PT Lippo General Insurance Tbk (IDX: LPGI)

LPGI 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	2,600,784	2,960,003	2,029,639	1,681,812	1,181,160	1,091,429
Total Interest & Dividend Income	65,616	40,801	10,695	21,010	26,650	22,284
Gain (Loss) on Sale of Investments	4,334	16,730	25,323	-1,265	10,346	55,671
Other Revenue	-4,004	-574.29	-301.39	-4,250	-3,192	-2,155
Total Revenue	2,666,730	3,016,960	2,065,356	1,697,306	1,214,964	1,167,229
Revenue Growth (YoY)	-8.25%	46.07%	21.68%	39.70%	4.09%	5.17%
Policy Benefits	2,247,512	2,647,695	1,683,144	1,231,211	718,652	808,200
Policy Acquisition & Underwriting Costs	152,762	152,684	124,189	126,206	91,840	93,997
Selling, General & Administrative	216,300	203,134	222,973	266,022	206,201	190,107
Other Operating Expenses	5,773	1,295	-52,788	9,142	91,534	-12,587
Total Operating Expenses	2,622,346	3,004,808	1,977,518	1,632,582	1,108,228	1,079,717
Operating Income	44,384	12,152	87,837	64,724	106,735	87,512
Interest Expense	-265.69	-200.45	-69.72	-224.89	-379.65	-106.17
Currency Exchange Gain (Loss)	-3,877	-4,529	12,302	8,511	3,696	-8,273
Other Non Operating Income (Expenses)	203.15	-1,268	-2,921	-906.75	-1,260	-707.76
EBT Excluding Unusual Items	40,444	6,155	97,148	72,104	108,791	78,425
Gain (Loss) on Sale of Assets	936.98	2,785	1,599	2,446	663.2	598.77
Asset Writedown	5,935	5,935	-149	1,746	2,460	8,750
Pretax Income	47,316	14,874	98,598	76,296	111,914	87,774
Income Tax Expense	-10,333	-10,011	24,759	43,142	19,006	7,771
Net Income	57,649	24,885	73,839	33,154	92,908	80,003
Net Income to Common	57,649	24,885	73,839	33,154	92,908	80,003
Net Income Growth	-	-66.30%	122.71%	-64.32%	16.13%	16.47%
Shares Outstanding (Basic)	3,000	3,000	3,000	3,000	3,000	3,000
Shares Outstanding (Diluted)	3,000	3,000	3,000	3,000	3,000	3,000
EPS (Basic)	19.22	8.30	24.61	11.05	30.97	26.67
EPS (Diluted)	19.22	8.30	24.61	11.05	30.97	26.67
EPS Growth	-	-66.30%	122.71%	-64.32%	16.13%	16.47%
Free Cash Flow	-44,152	-16,178	-2,584	162,245	204,538	-10,253
Free Cash Flow Per Share	-14.72	-5.39	-0.86	54.08	68.18	-3.42
Dividend Per Share	-	-	5.400	33.334	13.950	10.700
Dividend Growth	-	-	-83.80%	138.95%	30.37%	-34.15%
Operating Margin	1.66%	0.40%	4.25%	3.81%	8.79%	7.50%
Profit Margin	2.16%	0.82%	3.58%	1.95%	7.65%	6.85%
Free Cash Flow Margin	-1.66%	-0.54%	-0.13%	9.56%	16.83%	-0.88%
EBITDA	54,410	21,927	97,469	73,164	115,508	95,633
EBITDA Margin	2.04%	0.73%	4.72%	4.31%	9.51%	8.19%
D&A For EBITDA	10,026	9,775	9,632	8,440	8,773	8,121
EBIT	44,384	12,152	87,837	64,724	106,735	87,512
EBIT Margin	1.66%	0.40%	4.25%	3.81%	8.79%	7.50%
Effective Tax Rate	-	-	25.11%	56.55%	16.98%	8.85%
Revenue as Reported	2,669,662	3,019,681	2,076,117	1,708,878	1,220,143	1,167,491

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