PT MSIG Life Insurance Indonesia Tbk (IDX: LIFE)

LIFE Income Statement

Financials in millions IDR. 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	2,845,817	2,569,686	2,575,197	3,596,923	3,640,604	3,546,538
Total Interest & Dividend Income	741,742	730,589	614,382	581,843	677,340	696,886
Gain (Loss) on Sale of Investments	-143,549	98,164	107,929	-187,337	-35,012	181,058
Other Revenue	36,802	39,034	136,771	47,243	37,385	35,866
Total Revenue	3,534,881	3,494,268	3,457,500	4,073,408	4,360,358	4,504,285
Revenue Growth (YoY)	1.34%	1.06%	-15.12%	-6.58%	-3.20%	-11.56%
Policy Benefits	1,964,523	1,956,316	2,154,156	3,124,914	3,318,768	3,417,681
Policy Acquisition & Underwriting Costs	787,640	729,924	463,171	383,543	288,473	311,809
Selling, General & Administrative	519,840	494,861	416,129	388,925	357,456	334,021
Other Operating Expenses	22,469	16,903	17,522	48,226	10,932	61,516
Total Operating Expenses	3,294,472	3,198,004	3,050,978	3,945,608	3,975,629	4,125,027
Operating Income	240,409	296,264	406,522	127,800	384,729	379,258
Currency Exchange Gain (Loss)	37,961	-11,011	49,990	2,012	18,673	-29,539
EBT Excluding Unusual Items	278,370	285,253	456,512	129,812	403,402	349,719
Gain (Loss) on Sale of Assets	1,245	1,669	3,078	4,889	1,082	1,052
Asset Writedown	915	2,189	7,219	4,524	-	-
Legal Settlements	-90,000	-90,000	-38,148	-	-	-
Pretax Income	190,530	199,111	428,661	139,225	404,484	350,771
Income Tax Expense	71,013	72,623	60,888	65,401	73,545	64,087
Net Income	119,517	126,488	367,773	73,824	330,939	286,684
Net Income to Common	119,517	126,488	367,773	73,824	330,939	286,684
Net Income Growth	-64.01%	-65.61%	398.18%	-77.69%	15.44%	-16.31%
Shares Outstanding (Basic)	2,100	2,100	2,100	2,100	2,100	2,100
Shares Outstanding (Diluted)	2,100	2,100	2,100	2,100	2,100	2,100
EPS (Basic)	56.91	60.23	175.13	35.15	157.59	136.52
EPS (Diluted)	56.91	60.23	175.13	35.00	157.59	136.52
EPS Growth	-64.01%	-65.61%	400.37%	-77.79%	15.44%	-16.25%
Free Cash Flow	-761,486	-877,184	-1,327,051	883,362	-825,989	-373,408
Free Cash Flow Per Share	-362.61	-417.71	-631.93	420.65	-393.33	-177.81
Dividend Per Share	38.000	38.000	177.000	34.000	243.000	74.000
Dividend Growth	-78.53%	-78.53%	420.59%	-86.01%	228.38%	-
Operating Margin	6.80%	8.48%	11.76%	3.14%	8.82%	8.42%
Profit Margin	3.38%	3.62%	10.64%	1.81%	7.59%	6.36%
Free Cash Flow Margin	-21.54%	-25.10%	-38.38%	21.69%	-18.94%	-8.29%
EBITDA	257,108	318,760	426,744	151,552	408,035	410,672
EBITDA Margin	7.27%	9.12%	12.34%	3.72%	9.36%	9.12%
D&A For EBITDA	16,699	22,496	20,222	23,752	23,306	31,414
EBIT	240,409	296,264	406,522	127,800	384,729	379,258
EBIT Margin	6.80%	8.48%	11.76%	3.14%	8.82%	8.42%
Effective Tax Rate	37.27%	36.47%	14.20%	46.98%	18.18%	18.27%
Revenue as Reported	3,587,334	3,495,887	3,521,147	4,091,250	4,382,227	4,483,710

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