Income	60.43	53.96	44.08	36.28	34.12	39.96
Gain (Loss) on Sale of Investments	-2.73	-2.73	0.12	-	-	-
Other Revenue	48.04	55.47	67.88	57.97	74.22	60.95
Total Revenue	626.58	640.08	736.88	597.48	519.84	607.31
Revenue Growth (YoY)	-16.00%	-13.14%	23.33%	14.94%	-14.40%	17.71%
Policy Benefits	129.75	123.05	37.68	-28.48	69.64	55.66
Policy Acquisition & Underwriting Costs	96.28	100.07	116.75	105.06	53	112.98
Depreciation & Amortization	9.53	9.53	9.85	8.55	8.7	9.17
Selling, General & Administrative	307.45	312.62	339.95	296.14	257.3	235.44
Total Operating Expenses	551.95	554.75	514.73	392.05	399.42	423.38
Operating Income	74.63	85.33	222.15	205.43	120.42	183.92
Currency Exchange Gain (Loss)	-	-	0.01	0.08	0	-0
Other Non Operating Income (Expenses)	-2.43	-2.43	-2.37	-2.93	-0.97	1.53
EBT Excluding Unusual Items	72.19	82.9	219.79	202.58	119.45	185.46
Gain (Loss) on Sale of Investments	-	-	-	-0.1	3.73	2.69
Gain (Loss) on Sale of Assets	0.87	0.87	0.3	1.64	-	-
Other Unusual Items	-1.6	-1.6	-1.6	-	-	-
Pretax Income	71.46	82.17	218.49	204.12	123.18	188.14
Income Tax Expense	17.05	22.84	35.07	65.91	47.33	44.64
Net Income	54.41	59.33	183.42	138.21	75.85	143.5
Net Income to Common	54.41	59.33	183.42	138.21	75.85	143.5
Net Income Growth	-70.10%	-67.65%	32.71%	82.20%	-47.14%	23.57%
Shares Outstanding (Basic)	55	55	55	55	55	55
Shares Outstanding (Diluted)	55	55	55	55	55	55
EPS (Basic)	0.99	1.08	3.35	2.53	1.39	2.62
EPS (Diluted)	0.99	1.08	3.35	2.53	1.39	2.62
EPS Growth	-70.10%	-67.65%	32.71%	82.20%	-47.14%	23.57%
Free Cash Flow	26.53	53.23	50.79	72.15	83.13	129.13
Free Cash Flow Per Share	0.48	0.97	0.93	1.32	1.52	2.36
Dividend Per Share	0.571	0.571	1.048	1.000	0.907	0.593
Dividend Growth	-45.46%	-45.46%	4.76%	10.25%	52.85%	7.00%
Operating Margin	11.91%	13.33%	30.15%	34.38%	23.16%	30.29%
Profit Margin	8.68%	9.27%	24.89%	23.13%	14.59%	23.63%
Free Cash Flow Margin	4.23%	8.32%	6.89%	12.08%	15.99%	21.26%
EBITDA	-	94.51	231.62	213.71	128.83	192.82
EBITDA Margin	-	14.77%	31.43%	35.77%	24.78%	31.75%
D&A For EBITDA	-	9.18	9.47	8.28	8.41	8.9
EBIT	74.63	85.33	222.15	205.43	120.42	183.92
EBIT Margin	11.91%	13.33%	30.15%	34.38%	23.16%	30.29%
Effective Tax Rate	23.86%	27.79%	16.05%	32.29%	38.42%	23.73%

Updated Nov 3, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.