Lancashire Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	1,437	1,326	1,095	854.7	696.5
Total Interest & Dividend Income	115.1	85.2	36.6	64.4	26.8
Gain (Loss) on Sale of Investments	-	23.1	57.3	-127.7	6.1
Other Revenue	10.5	19	15	1.1	14.3
Total Revenue	1,563	1,453	1,204	792.5	743.7
Revenue Growth (YoY)	7.54%	20.68%	51.92%	6.56%	35.19%
Policy Benefits	1,056	945.8	713	713.1	470.5
Policy Acquisition & Underwriting Costs	-	-	-	-	157
Other Operating Expenses	146.2	115.9	107.4	58.3	119.6
Total Operating Expenses	1,226	1,081	835.6	780	758.2
Operating Income	337	372.3	368.4	12.5	-14.5
Interest Expense	-27.2	-27.1	-27.3	-26.6	-30.3
Currency Exchange Gain (Loss)	1.7	-2.6	-4.1	-0.6	3.5
Other Non Operating Income (Expenses)	-6.6	-5.9	-4.3	-2.6	-2.7
EBT Excluding Unusual Items	304.9	336.7	332.7	-17.3	-44
Other Unusual Items	-	-	-	-	-12.8
Pretax Income	304.9	336.7	332.7	-17.3	-56.8
Income Tax Expense	11.5	15.4	11.2	-1.8	4.8
Earnings From Continuing Ops.	293.4	321.3	321.5	-15.5	-61.6
Minority Interest in Earnings	-	-	-	-	-0.6
Net Income	293.4	321.3	321.5	-15.5	-62.2
Net Income to Common	293.4	321.3	321.5	-15.5	-62.2
Net Income Growth	-8.68%	-0.06%	-	-	-
Shares Outstanding (Basic)	242	240	239	240	242
Shares Outstanding (Diluted)	250	247	244	243	242
Shares Change (YoY)	1.38%	1.14%	0.27%	0.37%	6.88%
EPS (Basic)	1.21	1.34	1.35	-0.06	-0.26
EPS (Diluted)	1.17	1.30	1.32	-0.06	-0.26
EPS Growth	-10.00%	-1.52%	-	-	-
Free Cash Flow	320	572.3	432.3	323.1	243.1
Free Cash Flow Per Share	1.28	2.32	1.77	1.33	1.00
Dividend Per Share	0.225	0.225	0.200	0.150	0.150
Dividend Growth	-	12.50%	33.33%	-	-
Operating Margin	21.57%	25.62%	30.60%	1.58%	-1.95%
Profit Margin	18.78%	22.11%	26.70%	-1.96%	-8.36%
Free Cash Flow Margin	20.48%	39.39%	35.91%	40.77%	32.69%
EBITDA	339.8	374.8	369.3	12.9	-13.9
EBITDA Margin	21.75%	25.80%	30.67%	1.63%	-1.87%
D&A For EBITDA	2.8	2.5	0.9	0.4	0.6
EBIT	337	372.3	368.4	12.5	-14.5
EBIT Margin	21.57%	25.62%	30.60%	1.58%	-1.95%
Effective Tax Rate	3.77%	4.57%	3.37%	-	-
Revenue as Reported	-	-	-	-	747.2

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.