NICO Holdings plc (MAL:NICO)

NICO Holdings Income Statement

Financials in millions MWK. 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	133,160	81,006	76,158	70,238	67,822
Total Interest & Dividend Income	79,579	41,173	26,575	43,565	26,921
Gain (Loss) on Sale of Investments	-17,774	7,305	2,278	31,891	20,604
Non-Insurance Activities Revenue	286,642	146,694	91,311	58,820	47,041
Other Revenue	22,338	14,288	9,006	8,177	6,626
Total Revenue	503,944	290,465	205,327	212,690	169,014
Revenue Growth (YoY)	73.50%	41.46%	-3.46%	25.84%	20.28%
Policy Benefits	53,298	69,907	65,635	108,656	86,295
Policy Acquisition & Underwriting Costs	-	-	-	4,290	3,227
Depreciation & Amortization	7,789	4,654	4,718	-	-
Selling, General & Administrative	44,919	27,021	19,928	41,645	36,382
Provision for Bad Debts	-	-	172.33	-	-
Non-Insurance Activities Expense	-	-	-	26,612	13,629
Other Operating Expenses	-	-	864.36	-	2,032
Reinsurance Income or Expense	-28,387	-2,348	2,082	-	-
Total Operating Expenses	184,594	140,806	116,384	184,422	141,566
Operating Income	319,350	149,659	88,943	28,268	27,448
Interest Expense	-122,251	-66,399	-40,725	-1,344	-1,127
Currency Exchange Gain (Loss)	217	742.77	192.76	-373.38	-22.89
Other Non Operating Income (Expenses)	129.8	-492	93.36	-	8.21
EBT Excluding Unusual Items	197,446	83,511	48,504	26,550	26,306
Gain (Loss) on Sale of Investments	148.39	-	-	-	-
Gain (Loss) on Sale of Assets	157.39	76.13	-9.47	107.51	72.8
Asset Writedown	-	-	-	221.24	88.79
Pretax Income	197,751	83,587	48,495	26,879	26,468
Income Tax Expense	63,358	24,870	11,490	8,580	7,872
Earnings From Continuing Ops.	134,393	58,717	37,005	18,299	18,596
Minority Interest in Earnings	-62,384	-27,805	-17,352	-8,563	-8,592
Net Income	72,009	30,912	19,653	9,736	10,004
Net Income to Common	72,009	30,912	19,653	9,736	10,004
Net Income Growth	132.95%	57.29%	101.87%	-2.68%	24.88%
Shares Outstanding (Basic)	1,043	1,043	1,043	1,043	1,043
Shares Outstanding (Diluted)	1,043	1,043	1,043	1,043	1,043
EPS (Basic)	69.04	29.64	18.84	9.33	9.59
EPS (Diluted)	69.04	29.64	18.84	9.33	9.59
EPS Growth	132.95%	57.29%	101.87%	-2.68%	24.88%
Free Cash Flow	63,309	50,824	-2,319	77,113	59,193
Free Cash Flow Per Share	60.70	48.73	-2.22	73.93	56.75
Dividend Per Share	20.000	10.000	6.000	2.750	2.300
Dividend Growth	100.00%	66.67%	118.18%	19.56%	21.05%
Operating Margin	63.37%	51.52%	43.32%	13.29%	16.24%
Profit Margin	14.29%	10.64%	9.57%	4.58%	5.92%
Free Cash Flow Margin	12.56%	17.50%	-1.13%	36.26%	35.02%
EBITDA	323,525	152,208	91,414	30,774	29,063
EBITDA Margin	64.20%	52.40%	44.52%	14.47%	17.20%
D&A For EBITDA	4,175	2,549	2,471	2,507	1,615
EBIT	319,350	149,659	88,943	28,268	27,448
EBIT Margin	63.37%	51.52%	43.32%	13.29%	16.24%
Effective Tax Rate	32.04%	29.75%	23.69%	31.92%	29.74%

Updated Sep 23, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.