PT Asuransi Ramayana Tbk (IDX:ASRM)

PT Asuransi Ramayana Tbk Income Statement

Financials in millions IDR. 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	1,578,310	1,904,714	1,990,237	1,588,739	1,323,140
Total Interest & Dividend Income	21,443	16,993	17,335	20,738	23,550
Gain (Loss) on Sale of Investments	1,478	39,956	-	-	-
Other Revenue	-	-	8,568	2,647	3,056
Total Revenue	1,601,231	1,961,663	2,016,140	1,612,124	1,349,745
Revenue Growth (YoY)	-18.37%	-2.70%	25.06%	19.44%	12.72%
Policy Benefits	910,779	1,082,631	1,149,941	945,064	734,747
Policy Acquisition & Underwriting Costs	310,370	417,449	435,614	335,540	279,271
Depreciation & Amortization	21,087	51,747	15,105	13,598	20,154
Selling, General & Administrative	169,951	178,214	165,763	130,536	130,571
Provision for Bad Debts	3,644	13,173	24,091	6,460	613.82
Other Operating Expenses	-	-	-	-	2,396
Total Operating Expenses	1,591,528	1,916,735	1,937,302	1,558,529	1,289,466
Operating Income	9,703	44,928	78,838	53,594	60,279
Interest Expense	-8,469	-1,309	-1,882	-2,069	-2,267
Currency Exchange Gain (Loss)	-5,583	-2,365	-2,489	363.43	-1,583
Other Non Operating Income (Expenses)	2,949	992.06	2,723	12,842	5,004
EBT Excluding Unusual Items	-1,400	42,246	77,190	64,730	61,432
Gain (Loss) on Sale of Assets	1,871	3,113	6,990	8,934	12,056
Asset Writedown	40,607	60,806	5,902	4,104	3,341
Pretax Income	41,078	106,165	90,082	77,768	76,829
Income Tax Expense	8,643	17,367	3,584	12,808	11,280
Earnings From Continuing Ops.	32,436	88,798	86,498	64,959	65,549
Minority Interest in Earnings	-3.65	-11.27	-5.15	-2.22	-3.96
Net Income	32,432	88,787	86,492	64,957	65,545
Net Income to Common	32,432	88,787	86,492	64,957	65,545
Net Income Growth	-63.47%	2.65%	33.15%	-0.90%	4.26%
Shares Outstanding (Basic)	1,217	1,217	1,217	1,217	1,217
Shares Outstanding (Diluted)	1,217	1,217	1,217	1,217	1,217
Shares Change (YoY)	-	-	-	-	0.27%
EPS (Basic)	26.65	72.95	71.06	53.37	53.85
EPS (Diluted)	26.65	72.95	71.06	53.37	53.85
EPS Growth	-63.47%	2.65%	33.15%	-0.90%	3.98%
Free Cash Flow	-226,508	-54,790	91,530	-99,875	10,747
Free Cash Flow Per Share	-186.10	-45.02	75.20	-82.06	8.83
Dividend Per Share	-	16.250	16.250	13.750	11.500
Dividend Growth	-	-	18.18%	19.56%	-14.57%
Operating Margin	0.61%	2.29%	3.91%	3.32%	4.47%
Profit Margin	2.02%	4.53%	4.29%	4.03%	4.86%
Free Cash Flow Margin	-14.15%	-2.79%	4.54%	-6.19%	0.80%
EBITDA	18,286	51,283	84,331	65,639	66,529
EBITDA Margin	1.14%	2.61%	4.18%	4.07%	4.93%
D&A For EBITDA	8,583	6,355	5,493	12,044	6,250
EBIT	9,703	44,928	78,838	53,594	60,279
EBIT Margin	0.61%	2.29%	3.91%	3.32%	4.47%
Effective Tax Rate	21.04%	16.36%	3.98%	16.47%	14.68%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.