AIICO Insurance Plc (NGX: AIICO)
Nigeria
· Delayed Price · Currency is NGN 1.120
-0.020 (-1.75%)
At close: Sep 13, 2024
AIICO Insurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '24 Jun 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Premiums & Annuity Revenue | 85,686 | 72,633 | 54,818 | 58,522 | 52,780 | 43,776 | Upgrade
|
| Total Interest & Dividend Income | 54,153 | 47,126 | 33,576 | 13,852 | 11,767 | 10,365 | Upgrade
|
| Gain (Loss) on Sale of Investments | -14,726 | -10,109 | -6,781 | -32,239 | 38,034 | 14,355 | Upgrade
|
| Other Revenue | -192.32 | 583.58 | 370.07 | 2,582 | 1,963 | 1,878 | Upgrade
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| Total Revenue | 124,921 | 110,235 | 81,983 | 42,716 | 104,544 | 70,373 | Upgrade
|
| Revenue Growth (YoY) | 45.20% | 34.46% | 91.92% | -59.14% | 48.56% | 60.31% | Upgrade
|
| Policy Benefits | 69,183 | 74,892 | 54,761 | 20,180 | 83,240 | 47,113 | Upgrade
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| Policy Acquisition & Underwriting Costs | 4,931 | - | - | 7,518 | 6,347 | 5,124 | Upgrade
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| Selling, General & Administrative | 448.93 | 170.3 | 279.85 | 1,305 | 1,508 | 1,311 | Upgrade
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| Provision for Bad Debts | -17.69 | -17.69 | 34.68 | -27.34 | -61.25 | - | Upgrade
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| Other Operating Expenses | 12,039 | -56.66 | 1,090 | 7,114 | 6,386 | 5,140 | Upgrade
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| Total Operating Expenses | 86,584 | 74,988 | 56,166 | 39,613 | 101,338 | 63,484 | Upgrade
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| Operating Income | 38,337 | 35,247 | 25,817 | 3,103 | 3,206 | 6,889 | Upgrade
|
| Interest Expense | -32,629 | -29,150 | -22,454 | - | -96.74 | -431.33 | Upgrade
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| Earnings From Equity Investments | - | - | - | -34.9 | - | - | Upgrade
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| Currency Exchange Gain (Loss) | 13,867 | 6,423 | -676.22 | -280.9 | 1,633 | -185.25 | Upgrade
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| Other Non Operating Income (Expenses) | -118 | -189.85 | -148.9 | 30.96 | -97.99 | -176.49 | Upgrade
|
| EBT Excluding Unusual Items | 19,456 | 12,330 | 2,538 | 2,818 | 4,643 | 6,096 | Upgrade
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| Gain (Loss) on Sale of Assets | 21.75 | 21.72 | 12.98 | -59.35 | 2.58 | 10.13 | Upgrade
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| Asset Writedown | 177.5 | 177.5 | 147.55 | 48 | -14 | -121.2 | Upgrade
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| Pretax Income | 19,655 | 12,529 | 2,698 | 2,807 | 4,632 | 5,985 | Upgrade
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| Income Tax Expense | 1,431 | 512.85 | 405.01 | 257.91 | -348.26 | 266.84 | Upgrade
|
| Earnings From Continuing Ops. | 18,225 | 12,016 | 2,293 | 2,549 | 4,980 | 5,718 | Upgrade
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| Earnings From Discontinued Ops. | - | - | 2,873 | 2,367 | 269.49 | 191.93 | Upgrade
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| Net Income to Company | 18,225 | 12,016 | 5,166 | 4,916 | 5,250 | 5,910 | Upgrade
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| Minority Interest in Earnings | 69.52 | -25.22 | -112.1 | -62.73 | -188.71 | -125.9 | Upgrade
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| Net Income | 18,294 | 11,991 | 5,054 | 4,853 | 5,061 | 5,784 | Upgrade
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| Preferred Dividends & Other Adjustments | -69.52 | 25.22 | 112.1 | - | - | - | Upgrade
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| Net Income to Common | 18,364 | 11,966 | 4,942 | 4,853 | 5,061 | 5,784 | Upgrade
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| Net Income Growth | 185.15% | 137.26% | 4.14% | -4.11% | -12.50% | 90.02% | Upgrade
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| Shares Outstanding (Basic) | 36,605 | 36,605 | 36,605 | 36,605 | 36,605 | 21,830 | Upgrade
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| Shares Outstanding (Diluted) | 36,605 | 36,605 | 36,605 | 36,605 | 36,605 | 21,830 | Upgrade
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| Shares Change (YoY) | - | - | - | - | 67.68% | -20.24% | Upgrade
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| EPS (Basic) | 0.50 | 0.33 | 0.14 | 0.13 | 0.14 | 0.26 | Upgrade
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| EPS (Diluted) | 0.50 | 0.33 | 0.14 | 0.13 | 0.14 | 0.26 | Upgrade
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| EPS Growth | 197.40% | 142.13% | 1.83% | -4.11% | -47.53% | 137.18% | Upgrade
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| Free Cash Flow | 28,884 | 12,135 | -4,598 | -12,421 | 31,278 | 9,649 | Upgrade
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| Free Cash Flow Per Share | 0.79 | 0.33 | -0.13 | -0.34 | 0.85 | 0.44 | Upgrade
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| Dividend Per Share | 0.050 | 0.050 | 0.030 | 0.020 | - | - | Upgrade
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| Dividend Growth | 66.67% | 66.67% | 50.00% | - | - | - | Upgrade
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| Operating Margin | 30.69% | 31.97% | 31.49% | 7.26% | 3.07% | 9.79% | Upgrade
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| Profit Margin | 14.70% | 10.85% | 6.03% | 11.36% | 4.84% | 8.22% | Upgrade
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| Free Cash Flow Margin | 23.12% | 11.01% | -5.61% | -29.08% | 29.92% | 13.71% | Upgrade
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| EBITDA | 39,150 | 36,046 | 26,571 | 3,713 | 3,842 | 7,429 | Upgrade
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| EBITDA Margin | 31.34% | 32.70% | 32.41% | 8.69% | 3.67% | 10.56% | Upgrade
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| D&A For EBITDA | 813.74 | 798.56 | 753.11 | 610.05 | 636.26 | 539.9 | Upgrade
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| EBIT | 38,337 | 35,247 | 25,817 | 3,103 | 3,206 | 6,889 | Upgrade
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| EBIT Margin | 30.69% | 31.97% | 31.49% | 7.26% | 3.07% | 9.79% | Upgrade
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| Effective Tax Rate | 7.28% | 4.09% | 15.01% | 9.19% | - | 4.46% | Upgrade
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Source: S&P Capital IQ. Insurance template. Financial Sources.