China Taiping Insurance Holdings Company Limited (HKG: 0966)

China Taiping Insurance Holdings Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	109,235	107,489	108,906	250,496	217,932	208,768
Total Interest & Dividend Income	-33,581	-26,389	-11,767	44,294	36,774	30,533
Gain (Loss) on Sale of Investments	38,325	24,786	4,698	13,992	10,482	342.32
Other Revenue	6,461	6,470	6,368	7,331	5,956	5,805
Total Revenue	120,440	112,356	108,206	316,112	271,143	245,448
Revenue Growth (YoY)	9.38%	3.84%	-65.77%	16.58%	10.47%	15.47%
Policy Benefits	87,604	88,958	90,956	244,646	197,691	171,353
Policy Acquisition & Underwriting Costs	-	-	-	24,107	21,146	24,004
Selling, General & Administrative	-	-	-	34,419	34,250	35,278
Other Operating Expenses	6,486	6,784	7,172	526.74	623.89	400.02
Total Operating Expenses	94,090	95,742	98,128	303,698	253,711	231,034
Operating Income	26,350	16,614	10,078	12,413	17,433	14,414
Interest Expense	-3,942	-3,764	-3,123	-2,688	-2,667	-2,328
Earnings From Equity Investments	-	-	-	609.43	-1,571	1,761
Currency Exchange Gain (Loss)	-379.01	-113.85	-398.07	583.23	74.08	-518.7
Other Non Operating Income (Expenses)	-472.02	-258.14	-72.3	-	-	-
EBT Excluding Unusual Items	21,556	12,478	6,484	10,919	13,268	13,328
Impairment of Goodwill	-364.87	-364.87	-	-	-	-11.02
Gain (Loss) on Sale of Assets	-42.04	-3.62	1.75	-4.69	-3.51	9.17
Asset Writedown	-807.48	-451.33	-371.73	-	-	-
Pretax Income	20,342	11,658	6,114	10,914	13,265	13,326
Income Tax Expense	8,608	1,381	-2,243	-38.54	2,808	782.95
Earnings From Continuing Ops.	11,734	10,277	8,357	10,952	10,457	12,543
Minority Interest in Earnings	-4,738	-4,087	-4,060	-3,439	-3,908	-3,534
Net Income	6,996	6,190	4,297	7,514	6,549	9,009
Preferred Dividends & Other Adjustments	1,001	815.82	-	-	-	177.34
Net Income to Common	5,995	5,374	4,297	7,514	6,549	8,831
Net Income Growth	34.93%	44.05%	-42.81%	14.73%	-27.30%	30.87%
Shares Outstanding (Basic)	3,594	3,594	3,594	3,594	3,594	3,594
Shares Outstanding (Diluted)	3,594	3,594	3,594	3,594	3,594	3,594
EPS (Basic)	1.67	1.50	1.20	2.09	1.82	2.46
EPS (Diluted)	1.67	1.49	1.20	2.09	1.82	2.46
EPS Growth	23.11%	25.04%	-42.81%	14.74%	-25.84%	33.24%
Free Cash Flow	106,194	104,657	88,737	94,552	110,817	100,161
Free Cash Flow Per Share	29.55	29.12	24.69	26.31	30.83	27.87
Dividend Per Share	0.300	0.300	0.260	0.460	0.400	0.300
Dividend Growth	15.38%	15.38%	-43.48%	15.00%	33.33%	200.00%
Operating Margin	21.88%	14.79%	9.31%	3.93%	6.43%	5.87%
Profit Margin	4.98%	4.78%	3.97%	2.38%	2.42%	3.60%
Free Cash Flow Margin	88.17%	93.15%	82.01%	29.91%	40.87%	40.81%
EBITDA	28,607	18,940	12,444	14,760	19,290	15,952
EBITDA Margin	23.75%	16.86%	11.50%	4.67%	7.11%	6.50%
D&A For EBITDA	2,258	2,326	2,367	2,346	1,857	1,538
EBIT	26,350	16,614	10,078	12,413	17,433	14,414
EBIT Margin	21.88%	14.79%	9.31%	3.93%	6.43%	5.87%
Effective Tax Rate	42.32%	11.85%	-	-	21.17%	5.88%
Revenue as Reported	-	-	-	315,858	270,113	244,528

Source: S&P Capital IQ. Insurance template. Financial Sources.