SIC Insurance PLC (GHSE:SIC)

SIC Insurance Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	657.21	559.48	373.19	355.53	141.13	115.52
Total Interest & Dividend Income	54.26	32.96	28.65	40.62	13.95	13.07
Gain (Loss) on Sale of Investments	-	-7.48	-13.68	-50.32	-0.21	-
Other Revenue	-20.73	-19.25	25.38	29.53	11.86	31.02
Total Revenue	690.73	565.71	413.53	375.37	176.64	169.52
Revenue Growth (YoY)	67.03%	36.80%	10.17%	112.51%	4.20%	16.75%
Policy Benefits	364.43	279.15	222.23	239.97	15.13	33.6
Policy Acquisition & Underwriting Costs	-	-	-	-	8.88	-
Amortization of Goodwill & Intangibles	2.06	2.06	1.79	2.36	-	-
Depreciation & Amortization	14.16	10.96	8.93	12.37	-	-
Selling, General & Administrative	1.26	1.57	1.43	1.23	119.58	106.79
Provision for Bad Debts	26.6	26.6	0.16	0.29	-	-
Other Operating Expenses	80.91	75.3	69.47	43.59	3.77	-0.28
Total Operating Expenses	612.88	502.08	397.29	385.36	147.37	140.11
Operating Income	77.85	63.63	16.24	-9.99	29.27	29.42
Interest Expense	-1.66	-2.21	-2.46	-3.18	-2.55	-1.94
Currency Exchange Gain (Loss)	-	-	0.01	0.64	-	-
Other Non Operating Income (Expenses)	11.98	11.98	7.72	-	16.21	0
EBT Excluding Unusual Items	88.17	73.41	21.51	-12.53	42.93	27.48
Gain (Loss) on Sale of Assets	1.8	1.8	0.07	0.01	11.58	0.11
Asset Writedown	3.77	3.77	-	44.17	17.41	-
Pretax Income	93.74	78.97	21.58	31.65	71.92	27.59
Income Tax Expense	29.45	25.56	8.77	8.59	11.58	13.04
Earnings From Continuing Ops.	64.29	53.41	12.81	23.06	60.33	14.55
Minority Interest in Earnings	0.33	0.33	0.67	-0.42	-0.53	-2.16
Net Income	64.62	53.74	13.49	22.65	59.8	12.39
Net Income to Common	64.62	53.74	13.49	22.65	59.8	12.39
Net Income Growth	379.14%	298.48%	-40.45%	-62.13%	382.54%	17.04%
Shares Outstanding (Basic)	196	196	196	196	196	196
Shares Outstanding (Diluted)	196	196	196	196	196	196
EPS (Basic)	0.33	0.27	0.07	0.12	0.31	0.06
EPS (Diluted)	0.33	0.27	0.07	0.12	0.31	0.06
EPS Growth	379.14%	298.48%	-40.45%	-62.13%	382.54%	17.04%
Free Cash Flow	6.33	141.09	-17.9	68.87	-65.43	14.18
Free Cash Flow Per Share	0.03	0.72	-0.09	0.35	-0.33	0.07
Dividend Per Share	0.051	0.051	0.051	-	0.046	0.015
Dividend Growth	-	-	-	-	200.65%	-
Operating Margin	11.27%	11.25%	3.93%	-2.66%	16.57%	17.35%
Profit Margin	9.36%	9.50%	3.26%	6.03%	33.86%	7.31%
Free Cash Flow Margin	0.92%	24.94%	-4.33%	18.35%	-37.04%	8.36%
EBITDA	92	74.6	25.17	2.38	37.31	36.76
EBITDA Margin	13.32%	13.19%	6.09%	0.63%	21.12%	21.69%
D&A For EBITDA	14.16	10.96	8.93	12.37	8.04	7.35
EBIT	77.85	63.63	16.24	-9.99	29.27	29.42
EBIT Margin	11.27%	11.25%	3.93%	-2.66%	16.57%	17.35%
Effective Tax Rate	31.41%	32.37%	40.63%	27.13%	16.10%	47.26%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.