Adamjee Insurance Company Limited (PSX:AICL)

Adamjee Insurance Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	66,713	57,231	41,977	37,266	32,651	29,809
Total Interest & Dividend Income	18,281	19,637	15,861	8,048	5,639	3,870
Gain (Loss) on Sale of Investments	11,746	11,338	5,134	-3,172	-423.46	1,285
Other Revenue	1,206	1,164	1,382	918.43	488.13	470.43
Total Revenue	97,945	89,370	64,353	43,061	38,355	35,434
Revenue Growth (YoY)	32.66%	38.87%	49.45%	12.27%	8.24%	8.12%
Policy Benefits	73,082	67,320	48,500	30,456	25,800	24,763
Policy Acquisition & Underwriting Costs	7,602	6,490	4,691	4,317	4,071	4,099
Amortization of Goodwill & Intangibles	31.11	31.11	22.77	23.68	0.05	0.19
Depreciation & Amortization	46.04	46.04	38.61	34.85	38.63	23.38
Selling, General & Administrative	7,987	7,213	6,324	5,186	4,708	4,359
Other Operating Expenses	-604.73	-567.84	-556.04	-485.57	-310.27	-299.9
Total Operating Expenses	88,804	81,193	59,679	40,314	34,742	33,260
Operating Income	9,141	8,178	4,674	2,747	3,613	2,174
Interest Expense	-24.44	-19.95	-12.03	-51.89	-62.14	-21.04
Currency Exchange Gain (Loss)	0.37	0.37	19.71	7.4	2.76	12.33
Other Non Operating Income (Expenses)	62.39	62.39	28.88	48.28	17.85	14.17
EBT Excluding Unusual Items	9,179	8,220	4,711	2,751	3,572	2,180
Gain (Loss) on Sale of Assets	34.55	34.55	25.82	12.38	23.8	72.04
Asset Writedown	337.95	337.95	263.79	497.7	674.14	-21
Pretax Income	9,552	8,593	5,000	3,261	4,270	2,231
Income Tax Expense	4,086	3,640	2,283	874.8	1,326	153.86
Earnings From Continuing Ops.	5,466	4,953	2,717	2,386	2,944	2,077
Minority Interest in Earnings	-150.24	-155.43	-90.81	-45.19	-	-2.79
Net Income	5,315	4,797	2,626	2,341	2,944	2,074
Net Income to Common	5,315	4,797	2,626	2,341	2,944	2,074
Net Income Growth	36.37%	82.68%	12.17%	-20.47%	41.93%	5.17%
Shares Outstanding (Basic)	350	350	350	350	350	350
Shares Outstanding (Diluted)	350	350	350	350	350	350
EPS (Basic)	15.19	13.71	7.50	6.69	8.41	5.93
EPS (Diluted)	15.19	13.71	7.50	6.69	8.41	5.93
EPS Growth	36.37%	82.68%	12.17%	-20.47%	41.93%	5.17%
Free Cash Flow	9,279	8,720	-3,802	3,790	7,717	5,854
Free Cash Flow Per Share	26.51	24.91	-10.86	10.83	22.05	16.73
Dividend Per Share	3.500	3.000	3.000	3.000	3.000	2.500
Dividend Growth	16.67%	-	-	-	20.00%	-
Operating Margin	9.33%	9.15%	7.26%	6.38%	9.42%	6.14%
Profit Margin	5.43%	5.37%	4.08%	5.44%	7.67%	5.85%
Free Cash Flow Margin	9.47%	9.76%	-5.91%	8.80%	20.12%	16.52%
EBITDA	9,502	8,475	4,976	3,036	3,894	2,505
EBITDA Margin	9.70%	9.48%	7.73%	7.05%	10.15%	7.07%
D&A For EBITDA	361.1	297.74	301.68	288.83	280.1	331.37
EBIT	9,141	8,178	4,674	2,747	3,613	2,174
EBIT Margin	9.33%	9.15%	7.26%	6.38%	9.42%	6.14%
Effective Tax Rate	42.78%	42.36%	45.66%	26.82%	31.06%	6.90%

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