Oman Reinsurance Company SAOG (MSM: ORIC)

ORIC Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	47.65	42.1	32.54	17.91	14.63
Total Interest & Dividend Income	0.31	2.65	2.31	1.92	1.63
Gain (Loss) on Sale of Investments	-0.02	0.05	-0.05	0.18	0.25
Total Revenue	47.94	44.8	34.8	20.02	16.51
Revenue Growth (YoY)	7.17%	28.72%	73.84%	21.25%	-
Policy Benefits	42.41	39.36	30.27	11.3	7.35
Policy Acquisition & Underwriting Costs	1.16	-	-	4.56	5.32
Depreciation & Amortization	-	-	-	0.13	0.08
Selling, General & Administrative	1.68	1.68	1.61	0.58	0.57
Total Operating Expenses	45.25	41.03	31.88	18.45	14.95
Operating Income	2.69	3.77	2.92	1.57	1.56
Currency Exchange Gain (Loss)	-0.2	-0.76	-0.66	-0.12	-0.07
EBT Excluding Unusual Items	2.48	3	2.26	1.45	1.48
Gain (Loss) on Sale of Assets	0	-0	0	-	-
Asset Writedown	0.02	0.02	-	-	-
Pretax Income	2.5	3.02	2.26	1.45	1.48
Income Tax Expense	0.38	0.46	0.14	0.09	0.03
Net Income	2.12	2.56	2.12	1.36	1.45
Net Income to Common	2.12	2.56	2.12	1.36	1.45
Net Income Growth	-18.85%	20.35%	56.67%	-6.54%	-
Shares Outstanding (Basic)	331	331	331	305	300
Shares Outstanding (Diluted)	331	331	331	305	300
Shares Change (YoY)	-	-	8.41%	1.71%	-
EPS (Basic)	0.01	0.01	0.01	0.00	0.00
EPS (Diluted)	0.01	0.01	0.01	0.00	0.00
EPS Growth	-18.86%	20.36%	44.51%	-8.11%	-
Free Cash Flow	5.53	3.06	5.41	4.78	4.03
Free Cash Flow Per Share	0.02	0.01	0.02	0.02	0.01
Operating Margin	5.60%	8.40%	8.39%	7.83%	9.42%
Profit Margin	4.41%	5.70%	6.10%	6.77%	8.78%
Free Cash Flow Margin	11.54%	6.84%	15.54%	23.85%	24.43%
EBITDA	2.73	3.82	2.98	1.64	1.62
EBITDA Margin	5.69%	8.53%	8.56%	8.18%	9.81%
D&A For EBITDA	0.04	0.05	0.06	0.07	0.06
EBIT	2.69	3.77	2.92	1.57	1.56
EBIT Margin	5.60%	8.40%	8.39%	7.83%	9.42%
Effective Tax Rate	15.33%	15.27%	6.04%	6.46%	2.11%

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