East West Insurance Company Limited (PSX:EWIC)

PSX:EWIC 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	5,649	4,304	3,806	2,732	2,118	1,853
Total Interest & Dividend Income	467.21	424.93	367.72	194.54	103.24	88.02
Gain (Loss) on Sale of Investments	317.82	330.7	39.01	-6.54	-8.59	-1.58
Other Revenue	28.33	31.76	23.18	7.34	3.83	2.31
Total Revenue	6,463	5,091	4,236	2,928	2,216	1,941
Revenue Growth (YoY)	44.68%	20.20%	44.68%	32.12%	14.15%	29.02%
Policy Benefits	2,690	1,945	1,824	1,325	887.39	817.83
Policy Acquisition & Underwriting Costs	2,017	1,658	1,648	1,133	544.89	411.27
Amortization of Goodwill & Intangibles	0.04	0.04	0.05	0.07	0.1	0.15
Depreciation & Amortization	49.35	45.51	31.47	26.05	19.16	22.09
Selling, General & Administrative	1,170	1,065	787.22	538.56	452.89	412.6
Provision for Bad Debts	-	-	-	3.64	9.44	3.43
Other Operating Expenses	-966.1	-952.37	-823.69	-647.61	-122.58	-83.02
Total Operating Expenses	5,098	3,891	3,559	2,450	1,859	1,645
Operating Income	1,364	1,200	677.01	477.73	357.43	295.78
Interest Expense	-4.34	-6	-8.01	-4.11	-0.18	-1.24
Other Non Operating Income (Expenses)	-1.64	-1.25	-0.61	-0.47	-0.37	-0.41
EBT Excluding Unusual Items	1,358	1,193	668.39	473.15	356.88	294.14
Gain (Loss) on Sale of Assets	8.79	3.92	8.18	4.12	0.63	3.26
Pretax Income	1,367	1,197	676.56	477.27	357.51	297.4
Income Tax Expense	275.07	223.96	93.41	89.17	45.05	66.02
Net Income	1,092	972.85	583.15	388.1	312.47	231.38
Net Income to Common	1,092	972.85	583.15	388.1	312.47	231.38
Net Income Growth	52.86%	66.83%	50.26%	24.21%	35.05%	25.85%
Shares Outstanding (Basic)	287	269	213	213	211	181
Shares Outstanding (Diluted)	287	269	213	213	211	181
Shares Change (YoY)	25.39%	26.17%	-	1.10%	16.23%	-
EPS (Basic)	3.81	3.62	2.74	1.82	1.48	1.28
EPS (Diluted)	3.81	3.62	2.74	1.82	1.48	1.28
EPS Growth	21.90%	32.22%	50.26%	22.86%	16.19%	25.85%
Free Cash Flow	2,426	950.73	431.23	134.55	325.81	156.23
Free Cash Flow Per Share	8.46	3.54	2.03	0.63	1.55	0.86
Operating Margin	21.11%	23.57%	15.98%	16.32%	16.13%	15.24%
Profit Margin	16.90%	19.11%	13.77%	13.26%	14.10%	11.92%
Free Cash Flow Margin	37.54%	18.67%	10.18%	4.60%	14.70%	8.05%
EBITDA	1,401	1,237	700.99	495.41	376.58	313.49
EBITDA Margin	21.68%	24.30%	16.55%	16.92%	16.99%	16.15%
D&A For EBITDA	36.75	36.85	23.99	17.68	19.16	17.7
EBIT	1,364	1,200	677.01	477.73	357.43	295.78
EBIT Margin	21.11%	23.57%	15.98%	16.32%	16.13%	15.24%
Effective Tax Rate	20.12%	18.71%	13.81%	18.68%	12.60%	22.20%

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