NICO Holdings plc (MAL: NICO)

NICO Holdings Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	91,795	81,006	76,158	70,238	67,822	59,047
Total Interest & Dividend Income	49,808	41,154	26,575	43,565	26,921	26,860
Gain (Loss) on Sale of Investments	7,305	7,305	2,278	31,891	20,604	14,157
Non-Insurance Activities Revenue	145,679	146,694	91,311	58,820	47,041	34,377
Other Revenue	77,947	14,288	9,006	8,177	6,626	6,075
Total Revenue	372,534	290,447	205,327	212,690	169,014	140,515
Revenue Growth (YoY)	-7.89%	41.46%	-3.46%	25.84%	20.28%	13.25%
Policy Benefits	58,651	69,907	65,635	108,656	86,295	76,295
Policy Acquisition & Underwriting Costs	-	-	-	4,290	3,227	3,063
Selling, General & Administrative	74,612	63,990	48,818	41,645	36,382	32,095
Provision for Bad Debts	-	-	172.33	-	-	-
Non-Insurance Activities Expense	-	-	-	26,612	13,629	7,681
Other Operating Expenses	-	-	864.36	-	2,032	14.34
Reinsurance Income or Expense	-26,083	-2,348	2,082	-	-	-
Total Operating Expenses	163,907	140,806	116,384	184,422	141,566	119,148
Operating Income	208,626	149,640	88,943	28,268	27,448	21,367
Interest Expense	-84,858	-66,399	-40,725	-1,344	-1,127	-1,102
Currency Exchange Gain (Loss)	742.77	742.77	192.76	-373.38	-22.89	162.52
Other Non Operating Income (Expenses)	-26.78	41.22	93.36	-	8.21	682.93
EBT Excluding Unusual Items	124,484	84,025	48,504	26,550	26,306	21,111
Gain (Loss) on Sale of Assets	76.13	76.13	-9.47	107.51	72.8	-4.66
Asset Writedown	-1,777	-	-	221.24	88.79	384.28
Pretax Income	122,784	84,102	48,495	26,879	26,468	21,491
Income Tax Expense	42,865	25,024	11,490	8,580	7,872	6,761
Earnings From Continuing Ops.	79,918	59,077	37,005	18,299	18,596	14,730
Minority Interest in Earnings	-37,510	-27,982	-17,352	-8,563	-8,592	-6,719
Net Income	42,409	31,096	19,653	9,736	10,004	8,011
Net Income to Common	42,409	31,096	19,653	9,736	10,004	8,011
Net Income Growth	42.03%	58.22%	101.87%	-2.68%	24.88%	23.06%
Shares Outstanding (Basic)	1,043	1,043	1,043	1,043	1,043	1,043
Shares Outstanding (Diluted)	1,043	1,043	1,043	1,043	1,043	1,043
EPS (Basic)	40.66	29.81	18.84	9.33	9.59	7.68
EPS (Diluted)	40.66	29.81	18.84	9.33	9.59	7.68
EPS Growth	42.03%	58.22%	101.87%	-2.68%	24.88%	23.06%
Free Cash Flow	178,684	113,337	-2,319	77,113	59,193	29,734
Free Cash Flow Per Share	171.31	108.66	-2.22	73.93	56.75	28.51
Dividend Per Share	8.000	10.000	6.000	2.750	2.300	1.900
Dividend Growth	14.29%	66.67%	118.18%	19.57%	21.05%	11.76%
Operating Margin	56.00%	51.52%	43.32%	13.29%	16.24%	15.21%
Profit Margin	11.38%	10.71%	9.57%	4.58%	5.92%	5.70%
Free Cash Flow Margin	47.96%	39.02%	-1.13%	36.26%	35.02%	21.16%
EBITDA	209,508	152,189	91,414	30,774	29,063	22,767
EBITDA Margin	56.24%	52.40%	44.52%	14.47%	17.20%	16.20%
D&A For EBITDA	882.25	2,549	2,471	2,507	1,615	1,400
EBIT	208,626	149,640	88,943	28,268	27,448	21,367
EBIT Margin	56.00%	51.52%	43.32%	13.29%	16.24%	15.21%
Effective Tax Rate	34.91%	29.75%	23.69%	31.92%	29.74%	31.46%

Source: S&P Capital IQ. Insurance template. Financial Sources.