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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	2,056,312	1,995,017	2,061,906	2,161,310	2,356,408	3,777,587
Total Interest & Dividend Income	14,920,466	14,683,560	13,844,178	574,424	657,694	666,342
Gain (Loss) on Sale of Investments	132,169	345,290	335,013	89,832	-50,404	46,065
Other Revenue	1,216,434	1,212,881	1,269,968	25,316	14,090	42,914
Total Revenue	18,325,381	18,236,748	17,511,065	2,850,882	2,977,788	4,532,908
Revenue Growth (YoY)	-26.64%	4.14%	514.23%	-4.26%	-34.31%	3.45%
Policy Benefits	1,211,029	1,275,815	1,358,988	1,503,363	1,594,060	3,151,553
Policy Acquisition & Underwriting Costs	370,461	417,469	432,285	417,556	390,063	361,118
Selling, General & Administrative	5,877,034	5,578,946	5,055,340	308,111	295,224	332,002
Other Operating Expenses	-646,510	-1,314,607	-705,391	-	-	-
Total Operating Expenses	6,812,014	5,957,623	6,141,222	2,229,030	2,279,347	3,844,673
Operating Income	11,513,367	12,279,125	11,369,843	621,852	698,441	688,235
Interest Expense	-5,895,450	-5,381,905	-3,957,460	-	-	-
Earnings From Equity Investments	40,134	52,168	87,346	951,064	1,430,419	1,566,348
Currency Exchange Gain (Loss)	165,285	117,740	149,607	4,010	3,330	-13,362
Other Non Operating Income (Expenses)	75,794	96,377	15,960	-	-	-
EBT Excluding Unusual Items	5,899,130	7,163,505	7,665,296	1,576,926	2,132,190	2,241,221
Asset Writedown	-2,384,834	-2,757,904	-2,790,552	-	-	-
Pretax Income	3,514,296	4,405,601	4,874,744	1,576,926	2,132,190	2,241,221
Income Tax Expense	629,997	798,267	797,895	80,570	92,862	93,906
Earnings From Continuing Ops.	2,884,299	3,607,334	4,076,849	1,496,356	2,039,328	2,147,315
Minority Interest in Earnings	-1,568,945	-2,096,851	-2,059,293	-168,543	-179,564	-171,988
Net Income	1,315,354	1,510,483	2,017,556	1,327,813	1,859,764	1,975,327
Net Income to Common	1,315,354	1,510,483	2,017,556	1,327,813	1,859,764	1,975,327
Net Income Growth	-37.84%	-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)	41.08	47.17	63.01	41.47	58.08	61.69
EPS (Diluted)	41.08	47.17	63.01	41.47	58.08	61.69
EPS Growth	-37.83%	-25.13%	51.95%	-28.60%	-5.85%	7.98%
Free Cash Flow	1,830,921	3,614,260	-907,099	-59,417	48,680	-252,157
Free Cash Flow Per Share	57.18	112.87	-28.33	-1.86	1.52	-7.87
Dividend Per Share	-	-	-	10.000	-	-
Operating Margin	62.83%	67.33%	64.93%	21.81%	23.46%	15.18%
Profit Margin	7.18%	8.28%	11.52%	46.58%	62.45%	43.58%
Free Cash Flow Margin	9.99%	19.82%	-5.18%	-2.08%	1.63%	-5.56%
EBITDA	11,776,662	12,641,527	11,797,452	644,575	722,865	698,577
EBITDA Margin	64.26%	69.32%	67.37%	22.61%	24.28%	15.41%
D&A For EBITDA	263,295	362,402	427,609	22,723	24,424	10,342
EBIT	11,513,367	12,279,125	11,369,843	621,852	698,441	688,235
EBIT Margin	62.83%	67.33%	64.93%	21.81%	23.45%	15.18%
Effective Tax Rate	17.93%	18.12%	16.37%	5.11%	4.36%	4.19%
Revenue as Reported	13,417,254	14,472,912	14,571,800	2,854,892	2,981,118	4,519,546

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