Consolidated Hallmark Holdings Plc (NGX: CONHALLPLC)

NGX: CONHALLPLC Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	25,502	15,711	11,880	6,050	6,007	4,945
Total Interest & Dividend Income	2,319	1,460	1,110	827.19	591.47	748.95
Gain (Loss) on Sale of Investments	15,168	1,982	401.87	375.51	348.88	281.11
Other Revenue	10.83	-	-	529.27	493.37	527.46
Total Revenue	43,000	19,153	13,392	7,782	7,441	6,541
Revenue Growth (YoY)	163.25%	43.02%	72.10%	4.58%	13.75%	14.30%
Policy Benefits	22,718	12,109	9,102	2,288	2,566	1,679
Policy Acquisition & Underwriting Costs	3,717	3,717	2,607	2,289	1,993	1,890
Amortization of Goodwill & Intangibles	-2.21	9.29	11.43	11.1	10.96	7.76
Depreciation & Amortization	38.33	72.82	78.51	118.2	105.3	97.74
Selling, General & Administrative	160.24	926.32	812.88	1,115	1,108	1,102
Provision for Bad Debts	1.39	1.39	1.5	0.22	4.74	-
Other Operating Expenses	-410.24	-33.44	79.34	315.96	94.09	107.2
Total Operating Expenses	27,643	17,542	12,979	7,053	6,659	5,724
Operating Income	15,357	1,611	412.83	728.91	781.7	817.26
Currency Exchange Gain (Loss)	6,427	2,959	590.68	266.54	56.65	12.34
Other Non Operating Income (Expenses)	139.07	77.14	-24.93	-30.84	-69.33	-115.61
EBT Excluding Unusual Items	21,922	4,647	978.58	964.61	769.02	713.99
Gain (Loss) on Sale of Assets	10.19	4.94	4.67	8.06	4.57	-2.42
Other Unusual Items	-	-	-	-1	-1.02	-0.1
Pretax Income	21,933	4,652	983.24	971.67	772.56	711.47
Income Tax Expense	6,428	882.7	436.23	181.04	94.58	111.16
Net Income	15,505	3,769	547.01	790.64	677.98	600.31
Net Income to Common	15,505	3,769	547.01	790.64	677.98	600.31
Net Income Growth	979.56%	589.04%	-30.81%	16.62%	12.94%	47.60%
Shares Outstanding (Basic)	10,815	10,840	10,840	10,840	9,824	8,672
Shares Outstanding (Diluted)	10,815	10,840	10,840	10,840	9,824	8,672
Shares Change (YoY)	-0.23%	-	-	10.34%	13.28%	15.78%
EPS (Basic)	1.43	0.35	0.05	0.07	0.07	0.07
EPS (Diluted)	1.43	0.35	0.05	0.07	0.07	0.07
EPS Growth	982.01%	589.05%	-30.81%	5.68%	-0.30%	27.48%
Free Cash Flow	3,705	1,989	1,400	-170.91	140.57	-462.6
Free Cash Flow Per Share	0.34	0.18	0.13	-0.02	0.01	-0.05
Dividend Per Share	0.050	0.050	0.030	0.020	0.020	-
Dividend Growth	66.67%	66.67%	50.00%	0%	-	-
Operating Margin	35.71%	8.41%	3.08%	9.37%	10.51%	12.49%
Profit Margin	36.06%	19.68%	4.08%	10.16%	9.11%	9.18%
Free Cash Flow Margin	8.62%	10.38%	10.46%	-2.20%	1.89%	-7.07%
EBITDA	15,400	1,684	559.88	847.11	886.99	921.96
EBITDA Margin	35.81%	8.79%	4.18%	10.89%	11.92%	14.09%
D&A For EBITDA	43.27	72.82	147.05	118.2	105.3	104.7
EBIT	15,357	1,611	412.83	728.91	781.7	817.26
EBIT Margin	35.71%	8.41%	3.08%	9.37%	10.51%	12.49%
Effective Tax Rate	29.31%	18.98%	44.37%	18.63%	12.24%	15.62%

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