FRA:F1EF Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	5,824	5,153	4,592	6,834	8,553
Total Interest & Dividend Income	3,237	2,798	2,376	1,781	1,372
Gain (Loss) on Sale of Investments	-	66	-158	-937	-329
Other Revenue	5,384	5,697	4,978	3,928	6,051
Total Revenue	14,445	13,714	11,788	11,606	15,647
Revenue Growth (YoY)	5.33%	16.34%	1.57%	-25.83%	44.68%
Policy Benefits	4,225	4,023	3,760	1,434	2,317
Policy Acquisition & Underwriting Costs	2,518	2,287	2,008	3,064	3,821
Depreciation & Amortization	844	739	593	491	432
Selling, General & Administrative	-	216	197	191	181
Other Operating Expenses	1,615	1,457	1,420	1,620	1,782
Total Operating Expenses	12,639	11,788	10,826	9,943	12,019
Operating Income	1,806	1,926	962	1,663	3,628
Interest Expense	-242	-209	-174	-115	-114
Earnings From Equity Investments	35	16	17	15	64
Other Non Operating Income (Expenses)	-167	25	-95	182	44
EBT Excluding Unusual Items	1,432	1,758	710	1,745	3,622
Pretax Income	1,432	1,758	710	1,745	3,622
Income Tax Expense	753	367	192	439	813
Earnings From Continuing Ops.	679	1,391	518	1,306	2,809
Earnings From Discontinued Ops.	-	-	-	-	8
Net Income to Company	679	1,391	518	1,306	2,817
Minority Interest in Earnings	-77	-121	-1	-12	-20
Net Income	602	1,270	517	1,294	2,797
Net Income to Common	602	1,270	517	1,294	2,797
Net Income Growth	-52.60%	145.65%	-60.05%	-53.74%	96.01%
Shares Outstanding (Basic)	271	271	270	275	285
Shares Outstanding (Diluted)	272	273	271	277	287
Shares Change (YoY)	-0.37%	0.74%	-2.17%	-3.48%	0.35%
EPS (Basic)	2.22	4.69	1.91	4.71	9.81
EPS (Diluted)	2.21	4.65	1.91	4.67	9.75
EPS Growth	-52.47%	143.46%	-59.10%	-52.09%	95.25%
Free Cash Flow	-	6,669	6,346	4,217	3,959
Free Cash Flow Per Share	-	24.43	23.42	15.22	13.79
Dividend Per Share	2.020	1.940	1.830	1.770	1.560
Dividend Growth	4.12%	6.01%	3.39%	13.46%	15.56%
Operating Margin	12.50%	14.04%	8.16%	14.33%	23.19%
Profit Margin	4.17%	9.26%	4.39%	11.15%	17.88%
Free Cash Flow Margin	-	48.63%	53.83%	36.34%	25.30%
EBITDA	2,071	2,665	1,555	2,154	4,060
EBITDA Margin	14.34%	19.43%	13.19%	18.56%	25.95%
D&A For EBITDA	265.33	739	593	491	432
EBIT	1,806	1,926	962	1,663	3,628
EBIT Margin	12.50%	14.04%	8.16%	14.33%	23.19%
Effective Tax Rate	52.58%	20.88%	27.04%	25.16%	22.45%
Revenue as Reported	14,445	13,681	11,752	11,565	15,655

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