Sunshine Insurance Group Company Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Premiums & Annuity Revenue	63,572	62,504	57,856	97,282	90,777	82,003
Total Interest & Dividend Income	11,047	8,881	1,785	13,442	12,879	10,537
Gain (Loss) on Sale of Investments	-2,718	-2,422	3,811	3,654	6,173	2,222
Other Revenue	3,757	3,082	3,150	5,591	5,230	6,075
Total Revenue	75,658	72,045	66,602	119,969	115,059	100,837
Revenue Growth (YoY)	8.61%	8.17%	-44.48%	4.27%	14.10%	-
Policy Benefits	59,638	59,066	56,134	83,295	74,463	63,240
Policy Acquisition & Underwriting Costs	-	-	-	11,752	11,224	10,182
Selling, General & Administrative	6,351	5,714	4,673	17,856	21,070	20,575
Provision for Bad Debts	587	364	-	-	-	-
Other Operating Expenses	-	-	-	-	438	454
Total Operating Expenses	66,576	65,144	60,807	112,903	107,195	94,451
Operating Income	9,082	6,901	5,795	7,066	7,864	6,386
Interest Expense	-1,313	-1,111	-998	-1,189	-1,340	-1,181
Other Non Operating Income (Expenses)	-16	-16	8	-152	-106	-121
Pretax Income	7,753	5,774	4,805	5,725	6,418	5,084
Income Tax Expense	3,641	1,908	177	-295	737	-67
Earnings From Continuing Ops.	4,112	3,866	4,628	6,020	5,681	5,151
Minority Interest in Earnings	-126	-128	-134	-137	-62	-65
Net Income	3,986	3,738	4,494	5,883	5,619	5,086
Net Income to Common	3,986	3,738	4,494	5,883	5,619	5,086
Net Income Growth	-15.77%	-16.82%	-23.61%	4.70%	10.48%	-
Shares Outstanding (Basic)	11,502	11,502	10,421	10,351	10,351	10,351
Shares Outstanding (Diluted)	11,502	11,502	10,421	10,351	10,351	10,351
Shares Change (YoY)	4.60%	10.37%	0.68%	-	-	-
EPS (Basic)	0.35	0.32	0.43	0.57	0.54	0.49
EPS (Diluted)	0.34	0.32	0.43	0.57	0.54	0.49
EPS Growth	-19.86%	-25.58%	-24.34%	5.25%	10.20%	-
Free Cash Flow	24,164	18,283	24,482	42,875	36,799	26,181
Free Cash Flow Per Share	2.10	1.59	2.35	4.14	3.56	2.53
Dividend Per Share	0.180	0.180	0.180	0.150	-	-
Dividend Growth	0%	0%	20.00%	-	-	-
Operating Margin	12.00%	9.58%	8.70%	5.89%	6.83%	6.33%
Profit Margin	5.27%	5.19%	6.75%	4.90%	4.88%	5.04%
Free Cash Flow Margin	31.94%	25.38%	36.76%	35.74%	31.98%	25.96%
EBITDA	10,345	8,088	6,896	8,175	8,843	7,333
EBITDA Margin	13.67%	11.23%	10.35%	6.81%	7.69%	7.27%
D&A For EBITDA	1,263	1,187	1,101	1,109	979	947
EBIT	9,082	6,901	5,795	7,066	7,864	6,386
EBIT Margin	12.00%	9.58%	8.70%	5.89%	6.83%	6.33%
Effective Tax Rate	46.96%	33.04%	3.68%	-	11.48%	-
Revenue as Reported	78,224	78,224	77,569	119,969	115,059	100,837

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