Old Mutual Limited (JSE: OMU)

Old Mutual Income Statement

Financials in millions ZAR. 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	70,374	68,260	63,300	72,551	72,462	72,760
Total Interest & Dividend Income	16,517	15,331	5,260	39,502	39,284	42,961
Gain (Loss) on Sale of Investments	-	-	-	115,254	8,665	40,818
Non-Insurance Activities Revenue	5,885	5,918	5,531	4,780	5,075	5,261
Other Revenue	10,640	9,791	8,483	11,827	12,056	11,399
Total Revenue	103,416	99,300	82,574	243,914	137,542	173,199
Revenue Growth (YoY)	13.99%	20.26%	-66.15%	77.34%	-20.59%	58.89%
Policy Benefits	30,753	35,501	34,220	186,513	105,984	117,086
Policy Acquisition & Underwriting Costs	15,429	10,098	8,784	10,506	9,803	10,713
Selling, General & Administrative	10,426	10,426	9,802	24,247	23,546	23,076
Non-Insurance Activities Expense	26,479	25,596	19,951	755	1,053	1,275
Other Operating Expenses	2,306	1,474	2,165	11,874	-3,479	8,603
Total Operating Expenses	88,030	85,444	76,001	234,562	139,781	162,631
Operating Income	15,386	13,856	6,573	9,352	-2,239	10,568
Interest Expense	-	-	-	-534	-607	-804
Earnings From Equity Investments	86	110	118	1,385	592	2,269
Currency Exchange Gain (Loss)	-	-	-	24	246	654
Other Non Operating Income (Expenses)	-	-	-	1,400	123	67
EBT Excluding Unusual Items	15,472	13,966	6,691	11,627	-1,885	12,754
Impairment of Goodwill	-	-	-	-204	-1,503	-131
Gain (Loss) on Sale of Assets	-561	-	-133	-36	-	-21
Asset Writedown	-	-	-	1,840	116	1,194
Pretax Income	14,911	13,966	6,558	13,427	-3,272	13,796
Income Tax Expense	6,520	6,333	907	5,964	2,076	4,245
Earnings From Continuing Ops.	8,391	7,633	5,651	7,463	-5,348	9,551
Earnings From Discontinued Ops.	-	-	-	-	-	104
Net Income to Company	8,391	7,633	5,651	7,463	-5,348	9,655
Minority Interest in Earnings	-439	-568	-420	-801	251	-269
Net Income	7,952	7,065	5,231	6,662	-5,097	9,386
Net Income to Common	7,952	7,065	5,231	6,662	-5,097	9,386
Net Income Growth	67.27%	35.06%	-21.48%	-	-	-74.33%
Shares Outstanding (Basic)	4,387	4,459	4,530	4,402	4,381	4,507
Shares Outstanding (Diluted)	4,453	4,585	4,613	4,473	4,381	4,575
Shares Change (YoY)	-4.95%	-0.61%	3.13%	2.10%	-4.24%	-2.39%
EPS (Basic)	1.81	1.58	1.15	1.51	-1.16	2.08
EPS (Diluted)	1.79	1.54	1.13	1.49	-1.16	2.05
EPS Growth	75.79%	35.89%	-23.84%	-	-	-73.63%
Free Cash Flow	-8,693	5,106	26,695	19,245	22,556	11,260
Free Cash Flow Per Share	-1.95	1.11	5.79	4.30	5.15	2.46
Dividend Per Share	0.830	0.810	0.760	0.760	0.350	1.200
Dividend Growth	0%	6.58%	0%	117.14%	-70.83%	2.56%
Operating Margin	14.88%	13.95%	7.96%	3.83%	-1.63%	6.10%
Profit Margin	7.69%	7.11%	6.33%	2.73%	-3.71%	5.42%
Free Cash Flow Margin	-8.41%	5.14%	32.33%	7.89%	16.40%	6.50%
EBITDA	15,925	14,388	7,091	10,506	-1,263	11,541
EBITDA Margin	15.40%	14.49%	8.59%	4.31%	-0.92%	6.66%
D&A For EBITDA	539	532	518	1,154	976	973
EBIT	15,386	13,856	6,573	9,352	-2,239	10,568
EBIT Margin	14.88%	13.95%	7.96%	3.83%	-1.63%	6.10%
Effective Tax Rate	43.73%	45.35%	13.83%	44.42%	-	30.77%
Revenue as Reported	-	-	-	247,814	146,533	176,116

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