Atlas Insurance Income Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	3,332	2,882	2,379	2,133	1,831	1,405
Total Interest & Dividend Income	1,038	1,047	641.48	385.22	333.64	208.96
Gain (Loss) on Sale of Investments	996.02	901.26	12.44	-351.22	8.02	44.7
Other Revenue	166.01	280.07	280.71	128.1	49.38	47.48
Total Revenue	5,532	5,110	3,313	2,295	2,222	1,706
Revenue Growth (YoY)	23.25%	54.23%	44.38%	3.30%	30.19%	-1.81%
Policy Benefits	992.39	777.22	702.55	721.23	622.19	449.6
Policy Acquisition & Underwriting Costs	749.17	635.83	498.73	326.64	23.34	18.46
Selling, General & Administrative	1,377	1,238	986.91	781.57	644.37	551.82
Other Operating Expenses	-733.85	-659.33	-745.38	-638.48	-257.73	-230.39
Total Operating Expenses	2,385	1,992	1,443	1,191	1,032	789.48
Operating Income	3,147	3,118	1,871	1,104	1,190	917.01
Interest Expense	-16.95	-11.82	-11.9	-9.27	-7.52	-9.23
Currency Exchange Gain (Loss)	-1	-1	-36.97	-5.31	-1.84	-0.72
Other Non Operating Income (Expenses)	2.04	1.89	0.37	1.69	1.03	0.26
EBT Excluding Unusual Items	3,131	3,107	1,822	1,091	1,181	907.31
Gain (Loss) on Sale of Assets	4	4	0.43	4.49	0.26	0.47
Pretax Income	3,135	3,111	1,823	1,096	1,182	907.78
Income Tax Expense	1,236	1,222	815.45	376.31	346.13	262.35
Net Income	1,899	1,889	1,007	719.31	835.38	645.43
Net Income to Common	1,899	1,889	1,007	719.31	835.38	645.43
Net Income Growth	16.31%	87.53%	40.02%	-13.89%	29.43%	3.56%
Shares Outstanding (Basic)	149	149	149	149	149	149
Shares Outstanding (Diluted)	149	149	149	149	149	149
Shares Change (YoY)	-	-	-	-	0.00%	-
EPS (Basic)	12.71	12.64	6.74	4.81	5.59	4.32
EPS (Diluted)	12.71	12.64	6.74	4.81	5.59	4.32
EPS Growth	16.31%	87.53%	40.02%	-13.89%	29.43%	3.56%
Free Cash Flow	-449.37	48.73	502.15	751.09	1,026	613.45
Free Cash Flow Per Share	-3.01	0.33	3.36	5.03	6.87	4.11
Dividend Per Share	8.500	8.500	4.600	4.375	3.977	3.977
Dividend Growth	39.34%	84.78%	5.14%	10.00%	-	10.00%
Operating Margin	56.89%	61.02%	56.46%	48.11%	53.54%	53.74%
Profit Margin	34.33%	36.96%	30.40%	31.34%	37.60%	37.82%
Free Cash Flow Margin	-8.12%	0.95%	15.15%	32.73%	46.17%	35.95%
EBITDA	3,216	3,177	1,908	1,133	1,211	938.66
EBITDA Margin	58.14%	62.17%	57.58%	49.35%	54.50%	55.01%
D&A For EBITDA	69.01	58.67	37.29	28.51	21.36	21.65
EBIT	3,147	3,118	1,871	1,104	1,190	917.01
EBIT Margin	56.89%	61.02%	56.46%	48.11%	53.54%	53.74%
Effective Tax Rate	39.43%	39.29%	44.74%	34.35%	29.30%	28.90%

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