Petrolimex Insurance Corporation (HOSE: PGI)

Petrolimex Insurance Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	2,927,537	2,757,256	2,675,108	2,650,843	2,521,503	2,256,734
Total Interest & Dividend Income	106,641	88,788	35,173	47,919	48,352	51,358
Gain (Loss) on Sale of Investments	38,321	38,321	19,888	46,569	29,003	17,757
Other Revenue	484,659	468,902	395,755	380,807	399,421	349,649
Total Revenue	3,557,158	3,353,266	3,125,924	3,126,138	2,998,278	2,675,498
Revenue Growth (YoY)	8.53%	7.27%	-0.01%	4.26%	12.06%	6.74%
Policy Benefits	1,372,757	1,344,666	1,249,311	1,074,391	1,128,320	1,126,143
Policy Acquisition & Underwriting Costs	234,681	222,465	221,702	255,896	237,918	207,448
Depreciation & Amortization	50,902	50,902	42,157	38,442	49,380	34,734
Selling, General & Administrative	345,266	210,003	195,910	156,349	129,689	137,097
Other Operating Expenses	933,770	912,043	919,448	929,825	999,349	770,414
Total Operating Expenses	3,264,636	3,067,338	2,889,667	2,678,137	2,766,276	2,462,475
Operating Income	292,522	285,929	236,257	448,000	232,002	213,023
Interest Expense	-11,948	-7,167	-	-24,319	-19,528	-13,942
Currency Exchange Gain (Loss)	-88.79	-88.79	5,486	-	-	-
Other Non Operating Income (Expenses)	2,901	623.43	10,728	2,671	4,481	1,599
EBT Excluding Unusual Items	283,385	279,296	252,470	426,352	216,955	200,679
Gain (Loss) on Sale of Assets	4,380	4,380	213.31	-	-	-
Pretax Income	287,766	283,677	252,684	426,352	216,955	200,679
Income Tax Expense	56,121	54,590	48,958	82,572	41,494	38,072
Net Income	231,644	229,086	203,726	343,780	175,461	162,607
Preferred Dividends & Other Adjustments	-	-	44,940	79,392	36,087	29,368
Net Income to Common	231,644	229,086	158,787	264,389	139,375	133,239
Net Income Growth	-0.84%	12.45%	-40.74%	95.93%	7.91%	12.38%
Shares Outstanding (Basic)	111	111	111	111	111	111
Shares Outstanding (Diluted)	111	111	111	111	111	111
Shares Change (YoY)	-	-	-	-0.00%	-	-
EPS (Basic)	2088.83	2065.76	1431.84	2384.10	1256.79	1201.46
EPS (Diluted)	2088.83	2065.76	1431.84	2384.10	1256.79	1201.46
EPS Growth	22.78%	44.27%	-39.94%	89.70%	4.60%	-0.10%
Free Cash Flow	540,349	28,746	233,902	-20,476	72,608	53,330
Free Cash Flow Per Share	4872.54	259.21	2109.19	-184.64	654.73	480.90
Dividend Per Share	1200.000	1200.000	-	640.000	960.000	1040.000
Dividend Growth	-	-	-	-33.33%	-7.69%	8.33%
Operating Margin	8.22%	8.53%	7.56%	14.33%	7.74%	7.96%
Profit Margin	6.51%	6.83%	5.08%	8.46%	4.65%	4.98%
Free Cash Flow Margin	15.19%	0.86%	7.48%	-0.65%	2.42%	1.99%
EBITDA	330,256	318,884	278,415	486,442	281,382	247,756
EBITDA Margin	9.28%	9.51%	8.91%	15.56%	9.38%	9.26%
D&A For EBITDA	37,734	32,955	42,157	38,442	49,380	34,734
EBIT	292,522	285,929	236,257	448,000	232,002	213,023
EBIT Margin	8.22%	8.53%	7.56%	14.33%	7.74%	7.96%
Effective Tax Rate	19.50%	19.24%	19.38%	19.37%	19.13%	18.97%
Revenue as Reported	3,226,158	3,226,158	3,070,863	3,031,650	-	-

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