Century Insurance Company Limited (PSX: CENI)

Century Insurance Company Income Statement

Financials in millions PKR. 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	1,290	1,197	1,072	897.58	846.1	779.72
Total Interest & Dividend Income	104.64	335.64	150.78	98.96	105.17	72.89
Gain (Loss) on Sale of Investments	471.14	141.79	46.33	23.69	-23.14	-50.09
Other Revenue	79.4	76.08	61.08	52.16	28.12	46.85
Total Revenue	1,945	1,751	1,331	1,072	956.24	849.37
Revenue Growth (YoY)	22.23%	31.58%	24.07%	12.15%	12.58%	27.53%
Policy Benefits	708	618.52	561.53	449.75	360.17	362.68
Policy Acquisition & Underwriting Costs	-30.43	22.24	20.34	10.71	8.99	7.02
Amortization of Goodwill & Intangibles	0.09	0.09	0.04	-	0.01	0.02
Depreciation & Amortization	32.03	32.03	32.64	27.74	27.87	25.78
Selling, General & Administrative	131.89	124.55	127.7	98.09	94.65	93.64
Provision for Bad Debts	-1.18	-1.18	0.13	-2.88	15.41	1.61
Other Operating Expenses	-122.84	-158.08	-157.2	-116.22	-61.89	-28.64
Total Operating Expenses	1,006	926.61	842.14	690.13	658.08	650.82
Operating Income	938.89	824.07	488.41	382.27	298.16	198.54
Interest Expense	-6.02	-3.77	-4.73	-5.63	-6.24	-6.1
Earnings From Equity Investments	8.6	9.56	8.28	12.99	12.41	6.92
Currency Exchange Gain (Loss)	-	-	-	-	0.09	-
Other Non Operating Income (Expenses)	-1.01	-0.07	-0.98	-0.64	-0.56	0.1
EBT Excluding Unusual Items	940.46	829.79	490.98	388.98	303.86	199.46
Gain (Loss) on Sale of Investments	-	-	-	-	3.25	-
Gain (Loss) on Sale of Assets	-0.82	-0.57	2.34	0.65	0.63	0.19
Other Unusual Items	0.86	0.86	1.86	-	34.68	-
Pretax Income	940.5	830.08	495.18	389.63	342.42	199.65
Income Tax Expense	340.97	333.21	181.83	112.1	99.81	54.46
Net Income	599.53	496.87	313.35	277.53	242.6	145.2
Net Income to Common	599.53	496.87	313.35	277.53	242.6	145.2
Net Income Growth	40.07%	58.56%	12.91%	14.40%	67.09%	103.57%
Shares Outstanding (Basic)	55	55	55	55	55	55
Shares Outstanding (Diluted)	55	55	55	55	55	55
Shares Change (YoY)	0.03%	-	-	0.00%	-	-
EPS (Basic)	10.83	8.98	5.66	5.02	4.38	2.62
EPS (Diluted)	10.83	8.98	5.66	5.02	4.38	2.62
EPS Growth	40.03%	58.56%	12.91%	14.40%	67.09%	103.57%
Free Cash Flow	-73.06	247.99	-15.36	273.05	121.44	61.26
Free Cash Flow Per Share	-1.32	4.48	-0.28	4.94	2.19	1.11
Dividend Per Share	4.500	4.500	2.500	2.250	1.818	1.591
Dividend Growth	80.00%	80.00%	11.11%	23.75%	14.29%	39.99%
Operating Margin	48.27%	47.07%	36.71%	35.65%	31.18%	23.38%
Profit Margin	30.83%	28.38%	23.55%	25.88%	25.37%	17.09%
Free Cash Flow Margin	-3.76%	14.17%	-1.15%	25.46%	12.70%	7.21%
EBITDA	958.4	839.91	504.44	397.83	326.66	213.18
EBITDA Margin	49.28%	47.98%	37.91%	37.10%	34.16%	25.10%
D&A For EBITDA	19.51	15.84	16.03	15.56	28.5	14.63
EBIT	938.89	824.07	488.41	382.27	298.16	198.54
EBIT Margin	48.27%	47.07%	36.71%	35.65%	31.18%	23.38%
Effective Tax Rate	36.25%	40.14%	36.72%	28.77%	29.15%	27.28%

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