Zambia Reinsurance Income Statement

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

Millions ZMW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	195.89	175.25	109.35	111.41	31.82	36.33
Total Interest & Dividend Income	8.07	8.07	9.32	9.33	9.82	4.61
Other Revenue	-	-	-	-	13.08	4.55
Total Revenue	203.96	183.32	118.67	120.74	54.72	45.49
Revenue Growth (YoY)	-	54.48%	-1.72%	120.66%	20.28%	37.26%
Policy Benefits	165.99	151.39	103.69	91.73	8.13	7.91
Policy Acquisition & Underwriting Costs	-	-	-	-	18.45	14.34
Depreciation & Amortization	1.35	1.35	1	0.63	0.59	0.72
Selling, General & Administrative	-	-	-	5.49	5.95	3.82
Provision for Bad Debts	-	-	-	0.67	0.46	10.61
Other Operating Expenses	12.12	7.51	7.99	4.47	1.24	1.27
Total Operating Expenses	179.46	160.25	112.68	114.11	43.45	45.8
Operating Income	24.5	23.07	5.99	6.64	11.27	-0.31
Currency Exchange Gain (Loss)	8.84	8.84	13.98	0.88	-8.58	10.34
Other Non Operating Income (Expenses)	0	0	-0	-0	0	-0
EBT Excluding Unusual Items	33.35	31.92	19.96	7.52	2.69	10.03
Gain (Loss) on Sale of Assets	0.04	0.04	0.29	0	0.12	-
Asset Writedown	0.4	0.4	0.3	0.55	0.02	1.85
Pretax Income	33.78	32.35	20.56	8.07	2.83	11.88
Income Tax Expense	4.7	3.89	5.04	5.53	1.52	5.14
Net Income	29.09	28.46	15.51	2.54	1.31	6.73
Net Income to Common	29.09	28.46	15.51	2.54	1.31	6.73
Net Income Growth	-	83.46%	510.67%	94.33%	-80.59%	86.44%
Shares Outstanding (Basic)	42	45	45	45	45	45
Shares Outstanding (Diluted)	42	45	45	45	45	45
Shares Change (YoY)	-11.53%	-	-	-	-	50.00%
EPS (Basic)	0.70	0.63	0.34	0.06	0.03	0.15
EPS (Diluted)	0.70	0.63	0.34	0.06	0.03	0.15
EPS Growth	-	83.46%	510.67%	94.33%	-80.59%	24.30%
Free Cash Flow	10.28	10.31	0.14	4.68	12.87	8.08
Free Cash Flow Per Share	0.25	0.23	0.00	0.10	0.29	0.18
Dividend Per Share	-	0.056	0.045	0.045	0.059	-
Dividend Growth	-	24.44%	-	-23.73%	-	-
Operating Margin	12.01%	12.58%	5.05%	5.50%	20.59%	-0.68%
Profit Margin	14.26%	15.53%	13.07%	2.10%	2.39%	14.80%
Free Cash Flow Margin	5.04%	5.62%	0.12%	3.87%	23.52%	17.76%
EBITDA	26.02	24.41	6.98	7.27	11.85	0.41
EBITDA Margin	12.75%	13.31%	5.88%	6.02%	21.66%	0.90%
D&A For EBITDA	1.51	1.34	1	0.63	0.59	0.72
EBIT	24.5	23.07	5.99	6.64	11.27	-0.31
EBIT Margin	12.01%	12.58%	5.05%	5.50%	20.59%	-0.68%
Effective Tax Rate	13.90%	12.02%	24.53%	68.51%	53.77%	43.30%
Revenue as Reported	-	-	-	-	-	57.68

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