Sikder Insurance Company Limited (DSE:SICL)

Sikder Insurance Company Income Statement

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

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Premiums & Annuity Revenue	202.42	118.67	106.8	126.51	155.47
Total Interest & Dividend Income	12.91	14.34	88.13	13.77	14.57
Gain (Loss) on Sale of Investments	-	-	0.11	1.5	1.12
Other Revenue	48.1	18.99	25.02	22.37	22.31
Total Revenue	263.43	152.01	220.06	164.15	193.48
Revenue Growth (YoY)	73.29%	-30.92%	34.06%	-15.16%	19.75%
Policy Benefits	70.07	7.88	47.85	1.37	33.36
Policy Acquisition & Underwriting Costs	37.06	6.92	15.26	28.86	33.62
Depreciation & Amortization	4.26	4.94	6.03	4.11	5.38
Selling, General & Administrative	112.3	85.82	81.3	100.14	105.48
Other Operating Expenses	0.1	0.1	-	-	-
Total Operating Expenses	224.11	105.91	150.44	134.47	177.84
Operating Income	39.32	46.11	69.62	29.68	15.64
Interest Expense	-	-	-	-6.47	-5.23
Other Non Operating Income (Expenses)	-0.41	-0.33	-0.89	-	-0.2
EBT Excluding Unusual Items	38.91	45.77	68.73	23.21	10.21
Gain (Loss) on Sale of Assets	-	-	-	-0.15	-
Pretax Income	38.91	45.77	68.73	23.06	10.21
Income Tax Expense	7.84	14.97	15.38	5.55	2.03
Net Income	31.07	30.81	53.35	17.51	8.17
Preferred Dividends & Other Adjustments	1.85	2.18	3.27	-	-
Net Income to Common	29.21	28.63	50.08	17.51	8.17
Net Income Growth	0.85%	-42.25%	204.63%	114.25%	-11.20%
Shares Outstanding (Basic)	24	24	24	24	24
Shares Outstanding (Diluted)	24	24	24	24	24
Shares Change (YoY)	-	-	0.04%	-0.21%	-0.75%
EPS (Basic)	1.22	1.19	2.09	0.73	0.34
EPS (Diluted)	1.22	1.19	2.09	0.73	0.34
EPS Growth	2.29%	-42.97%	185.82%	114.71%	-10.53%
Free Cash Flow	52.62	64.26	74.11	12.07	48.78
Free Cash Flow Per Share	2.19	2.68	3.09	0.50	2.03
Operating Margin	14.92%	30.33%	31.64%	18.08%	8.08%
Profit Margin	11.09%	18.83%	22.75%	10.67%	4.23%
Free Cash Flow Margin	19.97%	42.28%	33.68%	7.35%	25.21%
EBITDA	43.58	51.05	75.66	33.79	21.02
EBITDA Margin	16.54%	33.58%	34.38%	20.59%	10.86%
D&A For EBITDA	4.26	4.94	6.03	4.11	5.38
EBIT	39.32	46.11	69.62	29.68	15.64
EBIT Margin	14.92%	30.33%	31.64%	18.08%	8.08%
Effective Tax Rate	20.15%	32.70%	22.38%	24.07%	19.91%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.