Zambia Reinsurance Income Statement

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

Millions ZMW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	177.27	173.01	175.25	109.35	111.41	31.82
Total Interest & Dividend Income	8.33	8.73	8.07	9.32	9.33	9.82
Other Revenue	-	-	-	-	-	13.08
Total Revenue	185.6	181.75	183.32	118.67	120.74	54.72
Revenue Growth	-9.00%	-0.86%	54.48%	-1.72%	120.66%	20.28%
Policy Benefits	146.73	149.53	151.39	103.69	91.73	8.13
Policy Acquisition & Underwriting Costs	-	-	-	-	-	18.45
Depreciation & Amortization	1.54	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	9.99	8.52	7.51	7.99	4.47	1.24
Total Operating Expenses	158.26	159.6	160.25	112.68	114.11	43.45
Operating Income	27.35	22.15	23.07	5.99	6.64	11.27
Currency Exchange Gain (Loss)	-11.86	-11.86	8.84	13.98	0.88	-8.58
Other Non Operating Income (Expenses)	-1.09	0	0	-0	-0	0
EBT Excluding Unusual Items	14.4	10.29	31.92	19.96	7.52	2.69
Gain (Loss) on Sale of Assets	-0.06	-0.06	0.04	0.29	0	0.12
Asset Writedown	0.16	0.16	0.4	0.3	0.55	0.02
Pretax Income	14.5	10.39	32.35	20.56	8.07	2.83
Income Tax Expense	2.64	2.58	3.89	5.04	5.53	1.52
Net Income	11.86	7.81	28.46	15.51	2.54	1.31
Preferred Dividends & Other Adjustments	-0.01	-0.01	-	-	-	-
Net Income to Common	11.86	7.82	28.46	15.51	2.54	1.31
Net Income Growth	-59.22%	-72.53%	83.46%	510.67%	94.33%	-80.59%
Shares Outstanding (Basic)	-	45	45	45	45	45
Shares Outstanding (Diluted)	-	45	45	45	45	45
Shares Change	-	-	-	-	-	-
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%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	5.75	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%	0%	-23.73%	-
Operating Margin	14.73%	12.19%	12.58%	5.05%	5.50%	20.59%
Profit Margin	6.39%	4.30%	15.53%	13.07%	2.10%	2.39%
Free Cash Flow Margin	3.10%	4.11%	5.62%	0.12%	3.87%	23.52%
EBITDA	28.97	23.68	24.41	6.98	7.27	11.85
EBITDA Margin	15.61%	13.03%	13.31%	5.88%	6.02%	21.66%
D&A For EBITDA	1.62	1.53	1.34	1	0.63	0.59
EBIT	27.35	22.15	23.07	5.99	6.64	11.27
EBIT Margin	14.73%	12.19%	12.58%	5.05%	5.50%	20.59%
Effective Tax Rate	18.22%	24.82%	12.02%	24.53%	68.51%	53.77%