Syarikat Takaful Malaysia Keluarga Berhad (KLSE: TAKAFUL)

TAKAFUL Income Statement

Financials in millions MYR. 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	2,563	2,308	2,093	2,243	2,073	2,354
Total Interest & Dividend Income	305.28	325.08	288.12	381.26	375.63	364.31
Gain (Loss) on Sale of Investments	93.51	20.79	-34.75	28.28	46.91	46.77
Other Revenue	-5.33	-6.01	-8.58	98.42	81.63	65.93
Total Revenue	2,957	2,648	2,338	2,751	2,577	2,831
Revenue Growth (YoY)	13.13%	13.28%	-15.02%	6.75%	-8.98%	24.98%
Policy Benefits	1,848	1,567	1,518	1,611	1,511	1,713
Policy Acquisition & Underwriting Costs	555.74	555.74	348.96	-	-	-
Selling, General & Administrative	-	-	-	687.9	580.43	640.03
Other Operating Expenses	20.19	18.15	17.18	13.48	59.86	61.04
Total Operating Expenses	2,424	2,141	1,885	2,313	2,151	2,414
Operating Income	533.12	507.64	453.1	438.33	425.92	417.51
EBT Excluding Unusual Items	533.12	507.64	453.1	438.33	425.92	417.51
Gain (Loss) on Sale of Assets	-	-	-	0.1	0.01	0.01
Asset Writedown	-	-	-	0.27	0.89	0.22
Pretax Income	533.12	507.64	453.1	438.7	426.82	417.74
Income Tax Expense	175.82	160.56	169.68	26.5	63.24	51.44
Earnings From Continuing Ops.	357.3	347.08	283.42	412.2	363.58	366.3
Minority Interest in Earnings	-0.49	-0.17	-0.56	-0.78	-1.16	-1.46
Net Income	356.82	346.91	282.86	411.42	362.42	364.84
Net Income to Common	356.82	346.91	282.86	411.42	362.42	364.84
Net Income Growth	9.60%	22.64%	-31.25%	13.52%	-0.66%	23.71%
Shares Outstanding (Basic)	837	837	836	832	828	826
Shares Outstanding (Diluted)	837	837	837	835	832	830
Shares Change (YoY)	0.02%	0.09%	0.17%	0.41%	0.16%	0.40%
EPS (Basic)	0.43	0.41	0.34	0.49	0.44	0.44
EPS (Diluted)	0.43	0.41	0.34	0.49	0.44	0.44
EPS Growth	9.60%	22.54%	-31.38%	13.08%	-0.84%	23.22%
Free Cash Flow	24.14	-1,099	1,333	245.71	270.42	-117.76
Free Cash Flow Per Share	0.03	-1.31	1.59	0.29	0.33	-0.14
Dividend Per Share	-	0.140	0.135	0.120	0.120	0.200
Dividend Growth	-	3.70%	12.50%	0%	-40.00%	33.33%
Operating Margin	18.03%	19.17%	19.38%	15.93%	16.53%	14.75%
Profit Margin	12.07%	13.10%	12.10%	14.96%	14.06%	12.89%
Free Cash Flow Margin	0.82%	-41.50%	57.03%	8.93%	10.49%	-4.16%
EBITDA	540.3	515.79	463.17	490.84	470.59	458.25
EBITDA Margin	18.27%	19.48%	19.81%	17.84%	18.26%	16.18%
D&A For EBITDA	7.18	8.14	10.07	52.51	44.67	40.74
EBIT	533.12	507.64	453.1	438.33	425.92	417.51
EBIT Margin	18.03%	19.17%	19.38%	15.93%	16.53%	14.75%
Effective Tax Rate	32.98%	31.63%	37.45%	6.04%	14.82%	12.31%

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