Zambia Reinsurance Income Statement

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

Millions ZMW. 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	173.01	175.25	109.35	111.41	31.82
Total Interest & Dividend Income	8.73	8.07	9.32	9.33	9.82
Other Revenue	-	-	-	-	13.08
Total Revenue	181.75	183.32	118.67	120.74	54.72
Revenue Growth (YoY)	-0.86%	54.48%	-1.72%	120.66%	20.28%
Policy Benefits	149.53	151.39	103.69	91.73	8.13
Policy Acquisition & Underwriting Costs	-	-	-	-	18.45
Depreciation & Amortization	1.54	1.35	1	0.63	0.59
Selling, General & Administrative	-	-	-	5.49	5.95
Provision for Bad Debts	-	-	-	0.67	0.46
Other Operating Expenses	8.52	7.51	7.99	4.47	1.24
Total Operating Expenses	159.6	160.25	112.68	114.11	43.45
Operating Income	22.15	23.07	5.99	6.64	11.27
Currency Exchange Gain (Loss)	-11.86	8.84	13.98	0.88	-8.58
Other Non Operating Income (Expenses)	0	0	-0	-0	0
EBT Excluding Unusual Items	10.29	31.92	19.96	7.52	2.69
Gain (Loss) on Sale of Assets	-0.06	0.04	0.29	0	0.12
Asset Writedown	0.16	0.4	0.3	0.55	0.02
Pretax Income	10.39	32.35	20.56	8.07	2.83
Income Tax Expense	2.58	3.89	5.04	5.53	1.52
Net Income	7.81	28.46	15.51	2.54	1.31
Preferred Dividends & Other Adjustments	-0.01	-	-	-	-
Net Income to Common	7.82	28.46	15.51	2.54	1.31
Net Income Growth	-72.55%	83.46%	510.67%	94.33%	-80.59%
Shares Outstanding (Basic)	45	45	45	45	45
Shares Outstanding (Diluted)	45	45	45	45	45
EPS (Basic)	0.17	0.63	0.34	0.06	0.03
EPS (Diluted)	0.17	0.63	0.34	0.06	0.03
EPS Growth	-72.53%	83.46%	510.67%	94.33%	-80.59%
Free Cash Flow	7.47	10.31	0.14	4.68	12.87
Free Cash Flow Per Share	0.17	0.23	0.00	0.10	0.29
Dividend Per Share	0.070	0.056	0.045	0.045	0.059
Dividend Growth	25.00%	24.44%	-	-23.73%	-
Operating Margin	12.19%	12.58%	5.05%	5.50%	20.59%
Profit Margin	4.30%	15.53%	13.07%	2.10%	2.39%
Free Cash Flow Margin	4.11%	5.62%	0.12%	3.87%	23.52%
EBITDA	23.68	24.41	6.98	7.27	11.85
EBITDA Margin	13.03%	13.31%	5.88%	6.02%	21.66%
D&A For EBITDA	1.53	1.34	1	0.63	0.59
EBIT	22.15	23.07	5.99	6.64	11.27
EBIT Margin	12.19%	12.58%	5.05%	5.50%	20.59%
Effective Tax Rate	24.82%	12.02%	24.53%	68.51%	53.77%

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