SIC Insurance Income Statement

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

Millions GHS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	615.24	598.19	559.48	373.19	355.53	141.13
Total Interest & Dividend Income	27.59	28.33	32.96	28.65	40.62	13.95
Gain (Loss) on Sale of Investments	-1.83	-1.83	-7.48	-13.68	-50.32	-0.21
Other Revenue	56.44	54.36	-10.6	32.82	29.53	11.86
Total Revenue	697.43	679.04	574.36	420.97	375.37	176.64
Revenue Growth (YoY)	7.12%	18.22%	36.44%	12.15%	112.51%	4.20%
Policy Benefits	342.03	335.38	279.15	222.23	239.97	15.13
Policy Acquisition & Underwriting Costs	-	-	-	-	-	8.88
Amortization of Goodwill & Intangibles	2.69	2.69	2.06	1.79	2.36	-
Depreciation & Amortization	14.44	14.74	10.96	8.93	12.37	-
Selling, General & Administrative	2.01	1.64	1.57	1.43	1.23	119.58
Provision for Bad Debts	-	-	26.6	0.16	0.29	-
Other Operating Expenses	95.1	94.29	75.3	69.47	43.59	3.77
Total Operating Expenses	588.26	574.9	502.08	397.29	385.36	147.37
Operating Income	109.17	104.14	72.28	23.68	-9.99	29.27
Interest Expense	-1.48	-1.66	-2.21	-2.46	-3.18	-2.55
Currency Exchange Gain (Loss)	2.45	-	-	0.01	0.64	-
Other Non Operating Income (Expenses)	3.23	3.38	-	0.28	-	16.21
EBT Excluding Unusual Items	113.36	105.87	70.07	21.51	-12.53	42.93
Gain (Loss) on Sale of Assets	0.39	0.39	1.8	0.07	0.01	11.58
Asset Writedown	-15.15	-15.15	3.77	-	44.17	17.41
Other Unusual Items	20.7	20.7	3.34	-	-	-
Pretax Income	119.29	111.8	78.97	21.58	31.65	71.92
Income Tax Expense	29.72	27.74	25.56	8.77	8.59	11.58
Earnings From Continuing Ops.	89.58	84.05	53.41	12.81	23.06	60.33
Minority Interest in Earnings	0.35	0.35	0.33	0.67	-0.42	-0.53
Net Income	89.92	84.4	53.74	13.49	22.65	59.8
Net Income to Common	89.92	84.4	53.74	13.49	22.65	59.8
Net Income Growth	41.54%	57.04%	298.48%	-40.45%	-62.13%	382.54%
Shares Outstanding (Basic)	196	196	196	196	196	196
Shares Outstanding (Diluted)	196	196	196	196	196	196
EPS (Basic)	0.46	0.43	0.27	0.07	0.12	0.31
EPS (Diluted)	0.46	0.43	0.27	0.07	0.12	0.31
EPS Growth	41.54%	57.04%	298.48%	-40.45%	-62.13%	382.54%
Free Cash Flow	23.76	-34.83	137.75	-17.9	68.87	-65.43
Free Cash Flow Per Share	0.12	-0.18	0.70	-0.09	0.35	-0.33
Dividend Per Share	0.102	0.102	0.051	0.051	-	0.046
Dividend Growth	100.00%	100.00%	-	-	-	200.65%
Operating Margin	15.65%	15.34%	12.58%	5.63%	-2.66%	16.57%
Profit Margin	12.89%	12.43%	9.36%	3.20%	6.03%	33.86%
Free Cash Flow Margin	3.41%	-5.13%	23.98%	-4.25%	18.35%	-37.04%
EBITDA	123.61	118.88	83.24	32.61	2.38	37.31
EBITDA Margin	17.72%	17.51%	14.49%	7.75%	0.63%	21.12%
D&A For EBITDA	14.44	14.74	10.96	8.93	12.37	8.04
EBIT	109.17	104.14	72.28	23.68	-9.99	29.27
EBIT Margin	15.65%	15.34%	12.58%	5.63%	-2.66%	16.57%
Effective Tax Rate	24.91%	24.82%	32.37%	40.63%	27.13%	16.10%