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	62.29	175.25	109.35	111.41	31.82
Total Interest & Dividend Income	-0.92	8.07	9.32	9.33	9.82
Other Revenue	-	-	-	-	13.08
Total Revenue	61.36	183.32	118.67	120.74	54.72
Revenue Growth (YoY)	-66.53%	54.48%	-1.72%	120.66%	20.28%
Policy Benefits	38.81	151.39	103.69	91.73	8.13
Policy Acquisition & Underwriting Costs	-	-	-	-	18.45
Depreciation & Amortization	-	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	12.16	7.51	7.99	4.47	1.24
Total Operating Expenses	50.97	160.25	112.68	114.11	43.45
Operating Income	10.39	23.07	5.99	6.64	11.27
Currency Exchange Gain (Loss)	-	8.84	13.98	0.88	-8.58
Other Non Operating Income (Expenses)	-	0	-0	-0	0
EBT Excluding Unusual Items	10.39	31.92	19.96	7.52	2.69
Gain (Loss) on Sale of Assets	-	0.04	0.29	0	0.12
Asset Writedown	-	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
Net Income to Common	7.81	28.46	15.51	2.54	1.31
Net Income Growth	-72.55%	83.46%	510.67%	94.33%	-80.59%
Shares Outstanding (Basic)	46	45	45	45	45
Shares Outstanding (Diluted)	46	45	45	45	45
Shares Change (YoY)	2.14%	-	-	-	-
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	-73.12%	83.46%	510.67%	94.33%	-80.59%
Free Cash Flow	10.55	10.31	0.14	4.68	12.87
Free Cash Flow Per Share	0.23	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	16.94%	12.58%	5.05%	5.50%	20.59%
Profit Margin	12.73%	15.53%	13.07%	2.10%	2.39%
Free Cash Flow Margin	17.19%	5.62%	0.12%	3.87%	23.52%
EBITDA	11.73	24.41	6.98	7.27	11.85
EBITDA Margin	19.12%	13.31%	5.88%	6.02%	21.66%
D&A For EBITDA	1.34	1.34	1	0.63	0.59
EBIT	10.39	23.07	5.99	6.64	11.27
EBIT Margin	16.94%	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.