PSX:EWIC Income Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	7,286	4,304	3,806	2,732	2,118
Total Interest & Dividend Income	1,016	424.93	367.72	194.54	103.24
Gain (Loss) on Sale of Investments	-	330.7	39.01	-6.54	-8.59
Other Revenue	40.63	31.76	23.18	7.34	3.83
Total Revenue	8,342	5,091	4,236	2,928	2,216
Revenue Growth (YoY)	63.85%	20.20%	44.68%	32.12%	14.15%
Policy Benefits	3,278	1,945	1,824	1,325	887.39
Policy Acquisition & Underwriting Costs	1,599	1,658	1,648	1,133	544.89
Amortization of Goodwill & Intangibles	-	0.04	0.05	0.07	0.1
Depreciation & Amortization	-	45.51	31.47	26.05	19.16
Selling, General & Administrative	1,307	1,065	787.22	538.56	452.89
Provision for Bad Debts	-	-	-	3.64	9.44
Other Operating Expenses	356.83	-952.37	-823.69	-647.61	-122.58
Total Operating Expenses	6,540	3,891	3,559	2,450	1,859
Operating Income	1,802	1,200	677.01	477.73	357.43
Interest Expense	-6.39	-6	-8.01	-4.11	-0.18
Other Non Operating Income (Expenses)	132.67	-1.25	-0.61	-0.47	-0.37
EBT Excluding Unusual Items	1,928	1,193	668.39	473.15	356.88
Gain (Loss) on Sale of Assets	-	3.92	8.18	4.12	0.63
Pretax Income	1,928	1,197	676.56	477.27	357.51
Income Tax Expense	478.93	223.96	93.41	89.17	45.05
Net Income	1,449	972.85	583.15	388.1	312.47
Net Income to Common	1,449	972.85	583.15	388.1	312.47
Net Income Growth	48.99%	66.83%	50.26%	24.21%	35.05%
Shares Outstanding (Basic)	281	269	213	213	211
Shares Outstanding (Diluted)	281	269	213	213	211
Shares Change (YoY)	4.81%	26.17%	-	1.10%	16.23%
EPS (Basic)	5.15	3.62	2.74	1.82	1.48
EPS (Diluted)	5.15	3.62	2.74	1.82	1.48
EPS Growth	42.16%	32.22%	50.26%	22.86%	16.19%
Free Cash Flow	5,179	950.73	431.23	134.55	325.81
Free Cash Flow Per Share	18.40	3.54	2.03	0.63	1.55
Operating Margin	21.60%	23.57%	15.98%	16.32%	16.13%
Profit Margin	17.37%	19.11%	13.77%	13.26%	14.10%
Free Cash Flow Margin	62.08%	18.67%	10.18%	4.60%	14.70%
EBITDA	1,858	1,237	700.99	495.41	376.58
EBITDA Margin	22.27%	24.30%	16.55%	16.92%	16.99%
D&A For EBITDA	55.78	36.85	23.99	17.68	19.16
EBIT	1,802	1,200	677.01	477.73	357.43
EBIT Margin	21.60%	23.57%	15.98%	16.32%	16.13%
Effective Tax Rate	24.84%	18.71%	13.81%	18.68%	12.60%

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