Zambia Reinsurance PLC (LUSE:ZMRE)

Zambia Reinsurance Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	175.25	109.35	111.41	31.82	36.33
Total Interest & Dividend Income	8.07	9.32	9.33	9.82	4.61
Other Revenue	-	-	-	13.08	4.55
Total Revenue	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	151.39	103.69	91.73	8.13	7.91
Policy Acquisition & Underwriting Costs	-	-	-	18.45	14.34
Depreciation & Amortization	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	7.51	7.99	4.47	1.24	1.27
Total Operating Expenses	160.25	112.68	114.11	43.45	45.8
Operating Income	23.07	5.99	6.64	11.27	-0.31
Currency Exchange Gain (Loss)	8.84	13.98	0.88	-8.58	10.34
Other Non Operating Income (Expenses)	0	-0	-0	0	-0
EBT Excluding Unusual Items	31.92	19.96	7.52	2.69	10.03
Gain (Loss) on Sale of Assets	0.04	0.29	0	0.12	-
Asset Writedown	0.4	0.3	0.55	0.02	1.85
Pretax Income	32.35	20.56	8.07	2.83	11.88
Income Tax Expense	3.89	5.04	5.53	1.52	5.14
Net Income	28.46	15.51	2.54	1.31	6.73
Net Income to Common	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)	45	45	45	45	45
Shares Outstanding (Diluted)	45	45	45	45	45
Shares Change (YoY)	-	-	-	-	50.00%
EPS (Basic)	0.63	0.34	0.06	0.03	0.15
EPS (Diluted)	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	10.31	0.14	4.68	12.87	8.08
Free Cash Flow Per Share	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	12.58%	5.05%	5.50%	20.59%	-0.68%
Profit Margin	15.53%	13.07%	2.10%	2.39%	14.80%
Free Cash Flow Margin	5.62%	0.12%	3.87%	23.52%	17.76%
EBITDA	24.41	6.98	7.27	11.85	0.41
EBITDA Margin	13.31%	5.88%	6.02%	21.66%	0.90%
D&A For EBITDA	1.34	1	0.63	0.59	0.72
EBIT	23.07	5.99	6.64	11.27	-0.31
EBIT Margin	12.58%	5.05%	5.50%	20.59%	-0.68%
Effective Tax Rate	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.