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	448.78	335.64	150.78	98.96	105.17	72.89
Gain (Loss) on Sale of Investments	160.5	141.79	46.33	23.69	-23.14	-50.09
Other Revenue	78.95	76.08	61.08	52.16	28.12	46.85
Total Revenue	1,978	1,751	1,331	1,072	956.24	849.37
Revenue Growth (YoY)	24.31%	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	41.74	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	158.44	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	-186.17	-158.08	-157.2	-116.22	-61.89	-28.64
Total Operating Expenses	1,041	926.61	842.14	690.13	658.08	650.82
Operating Income	936.56	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)	0.87	-0.07	-0.98	-0.64	-0.56	0.1
EBT Excluding Unusual Items	940.01	829.79	490.98	388.98	303.86	199.46
Gain (Loss) on Sale of Investments	-	-	-	-	3.25	-
Gain (Loss) on Sale of Assets	-0.37	-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)	-	-	-	0.00%	-	-
EPS (Basic)	10.84	8.98	5.66	5.02	4.38	2.62
EPS (Diluted)	10.84	8.98	5.66	5.02	4.38	2.62
EPS Growth	40.07%	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	47.35%	47.07%	36.71%	35.65%	31.18%	23.38%
Profit Margin	30.31%	28.38%	23.55%	25.88%	25.37%	17.09%
Free Cash Flow Margin	-3.69%	14.17%	-1.15%	25.46%	12.70%	7.21%
EBITDA	941.62	839.91	504.44	397.83	326.66	213.18
EBITDA Margin	47.61%	47.98%	37.91%	37.10%	34.16%	25.10%
D&A For EBITDA	5.06	15.84	16.03	15.56	28.5	14.63
EBIT	936.56	824.07	488.41	382.27	298.16	198.54
EBIT Margin	47.35%	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.