EFU Life Assurance Limited (PSX: EFUL)

EFU Life Assurance 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	37,741	36,404	38,471	36,350	31,653	31,142
Total Interest & Dividend Income	39,923	32,897	19,211	11,869	11,469	11,589
Gain (Loss) on Sale of Investments	13,597	6,239	-4,771	-4,488	9,368	-4,733
Other Revenue	52.95	50.09	46.26	49.22	31.07	30.96
Total Revenue	91,315	75,589	52,958	43,781	52,521	38,028
Revenue Growth (YoY)	35.63%	42.74%	20.96%	-16.64%	38.11%	25.37%
Policy Benefits	75,193	61,054	39,684	31,451	41,485	26,724
Policy Acquisition & Underwriting Costs	7,481	7,236	7,863	7,872	6,607	7,303
Selling, General & Administrative	4,172	3,299	2,577	2,325	1,900	1,785
Other Operating Expenses	41.54	42.08	40.67	40.06	31.53	22.39
Total Operating Expenses	87,072	71,753	50,164	41,688	50,024	35,708
Operating Income	4,242	3,836	2,794	2,093	2,497	2,321
Other Non Operating Income (Expenses)	2.28	0.04	0.05	-	-	-
EBT Excluding Unusual Items	4,244	3,836	2,794	2,093	2,497	2,321
Gain (Loss) on Sale of Assets	226.18	140.03	42.27	37.06	20.12	33.57
Other Unusual Items	171.87	21.09	5.76	11.8	9.67	-
Pretax Income	4,643	3,998	2,842	2,142	2,527	2,354
Income Tax Expense	1,852	1,931	1,150	633.47	743.08	804.91
Net Income	2,790	2,066	1,692	1,508	1,784	1,549
Net Income to Common	2,790	2,066	1,692	1,508	1,784	1,549
Net Income Growth	40.37%	22.11%	12.19%	-15.47%	15.16%	0.19%
Shares Outstanding (Basic)	102	100	100	100	100	100
Shares Outstanding (Diluted)	102	100	100	100	100	100
Shares Change (YoY)	2.44%	-	-	-	-	-
EPS (Basic)	27.23	20.66	16.92	15.08	17.84	15.49
EPS (Diluted)	27.23	20.66	16.92	15.08	17.84	15.49
EPS Growth	37.03%	22.11%	12.19%	-15.46%	15.17%	0.17%
Free Cash Flow	-13,977	-7,962	926.09	1,236	5,476	7,386
Free Cash Flow Per Share	-136.40	-79.62	9.26	12.36	54.76	73.86
Dividend Per Share	15.000	15.000	15.000	15.000	15.000	15.000
Operating Margin	4.65%	5.08%	5.28%	4.78%	4.76%	6.10%
Profit Margin	3.06%	2.73%	3.20%	3.44%	3.40%	4.07%
Free Cash Flow Margin	-15.31%	-10.53%	1.75%	2.82%	10.43%	19.42%
EBITDA	4,767	4,217	3,149	2,436	2,838	2,648
EBITDA Margin	5.22%	5.58%	5.95%	5.56%	5.40%	6.96%
D&A For EBITDA	524.84	380.68	354.61	343.04	340.81	327.61
EBIT	4,242	3,836	2,794	2,093	2,497	2,321
EBIT Margin	4.65%	5.08%	5.28%	4.78%	4.76%	6.10%
Effective Tax Rate	39.90%	48.31%	40.46%	29.58%	29.40%	34.19%
Revenue as Reported	91,716	75,751	53,006	43,829	52,551	38,062

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