Sonar Bangla Insurance Limited (DSE: SONARBAINS)

Sonar Bangla 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	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	454.85	404.68	345.82	469.74	332.98	444.09
Total Interest & Dividend Income	26.74	42.76	31.12	25.81	27.36	27.23
Gain (Loss) on Sale of Investments	-60.96	-60.96	14.42	26.51	14.96	11.27
Other Revenue	36.64	36.83	48.01	50.31	35.7	44.62
Total Revenue	457.26	423.31	439.37	572.37	411.01	527.2
Revenue Growth (YoY)	-20.74%	-3.66%	-23.24%	39.26%	-22.04%	28.11%
Policy Benefits	142.94	114.77	14.55	153.07	33.05	120.49
Policy Acquisition & Underwriting Costs	75.64	74.15	89.18	39.94	65.96	83.52
Depreciation & Amortization	7.11	7.11	6.56	6.51	6.75	7.83
Selling, General & Administrative	190.56	179.4	185.83	241.11	157.08	178.3
Other Operating Expenses	4.68	0.1	0.1	0.1	0.1	0.1
Total Operating Expenses	420.93	375.53	296.22	440.73	262.94	390.23
Operating Income	36.33	47.78	143.15	131.64	148.07	136.98
Interest Expense	-	-	-	-	-0.89	-
Other Non Operating Income (Expenses)	-42.66	-43.5	-15.03	-0.54	-6.16	-6.49
EBT Excluding Unusual Items	-6.33	4.28	128.12	131.1	141.01	130.49
Gain (Loss) on Sale of Assets	0.87	0.87	0.76	-0.03	-	-
Pretax Income	-5.46	5.15	128.87	131.07	141.01	130.49
Income Tax Expense	28.44	26.75	31.36	26.54	41.35	43.28
Earnings From Continuing Ops.	-33.9	-21.6	97.51	104.53	99.66	87.21
Minority Interest in Earnings	-17.3	-21.6	-3.96	-4.66	-3.62	-4.58
Net Income	-51.2	-43.21	93.55	99.87	96.04	82.63
Preferred Dividends & Other Adjustments	-103.49	-105.28	19.96	17.62	12.49	14.08
Net Income to Common	52.29	62.08	73.59	82.25	83.55	68.55
Net Income Growth	-	-	-6.33%	3.99%	16.23%	34.20%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
EPS (Basic)	1.24	1.48	1.75	1.96	1.99	1.63
EPS (Diluted)	1.24	1.48	1.75	1.96	1.99	1.63
EPS Growth	-31.76%	-15.64%	-10.54%	-1.56%	21.89%	10.29%
Free Cash Flow	-24.27	-17.99	105.5	93.82	145.6	48.48
Free Cash Flow Per Share	-0.58	-0.43	2.51	2.23	3.46	1.15
Dividend Per Share	-	1.000	0.952	1.429	1.429	0.952
Dividend Growth	-	5.00%	-33.33%	0%	50.00%	-
Operating Margin	7.95%	11.29%	32.58%	23.00%	36.03%	25.98%
Profit Margin	11.44%	14.66%	16.75%	14.37%	20.33%	13.00%
Free Cash Flow Margin	-5.31%	-4.25%	24.01%	16.39%	35.42%	9.20%
EBITDA	-	54.87	149.71	138.14	154.82	144.81
EBITDA Margin	-	12.96%	34.07%	24.14%	37.67%	27.47%
D&A For EBITDA	-	7.09	6.56	6.51	6.75	7.83
EBIT	36.33	47.78	143.15	131.64	148.07	136.98
EBIT Margin	7.95%	11.29%	32.58%	23.00%	36.03%	25.98%
Effective Tax Rate	-	519.73%	24.34%	20.25%	29.32%	33.17%

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