Sagicor Group Jamaica Limited (JMSE:SJ)

Sagicor Group Jamaica Income Statement

Financials in millions JMD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	54,534	46,818	40,672	52,785	50,379
Total Interest & Dividend Income	29,611	29,525	21,214	20,755	23,542
Gain (Loss) on Sale of Investments	503.49	617.23	505.76	11,985	-3,756
Non-Insurance Activities Revenue	-	-	-	4,419	2,427
Other Revenue	18,524	17,488	21,173	16,272	13,328
Total Revenue	103,173	94,449	83,564	106,214	85,921
Revenue Growth (YoY)	9.24%	13.03%	-21.32%	23.62%	-11.86%
Policy Benefits	48,292	38,750	33,534	39,332	28,687
Policy Acquisition & Underwriting Costs	-	-	-	7,556	6,922
Depreciation & Amortization	1,692	1,562	2,114	2,719	2,870
Selling, General & Administrative	28,359	25,388	24,183	23,152	20,543
Non-Insurance Activities Expense	-	-	-	3,367	2,086
Other Operating Expenses	937.79	911.92	2,379	1,830	1,665
Total Operating Expenses	80,696	67,152	62,827	78,118	63,992
Operating Income	22,477	27,297	20,737	28,096	21,929
Interest Expense	-9,080	-8,617	-6,303	-5,122	-5,028
Earnings From Equity Investments	226.38	241.66	439.99	607.76	-5,156
Currency Exchange Gain (Loss)	175.29	140.61	256.3	1,124	183.8
EBT Excluding Unusual Items	13,798	19,062	15,131	24,706	11,928
Merger & Restructuring Charges	-	-	-118	-22.87	-192.9
Impairment of Goodwill	-700	-	-530.13	-614.4	-1,232
Gain (Loss) on Sale of Assets	-	-	258.21	-43.6	-408.89
Asset Writedown	-	-	-	68	83.68
Pretax Income	13,098	19,062	14,741	24,093	10,178
Income Tax Expense	4,048	4,488	4,897	6,450	5,694
Earnings From Continuing Ops.	9,051	14,573	9,843	17,643	4,485
Minority Interest in Earnings	187.63	-205.26	-257.46	-247.66	9,295
Net Income	9,238	14,368	9,586	17,395	13,780
Net Income to Common	9,238	14,368	9,586	17,395	13,780
Net Income Growth	-35.70%	49.89%	-44.89%	26.24%	-11.95%
Shares Outstanding (Basic)	3,902	3,904	3,906	3,901	3,902
Shares Outstanding (Diluted)	3,902	3,915	3,914	3,905	3,906
Shares Change (YoY)	-0.32%	0.03%	0.22%	-0.02%	0.05%
EPS (Basic)	2.37	3.68	2.45	4.46	3.53
EPS (Diluted)	2.37	3.67	2.45	4.46	3.53
EPS Growth	-35.48%	49.80%	-45.06%	26.33%	-11.97%
Free Cash Flow	-4,880	-3,027	-28,916	2,523	5,139
Free Cash Flow Per Share	-1.25	-0.77	-7.39	0.65	1.32
Dividend Per Share	-	1.470	1.260	2.170	0.850
Dividend Growth	-	16.67%	-41.94%	155.29%	-40.97%
Operating Margin	21.79%	28.90%	24.82%	26.45%	25.52%
Profit Margin	8.95%	15.21%	11.47%	16.38%	16.04%
Free Cash Flow Margin	-4.73%	-3.20%	-34.60%	2.38%	5.98%
EBITDA	23,529	28,311	22,328	29,836	23,702
EBITDA Margin	22.81%	29.98%	26.72%	28.09%	27.59%
D&A For EBITDA	1,052	1,015	1,591	1,740	1,773
EBIT	22,477	27,297	20,737	28,096	21,929
EBIT Margin	21.79%	28.90%	24.82%	26.45%	25.52%
Effective Tax Rate	30.90%	23.55%	33.22%	26.77%	55.94%

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