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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	656.31	559.48	373.19	355.53	141.13	115.52
Total Interest & Dividend Income	40.33	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	-17.35	-19.25	25.38	29.53	11.86	31.02
Total Revenue	679.3	565.71	413.53	375.37	176.64	169.52
Revenue Growth (YoY)	80.97%	36.80%	10.17%	112.51%	4.20%	16.75%
Policy Benefits	349.13	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	13.03	10.96	8.93	12.37	-	-
Selling, General & Administrative	1.21	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	85.38	75.3	69.47	43.59	3.77	-0.28
Total Operating Expenses	588.6	502.08	397.29	385.36	147.37	140.11
Operating Income	90.7	63.63	16.24	-9.99	29.27	29.42
Interest Expense	-1.8	-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	100.88	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	106.44	78.97	21.58	31.65	71.92	27.59
Income Tax Expense	32.79	25.56	8.77	8.59	11.58	13.04
Earnings From Continuing Ops.	73.65	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	73.98	53.74	13.49	22.65	59.8	12.39
Net Income to Common	73.98	53.74	13.49	22.65	59.8	12.39
Net Income Growth	226.65%	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)	0.38	0.27	0.07	0.12	0.31	0.06
EPS (Diluted)	0.38	0.27	0.07	0.12	0.31	0.06
EPS Growth	226.65%	298.48%	-40.45%	-62.13%	382.54%	17.04%
Free Cash Flow	75.81	141.09	-17.9	68.87	-65.43	14.18
Free Cash Flow Per Share	0.39	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	13.35%	11.25%	3.93%	-2.66%	16.57%	17.35%
Profit Margin	10.89%	9.50%	3.26%	6.03%	33.86%	7.31%
Free Cash Flow Margin	11.16%	24.94%	-4.33%	18.35%	-37.04%	8.36%
EBITDA	103.73	74.6	25.17	2.38	37.31	36.76
EBITDA Margin	15.27%	13.19%	6.09%	0.63%	21.12%	21.69%
D&A For EBITDA	13.03	10.96	8.93	12.37	8.04	7.35
EBIT	90.7	63.63	16.24	-9.99	29.27	29.42
EBIT Margin	13.35%	11.25%	3.93%	-2.66%	16.57%	17.35%
Effective Tax Rate	30.80%	32.37%	40.63%	27.13%	16.10%	47.26%

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