Standard Insurance Limited (DSE: STANDARINS)

Standard 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	317.57	266.83	325.6	333.29	291.27	285.41
Total Interest & Dividend Income	76.61	66.8	72.77	61.12	75.84	71.91
Gain (Loss) on Sale of Investments	1.78	1.78	6.94	38.81	7.71	-
Other Revenue	45	60.97	69.4	59.16	46.57	48.86
Total Revenue	440.97	396.38	474.7	492.37	421.39	406.17
Revenue Growth (YoY)	3.98%	-16.50%	-3.59%	16.84%	3.75%	0.75%
Policy Benefits	121.05	72.63	38.94	109.05	82.67	47.87
Policy Acquisition & Underwriting Costs	60.15	61.53	75.23	34.75	59.75	60.1
Depreciation & Amortization	15.92	15.92	16.01	15.51	3.53	3.59
Selling, General & Administrative	163.13	166.92	203.46	188.23	149.78	179.38
Other Operating Expenses	-0.18	-0.18	-	-	-	-
Total Operating Expenses	360.07	316.83	333.63	347.54	295.73	290.94
Operating Income	80.89	79.56	141.08	144.83	125.66	115.23
Interest Expense	-1.99	-1.99	-2.5	-2.99	-	-
EBT Excluding Unusual Items	78.91	77.57	138.58	141.84	125.66	115.23
Gain (Loss) on Sale of Assets	0	0	0.01	-	-	-
Pretax Income	78.91	77.57	138.59	141.84	125.66	115.23
Income Tax Expense	16.23	15.49	40.71	21.57	33.09	30.64
Net Income	62.68	62.09	97.88	120.27	92.57	84.59
Preferred Dividends & Other Adjustments	-29.38	-29.38	-3.84	21.01	2.93	-
Net Income to Common	92.06	91.47	101.73	99.26	89.64	84.59
Net Income Growth	-36.65%	-36.57%	-18.61%	29.93%	9.43%	-38.90%
Shares Outstanding (Basic)	43	43	43	43	43	43
Shares Outstanding (Diluted)	43	43	43	43	43	43
Shares Change (YoY)	-0.41%	-	-	-	-	-
EPS (Basic)	2.13	2.11	2.35	2.29	2.07	1.95
EPS (Diluted)	2.13	2.11	2.35	2.29	2.07	1.95
EPS Growth	-10.07%	-10.08%	2.48%	10.74%	5.96%	-38.90%
Free Cash Flow	68.77	39.98	93.26	172.89	119.54	103.54
Free Cash Flow Per Share	1.59	0.92	2.15	3.99	2.76	2.39
Dividend Per Share	-	1.000	1.300	1.300	1.250	1.000
Dividend Growth	-	-23.08%	0%	4.00%	25.00%	-
Operating Margin	18.34%	20.07%	29.72%	29.41%	29.82%	28.37%
Profit Margin	20.88%	23.08%	21.43%	20.16%	21.27%	20.83%
Free Cash Flow Margin	15.60%	10.09%	19.65%	35.11%	28.37%	25.49%
EBITDA	83.78	82.88	144.99	149.03	129.19	118.82
EBITDA Margin	19.00%	20.91%	30.54%	30.27%	30.66%	29.25%
D&A For EBITDA	2.89	3.32	3.91	4.2	3.53	3.59
EBIT	80.89	79.56	141.08	144.83	125.66	115.23
EBIT Margin	18.34%	20.07%	29.72%	29.41%	29.82%	28.37%
Effective Tax Rate	20.57%	19.96%	29.37%	15.21%	26.34%	26.59%

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