EFU Life Assurance Limited (PSX:EFUL)

EFU Life Assurance Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	43,016	39,408	36,404	38,471	36,350	31,653
Total Interest & Dividend Income	36,924	38,906	32,897	19,211	11,869	11,469
Gain (Loss) on Sale of Investments	20,504	22,556	6,239	-4,771	-4,488	9,368
Other Revenue	51.18	52.24	50.09	46.26	49.22	31.07
Total Revenue	100,496	100,923	75,589	52,958	43,781	52,521
Revenue Growth (YoY)	22.39%	33.51%	42.73%	20.96%	-16.64%	38.11%
Policy Benefits	82,917	84,098	61,054	39,684	31,451	41,485
Policy Acquisition & Underwriting Costs	8,690	7,793	7,208	7,863	7,872	6,607
Selling, General & Administrative	4,158	4,037	3,259	2,577	2,325	1,900
Other Operating Expenses	64.71	69.92	42.08	40.67	40.06	31.53
Total Operating Expenses	95,922	96,085	71,685	50,164	41,688	50,024
Operating Income	4,573	4,837	3,904	2,794	2,093	2,497
Interest Expense	-76.97	-74.2	-70.62	-	-	-
Other Non Operating Income (Expenses)	2.83	2.56	0.04	0.05	-	-
EBT Excluding Unusual Items	4,499	4,766	3,834	2,794	2,093	2,497
Gain (Loss) on Sale of Assets	118.57	161.47	140.03	42.27	37.06	20.12
Other Unusual Items	32.99	33.91	21.09	5.76	11.8	9.67
Pretax Income	4,651	4,961	3,995	2,842	2,142	2,527
Income Tax Expense	1,800	1,971	1,930	1,150	633.47	743.08
Net Income	2,851	2,990	2,065	1,692	1,508	1,784
Net Income to Common	2,851	2,990	2,065	1,692	1,508	1,784
Net Income Growth	21.45%	44.83%	22.01%	12.20%	-15.47%	15.16%
Shares Outstanding (Basic)	105	104	100	100	100	100
Shares Outstanding (Diluted)	105	104	100	100	100	100
Shares Change (YoY)	5.02%	3.75%	-	-	-	-
EPS (Basic)	27.15	28.82	20.65	16.92	15.08	17.84
EPS (Diluted)	27.15	28.82	20.65	16.92	15.08	17.84
EPS Growth	15.65%	39.59%	22.01%	12.20%	-15.46%	15.17%
Free Cash Flow	-14,163	-15,328	-7,962	926.09	1,236	5,476
Free Cash Flow Per Share	-134.88	-147.74	-79.62	9.26	12.36	54.76
Dividend Per Share	15.000	15.000	15.000	15.000	15.000	15.000
Operating Margin	4.55%	4.79%	5.17%	5.28%	4.78%	4.75%
Profit Margin	2.84%	2.96%	2.73%	3.19%	3.45%	3.40%
Free Cash Flow Margin	-14.09%	-15.19%	-10.53%	1.75%	2.82%	10.43%
EBITDA	5,145	5,424	4,288	3,149	2,436	2,838
EBITDA Margin	5.12%	5.37%	5.67%	5.95%	5.56%	5.40%
D&A For EBITDA	572.08	586.19	383.46	354.61	343.04	340.81
EBIT	4,573	4,837	3,904	2,794	2,093	2,497
EBIT Margin	4.55%	4.79%	5.17%	5.28%	4.78%	4.75%
Effective Tax Rate	38.70%	39.73%	48.32%	40.46%	29.58%	29.40%
Revenue as Reported	100,650	101,121	75,751	53,006	43,829	52,551

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