Regency Alliance Insurance Plc (NGX:REGALINS)

NGX:REGALINS Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	7,302	6,083	5,023	2,941	4,486
Total Interest & Dividend Income	1,259	881.81	741.56	445.71	526.93
Gain (Loss) on Sale of Investments	415.93	409.39	70.82	-450.43	-171.43
Other Revenue	22.18	19.67	20.41	118.7	265.34
Total Revenue	8,999	7,394	5,856	3,055	5,107
Revenue Growth (YoY)	21.70%	26.27%	91.69%	-40.18%	-2.90%
Policy Benefits	4,151	3,530	3,864	1,031	1,780
Policy Acquisition & Underwriting Costs	785.88	830.91	425.95	695.09	922.44
Selling, General & Administrative	108.99	150.48	141.19	145.18	248.95
Provision for Bad Debts	1.72	0.19	1.16	1.3	5.91
Other Operating Expenses	1,229	868.5	446.76	461.33	851.37
Total Operating Expenses	6,646	5,751	5,250	2,708	4,642
Operating Income	2,353	1,643	606.23	347.02	465.48
Interest Expense	-6.8	-8.12	-9.14	-8.4	-14.28
Other Non Operating Income (Expenses)	-11.57	-1.92	12.47	-	196.22
EBT Excluding Unusual Items	2,334	1,633	609.56	338.62	647.43
Gain (Loss) on Sale of Assets	18.58	0.43	1.79	1.89	3.99
Asset Writedown	170	478.5	11.5	5	9.04
Other Unusual Items	-6.88	-3.42	-4.87	-	-
Pretax Income	2,516	2,108	617.98	345.5	660.46
Income Tax Expense	249.48	164.54	23.24	22.9	70.17
Earnings From Continuing Ops.	2,267	1,944	594.74	322.61	590.29
Minority Interest in Earnings	-0.6	-0.62	-0.14	-0.18	32.08
Net Income	2,266	1,943	594.59	322.43	622.37
Net Income to Common	2,266	1,943	594.59	322.43	622.37
Net Income Growth	16.61%	226.80%	84.41%	-48.19%	-8.10%
Shares Outstanding (Basic)	16,005	16,005	16,005	16,005	16,005
Shares Outstanding (Diluted)	16,005	16,005	16,005	16,005	16,005
EPS (Basic)	0.14	0.12	0.04	0.02	0.04
EPS (Diluted)	0.14	0.12	0.04	0.02	0.04
EPS Growth	16.61%	226.80%	84.41%	-48.19%	-8.10%
Free Cash Flow	-1,995	-327.58	731.37	148.11	417.09
Free Cash Flow Per Share	-0.13	-0.02	0.05	0.01	0.03
Operating Margin	26.14%	22.22%	10.35%	11.36%	9.11%
Profit Margin	25.18%	26.28%	10.15%	10.55%	12.19%
Free Cash Flow Margin	-22.17%	-4.43%	12.49%	4.85%	8.17%
EBITDA	2,456	1,684	626.99	404.81	564.5
EBITDA Margin	27.30%	22.78%	10.71%	13.25%	11.05%
D&A For EBITDA	103.59	41.26	20.76	57.8	99.02
EBIT	2,353	1,643	606.23	347.02	465.48
EBIT Margin	26.14%	22.22%	10.35%	11.36%	9.11%
Effective Tax Rate	9.92%	7.80%	3.76%	6.63%	10.62%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.