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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	291.2	257.29	117.51	94.9	112.24	110.84
Total Interest & Dividend Income	36.93	21.15	9.07	4.72	2.07	3.68
Non-Insurance Activities Revenue	-	-	-	-	-	1.55
Other Revenue	2.84	22.84	66.14	50.21	48.56	63.06
Total Revenue	330.97	301.28	192.73	149.83	162.87	179.12
Revenue Growth (YoY)	24.04%	56.32%	28.63%	-8.01%	-9.07%	-13.54%
Policy Benefits	128.52	129.91	4.03	9.83	7.45	13.95
Policy Acquisition & Underwriting Costs	23.27	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	113.46	111.06	153.93	82.14	80.17	92.67
Non-Insurance Activities Expense	-	-	-	-	-	2.5
Other Operating Expenses	0.61	0.34	-3.18	1.72	2.65	4.9
Total Operating Expenses	272.41	266	164.03	109.75	106.04	142.94
Operating Income	58.56	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	55.8	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	45.26	21.98	-18.76	38.26	53.77	32.64
Income Tax Expense	-27.5	-31.35	-2.15	5.89	10.07	13.15
Earnings From Continuing Ops.	72.76	53.33	-16.61	32.37	43.7	19.49
Minority Interest in Earnings	2.17	3.58	21.12	6.42	5.22	11.27
Net Income	74.93	56.92	4.51	38.79	48.91	30.76
Net Income to Common	74.93	56.92	4.51	38.79	48.91	30.76
Net Income Growth	7.99%	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)	0.70	0.53	0.04	0.36	0.45	0.29
EPS (Diluted)	0.70	0.53	0.04	0.36	0.45	0.29
EPS Growth	7.99%	1162.34%	-88.38%	-20.68%	59.00%	-
Free Cash Flow	151.19	143.16	-9.09	2.35	11.12	-2.29
Free Cash Flow Per Share	1.40	1.33	-0.08	0.02	0.10	-0.02
Operating Margin	17.69%	11.71%	14.89%	26.75%	34.89%	20.20%
Profit Margin	22.64%	18.89%	2.34%	25.89%	30.03%	17.17%
Free Cash Flow Margin	45.68%	47.52%	-4.71%	1.57%	6.83%	-1.28%
EBITDA	64.39	41.99	39.4	53.5	69.93	57.99
EBITDA Margin	19.45%	13.94%	20.44%	35.71%	42.94%	32.37%
D&A For EBITDA	5.82	6.7	10.7	13.43	13.1	21.81
EBIT	58.56	35.28	28.7	40.08	56.83	36.18
EBIT Margin	17.69%	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.