PT Asuransi Tugu Pratama Indonesia Tbk (IDX: TUGU)

TUGU 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	3,593,400	3,079,932	2,844,925	2,668,776	2,381,964	2,667,016
Total Interest & Dividend Income	564,766	492,083	231,602	238,606	322,163	368,404
Gain (Loss) on Sale of Investments	28,772	63,042	121,480	67,087	-4,361	32,229
Other Revenue	-273,655	-170,917	-166,511	-276,626	-202,075	-279,813
Total Revenue	3,913,284	3,464,139	3,031,496	2,697,843	2,497,690	2,787,836
Revenue Growth (YoY)	20.42%	14.27%	12.37%	8.01%	-10.41%	12.50%
Policy Benefits	2,064,745	1,911,033	1,672,348	1,474,636	1,330,450	1,284,211
Selling, General & Administrative	932,823	842,219	800,933	751,052	656,045	685,310
Other Operating Expenses	241,339	-804,385	159,141	132,104	128,879	140,986
Total Operating Expenses	3,238,907	1,948,866	2,632,422	2,357,792	2,115,374	2,110,507
Operating Income	674,377	1,515,273	399,073	340,051	382,316	677,329
Interest Expense	-22,615	-18,103	-12,402	-16,577	-19,755	-15,533
Earnings From Equity Investments	13,132	7,763	17,048	8,946	4,153	9,396
Currency Exchange Gain (Loss)	110,397	-2,836	144,567	44,124	34,491	-52,714
Other Non Operating Income (Expenses)	0.17	-	-	-	-	-15,787
EBT Excluding Unusual Items	775,291	1,502,098	548,287	376,545	401,205	602,692
Gain (Loss) on Sale of Assets	20,741	21,120	19,601	3,413	25,807	1,725
Asset Writedown	20,861	24,706	-690.48	68,372	-80,538	33,071
Legal Settlements	84,407	84,407	-50,000	-73,873	-	-
Pretax Income	901,300	1,632,331	517,197	374,456	346,473	637,487
Income Tax Expense	184,041	330,229	122,092	47,226	74,557	131,737
Earnings From Continuing Ops.	717,258	1,302,101	395,105	327,230	271,916	505,750
Net Income to Company	717,258	1,302,101	395,105	327,230	271,916	505,750
Minority Interest in Earnings	9,908	20,293	-47,955	-10,750	-6,773	-47,051
Net Income	727,166	1,322,394	347,151	316,480	265,143	458,699
Net Income to Common	727,166	1,322,394	347,151	316,480	265,143	458,699
Net Income Growth	-38.89%	280.93%	9.69%	19.36%	-42.20%	84.06%
Shares Outstanding (Basic)	3,556	3,556	3,556	3,556	3,556	3,556
Shares Outstanding (Diluted)	3,556	3,556	3,556	3,556	3,556	3,556
Shares Change (YoY)	-0.00%	-	0.00%	-	-	4.35%
EPS (Basic)	204.51	371.92	97.64	89.01	74.57	129.01
EPS (Diluted)	203.92	371.92	97.64	89.01	74.57	129.01
EPS Growth	-39.06%	280.93%	9.69%	19.36%	-42.20%	76.39%
Free Cash Flow	216,135	1,760,567	592,181	169,549	-90,929	250,753
Free Cash Flow Per Share	60.79	495.16	166.55	47.69	-25.57	70.52
Dividend Per Share	122.768	148.768	39.000	35.604	26.100	38.500
Dividend Growth	88.87%	281.46%	9.54%	36.41%	-32.21%	83.33%
Operating Margin	17.23%	43.74%	13.16%	12.60%	15.31%	24.30%
Profit Margin	18.58%	38.17%	11.45%	11.73%	10.62%	16.45%
Free Cash Flow Margin	5.52%	50.82%	19.53%	6.28%	-3.64%	8.99%
EBITDA	799,042	1,613,247	552,320	493,798	526,663	817,014
EBITDA Margin	20.42%	46.57%	18.22%	18.30%	21.09%	29.31%
D&A For EBITDA	124,665	97,974	153,247	153,747	144,348	139,685
EBIT	674,377	1,515,273	399,073	340,051	382,316	677,329
EBIT Margin	17.23%	43.74%	13.16%	12.60%	15.31%	24.30%
Effective Tax Rate	20.42%	20.23%	23.61%	12.61%	21.52%	20.66%
Revenue as Reported	4,040,178	3,591,485	3,093,893	2,815,917	2,460,516	2,886,520

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