Crescent Star Insurance Limited (PSX: CSIL)

Crescent Star Insurance 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	270.02	257.29	117.51	94.9	112.24	110.84
Total Interest & Dividend Income	32.67	21.15	9.07	4.72	2.07	3.68
Non-Insurance Activities Revenue	-	-	-	-	-	1.55
Other Revenue	2.81	22.84	66.14	50.21	48.56	63.06
Total Revenue	305.5	301.28	192.73	149.83	162.87	179.12
Revenue Growth (YoY)	4.23%	56.32%	28.63%	-8.01%	-9.07%	-13.54%
Policy Benefits	129.37	129.91	4.03	9.83	7.45	13.95
Policy Acquisition & Underwriting Costs	24.57	18.13	-	4.42	5.32	8.09
Amortization of Goodwill & Intangibles	1.15	1.15	1.4	1.59	1.35	2.65
Depreciation & Amortization	4.19	4.19	7.85	10.07	9.1	16.11
Selling, General & Administrative	114.83	111.06	153.93	82.14	80.17	92.67
Non-Insurance Activities Expense	-	-	-	-	-	2.5
Other Operating Expenses	37.73	0.34	-3.18	1.72	2.65	4.9
Total Operating Expenses	313.05	266	164.03	109.75	106.04	142.94
Operating Income	-7.55	35.28	28.7	40.08	56.83	36.18
Interest Expense	-	-	-	-0.09	-0.58	-0.81
Other Non Operating Income (Expenses)	-2.76	-2.76	-2.71	-2.87	-2.48	-2.47
EBT Excluding Unusual Items	-10.31	32.52	25.99	37.12	53.77	32.9
Gain (Loss) on Sale of Assets	-0	-0	-	1.14	-	-0.27
Asset Writedown	-10.54	-10.54	-44.75	-	-	-
Pretax Income	-20.85	21.98	-18.76	38.26	53.77	32.64
Income Tax Expense	-17.76	-31.35	-2.15	5.89	10.07	13.15
Earnings From Continuing Ops.	-3.09	53.33	-16.61	32.37	43.7	19.49
Minority Interest in Earnings	14.05	3.58	21.12	6.42	5.22	11.27
Net Income	10.96	56.92	4.51	38.79	48.91	30.76
Net Income to Common	10.96	56.92	4.51	38.79	48.91	30.76
Net Income Growth	-88.60%	1162.31%	-88.38%	-20.68%	59.00%	-
Shares Outstanding (Basic)	108	108	108	108	108	108
Shares Outstanding (Diluted)	108	108	108	108	108	108
Shares Change (YoY)	-	-	-	-	-	1.95%
EPS (Basic)	0.10	0.53	0.04	0.36	0.45	0.29
EPS (Diluted)	0.10	0.53	0.04	0.36	0.45	0.29
EPS Growth	-88.60%	1162.34%	-88.38%	-20.68%	59.00%	-
Free Cash Flow	10.95	143.16	-9.09	2.35	11.12	-2.29
Free Cash Flow Per Share	0.10	1.33	-0.08	0.02	0.10	-0.02
Operating Margin	-2.47%	11.71%	14.89%	26.75%	34.89%	20.20%
Profit Margin	3.59%	18.89%	2.34%	25.89%	30.03%	17.17%
Free Cash Flow Margin	3.58%	47.52%	-4.71%	1.57%	6.83%	-1.28%
EBITDA	-1.05	41.99	39.4	53.5	69.93	57.99
EBITDA Margin	-0.34%	13.94%	20.44%	35.71%	42.94%	32.37%
D&A For EBITDA	6.5	6.7	10.7	13.43	13.1	21.81
EBIT	-7.55	35.28	28.7	40.08	56.83	36.18
EBIT Margin	-2.47%	11.71%	14.89%	26.75%	34.89%	20.20%
Effective Tax Rate	-	-	-	15.40%	18.73%	40.28%

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