Takaful Islami Insurance Limited (DSE: TAKAFULINS)

Takaful Islami 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	524.15	498.81	357.89	363.85	369.65	248.97
Total Interest & Dividend Income	45.05	42.31	35.63	36.99	43.95	42.92
Gain (Loss) on Sale of Investments	3.52	3.52	8.51	26.68	10.52	-2.82
Other Revenue	72.38	67.7	78.96	54.92	53.31	80.02
Total Revenue	645.1	612.35	480.99	482.45	477.43	369.09
Revenue Growth (YoY)	24.33%	27.31%	-0.30%	1.05%	29.35%	17.03%
Policy Benefits	96.87	74.63	2.52	24.04	64.54	33.64
Policy Acquisition & Underwriting Costs	90.57	96.45	85.93	31.43	77.14	62.73
Depreciation & Amortization	-	-	-	6.19	5.07	3.65
Selling, General & Administrative	362.78	356.76	302.9	288.7	220.69	177.01
Total Operating Expenses	550.22	527.83	391.34	355.35	373.51	277.03
Operating Income	94.88	84.51	89.65	127.1	103.92	92.06
Other Non Operating Income (Expenses)	-	-	-	-3.36	-3.51	-1.62
EBT Excluding Unusual Items	94.88	84.51	89.65	123.74	100.41	90.44
Gain (Loss) on Sale of Assets	0.01	0.01	-	-	0.01	-
Pretax Income	94.89	84.52	89.65	123.74	100.42	90.44
Income Tax Expense	32.03	21.79	26.29	28.14	30.09	20.43
Net Income	62.86	62.72	63.35	95.59	70.33	70.01
Preferred Dividends & Other Adjustments	-1.93	-1.93	-1	-	0	-
Net Income to Common	64.79	64.65	64.35	95.59	70.33	70.01
Net Income Growth	5.16%	-0.99%	-33.73%	35.92%	0.47%	28.66%
Shares Outstanding (Basic)	42	43	43	43	43	43
Shares Outstanding (Diluted)	42	43	43	43	43	43
Shares Change (YoY)	-0.62%	-	-	-	-	-
EPS (Basic)	1.52	1.52	1.51	2.24	1.65	1.64
EPS (Diluted)	1.52	1.52	1.51	2.24	1.65	1.64
EPS Growth	7.26%	0.47%	-32.68%	35.92%	0.47%	28.66%
Free Cash Flow	23.89	-28.52	73.95	110.43	61.09	71.17
Free Cash Flow Per Share	0.56	-0.67	1.74	2.59	1.43	1.67
Dividend Per Share	1.000	1.000	1.200	1.100	1.000	1.000
Dividend Growth	-16.67%	-16.67%	9.09%	10.00%	0%	112.00%
Operating Margin	14.71%	13.80%	18.64%	26.34%	21.77%	24.94%
Profit Margin	10.04%	10.56%	13.38%	19.81%	14.73%	18.97%
Free Cash Flow Margin	3.70%	-4.66%	15.37%	22.89%	12.80%	19.28%
EBITDA	102	91.37	96.15	133.28	108.99	95.71
EBITDA Margin	15.81%	14.92%	19.99%	27.63%	22.83%	25.93%
D&A For EBITDA	7.12	6.86	6.51	6.19	5.07	3.65
EBIT	94.88	84.51	89.65	127.1	103.92	92.06
EBIT Margin	14.71%	13.80%	18.64%	26.34%	21.77%	24.94%
Effective Tax Rate	33.75%	25.79%	29.33%	22.75%	29.96%	22.59%

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