Consolidated Hallmark Holdings Plc (NGX: CONHALLPLC)

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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	20,774	15,711	11,880	6,050	6,007	4,945
Total Interest & Dividend Income	2,368	1,460	1,110	827.19	591.47	748.95
Gain (Loss) on Sale of Investments	7,251	1,982	401.87	375.51	348.88	281.11
Other Revenue	-70.45	-	-	529.27	493.37	527.46
Total Revenue	30,323	19,153	13,392	7,782	7,441	6,541
Revenue Growth (YoY)	96.63%	43.02%	72.10%	4.58%	13.75%	14.30%
Policy Benefits	18,507	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	4.8	9.29	11.43	11.1	10.96	7.76
Depreciation & Amortization	62.87	72.82	78.51	118.2	105.3	97.74
Selling, General & Administrative	506.96	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	-1,285	-33.44	79.34	315.96	94.09	107.2
Total Operating Expenses	22,403	17,542	12,979	7,053	6,659	5,724
Operating Income	7,920	1,611	412.83	728.91	781.7	817.26
Currency Exchange Gain (Loss)	5,842	2,959	590.68	266.54	56.65	12.34
Other Non Operating Income (Expenses)	89.45	77.14	-24.93	-30.84	-69.33	-115.61
EBT Excluding Unusual Items	13,852	4,647	978.58	964.61	769.02	713.99
Gain (Loss) on Sale of Assets	4.94	4.94	4.67	8.06	4.57	-2.42
Other Unusual Items	-	-	-	-1	-1.02	-0.1
Pretax Income	13,857	4,652	983.24	971.67	772.56	711.47
Income Tax Expense	3,552	882.7	436.23	181.04	94.58	111.16
Net Income	10,304	3,769	547.01	790.64	677.98	600.31
Net Income to Common	10,304	3,769	547.01	790.64	677.98	600.31
Net Income Growth	963.53%	589.04%	-30.81%	16.62%	12.94%	47.60%
Shares Outstanding (Basic)	10,840	10,840	10,840	10,840	9,824	8,672
Shares Outstanding (Diluted)	10,840	10,840	10,840	10,840	9,824	8,672
Shares Change (YoY)	-	-	-	10.34%	13.28%	15.78%
EPS (Basic)	0.95	0.35	0.05	0.07	0.07	0.07
EPS (Diluted)	0.95	0.35	0.05	0.07	0.07	0.07
EPS Growth	963.54%	589.05%	-30.81%	5.68%	-0.30%	27.48%
Free Cash Flow	4,314	1,989	1,400	-170.91	140.57	-462.6
Free Cash Flow Per Share	0.40	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	26.12%	8.41%	3.08%	9.37%	10.51%	12.49%
Profit Margin	33.98%	19.68%	4.08%	10.16%	9.11%	9.18%
Free Cash Flow Margin	14.23%	10.38%	10.46%	-2.20%	1.89%	-7.07%
EBITDA	8,052	1,684	559.88	847.11	886.99	921.96
EBITDA Margin	26.55%	8.79%	4.18%	10.89%	11.92%	14.09%
D&A For EBITDA	131.7	72.82	147.05	118.2	105.3	104.7
EBIT	7,920	1,611	412.83	728.91	781.7	817.26
EBIT Margin	26.12%	8.41%	3.08%	9.37%	10.51%	12.49%
Effective Tax Rate	25.64%	18.98%	44.37%	18.63%	12.24%	15.62%

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