China Taiping Insurance Holdings Company Limited (HKG:0966)

HKG:0966 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	111,268	107,489	108,906	250,496	217,932
Total Interest & Dividend Income	-53,216	-26,389	-11,767	44,294	36,774
Gain (Loss) on Sale of Investments	57,226	24,786	4,698	13,992	10,482
Other Revenue	5,725	6,470	6,368	7,331	5,956
Total Revenue	121,003	112,356	108,206	316,112	271,143
Revenue Growth (YoY)	7.70%	3.84%	-65.77%	16.59%	10.47%
Policy Benefits	89,244	88,958	90,956	244,646	197,691
Policy Acquisition & Underwriting Costs	-	-	-	24,107	21,146
Selling, General & Administrative	-	-	-	34,419	34,250
Other Operating Expenses	6,394	6,784	7,172	526.74	623.89
Total Operating Expenses	95,638	95,742	98,128	303,698	253,711
Operating Income	25,365	16,614	10,078	12,413	17,433
Interest Expense	-3,457	-3,764	-3,123	-2,688	-2,667
Earnings From Equity Investments	2,665	-	-	609.43	-1,571
Currency Exchange Gain (Loss)	-943.12	-113.85	-398.07	583.23	74.08
Other Non Operating Income (Expenses)	-645.8	-258.14	-72.3	-	-
EBT Excluding Unusual Items	22,983	12,478	6,484	10,919	13,268
Impairment of Goodwill	-	-364.87	-	-	-
Gain (Loss) on Sale of Assets	-46.9	-3.62	1.75	-4.69	-3.51
Asset Writedown	-808.66	-451.33	-371.73	-	-
Pretax Income	22,128	11,658	6,114	10,914	13,265
Income Tax Expense	9,330	1,381	-2,243	-38.54	2,808
Earnings From Continuing Ops.	12,798	10,277	8,357	10,952	10,457
Minority Interest in Earnings	-4,366	-4,087	-4,060	-3,439	-3,908
Net Income	8,432	6,190	4,297	7,514	6,549
Preferred Dividends & Other Adjustments	999.18	815.82	-	-	-
Net Income to Common	7,432	5,374	4,297	7,514	6,549
Net Income Growth	36.22%	44.05%	-42.81%	14.73%	-27.30%
Shares Outstanding (Basic)	3,594	3,594	3,594	3,594	3,594
Shares Outstanding (Diluted)	3,594	3,594	3,594	3,594	3,594
EPS (Basic)	2.07	1.50	1.20	2.09	1.82
EPS (Diluted)	2.07	1.49	1.20	2.09	1.82
EPS Growth	38.33%	25.05%	-42.81%	14.74%	-25.85%
Free Cash Flow	116,238	104,657	88,737	94,552	110,817
Free Cash Flow Per Share	32.34	29.12	24.69	26.31	30.83
Dividend Per Share	0.350	0.300	0.260	0.460	0.400
Dividend Growth	16.67%	15.38%	-43.48%	15.00%	33.33%
Operating Margin	20.96%	14.79%	9.31%	3.93%	6.43%
Profit Margin	6.14%	4.78%	3.97%	2.38%	2.42%
Free Cash Flow Margin	96.06%	93.15%	82.01%	29.91%	40.87%
EBITDA	27,610	18,940	12,444	14,760	19,290
EBITDA Margin	22.82%	16.86%	11.50%	4.67%	7.11%
D&A For EBITDA	2,246	2,326	2,367	2,346	1,857
EBIT	25,365	16,614	10,078	12,413	17,433
EBIT Margin	20.96%	14.79%	9.31%	3.93%	6.43%
Effective Tax Rate	42.16%	11.85%	-	-	21.17%
Revenue as Reported	-	-	-	315,858	270,113

Updated Sep 23, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.