PT Panin Financial Tbk (IDX: PNLF)

PT Panin Financial Tbk 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	2,070,993	1,995,017	2,061,906	2,161,310	2,356,408	3,777,587
Total Interest & Dividend Income	15,153,245	14,683,560	13,844,178	574,424	657,694	666,342
Gain (Loss) on Sale of Investments	316,954	345,290	335,013	89,832	-50,404	46,065
Other Revenue	1,236,717	1,212,881	1,269,968	25,316	14,090	42,914
Total Revenue	18,777,909	18,236,748	17,511,065	2,850,882	2,977,788	4,532,908
Revenue Growth (YoY)	-35.44%	4.14%	514.23%	-4.26%	-34.31%	3.45%
Policy Benefits	1,473,049	1,275,815	1,358,988	1,503,363	1,594,060	3,151,553
Policy Acquisition & Underwriting Costs	352,548	417,469	432,285	417,556	390,063	361,118
Selling, General & Administrative	6,063,057	5,578,946	5,055,340	308,111	295,224	332,002
Other Operating Expenses	-931,907	-1,314,607	-705,391	-	-	-
Total Operating Expenses	6,956,747	5,957,623	6,141,222	2,229,030	2,279,347	3,844,673
Operating Income	11,821,162	12,279,125	11,369,843	621,852	698,441	688,235
Interest Expense	-6,156,601	-5,381,905	-3,957,460	-	-	-
Earnings From Equity Investments	47,793	52,168	87,346	951,064	1,430,419	1,566,348
Currency Exchange Gain (Loss)	134,315	117,740	149,607	4,010	3,330	-13,362
Other Non Operating Income (Expenses)	19,576	96,377	15,960	-	-	-
EBT Excluding Unusual Items	5,866,245	7,163,505	7,665,296	1,576,926	2,132,190	2,241,221
Asset Writedown	-2,152,257	-2,757,904	-2,790,552	-	-	-
Pretax Income	3,713,988	4,405,601	4,874,744	1,576,926	2,132,190	2,241,221
Income Tax Expense	696,285	798,267	797,895	80,570	92,862	93,906
Earnings From Continuing Ops.	3,017,703	3,607,334	4,076,849	1,496,356	2,039,328	2,147,315
Minority Interest in Earnings	-1,629,393	-2,096,851	-2,059,293	-168,543	-179,564	-171,988
Net Income	1,388,310	1,510,483	2,017,556	1,327,813	1,859,764	1,975,327
Net Income to Common	1,388,310	1,510,483	2,017,556	1,327,813	1,859,764	1,975,327
Net Income Growth	-32.55%	-25.13%	51.95%	-28.60%	-5.85%	7.98%
Shares Outstanding (Basic)	32,022	32,022	32,022	32,022	32,022	32,022
Shares Outstanding (Diluted)	32,022	32,022	32,022	32,022	32,022	32,022
EPS (Basic)	43.35	47.17	63.01	41.47	58.08	61.69
EPS (Diluted)	43.35	47.17	63.01	41.47	58.08	61.69
EPS Growth	-32.56%	-25.13%	51.95%	-28.60%	-5.85%	7.98%
Free Cash Flow	12,274,812	3,614,260	-907,099	-59,417	48,680	-252,157
Free Cash Flow Per Share	383.32	112.87	-28.33	-1.86	1.52	-7.87
Dividend Per Share	-	-	-	10.000	-	-
Operating Margin	62.95%	67.33%	64.93%	21.81%	23.46%	15.18%
Profit Margin	7.39%	8.28%	11.52%	46.58%	62.45%	43.58%
Free Cash Flow Margin	65.37%	19.82%	-5.18%	-2.08%	1.63%	-5.56%
EBITDA	12,037,148	12,641,527	11,797,452	644,575	722,865	698,577
EBITDA Margin	64.10%	69.32%	67.37%	22.61%	24.28%	15.41%
D&A For EBITDA	215,986	362,402	427,609	22,723	24,424	10,342
EBIT	11,821,162	12,279,125	11,369,843	621,852	698,441	688,235
EBIT Margin	62.95%	67.33%	64.93%	21.81%	23.45%	15.18%
Effective Tax Rate	18.75%	18.12%	16.37%	5.11%	4.36%	4.19%
Revenue as Reported	13,902,662	14,472,912	14,571,800	2,854,892	2,981,118	4,519,546

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