Old Mutual Income Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Dec '23 Dec 31, 2023	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Premiums & Annuity Revenue	68,260	68,260	63,300	72,551	72,462	72,760	Upgrade
Total Interest & Dividend Income	15,331	15,331	5,260	39,502	39,284	42,961	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	115,254	8,665	40,818	Upgrade
Non-Insurance Activities Revenue	5,918	5,918	5,531	4,780	5,075	5,261	Upgrade
Other Revenue	9,791	9,791	8,483	11,827	12,056	11,399	Upgrade
Total Revenue	99,300	99,300	82,574	243,914	137,542	173,199	Upgrade
Revenue Growth (YoY)	20.26%	20.26%	-66.15%	77.34%	-20.59%	58.89%	Upgrade
Policy Benefits	35,501	35,501	34,220	186,513	105,984	117,086	Upgrade
Policy Acquisition & Underwriting Costs	10,098	10,098	8,784	10,506	9,803	10,713	Upgrade
Selling, General & Administrative	10,426	10,426	9,802	24,247	23,546	23,076	Upgrade
Non-Insurance Activities Expense	25,596	25,596	19,951	755	1,053	1,275	Upgrade
Other Operating Expenses	1,474	1,474	2,165	11,874	-3,479	8,603	Upgrade
Total Operating Expenses	85,444	85,444	76,001	234,562	139,781	162,631	Upgrade
Operating Income	13,856	13,856	6,573	9,352	-2,239	10,568	Upgrade
Interest Expense	-	-	-	-534	-607	-804	Upgrade
Earnings From Equity Investments	110	110	118	1,385	592	2,269	Upgrade
Currency Exchange Gain (Loss)	-	-	-	24	246	654	Upgrade
Other Non Operating Income (Expenses)	-	-	-	1,400	123	67	Upgrade
EBT Excluding Unusual Items	13,966	13,966	6,691	11,627	-1,885	12,754	Upgrade
Impairment of Goodwill	-	-	-	-204	-1,503	-131	Upgrade
Gain (Loss) on Sale of Assets	-	-	-133	-36	-	-21	Upgrade
Asset Writedown	-	-	-	1,840	116	1,194	Upgrade
Pretax Income	13,966	13,966	6,558	13,427	-3,272	13,796	Upgrade
Income Tax Expense	6,333	6,333	907	5,964	2,076	4,245	Upgrade
Earnings From Continuing Ops.	7,633	7,633	5,651	7,463	-5,348	9,551	Upgrade
Earnings From Discontinued Ops.	-	-	-	-	-	104	Upgrade
Net Income to Company	7,633	7,633	5,651	7,463	-5,348	9,655	Upgrade
Minority Interest in Earnings	-568	-568	-420	-801	251	-269	Upgrade
Net Income	7,065	7,065	5,231	6,662	-5,097	9,386	Upgrade
Net Income to Common	7,065	7,065	5,231	6,662	-5,097	9,386	Upgrade
Net Income Growth	35.06%	35.06%	-21.48%	-	-	-74.33%	Upgrade
Shares Outstanding (Basic)	4,459	4,459	4,530	4,402	4,381	4,507	Upgrade
Shares Outstanding (Diluted)	4,585	4,585	4,613	4,473	4,381	4,575	Upgrade
Shares Change (YoY)	-0.61%	-0.61%	3.13%	2.10%	-4.24%	-2.39%	Upgrade
EPS (Basic)	1.58	1.58	1.15	1.51	-1.16	2.08	Upgrade
EPS (Diluted)	1.54	1.54	1.13	1.49	-1.16	2.05	Upgrade
EPS Growth	35.89%	35.89%	-23.84%	-	-	-73.63%	Upgrade
Free Cash Flow	5,106	5,106	26,695	19,245	22,556	11,260	Upgrade
Free Cash Flow Per Share	1.11	1.11	5.79	4.30	5.15	2.46	Upgrade
Dividend Per Share	0.810	0.810	0.760	0.760	0.350	1.200	Upgrade
Dividend Growth	6.58%	6.58%	0%	117.14%	-70.83%	2.56%	Upgrade
Operating Margin	13.95%	13.95%	7.96%	3.83%	-1.63%	6.10%	Upgrade
Profit Margin	7.11%	7.11%	6.33%	2.73%	-3.71%	5.42%	Upgrade
Free Cash Flow Margin	5.14%	5.14%	32.33%	7.89%	16.40%	6.50%	Upgrade
EBITDA	14,388	14,388	7,091	10,506	-1,263	11,541	Upgrade
EBITDA Margin	14.49%	14.49%	8.59%	4.31%	-0.92%	6.66%	Upgrade
D&A For EBITDA	532	532	518	1,154	976	973	Upgrade
EBIT	13,856	13,856	6,573	9,352	-2,239	10,568	Upgrade
EBIT Margin	13.95%	13.95%	7.96%	3.83%	-1.63%	6.10%	Upgrade
Effective Tax Rate	45.35%	45.35%	13.83%	44.42%	-	30.77%	Upgrade
Revenue as Reported	-	-	-	247,814	146,533	176,116	Upgrade

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