General Accident Insurance Company Jamaica Limited (JMSE: GENAC)

JMSE: GENAC Income Statement

Financials in millions JMD. 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	10,019	8,576	6,667	3,033	2,741	2,234
Total Interest & Dividend Income	278.01	222.19	254.18	219.72	238.11	210.54
Gain (Loss) on Sale of Investments	-2.87	-2.87	131.1	-	-	-
Other Revenue	-	-	-	909.08	777.67	863.11
Total Revenue	10,294	8,795	7,052	4,162	3,790	3,307
Revenue Growth (YoY)	16.41%	24.72%	69.45%	9.79%	14.60%	32.78%
Policy Benefits	9,370	7,880	6,047	1,751	1,817	1,205
Policy Acquisition & Underwriting Costs	-	-	-	511.03	465.63	451.86
Selling, General & Administrative	36.26	36.26	33.17	1,583	1,228	991.99
Other Operating Expenses	264.39	233.92	161.23	164.66	116.74	96.47
Total Operating Expenses	9,671	8,150	6,242	4,010	3,627	2,746
Operating Income	623.31	645.25	810.1	151.6	163.23	561.77
Interest Expense	-	-	-	-7.4	-8.43	-7.57
Currency Exchange Gain (Loss)	70.08	70.08	2.93	102.09	80.84	57.69
Other Non Operating Income (Expenses)	-	-	-	0.33	-0.41	7.37
EBT Excluding Unusual Items	693.38	715.33	813.04	246.62	235.24	619.26
Gain (Loss) on Sale of Assets	1.17	1.17	0.32	6.27	2.49	1.76
Asset Writedown	24	24	77.97	6.8	21.81	19.35
Other Unusual Items	-	-	-	-	-	129.79
Pretax Income	718.55	740.5	891.33	259.7	259.54	770.15
Income Tax Expense	208.12	192.23	110.94	110.46	65.72	118.6
Earnings From Continuing Ops.	510.43	548.27	780.39	149.24	193.81	651.56
Minority Interest in Earnings	-15.13	-8.09	-49.65	105.51	48.69	-92.8
Net Income	495.31	540.18	730.74	254.75	242.5	558.76
Net Income to Common	495.31	540.18	730.74	254.75	242.5	558.76
Net Income Growth	-31.74%	-26.08%	186.85%	5.05%	-56.60%	95.80%
Shares Outstanding (Basic)	1,021	1,031	1,031	1,031	1,031	1,031
Shares Outstanding (Diluted)	1,021	1,031	1,031	1,031	1,031	1,031
Shares Change (YoY)	-2.51%	-	-	-	-	-
EPS (Basic)	0.48	0.52	0.71	0.25	0.24	0.54
EPS (Diluted)	0.48	0.52	0.71	0.25	0.24	0.54
EPS Growth	-29.99%	-26.08%	186.85%	5.05%	-56.60%	95.80%
Free Cash Flow	881.67	150.26	-426.49	-382.55	-333.2	-107.6
Free Cash Flow Per Share	0.86	0.15	-0.41	-0.37	-0.32	-0.10
Dividend Per Share	0.218	0.196	0.243	0.191	0.216	0.138
Dividend Growth	11.10%	-19.17%	27.41%	-11.68%	56.01%	-4.88%
Operating Margin	6.06%	7.34%	11.49%	3.64%	4.31%	16.99%
Profit Margin	4.81%	6.14%	10.36%	6.12%	6.40%	16.89%
Free Cash Flow Margin	8.57%	1.71%	-6.05%	-9.19%	-8.79%	-3.25%
EBITDA	691.37	734.24	882.43	220.79	225.39	613.72
EBITDA Margin	6.72%	8.35%	12.51%	5.31%	5.95%	18.56%
D&A For EBITDA	68.06	88.98	72.33	69.19	62.16	51.96
EBIT	623.31	645.25	810.1	151.6	163.23	561.77
EBIT Margin	6.06%	7.34%	11.49%	3.64%	4.31%	16.98%
Effective Tax Rate	28.96%	25.96%	12.45%	42.53%	25.32%	15.40%

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